Tag: cannabis consulting

21
Jun

Today in Cannabis

Posted by / Cannabis News

Ambiguity in cannabis laws causes confusion for Colorado businesses. Legal purchasing begs the question, where exactly can consumers smoke?

(http://www.forbes.com/sites/jacobsullum/2014/06/19/colorados-cannabis-conundrum-marijuana-everywhere-but-nowhere-to-smoke-it/)

The crime rate in Denver has significantly declined since legalization. Still, robberies target dispensaries due to large amounts of cash on the shops’ premises. Since cannabis is still federally illegal, the new outcry of injustice is directed at the Federal Reserve. Once cannabis commerce is embraced federally, there will be much less incentive for these crimes.

(http://denver.cbslocal.com/2014/05/12/marijuana-industry-skeptical-of-banking-bill-beefs-up-security/)

 

As cannabis commerce grows exponentially, ancillary business opportunities naturally appear. Food safety has been the talk recently; as the edible industry gains popularity, people want to know more about how products are infused and where ingredients come from…beyond the medicine they contain.

(http://www.chron.com/news/us/article/Food-safety-a-new-frontier-for-legal-pot-5567412.php)

 

 

09
Jun

Co-Ops for Grow-Ops

Posted by / Cannabis News

As cannabis is still only legal in 22 states and the District of Columbia, federal banks have avoided dealing with cannabis businesses in order to stay out of federal courtrooms. This is one of the industry’s largest pitfalls; the lack of financial regulation, combined with the (now federally-recognized) tolerance of the industry, has fostered circumstances which leave much to the imagination about how cash is handled once transactions are complete.

The ultimate solution is still up for debate, however the first break for establishments in CO was signed into law by Governor John Hickenlooper on Friday: HB 1398. The bill allows for the formation of what it refers to as “marijuana financial service cooperatives” or “credit co-ops”. Dispensaries currently operating as cash-only businesses, suffer due to increased costs of business and risk for criminal activity (due to “large amounts of cash on the premises”).

(http://www.cbsnews.com/news/colorado-agrees-to-cannabis-credit-co-ops/)

07
Jun

Today in Cannabis

Posted by / Cannabis News

My Compassion, a nonprofit organization, prepares for the Chicago Cannabis Conference on Navy Pier this weekend. The first conference of its kind, speakers include: state representatives, doctors, lawyers, and industry professionals advocating the forward movement of responsibility and professionalism in a previously forbidden realm.

(http://www.chicagotribune.com/news/local/breaking/chi-cannabis-conference-at-navy-pier-this-weekend-20140606,0,981239.story)

The UK-based GW pharmaceuticals has announced plans to implement their product Epidiolex in US markets. Epidiolex is a cannabidiol (CBD) extract used to treat childhood epilepsy resulting from Dravet syndrome. Currently, Epidiolex is in use by only seven patients in the US under unique legal circumstances. As of today, the United States’ FDA has approved Epidiolex for “fast track designation”, which expedites the availability of breakthrough treatments.

(http://www.telegraph.co.uk/finance/newsbysector/pharmaceuticalsandchemicals/10880133/GW-Pharmaceuticals-cannabis-based-drug-Epidiolex-to-be-fast-tracked-in-US.html)

 

 

04
Jun

Today in Cannabis

Posted by / Cannabis News

As the popularity of infused products continues to grow, it was only a matter of time before cannabis made its way into the coffee world. It appears the day has arrived, as a Washington man announces plans to launch a business producing coffee that is a cold-pressed cannabis infusion.

http://www.oregonlive.com/marijuana/index.ssf/2014/06/marijuana_news_washington_entr.html

29
May

Press Release: Green Labs Featured in High Times!

Posted by / Green Labs

6693331_5_02Check out our recent post in High Times:

‘Cannabusiness Incubator Helps Pot Startups‘ (by Mike Adams)

29
May

Redefining ‘Essential’ Oils

Posted by / Cannabis News

Colorado continues to lead the charge in medical advancement related to non-psychoactive components of the cannabis plant; cases such as those of Charlotte Figi  (pictured above) have inspired action elsewhere in the country.

North Carolina Governor Pat McElraft proposed a bill Tuesday: “Hope 4 Haley and Friends” (H.B. 1220). This legislation would allow medical regulation of CBD (an essential oil naturally occurring in cannabis resin glands) in the Tar Heel state, for children suffering from severe seizure-causing disorders. Despite her anti-legalization perspective, the Republican Governor boldly advocates this bill; for North Carolinians without the resources to pick up and move to a medical state such as Colorado, H.B. 1220 is currently the only ray of hope as far as obtaining legal and regulated medicine that could potentially save children’s lives.

 

28
May

Back on Schedule

Posted by / Cannabis News

Virginia congressman Morgan Griffith presented HR 4498 earlier this month. “The Legitimate Use of Medicinal Marijuana Act” aims to federally reclassify cannabis from Schedule I to II. Before considering the disproportion related to legal consequence, only substances which have no medical value are placed under Schedule I; the key to this bill is security for medical establishments on a federal level.

21
May

Cannabis Delivery

Posted by / Cannabis News

To-the-door cannabis delivery is taking off in the US. Elsewhere around the globe, convenient delivery service isn’t so well received; BBC news reported that a woman in New Zealand phoned authorities after her cat dropped an unusual package at her door…

 

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