Colorado Retail Marijuana Sales Finally Beat Medical

hough that amounts to a less than $1 million gap between retail and medical sales, this is a small victory for champions of legalization who have argued that the experiment will be profitable for the state, as revenues have lagged behind some expectations.

COLORADO:  Sales of legal retail marijuana have topped sales of medical marijuana in Colorado for the first time since the state’s recreational pot shops opened their doors on Jan. 1, according to tax figures released by the Colorado Department of Revenue. During the month of July, the state received $838,711 from a 2.9% tax on Read the full article…

Next Gen To Reschedule The Seattle GreenRush Financial Conference

“Basically, we’re the pickax manufacturer for the gold rush — or, in this case, the green rush."

CANADA : Next Gen Metals Inc. reports that due to numerous requests by both exhibitors and attendees to change the conference to a two day format, management has made a decision to postpone the Seattle GreenRush Financial Conference scheduled for September 23rd, 2014 to a later date. The company is actively seeking a suitable venue/date to Read the full article…

Utilities Struggle To Control Appetites In Energy-Hungry Marijuana Industry

"This has become a major issue with most of the regional utilities, now that we have legalized the recreational use of cannabis in this state. There is a huge new industry that's popping up, grow operations. They're getting as much as 200 watts per square foot of lighting power density, which is astronomical," he said. "How are they going to handle and manage this industry?"

WASHINGTON:  Kurt Nielsen is on a strange assignment, especially for a public employee. As the manager of the Lighting Design Lab, which is a spinoff of Seattle’s power company, he has been tasked with finding energy-efficient lights for the growing of marijuana. Most of the country’s legal cannabis farming, in Washington and Colorado, is happening Read the full article…

Who Will Become the Starbucks of Pot?

“Growers were coming up to me and asking, ‘How do we make ourselves different? Maybe we should come up with a logo and a name,’” Shuman reports. “The branding of cannabis doesn’t exist yet.”

NEW YORK: During a typical Fourth of July weekend, 1500 Esperanza St., a whitewashed deco warehouse in the Boyle Heights district of East Los Angeles, is deserted. But this year, a line snakes down the broken sidewalk out front and wraps around the bend of Union Pacific Avenue, as 4,000 people suffer the searing heat Read the full article…

Marijuana Delivery Startups Are Ready. The U.S. Government Is Not.

With new laws regulating the medical marijuana industry in Washington set to pass on Friday, pot entrepreneurs are re-thinking their business plans.

WASHINGTON: Canary, a new startup that offers on-demand marijuana delivery, recently launched with the tagline “Prohibition is over.” The startup’s webpage advertises 24/7 availability for pot in Colorado and Washington, where state legislatures recently legalized the sale of recreational marijuana. The site teases a sleek, simple app for ordering, available for both iPhone and Android devices; knowledgeable Read the full article…

Cheeba Chews Production Halted By CO Marijuana License Denial

Cheeba Chews' case also exposes a blind spot in the state's regulation of edibles companies: By licensing out production, owners effectively can skirt the scrutiny that others in the business face, including criminal background checks and Colorado residency requirements.

COLORADO:  Cheeba Chews began as an experiment in a home kitchen and grew into one of the biggest successes of Colorado’s medical marijuana industry, winning awards and attracting fans with the promise of being “potent, consistent and discreet.” Then, last spring, the medicated chocolate taffy began disappearing from shelves. There was no public explanation other Read the full article…

The Fast Rise Of Marijuana ‘Schools’

Many scientists in the United States would love to do experiments using pot, like the ones done in California, but it's been incredibly difficult to study because it is classified as a Schedule 1 drug.

I just want to say one word to you. Just one word: pot. Yes, it almost harks back to a classic scene in “The Graduate.” A growing number of schools offering courses in all things weed-related are trying to pull young people with the promise of newly created jobs in the booming medical marijuana field. Read the full article…

NORML Launches Better Business Bureau Of Marijuana

NORML has announced the launch of the marijuana industry’s equivalent of the Better Business Bureau -- it is called the NORML Business Network.

DISTRICT OF COLUMBIA: With the advent of the commercial cannabis market in Colorado and Washington, it is readily apparent that the business of marijuana, which has grown from the black market streets of America into a legitimate and thriving community-oriented industry, is bound only by the limitations designated by the federal government. In just seven months, regulated pot commerce Read the full article…

CCSE Hosts Banking, Taxes & 280E Industry Panel On July 24th

The Coalition for Cannabis Standards and Ethics (CCSE), a 501(c)(6) nonprofit, will be hosting a panel discussion on financial issues affecting the Washington cannabis industry on Thursday, July 24th from 5:30pm - 7:30pm, followed by a one-hour mixer.

WASHINGTON: Federal tax code 280E is the single largest hurdle for any entrepreneur attempting to create a sustainable Cannabis business. Although the sale of marijuana is legal in several states, it remains illegal under federal law, and Revenue Code 280E bans most deductions and tax credits given to businesses selling Schedule I and II controlled Read the full article…

Former New Mexico Governor Gary Johnson Named Pot Company CEO

Cannabis Sativa Inc hires former New Mexico Gov

NEW MEXICO: A Nevada-based startup that plans on selling medical and recreational marijuana products named former New Mexico governor and U.S. Libertarian presidential candidate Gary Johnson as its CEO and president, the company announced Tuesday. The announcement came as Cannabis Sativa Inc. said it had acquired marijuana research business Kush while company officials work to navigate Read the full article…