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House Votes to Allow Marijuana-Related Banking

July 16, 2014 at 8:28 pm / Cannabis News, Cannabis Politics, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana

The House voted Wednesday in support of making it easier for banks to do business with legal pot shops and providers of medical marijuana. The 236-186 vote rejected a move by Rep. John Fleming, R-La., to block the Treasury Department from implementing guidance it issued in February telling banks how to report on their dealings with marijuana-related businesses without running afoul of federal money-laundering laws. Marijuana dealing is still against federal law, so banks who do business with marijuana dispensaries [...]

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Big Marijuana: Is It The Future?

January 3, 2014 at 8:18 am / Cannabis Events, Cannabis News, Cannabis Politics, Cannabis Reviews, Hemp, Marijuana Decriminalization, Marijuana Legalization, Medical Marijuana

Love it or loathe it, marijuana as medicine is not a trend likely to disappear soon. Its use – and sale – is not going unnoticed by the legitimate business world. Michigan-based nutritional supplement company, Creative Edge Nutrition, is on course to becoming the first U.S. company to be allowed to distribute medicinal marijuana in Canada, says CEO Bill Chaaban. In November the company was notified by Canada’s federal health department, Health Canada, that it has been approved to grow, [...]

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New York Assembly Passes Landslide Medical Marijuana Bill

June 3, 2013 at 5:48 pm / Cannabis Events, Cannabis News, Cannabis Politics, Cannabis Reviews, Medical Marijuana

Passage Follows New Poll: 82% of New Yorkers Support Medical Marijuana, Including 81% of Both Democrats and Republicans Healthcare Practitioners and Patients Urge New York Senate to Pass Bill Without Delay New York: Earlier today, the New York State Assembly passed the Compassionate Care Act (A.6357/Gottfried) by a vote of 95 to 38. The bill, which would create one the most tightly regulated medical marijuana programs in the country, would alleviate the suffering of thousands of seriously ill New Yorkers [...]

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Nevada Senate Approves Medical Marijuana Network

May 30, 2013 at 2:02 pm / Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

More than a decade after Nevada voters approved medical marijuana the state Senate approved a bill Wednesday giving patients a legal way to obtain the drug. The Senate approved SB374 on a vote of 17-4, with four Republicans opposed. The bill now moves to the Assembly with just days to go in the 2013 session. “A lot of work went into this bill and finally after 12 years we’re doing what the voters of Nevada told us they wanted us [...]

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Los Angeles Dispensaries Slashed by Prop D

May 22, 2013 at 3:55 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

The voters of Los Angeles have spoken — and it’s going to get a lot more crowded in dispensaries. With the passage of new measures, a mere 135 dispensaries will now face the task of serving 100,000 patients. Prop D easily won the “showdown of the medical pot measures” passing with 63 percent of the vote with all precincts reporting. The number of dispensaries will be reduced from the approximately 700 (or more) to 135, those that existed before the [...]

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How Much Will a Legal Marijuana Habit Cost You?

May 20, 2013 at 11:31 am / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

If you’re an average pot smoker in Colorado—paying average prices for average-quality marijuana—you can expect to spend around $650 on weed next year. A study conducted by the Colorado Futures Center at Colorado State University aimed to get to the bottom of how much the state can expect to collect in tax revenues now that marijuana is legal. By doing a little extra math, we can get a rough estimate for what the average marijuana enthusiast will spend annually as well. Researchers estimate [...]

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Medical Marijuana Will Create 1,500 Jobs in Arizona

May 13, 2013 at 9:04 am / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

When Arizona voters approved the use of medical marijuana in 2010, Steve Cottrell saw a way to combine his laboratory background and his interest in the plant he’d been studying since his 11-year-old son died of cancer more than a decade before. Cottrell is now the owner of AZ Med Testing, a medical marijuana testing laboratory in Tempe. Dispensaries pay Cottrell and his business partner, Brenda Perkins, to test marijuana samples for mold and pesticides. “We’re making money, but we [...]

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The Pot Business Suffers Growing Pains

April 24, 2013 at 8:15 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

Like any farmer, Elliott Klug understands the highs and lows of living off the land. But his crop requires a rigorous effort. To keep output going, it is harvested every week. It is also grown only indoors. And though you won’t find this tip in the Farmer’s Almanac, his workers believe that blaring Grateful Dead songs boosts productivity. “We were the bad guys,” says Mr. Klug, chief executive of Pink House Blooms, a 70-person operation that produces and sells marijuana [...]

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Arizona Study Says Medical Marijuana Will Create 1,500 Jobs

April 23, 2013 at 6:45 pm / Cannabis Events, Cannabis News, Cannabis Politics, Marijuana Legalization, Medical Marijuana

A new study says that an estimated 1,500 jobs will be created by Arizona’s new medical marijuana industry. Tim Hogan, a researcher with Arizona State University who wrote the study, said he used figures from Oregon’s established medical marijuana industry to estimate the size of Arizona’s market, reports Julia Shumway of Cronkite News Service. “It’s a pretty simple industry,” Hogan said. “There’s not too much nuance. The main driving mechanism is how many patients.” Hogan’s study, paid for by the Regulated [...]

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