Tag Archives: Cannabis News Daily

DPA Report: NY Medical Cannabis Program Hard to Access

The Drug Policy Alliance issued a report saying patients and caregivers in New York State face significant obstacles to obtain medical marijuana because of geographic barriers, high product costs, and a dearth of physicians certified to recommend MMJ.

The findings raise questions about the viability of New York’s medical cannabis industry as it’s currently structured, and whether MMJ prices will need to fall. The program was launched in January.

DPA and Compassionate Care NY, the state’s largest grassroots organization of patients and caregivers, surveyed 255 people who had sought to access the state’s MMJ program.

More than three-quarters of

DPA Report: NY Medical Cannabis Program Hard to Access is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
DPA Report: NY Medical Cannabis Program Hard to Access
A leading source of financial, legal and other business news for the cannabis industry
 
 

Hawaii Marijuana Activist Sues to Stop Dispensaries

A longtime cannabis activist in Hawaii has filed suit in U.S. District Court in an attempt to stop state-licensed medical marijuana dispensaries from opening later this year.

The suit is the brainchild of activist Mike Ruggles, who also faces criminal charges for illegally selling cannabis through a now-defunct MMJ collective, West Hawaii Today reported. Ruggles’ suit argues that the dispensary system violates federal law, and should therefore be overturned.

He also takes issue with the state system because it phases out the current caregiver system – in which caregivers can grow medical cannabis – and eventually will require MMJ

Hawaii Marijuana Activist Sues to Stop Dispensaries is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Hawaii Marijuana Activist Sues to Stop Dispensaries
A leading source of financial, legal and other business news for the cannabis industry
 
 

Group Asks DEA to Make It Easier to Grow Hemp

A group of entrepreneurs, a former United States Attorney, farmers, state legislators, scientists, and environmentalists have petitioned the U.S. Drug Enforcement Agency to change its definition of marijuana to make it easier to grow a wider variety of industrial hemp plants.

The current DEA definition of marijuana is too broad, and wrongly includes hemp, said Andy Kerr, one of the petition authors and a founding board member of the North American Industrial Hemp Council.

Specifically, the DEA prohibits cultivation of any plant belonging to the cannabis sativa family, which includes marijuana and hemp. The latter isn’t an intoxicant and so

Group Asks DEA to Make It Easier to Grow Hemp is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Group Asks DEA to Make It Easier to Grow Hemp
A leading source of financial, legal and other business news for the cannabis industry
 
 

Can the CEO of Texas Cannabis Soften the State’s Approach to Pot?

Patrick Moran, CEO of Texas Cannabis, plans to turn the former cotton gin in Gunter into a facility to produce cannabis oil.Mark Graham

Patrick Moran, CEO of Texas Cannabis, plans to turn the former cotton gin in Gunter into a facility to produce cannabis oil.

The old cotton gin on the west edge of Gunter seems an odd place to launch an economic boom. A breeze blows through broken windows and holes in its rusting, corrugated metal walls. Inside, a half-dozen or so squat machines that once separated cotton from seed sit corroding in a jumble of elevated metal walkways and busted machinery. Fistfuls of cotton, blackened by age and dirt, still rest in their bins.

High above, a buzzard ruffles its wings from its perch on the edge of a gaping hole in the roof. Visitors have driven it from the eggs it’s brooding in a tin flue near the gin’s floor, so Patrick Thomas Moran urges his guests to step outside.

“We don’t want to disturb the mamma buzzard,” he says.

A buzzard setting up a nursery on a factory’s floor is generally a good sign that the time has come to call in the wrecking crew and start looking for greener pastures, but Moran has plans to relight this old gin with a new cash crop, even if he has to ruffle a few feathers. The CEO and managing partner of AcquiFlow LLC, which bills itself as “the first open, transparent and legal Texas-based cannabis company,” wants to strip out the old machinery and build a cannabis oil production facility inside the gin’s old shell.

For more on the state of marijuana in Texas, visit the Dallas Observer‘s full story.

The post Can the CEO of Texas Cannabis Soften the State’s Approach to Pot? appeared first on Toke of the Town.

Continue to source
Can the CEO of Texas Cannabis Soften the State’s Approach to Pot?
Marijuana and Cannibis News
 
 

Competing Medical Cannabis Measures in AR Could Fail

Two campaigns to legalize medical cannabis in Arkansas could wind up killing each other in November if both of them somehow qualify for the ballot.

“It will be enough to split the vote and both will fail,” one MMJ campaign manager told the Associated Press.

Arkansans have already rejected medical cannabis once before, in 2012, when 51% of voters shot down another statewide initiative.

This year, one proposed ballot measure – by Arkansans for Compassionate Care – needs 67,887 signatures by July 8. If successful, it would change state statute and legalize MMJ.

The second, supported by Little Rock

Competing Medical Cannabis Measures in AR Could Fail is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Competing Medical Cannabis Measures in AR Could Fail
A leading source of financial, legal and other business news for the cannabis industry
 
 

Vermont MMJ Dispensaries Expecting Big Jump in Patient Counts

By Omar Sacirbey

Vermont’s small medical marijuana industry could see its patient count more than double after the state added chronic pain to the list of conditions treatable with MMJ.

Medical cannabis businesses in the state are now weighing how best to ramp up production to meet the increased demand.

In addition to chronic pain, a new law – signed by Gov. Peter Shumlin on June 6 – adds glaucoma as well as hospice care patients to the list of qualifying conditions for medical cannabis. The state has three MMJ license holders operating four dispensaries and four cultivation sites.

“We

Vermont MMJ Dispensaries Expecting Big Jump in Patient Counts is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Vermont MMJ Dispensaries Expecting Big Jump in Patient Counts
A leading source of financial, legal and other business news for the cannabis industry
 
 

RI Cannabis Oil Firm Strikes Research Partnership

Two Rhode Island companies – a cannabis oil manufacturer and a biotech farm – are collaborating on tests to see if cannabis oils can be used to treat respiratory diseases.

The collaborative effort teams Providence-based Nature’s Comfort Meds, the cannabis oil maker, with Beech Tree Labs, which is developing therapies to treat pulmonary disease, fibrosis, brain injuries and other illnesses, according to a press release from Nature’s Comfort Meds. Providence-based Beech Tree also produces an over-the-counter dietary supplement for respiratory health, Mucolyxir, which is in its earliest stages.

A Beech Tree spokesman said it’s too early to know if the partnership

RI Cannabis Oil Firm Strikes Research Partnership is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
RI Cannabis Oil Firm Strikes Research Partnership
A leading source of financial, legal and other business news for the cannabis industry
 
 

Judge Forces Denver to Issue Rec Marijuana License

For perhaps the first time, a Colorado judge has ruled that a municipality erred in not granting a recreational marijuana business license to an entrepreneur.

According to Colorado Public Radio, Denver medical cannabis dispensary the Pig ‘N Whistle was granted a business permit to start selling adult-use marijuana only after a Denver district court judge sided with the owner, who had sued the city after being denied a recreational license.

The ruling could prove important for at least a half dozen other rec license applicants awaiting final approval from the city, CPR reported.

Initially, residents living near the the

Judge Forces Denver to Issue Rec Marijuana License is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Judge Forces Denver to Issue Rec Marijuana License
A leading source of financial, legal and other business news for the cannabis industry
 
 

Bank Nixes Marijuana Firm’s Crowdfunding Hopes

Crowdfunding may not be the simple solution that cash-starved marijuana start-ups can turn to for funding.

In May, the Securities and Exchange Commission implemented new rules permitting small businesses to raise up to $1 million annually through crowdfunding.

The move was hailed in the cannabis sector as a major breakthrough that would help entrepreneurs raise capital from individuals at a time when many banks are leery of conducting business with marijuana companies.

But it may not be that easy. Just ask NextRX, a cannabis-related software firm that launched a fundraising campaign on May 16 through StartEngine Crowdfunding in

Bank Nixes Marijuana Firm’s Crowdfunding Hopes is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Bank Nixes Marijuana Firm’s Crowdfunding Hopes
A leading source of financial, legal and other business news for the cannabis industry
 
 

Chart of the Week: Sales of Marijuana Concentrates, Edibles Surging in Colorado

By Marijuana Business Daily staff

Demand for cannabis concentrates and edibles is exploding in Colorado, offering a window into trends that will likely play out in the larger marijuana industry over time.

Retail sales of concentrates in the medical and recreational markets surged 125% in the first quarter of this year from the same period in 2015, according to BDS Analytics, which provides cannabis industry data based on point-of-sale information it gathers from retailers.

Edibles sales, meanwhile, rocketed 53%.

Those gains far outpace the 11% rise in sales of marijuana flower, showing that demand trends in Colorado’s cannabis industry

Chart of the Week: Sales of Marijuana Concentrates, Edibles Surging in Colorado is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Continue to source
Chart of the Week: Sales of Marijuana Concentrates, Edibles Surging in Colorado
A leading source of financial, legal and other business news for the cannabis industry