Marijuana Business News

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stocks
business
Thu
15
Jun

US Government Wants To Leave Health Care Reform To The States

In 2010, US President Barack Obama fulfilled a longtime Democratic Party dream of starting the nation on the road to universal health care with the Patient Protection and Affordable Care Act (usually referred to as the ACA or, more familiarly, Obamacare). The current president wants to retrace those steps and go in a different direction: Let the states do it. Some are already trying.

Thu
15
Jun

Why the marijuana industry should worry about Sessions' letter to Congress

A letter from Attorney General Jeff Sessions to leaders of Congress is the most recent in a long list of signals that the Trump administration is trying to crack down on marijuana sales.

Sessions sent a letter to leaders of Congress in May asking them to allow the Justice Department to prosecute businesses and individuals in states where medical marijuana is legal.

Thu
15
Jun

A cryptocurrency for weed is crashing a day after it sponsored Dennis Rodman's trip to North Korea

A digital currency for the legal marijuana industry is plummeting a day after it sponsored Dennis Rodman's trip to North Korea. 

PotCoin is a digital cryptocurrency — much like bitcoin — that was specifically developed to remove the need for cash transactions between marijuana consumers and dispensaries.

PotCoin plummeted 23% on Wednesday, just a day after it soared 97% following the publicity it received from sponsoring Rodman's trip. 

The currency is valued at just over 13 US cents. 

Thu
15
Jun

These 2 Marijuana Stocks Plunged Last Week: Should You Be Buying?

Growth in the legal marijuana industry has left practically all other sectors and industries in the dust over the past couple of years, which is a big reason why it has the full and undivided attention of investors.

Thu
15
Jun

Medical marijuana businesses in PA have a cold, hard cash problem

One of the chief concerns about constructing medical marijuana dispensaries and growing facilities in Philadelphia is security. In other states that have legalized medical cannabis, growing sites have become targets for break-ins — but not necessarily because fiending burglars want to get their hands on sweet, medically acceptable kush.

Dispensaries and growers are often targets because of how most of them conduct business: Cash. Most major banks won’t work with marijuana-related businesses for fear of running afoul of federal regulations that stipulate marijuana is a Schedule 1 drug. And that’s expected to create real problems for marijuana-related businesses here in Pennsylvania, as it has elsewhere.

Thu
15
Jun

Police say former marijuana officer conspired with entrepreneur in huge weed trafficking business

A former Colorado marijuana enforcement officer and a marijuana entrepreneur are among those accused of being involved with a large trafficking ring that shipped pot out of state.

Former pot officer Renee Rayton, Scott Pack and two growers were indicted June 7 by a grand jury, joining 16 others indicted in connection with the ring in March. According to the indictment, first reported on by The Cannabist on Tuesday, Pack’s businesses had marijuana licenses but allegedly never made a legal sale, serving instead as a front for the trafficking operation.

Thu
15
Jun

The Best Cannabis Gifts for Father's Day 2017

Whether he was cheering you on at the big game, clapping the loudest at the school play, or smoking a joint with you after you graduated college, fathers play a truly indispensable role in our lives. He’s seen you grow from an infant to a bona-fide adult, and taking the time to let him know you appreciate his influence on the person you’ve become is one of the best gifts you can give him.

Show some admiration for your pot-friendly pop with the following gift ideas that are guaranteed to impress.

How are you spending time with your dad this Father’s Day? Let us know in the comments below!

Thu
15
Jun

8 Ways to Build a Scalable Business: Ideas to Try Right Now

Imagine you single-handedly run a lemonade stand.

You get 20 customers each day and have just the right amount of ingredients for a day’s commerce. Then, out of the blue, you get coverage from the New York Times.

 

Thu
15
Jun

A billion-dollar industry, a racist legacy: being black and growing pot in America

Three years ago, Jesce Horton, a former engineer in his early 30s, quit his corporate job to set up his own small, family-owned cannabis cultivation business in Portland, Oregon.

Wed
14
Jun

Canada on Course for Record Hempseed Crop in 2017

Hempseed production in Canada may reach record levels in 2017, according to an industry report that projects up to 150,000 acres planted in Western Canada.

Hempseed production in Canada may reach record levels in 2017, according to an industry report that projects up to 150,000 acres planted in Western Canada this year.

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