MJ Research Report: Washington’s Average Daily Pot Sales Jump To $1.21M For April

Washington set a new record single day sales with $1.84M in Sales on May 1st.

By Joe Armes WASHINGTON: Legal marijuana sales in Washington State broke the $1M per day mark in April, averaging daily sales of $1.21M.  The expanding commercial market reached this milestone on track with Analytically Correct’s predictions. Here are a few additional key insights from the forecast: Washington set a new record single day sales with $1.84M in Read the full article…

The Growth of Marijuana Business Media

(CBT) is the up-and-comer on the marijuana B2B media beat, started last year by Tim Hermes, a B2B publishing veteran.

OHIO:  The first trade magazine I launched, Paraphernalia & Accessories Digest, served the headshop industry. I had cofounded High Times four years earlier, by then a resoundingly successful consumer magazine. The market the Digest covered included record stores and boutiques which sold lifestyle items like incense, blacklight posters, and underground comix in addition to their primary Read the full article…

Cannabis Freedom March In Seattle Is Saturday May 9th

The Cannabis Freedom March is Sat May 8th 11am-7pm

WASHINGTON: Medical marijuana is undergoing a sea change in Washington State after Governor Inslee signed SB 5052 into law, officially putting the state’s unregulated mmj dispensary system under the oversight of the LCB (Liquor and Cannabis Board) and integrating it into the I-502 recreational marijuana regulatory scheme. Hundreds of cannabis activists and community supporters are expected to Read the full article…

The Dream Of Marijuana Business Is Alive In Portland

TwiceBakedinWA speaks to an audience of cannabis entrepreneurs at Portland MJBA Meetup.

By TwicebakedinWA OREGON: Yesterday I traveled with the Marijuana Business Association to Portland, OR where about 75 local cannabis entrepreneurs gathered at the Lucky Labrador for the monthly MJBA Meetup. It would appear that the dream of running a marijuana business in Portland is alive and strong. The diverse group of business professionals who came out were Read the full article…

Chase Closes Accounts Of Pot Entrepreneur Martin Tobias

"We are closely following federal guidance on this matter," she said, explaining that the bank doesn't work with marijuana businesses. "If we find out that someone is in the business after they have already been banking with us, then we take steps to close that account."

WASHINGTON: After more than 20 years of banking with JPMorgan Chase, former Microsoft executive and marijuana entrepreneur Martin Tobias saw his business and personal accounts terminated this week. Chase spokeswoman Patricia Wexler confirmed that both of Tobias’s accounts have been shut down, but as policy she would not give more details about his case. “We are closely following federal Read the full article…

The 280e Cannabis Conundrum

The legalized marijuana business is likely to hit $10 billion in 2015 alone.

By  Keith Richards  If you are in the Cannabis industry and are not already familiar with IRS Code section 280e, then you are likely going to face a rude awakening this tax season.  Even with all the noise about this issue, it is still surprising to find operators that are not paying attention to some basic Read the full article…

High Tea And The Science Of Pot

Tuesday's cannabis tour began at Green Lion Farms, a medical marijuana collective. In addition to medical marijuana plants, Green Lion Farms also processes medical marijuana from other collectives, including making oils.

BY Joy Blackburn (Special/Investigative Reporter), Virgin Island Daily News WASHINGTON: It was a full day of gathering information about legalizing marijuana. In a whirlwind tour, a group from the Virgin Islands visited various marijuana industry facilities – including recreational pot shops and a medicinal marijuana processing facility – and attended a “high” tea with a cannabis Read the full article…

High Tea And The Science Of Pot

In a whirlwind tour, a group from the Virgin Islands visited various marijuana industry facilities in Washington State this week.

WASHINGTON:  It was a full day of gathering information about legalizing marijuana. In a whirlwind tour, a group from the Virgin Islands visited various marijuana industry facilities – including recreational pot shops and a medicinal marijuana processing facility – and attended a “high” tea with a cannabis industry trade group in Washington on Tuesday. There Read the full article…

MJBA Week In Weed: April 9, 2015

Week In Weed with David Rheins and TwiceBakedinWA

By TwicebakedinWA WASHINGTON: Spring is in full effect at Marijuana Business Association headquarters as we entertain upcoming events in the cannabis industry.  With a Meetup in Denver, NCIA policy meeting, and retail pot shops opening in the neighborhood, it promises to be a full week. There is much anticipation building for next week where MJBA will Read the full article…

Witnessing The Birth of An Industry: MJBA CEO David Rheins Looks Back At 2014

It's been an amazing year for  the legal cannabis industry and the MJBA.

By David Rheins  2014 has been an amazing year for those of us on the front lines of the legal cannabis movement. Thanks to the support of the now 300+ cannabis business members, dozens of sponsors and thousands of supporters, the b2b trade group I run, Marijuana Business Association (MJBA), has grown rapidly.  We’ve been Read the full article…