Search Results: deal/ (4)

marijuana-money-credit-paul-geilfuss-Shutterstock.com-1200Paul Geilfuss / Shutterstock.com

The stigma is shrinking and the money is growing.

The following is excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.

Private equity investment in weed is heating up. Canadian MED company Organigram raised $17.5M. Denver’s Baker Technologies, a software company which helps dispensaries win and retain customers, raised $1.6M. The industry’s average seed round is $1M according to investment firm Poseidon Asset Management.

Commodities investor Jim Rogers, who started Quantum Fund with George Soros, has invested in PharmaCielo, a Canadian company that won the first license to grow MED in Colombia.

CMH Brands, a company which processes Willie Nelson brand Willie’s Reserve, acquired Denver Relief’s grow and manufacturing facilities. The deal comes weeks after Denver Relief sold a store to Terrapin Station.

The Clinic’s new flagship store in Denver cost more than $1M. A JPMorgan analyst thinks Scotts Miracle-Gro’s push into the industry will benefit the stock. Bloomberg BusinessWeek interviewed Dixie CEO Tripp Keber.

Fast Company looks at what it’s like to work for social media app MassRoots.

San Jose, Calif., dispensary Medimarts promised a court fight against a ruling that it owes $767,000 in taxes and late fees.

787 drivers were involved in Colorado’s 546 driving fatalities last year. Of the drivers, 59, or 7.1% tested positive for cannabis but not other drugs. The total number of fatalities was down from 606 in 2005.

Researchers found that a Vermont Department of Health study was overly negative and did not account for the possibility of legalization alleviating the state’s opioid crisis. This year the state legislature failed to pass a REC bill that was widely expected to become law.

In the Des Moines Register, the founder of an addiction center writes that pot is still dangerous. “We see the faces of marijuana addicts first hand. And it’s not funny. We see people who struggle with simple tasks at school and work.  People incapable of perceiving or expressing emotion. People who suffer from higher incidence of mental health diagnoses, such as schizophrenia, paranoia and anxiety.”

policesirens1.jpg
You have the right to remain silent…seriously


With cannabis laws in flux not only from state to state these days, but even from city to city and county to county, it is more important than ever to know your rights should you ever get pulled over by the police.
More often than not, the best advice is to keep your record – and your car – clean as can be, and if you do get rolled, shut the hell up and give as little information as possible.
Here we present two recent examples of exactly how not to deal with the cops when it comes to cars and cannabis.

120810_obamahandstax.jpeg
Fox News

​Millions of Taxpayer Dollars Spent Undermining State and Local Medical Marijuana Laws
The Obama Justice Department (DOJ) held a press conference in Sacramento Friday announcing an array of enforcement actions against medical marijuana producers and distributors as well as landlords throughout California.
Patient advocates are calling President Obama’s enforcement effort harmful and unnecessary, representing a stark contradiction to his pledge of disengagement in medical marijuana states. The DOJ claimed it was carrying out civil and criminal enforcement actions against medical marijuana providers and sending “warning” letters to property owners leasing to dispensary operators.

NJWeedFarmers_1.jpeg
Graphic: Phawker

​New Jersey farmers see a chance to add a profitable new crop now that the state legalized medical marijuana last month.

“We would all like to grow it because we think it would be a good cash crop — literally,” said Fairfield, N.J., nurseryman Roger Ruske, reports Joseph P. Smith of the Vineland Daily Journal.
The idea is being taken seriously ever since outgoing Gov. Jon Corzine, in one of his last official acts, signed the New Jersey Compassionate Use Medical Marijuana Act.
The New Jersey Farm Bureau has looked into the issue in depth, and found both good news and problems with the concept.
Farm Bureau research associate Ed Wengryn said the legislation isn’t written clearly enough for the state Department of Health and Senior Services to write regulations.
“But I will say there are growers interested in it,” Wengryn said.