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Pot Industry Employs More Than 100,000

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By on News, Uncategorized

And that’s the low estimate.

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

The industry employs between 100,000 and 150,000 Americans according to the Marijuana Business Factbook. Ancillary businesses that don’t touch the plant account for about 40 % of jobs.

In Massachusetts, cities are awarding recommendations for state licenses to dispensaries that promise payments in return.

Canada’s Canopy Growth Corp. will list on the Toronto Stock Exchange, the first cannabis producer to trade on a major exchange. It also announced plans to start selling MED in Germany.

The IRS is auditing 30 Colorado pot companies, mainly related to large cash deposits. (Cannabis companies still struggle to find bank accounts.) Criminal charges may follow.

Lots from New Cannabis Ventures: Social network MassRoots is launching a dispensary finder to compete with Weedmaps and Leafly. Ackrell Capital, the investment bank, is starting a cannabis business accelerator called Cannavator in Oakland. Nationwide there are at least three others. Canadian grower Aphria raised $25M.

NCV founder Alan Brochstein is skeptical of Cultivation Technologies Inc. which has a big project planned in Coachella, Calif. A guest post at the site recommended that companies create budget brands for lower income customers.

Gateway incubator co-founder Carter Laren says start-ups still confront the “ghost of Nancy Reagan.”

Data firm Headset determined that the average user in Washington state spends $647 on legal cannabis per year. Marketwatch has more data from the study.

An investor is suing California edibles company Altai for spending his cash on private jets, luxury hotels and personal legal bills.

The publishing industry is putting out a slew of weed books, including the Complete Idiot’s Guide to growing.

Entrepreneur spotlights the industry in Boulder. Despite difficulties in Pueblo, Colo., businesses continue to invest big there.

A British Airways flight turned around shortly after departing London due to an unexplained cannabis smell.

Marijuana Measures Defeated In Cali, Oregon, S.D., Arizona

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By on Dispensaries, Legislation, News

Legal, Safe Access Fails In Four States


​It was a harsh day for marijuana supporters across the West as ballot initiatives went down to crushing defeats.
Voters in California on Tuesday said no thanks to Proposition 19, which would have legalized, taxed and regulated marijuana. Meanwhile Arizonans turned down medical marijuana by a thin margin; Oregon voters said no to dispensaries; and South Dakotans, for the second time and by an even larger margin than the first time, declined to legalize cannabis for medicinal purposes.

Arizona’s Prop 203 vote on medical marijuana was very, very close at 7:15 am Pacific on Wednesday. With 2,236 of 2,239 precincts reporting, and more than 99 percent of the vote counted, No held a razor-thin lead, 50.25 percent to 49.75 percent. This represented a spread of just 6,000 votes out of about 1.3 million votes counted.
California’s Prop 19 to legalize marijuana was defeated 54 percent No to 46 percent Yes.. With 97 percent of precincts reporting, Prop 19 was losing by eight points, just over half a million votes (3,891,521 No to 3,349,237 Yes). Servers were overwhelmed Tuesday night at the California Secretary of State’s website.
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Here’s Where To Keep Up With Cannabis Election Results

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By on Legislation, News

Photo: AZ4NORML

​Voters in California, Arizona, South Dakota, and Oregon have a chance today to change their states’ marijuana laws.

Will citizens grasp their opportunity to make history? We’re soon to find out.

Here are handy resources to keep up with the election results in all four states:
The Regulate, Control and Tax Cannabis Act of 2010 would legalize possession of limited amounts of marijuana by adults, allow a 5×5-foot growing space, and permit local governments to regulate and tax commercial sales.
Keep up with Prop 19 returns at the California Secretary of State’s results page here.
The Arizona Medical Marijuana Act would permit state-registered patients to buy cannabis legally from licensed dispensaries. Patients living more than 25 miles from the nearest dispensary would be allowed to cultivate their own marijuana.
Keep up with Prop 203 results at the Arizona Secretary of State’s results page here. You’ll need to scroll to the bottom of the page; Prop 203 results are the third from the bottom.
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