MJ Research Report: Washington Hits First $1M Day for Legal, Recreational Cannabis Sales

The two weeks with most sales occurred in November.  The week of November 2nd (includes the 6th) is the largest sales week so far with over $4M in sales and the week of November 23rd is the 2nd largest with over $3.6M in sales.

By Joe Armes WASHINGTON: On Wednesday, November 26th the state of Washington achieved a milestone the industry has been anticipating for months; the first time single-day recreational cannabis transactions (producer, processor and retail sales) broke the one million dollar barrier.  Given this milestone was achieved with 75 retail stores in operation, we can anticipate that Read the full article…

Marijuana’s Promise Of Profit Remains Elusive (For Now)

Those trials are all ongoing, so investors will need to rely on past trial data to make judgments on whether or not the market demand for GW Pharma's medicine will justify the company's $1.27 billion market cap.

NEW YORK: Excitement surrounding medical marijuana led to a significant run-up in GW Pharmaceuticals‘ share price earlier this year, but based on the company’s recently announced quarterly and fiscal full-year earnings results, the promise of marijuana profit remains far off in the distance. Planning for the future That’s because GW Pharma has only one marketed marijuana derived therapy, Read the full article…

IRS Advisory Council OKs Marijuana-related Businesses For Accountants

"With over 20 states allowing medical marijuana and now states beginning to legalize recreational marijuana, this industry needs qualified, ethical professionals to help them fulfill their income tax obligations." IRSAC concluded, "...tax professionals need reassurance regarding their own roles in giving tax advice to and preparing tax returns for such businesses."

DISTRICT OF COLUMBIA: On Wednesday the IRS Advisory Council (IRSAC) released a report making a number of observations and recommendations to the Internal Revenue Service and federal policy makers relating to the need for greater latitude and legal protections (under the current federal anti-marijuana laws) for tax professionals who choose to work for clients who are in Read the full article…

Family of Bob Marley and Privateer Holdings Unveil World’s First Global Cannabis Brand – Marley Natural

“My dad would be so happy to see people understanding the healing power of the herb,” said Cedella Marley, Bob’s daughter. “He viewed the herb as something spiritual that could awaken our well-being, deepen our reflection, connect us to nature and liberate our creativity. Marley Natural is an authentic way to honor his legacy by adding his voice to the conversation about cannabis and helping end the social harms caused by prohibition.”

WASHINGTON: Today Privateer Holdings announced the creation of Marley Natural, the world’s first global cannabis brand. Privateer Holdings is the world’s first private equity firm investing exclusively in the legal cannabis industry. Marley Natural will offer premium cannabis products that honor the life and legacy of Bob Marley as well as his belief in the benefits Read the full article…

Get High, Train Harder

JUST AS ENDORPHINS HELP YOU PUSH THROUGH AN INTENSE WORKOUT, THESE ENDOCANNABINOIDS COULD INCREASE YOUR PAIN THRESHOLD TO DO THE SAME.

Marijuana as a Performance-Enhancer Four to six times a week, elite triathlete Clifford Drusinsky wakes up at 3 AM to train. But before he sets out, he opts not for a sports drink but for 20 milligrams of THC in a marijuana energy bar. By the time it kicks in, 30 minutes later, he’s started an Read the full article…

Local Opposition to Washington’s Legal Marijuana Businesses Is a Taxing Issue For the Fledgling Industry

With Oregon's recreational market about to come online, the bill could have particular implications for border counties such as Clark County.

WASHINGTON: The great experiment in the state of Washington to legalize the sale of marijuana through a regulated and taxed market has hit a hitch at the local level that threatens to slow progress to a snail’s pace, even as more and more marijuana businesses obtain the state licensing needed to open their doors. Through early Read the full article…

Marijuana Business Association (MJBA) Founder to Provide Valuable Guidance for WeedHire & Cannabis Industry

"This partnership makes sense as we share the same ideals as the MJBA which is to establish integrity and legitimacy, create common market standards, provide market intelligence, and develop best ethical business practices for participants in the emerging legal marijuana industry - including commercial hemp, medical marijuana and recreational marijuana for adults. David's commitment to the betterment of the industry is un-parallel in his work within the MJBA." Bernstein added.

NEW JERSEY:  WeedHire today announced that it has selected David Rheins as a member of its Cannabis Industry Advisory Board. David Rheins is founder of the Marijuana Business Association (MJBA). The MJBA a.k.a. “Chamber of Commerce of Cannabis”­ provides intelligence, ethical business practices and networking for participants in the legal marijuana, mmj and hemp industries. Read the full article…

Colorado Health Officials Walk Back Proposed Weed-Edibles Ban, Hours After It Goes Public

Marijuana edibles -- food and beverage products infused with compounds derived from marijuana, such as THC or CBD -- have been under fire following two high-profile deaths that may have been linked to the treats.

COLORADO: Colorado health officials on Monday backtracked on their call to ban almost all recreational marijuana edibles in the state, just hours after their recommendation for such a prohibition surfaced publicly. The Colorado Department of Public Health and Environment backed away from its recommendation for a ban after outraged marijuana industry representatives argued that state voters made Read the full article…

Colorado Marijuana Revenues Hit A New High

COLORADO MJ REVENUE CHART

COLORADO:  New figures from the Colorado Department of Revenue show that recreational marijuana sales continued to climb in August, the most recent month for which data are available. Recreational sales totaled approximately $34.1 million in August, up from $29.3 million the previous month. Medical marijuana also jumped sharply in August, after several months of flat or declining Read the full article…

NYC Hosts Medical Marijuana Expo As State Ramps Up For Legalization

It is “the early stages of what is going to be not just a public health policy shift for New York state, but the creation of a new and emerging industry,”Savino, D-Staten Island/Brooklyn, told WCBS 880’s Jim Smith.

NEW YORK: New York state lawmakers and advocates of medical marijuana gathered in New York City on Sunday to discuss the implementation of a new state law authorizing medical marijuana. The event drew potential patients, policymakers and hundreds of people interested in working in the new medical marijuana industry. State lawmakers voted this year to make New Read the full article…