New Threat to Cannabis & Banking
Oct31

New Threat to Cannabis & Banking

Here's the latest in the effort to (not) allow cannabis to use the bank.   Hundreds of medical marijuana dispensaries and recreational shops across the country abruptly lost their cashless ATM accounts on Wednesday with no explanation, according to sources close to the situation. One insider told Marijuana Business Daily that at least 300 to 400 shops were affected, and he warned that the number could double in the next few days....

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A Step Backwards in Cali
Oct31

A Step Backwards in Cali

Just when it seems the ship of state has turned in the right direction, this.   The Drug Enforcement Administration raided a pair of medical marijuana dispensaries in Los Angeles on Thursday, executing a search warrant and confiscating money, cannabis and computers. Both dispensaries are owned by The Farmacy, with one location in Westwood and the other in West Hollywood. The Department of Justice did not disclose the reasons...

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Amsterdam vs. Denver: A Paradigm Shift in Cannabis Culture
Oct28

Amsterdam vs. Denver: A Paradigm Shift in Cannabis Culture

“Hey tart, how much for a shag?” It’s a Friday night in what has long been known as the mecca of cannabis culture—a group of ten shaved heads in Arsenal jerseys jeers and shouts drunken slurs at a prostitute in de Wallen, Amsterdam’s Red Light District. They may have flown here on budget Ryanair for the legal cannabis, but these boys from Britain on a bachelor party weekend have more alcohol in them than cannabis, rolled up and smoked...

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5 Surprising Reasons Stoners are Going Online
Oct27

5 Surprising Reasons Stoners are Going Online

After 44 years of prohibition, cannabis enthusiasts are on the search for stoner peers (sometimes hidden under corporate clothing). Old school smokers and newbies are eagerly exploring cannabis-centered social networks as a place to share ideas, explore dispensaries and spark innovation (without freaking out smoke-free friends or accidentally starting a legal weed debate).   Here at Cannabase, we love being the place where stoners...

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“High Profits” Cannabis Series on CNN
Oct27

“High Profits” Cannabis Series on CNN

Do you watch CNN?  Me neither.  That might change as this looks interesting.   In the newest CNN Original Series High Profits, viewers will meet Brian Rogers and Caitlin McGuire: two business-minded, dream seeking, relentless visionaries with a plan unlike any other – to franchise marijuana. The eight-part series, produced by Bat Bridge Entertainment, will grant exclusive access to the couple poised to be the first ever “moguls...

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A Bank 4 Cannabis?
Oct23

A Bank 4 Cannabis?

One of these days HMJ is going to be able to quit covering stories about cannabis and banking.  Maybe this is the first step on the road to that happy day.   Marijuana companies in Colorado could eventually have their very own bank if a publicly traded company has its way. The consulting firm Advanced Cannabis Solutions has filed a letter of intent to purchase a 15,000-square-foot former retail bank in Denver. It’s long-term...

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