Weed Business Ownership Still Hidden In Haze Of Smoke

Weed businesses that scored licenses to grow in Illinois are looking for investors.

ILLINOIS:  Want a stake in the medical marijuana business but missed out on getting a coveted state license? You might not be too late. Weed businesses that scored licenses to grow in Illinois are looking for investors. But if the chance to get in on the ground floor of what’s already a $2.7 billion industry Read the full article…

Appeal: Pot-Derived Assets Should Be Protected In Bankruptcy

A new court filing says the federal government cannot passively allow a billion-dollar marijuana industry to flourish and then later deny its participants bankruptcy protection.

COLORADO:  The federal government cannot passively allow a billion-dollar marijuana industry to flourish by not prosecuting certain crimes and then later deny its participants bankruptcy protection, a new court filing says. By refusing to allow marijuana-derived assets to be protected in bankruptcy in the same way other assets are, the government is passively prosecuting the Read the full article…

Hundreds Meet To Learn More About Medical Marijuana Manufacture

MJBA held its monthly Seattle meetups at Magial Butter Studios in SODO

MINNESOTA:  Hundreds of would-be marijuana entrepreneurs crowded into an auditorium Friday morning to learn more about the Health Department‘s plans for regulating the state’s new medical cannabis industry. More than 200 people pre-registered for the event and even more showed up at the door, packing an auditorium at the Minnesota History Center. Over the next Read the full article…

Canada Is Primed To Be A Global Example For Medical Marijuana

The Canadian companies are in a race to raise money to build facilities, attract patients and grab shares in a market projected to grow to C$1.3 billion ($1.20 billion) in the next 10 years.

CANADA: By unlocking the once-obscure medical marijuana market, Canada has created a fast-growing, profitable and federally regulated industry with a distinct appeal to the more daring global investor. About a dozen producers of the drug will find themselves in the spotlight this year as they consider going public or prepare to so through share sales or Read the full article…

Clark County Nevada Selects 18 Applicants For Medical Pot Licenses

Commissioners want to spread dispensaries across seven regions in the county and place those businesses in heavily populated areas.

NEVADA:  Following three days of hearings and a lengthy voting process, the number has been reversed. The Clark County Commission on Friday narrowed a list of 81 applicants for medical marijuana dispensaries to 18. Voting took three hours, but for the applicants, the process started months ago. Over the last three days, each applicant had Read the full article…

Marijuana Is New (Legal) Cash Crop in Connecticut

"We aren't just growing plants in a warehouse," said David Lipton, the founder of Advanced Grow Labs in West Haven. The company is spending $2.5 million to retrofit a portion of a 62,000-square-foot building where it is the primary tenant. "We really are like a startup pharmaceutical company."

CONNECTICUT:  Across Connecticut, growers are cultivating marijuana for medical use in buildings with the exacting standards of pharmaceutical factories. Employees reporting for work at some plants will be required to change into scrubs. Then, they will pass through a room that will emit blasts of air to remove contaminants brought in from the outside. Computers Read the full article…

Canada Vending Machines Pop Out Marijuana

T Washington state Senate has passed a bill to forbid selling marijuana through a drive-through window or in a vending machine.

CANADA: The vending machines at a Vancouver storefront look ordinary — but instead of spitting out gum or snacks, for a few coins they deliver medical marijuana. For Can$4, the brightly lit “gumball” machine drops a plastic ball filled with the so-called “Cotton Candy” variety of the drug. The “Purple Kush” option costs Can$6. But Read the full article…

Marijuana Businesses May Have Trouble Finding A Bank

The same federal government that regulates banking transactions also says selling marijuana is a crime, so people who open medical marijuana businesses in Clark County, for the most part can't get the banks to do any business with them.

NEVADA:  It’s a budding business in Nevada that will bring in big time money. Even though medical marijuana is legal under Nevada law, most banks steer clear of these all-cash operations. So where will their owners store their money, when they open shop in Clark County? The same federal government that regulates banking transactions also Read the full article…

Medical Marijuana Center In NJ Says Business Is Booming, And That’s Just To Start

t’s been a booming first six months. Compassionate Care Foundation’s CEO, Bill Thomas, said it is looking to build a second indoor growing facility at its secure site, significantly increasing the volume of marijuana it can produce.

NEW JERSEY:  South Jersey’s first medical marijuana facility began accepting patients in an isolated industrial park near the Atlantic County landfill in Egg Harbor Township on Oct. 28. It’s been a booming first six months. Compassionate Care Foundation’s CEO, Bill Thomas, said it is looking to build a second indoor growing facility at its secure Read the full article…

Marijuana Nonprofit Aims To Build Green Dispensary In Pittsfield, MA

Manna Wellness' Julia Germaine and Nial DeMena spoke Wednesday about their plans for a medical marijuana dispensary in Pittsfield.

MASSACHUSETTS: The limited use of medical marijuana approved by Massachusetts voters nearly one year ago will soon be a clinical reality, and one new firm with local roots is looking to become the face of this new industry in the Berkshires.