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…

Rising Marijuana Sales Leave Pot Shops Flush With Cash They Can’t Deposit

MONEY AND MARIJUANA

OREGON:  Two months from now, on July 1, Oregon will become the fourth state to allow residents to legally purchase marijuana for recreational use. In anticipation of legalization, the governing body that will oversee marijuana licensing and sales is preparing for something unexpected: A huge influx of cold, hard cash. Legal marijuana in states like Read the full article…

Berkeley Marijuana Lab Raising Millions For U.S., Overseas Expansion

Steep Hill Announces $5M Limited Stock Offering

CALIFORNIA: Berkeley-based Steep Hill Labs Inc. is raising $5 million to expand into two states and Jamaica this year as well as pursue innovations in its testing equipment and genetics-related products. Steep Hill, which employs 30 people, generated $1.2 million in revenue in 2014 and has raised $4 million since its founding in 2008. The company Read the full article…

The Marijuana Industry And Its First Crossroads

http://mjnewsnetwork.com/?s=biotrack

Marijuana has come a long way in the United States since California launched its first-in-the-nation medical program 19 years ago. Today, 23 states and the District of Columbia have legalized cannabis to some degree, and public perception of the plant is clearly shifting. Medical marijuana is being used in treatment of a variety of illnesses Read the full article…

Is It Finally Time to Invest In Marijuana?

With the federal ban in place, it's not easy to invest in marijuana in the public markets.

DISTRICT OF COLUMBIA:  As public sentiment continues to shift in favor of marijuana legalization and more states legalize medical (and in some cases even recreational) marijuana, more people than ever are wondering whether now is the time to invest in marijuana. This interest persists despite the fact that the federal government bans both recreational and Read the full article…

Are Marijuana Regulations Weeding Out Family Farmers?

Now that cannabis is legal in the state the regulations are too onerous for family pot farms.

COLORADO:  Perry asked me not to use his last name. It wasn’t because of the plants in his basement — they’re perfectly legal now — but more out of garden-variety stoner’s paranoia. He worried some enemy might see his name in the news and come looking for him. Whatever — his identity isn’t important. It’s Read the full article…

Marijuana Industry Hosts Big, Three-Day Investor Summit In Denver

All were convinced that the ongoing legalization of marijuana has created an opportunity for people with a high tolerance for risk to make a killing.

COLORADO: The convention floor at Denver Airport’s Crowne Plaza this sunny Tuesday afternoon in April could be the trade show for any well-established industry — gray-haired execs in conservative suits mingling with office park dads in polos and fresh-out-of-college types in brand-emblazoned T-shirts. Only this is a new kind of business conference with a special Colorado Read the full article…

How To Brand, Market, And Sell Marijuana Without Breaking The Law

New packaging rules for marijuana edible products have forced companies to pull their products from the market and redesign the packaging to stay compliant.

COLORADO:  Earlier this year, Dixie Elixirs & Edibles, perhaps Colorado’s best-known cannabis brand, took its THC-infused drinks off the market. It had no choice. That’s because a couple of weeks later, on February 1, new packaging regulations for recreational marijuana edibles went into effect in the state and the screw top aluminum bottles were no longer compliant. Read the full article…

New Mexico Department of Health Awards Medical Cannabis Software Government Contract to BioTrackTHC

I commend the New Mexico Department of Health on its comprehensive RFP process in securing the right technology and team for the state's needs," said Steven Siegel, CEO, BioTrackTHC.

NEW MEXICO: The New Mexico Department of Health’s Medical Cannabis Program has awarded BioTrackTHC™, a division of Bio-Tech Medical Software, Inc., a contract for the provision and deployment of an integrated patient and provider tracking software application. This award makes BioTrackTHC the cannabis industry’s first company with marijuana regulatory technology contracts in two states, following the 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…