Search Results: lewis (66)

Peter Lewis, the 80-year-old billionaire founder of Progressive Insurance and major donor to marijuana-related causes, died over the weekend of natural causes.
It was with Lewis’s help that bills passed in Washington for recreational marijuana use and Massachusetts for medical use last year. According to Forbes, Lewis dropped nearly $3 million in 2012 for freeing the weed in one way or another.

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.

The question of use by women who are expecting heats up.

Excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.

A study suggests that cannabis use during pregnancy affects brain development. More Colorado newborns are testing positive for THC.

Thirty-three were hospitalized in Brooklyn, for suspected synthetic cannabis (“K2”) overdoses in the area around a subway stop.

The National Institutes of Health sent out a request for information about varieties of marijuana and their possible research value.

Check out this chart which illustrates last week’s remarkable finding that drug prescriptions are falling in MED states.

Project CBD published a CBD Users Manual. It’s one of the better ones I’ve seen.

Cannabis allergies are climbing.

The big move by Scotts Miracle-Grow into cannabis is dividing the industry.

Buzzfeed makes the case that Facebook and Google’s cannabis policy enforcement is a mess.

The U.K.’s GW Pharmaceuticals which has seen its stock soar on data from its cannabis-based drug Epidiolex, plans to raise $252 million on the Nasdaq exchange with Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch shepherding the deal.

Business attorney Hilary Bricken lays out  six weed scams  for investors and others to watch out for.

Compliance at Millennium Bank, a community bank in Des Plaines, Ill. is reportedly under scrutiny from state and federal authorities for working with marijuana companies.

Whitney Hobbs, a founder of Oregon distributor Highly Distributed, has sued CEO Christopher Mallott for sexual harassment that led to her departure from the company. She says he groped and smelled her. The company declined to comment but an employee refuted Hobbs’ claims.

Cannabis sales continue to climb in Colorado and support the state’s economy. See here for more.

A glimpse of the future? A group of Colorado’s largest craft breweries, led a break-up of the Colorado Brewers Guild to form a new group called Craft Beer Colorado. The split follows an overhaul of state alcohol laws.

Analyst Alan Brochstein writes that Canada’s pot policies make more sense than America’s.

Former NORML head Allen St. Pierre joined a publicly-traded consultancy called Freedom Leaf.

BuzzFeed reporter Amanda Chicago Lewis on Merry Jane’s show, Highly Productive.Housed in a nondescript brick building in West Los Angeles, there’s a revolution brewing in marijuana media.

And Snoop Dogg is at the helm.

In late 2015, with the help of media entrepreneur Ted Chung, the hip-hop star launched Merry Jane, an entertainment company that creates pot-centric editorial and videos extolling the positive benefits of cannabis. Other big-name partners on board include Seth Rogen, Guy Oseary and Miley Cyrus, who haven’t been shy about their love of pot.

For more, read L.A. Weekly’s full story about Snoop Dogg.

Photo by Timothy Norris.

Now that the era of cannabis prohibition is finally coming to a close, the famous stoners of bygone eras are stepping away from their bongs, wandering out of their man caves and looking to cash in. Bob Marley’s descendants may be trying to brand a strain of weed named after the famed reggae singer, but L.A.’s own Tommy Chong is thinking a big more broadly.
Yes, his own strain — “Chong Star” — is in the works. But more importantly, the 76-year-old is making a play for a lucrative comeback with a recent stint on the hit show Dancing With the Stars and endorsements of everything from fertilizer and joint-rolling machines to pipe necklaces and Smoke Swipes, a product that supposedly removes unwanted smells from clothing and hair. Amanda Lewis at the LA Weekly has more.

Natalie Martinez.
Cannabuddha Biscuits.

Considering just how much food will crowd onto your Thanksgiving table this year, it could almost be considered rude not to get baked before dinner. After all, if your Aunt Margaret went to the trouble of making her special marshmallow sweet potato soufflé, you damn well better have a few bites!
But what if instead of hitting a quick bowl in the basement or rocking a few puffs of the vape pen in the bathroom, you could integrate some THC into your meal from the get-go? That’s what Natalie Martinez, an L.A.-based chef for the popular DIY weed-cooking website Stoner’s Cookbook, suggests: a few cannabis dishes, especially on the early side of the meal, can make all the difference when helping you politely try everyone’s contributions and stay hungry enough for dessert. Amanda Lewis at the LA Weekly has more.

More than 52 percent of voters in South Portland, Maine made it clear earlier this week that they are tired of their fellow South Portlanders getting hassled for small amounts of herb. A new ordinance makes the possession of an ounce or less legal for adults 21-and-up.
The move is largely symbolic, but the cops still say they don’t care. They’ll continue to enforce the law as they see fit.
South Portland Police Chief Ed Googins says his officers are going to ignore the people they are charged with protecting and serving. The same thing happened in Portland, which passed a similar measure earlier this year and yet still sees marijuana possession charges in their courts.

Aspen, CO – Home of the 1st Annual Cannabis Grand Cru – November 14th-16th, 2014


When it comes to the changing of the seasons, and outstanding venues for cannabis themed events, nobody does it quite like Colorado. Aspen in the fall, much like the trees it is named after, radiates a golden glimmer leading into the first snowfall of the year.
From Friday November 14th – Sunday November 16th those attending the Cannabis Grand Cru will take over the entire Sky Hotel in Aspen for a 3-day event full of seminars, Q&A sessions, hands-on learning, and loads of entertainment. Tickets for this 21+ members-only experience will be made available only by invitation. The good news is, we’ve got the scoop on how to get yours.

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