Search Results: profit (532)

There are abundant examples of celebrities trying to profit off legal cannabis while the less famous sit behind bars, but some of the OGs of cannabis culture are putting their money where their mouths are. Eric Rachmany, guitarist and singer for Rebelution, is using his national solo tour as a way to raise awareness and money for those imprisoned for cannabis charges.

Proceeds from Rachmany’s concert at Summit Music Hall on Friday, November 29, will benefit the Last Prisoner Project, a nonprofit that helps cannabis offenders apply for clemency, clear their records and re-enter society — sometimes as members of the pot industry. We caught up with Rachmany to learn more about the cause, his connection to cannabis and some of his own close calls while touring.

Many young cannabis entrepreneurs and companies are nurtured by Colorado’s pot-industry incubators, but nonprofits that focus on the plant haven’t received anywhere near the same attention.

Filing for federal tax-exempt status for a cannabis-related nonprofit tends to scare a lot of people away, so nonprofits haven’t seen the same windfall as cannabis entities in other sectors. The regulatory worries don’t end there, either, thanks to laws banning cannabis samples and consumption at public events and other strict regulations unique to legal pot. Even in Denver, pot nonprofits struggle to find a safe space in which to operate and grow.

GoToVan via Flickr31

Canadian weed?

It’s supposed to be pretty good.

But Arizona medical marijuana?

Super profitable.

Ask the people from a Toronto firm who recently announced the “acquisition” — with caveats and disclaimers — of two Mesa dispensaries.

The $27 million deal also includes one of the state’s biggest cannabis-extracts brands and an option to control a cultivation and wholesale business in Nevada, where voters legalized recreational marijuana in November.

Yesterday, the Supreme Court OK’d the language in a proposed ballot initiative, so Florida voters this November will get to vote on whether or not to legalize medical marijuana.
Surely, stoners compassionate medical professionals are going are going to come out in full force to vote this thing through and see that weed is enshrined in the state constitution. (I can’t believe this is happening in my lifetime! Black president and weed in the constitution!)
So, next question: Who will profit? Broward-Palm Beach New Times has the full story.

Chronic Fatigue

In a Recent Letter, the Originator of SB 420 Clarifies That Medical Cannabis Providers Can Make a Profit. 
By Robert A. Raich
There is a widely held misperception that businesses in the California medical cannabis industry are prohibited from making a profit.  In reality, no California law prohibits cannabis-related businesses from making a profit.
Opponents of medical cannabis, however, have done a masterful job of spreading disinformation since SB 420 was signed into law in 2003. That disinformation has become so prevalent that it is affecting safe access to medical cannabis by patients around the state and has prompted retired state Senator John Vasconcellos to release a letter [PDF] debunking the widely held misinterpretation that profit is not permitted for medical cannabis providers under California law.

Photo: Mission Local

​San Francisco Assemblyman Tom Ammiano wants to propose an “omnibus cannabis bill” to better oversee California’s booming medical marijuana industry, which the attorney general’s guidelines so far have dictated must be nonprofit.

According to Ammiano, the radically different approaches to dispensaries — which are welcomed in some cities, but raided in others — shows the need for clear, statewide regulations to create a more “cohesive response.”

“Don’t worry, L.A. pot-shop owners,” writes Dennis Romero at LA Weekly. “It sounds like what he wants to do is regulate it as-is — codify its status as a business and forget this nonprofit b.s. Maybe.”

Graphic: Green Hit Shirts

​Green Hit Shirts has announced that 100 percent of profits from the sales of its latest t-shirt design will be donated to Law Enforcement Against Prohibition (LEAP) to help in their efforts to bring awareness to the issue of cannabis regulation.

The title of the latest t-shirt design is OMG LEGALIZE WTF.
LEAP is dedicated to ending prohibition and reducing the harms associated with all drug abuse. The organization is made up of 13,000 current and former members of law enforcement, including Drug Enforcement Administration (DEA) agents.

Graphic: The Portland Mercury

​I know, I know. “It’s all about the money.” But are there no depths to which the anti-Prop 19 people — i.e., a few greedy growers and dispensary owners and their friends in law enforcement — won’t sink?
Just today, I saw that some obnoxious moron calling himself “Rtg Cel” on Facebook had even trumpeted the supposed “dangers” of stoned workers on the job as a reason to vote against Prop 19 legalization.
Surely he knows better. Marijuana users are typically among the safest, most bust-ass, least complaining employees in the workplace.
But what does truth matter, when profits are at stake?
Way to show your true colors, “Rtg Cel.” Way to fall into line with your prohibitionist allies.

Photo: BusinessBroker.net
Maine’s new voter-approved medical marijuana dispensaries are expected to make cannabis more accessible to disabled and ill patients — but making it reasonably priced may be another matter.

​Concerns about affordability are arising as the state’s state-licensed dispensary operators have set their prices high, in what they claim is an effort to prevent resale on the streets.

The newly licensed dispensaries in Maine have revealed they plan to sell their cannabis for $300 to $400 an ounce, comparable to California dispensary prices, reports John Richardson at The Portland Press Herald.

Most hemp farmers across the country got a big boost when the United States Department of Agriculture released its first round of industrial hemp regulations earlier this week; the new rules took effect today, October 31.

“I applaud the USDA for moving forward on hemp rulemaking and recognizing hemp production as an agricultural activity,” Senator Cory Gardner said in a statement after the regulations were announced. “Legalized hemp has the potential to be a major boon to agricultural communities across Colorado, giving farmers another viable and profitable option for their fields.”

But for farmers in states like Colorado, where hemp has been an established crop for almost five years, the new rules might not seem so progressive.

1 2 3 54