Cannabis Still Can’t Open a Bank Account
Jan28

Cannabis Still Can’t Open a Bank Account

The banking system is not going to relent until the Feds get cannabis off Schedule One. Your turn to step up to the teller.       Just 105 banks and credit unions service companies that sell cannabis, an official with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said in a recent speech. While that number is higher than many industry insiders expected, it’s still miniscule considering...

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Washington’s Top Rec Shop
Jan28

Washington’s Top Rec Shop

Which location is tops in recreational cannabis sales in Washington?  It turns out to be . . .   The highest-grossing retail marijuana shop in Washington State is located just a few miles from the border with Oregon, which is in the process of setting up its own recreational cannabis industry. The New Vansterdam retail store – in Vancouver, Washington – recorded $3.2 million sales from the start of legalized rec in July through...

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“Wine Club 4 Cannabis”
Jan27

“Wine Club 4 Cannabis”

Here's another new idea out of California -- a "wine club for cannabis." A subscription-based startup that sends different strains of marijuana to its customers each month has recently debuted in California. Dane Pieri launched San Francisco-based "Marvina" last November. He said his company is like a "wine club for cannabis," in which each of its subscribers receive a monthly shipment of three or four different strains of marijuana...

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Alaskan Resistance to Re-Legalization
Jan27

Alaskan Resistance to Re-Legalization

Alaska voted to re-legalize last November.  It's complicated.   Alaska’s capital is tapping the brakes on recreational marijuana. Lawmakers in Juneau have passed a local ordinance that bans cannabis businesses from opening until at least Oct. 19. It’s more a symbolic move than anything. Marijuana companies likely wouldn’t be able to launch before then anyway, as Alaska’s rec law gives the state until late November to craft rules...

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Re-Legalizing the East Coast
Jan22

Re-Legalizing the East Coast

Okay, Vermont is not strictly speaking on the coast, but you get the idea.    Legalizing recreational marijuana production, distribution and possession in Vermont could generate significant tax revenues, but also involves costs and important decisions about how best to regulate the substance, according to a new RAND Corporation study. The report makes clear that if Vermont chooses to remove its prohibition on producing and...

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Cannabis Investment Seminar in April
Jan21

Cannabis Investment Seminar in April

Here's another indication of cannabis' restored respectability -- a cannabis investment seminar, in April, in Denver.   “Investors have a unique opportunity to shape a frontier market,” said David Friedman, Publisher of MJINews.com. “We’ve designed the Summit and its corresponding investor and entrepreneur boot camps to help investors understand the risks and rewards of investing in legal marijuana and to help them make informed...

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