Marijuana equipment start-ups flourish as large rivals avoid legal pitfalls
GREELEY, Colo. – Marijuana’s uncertain legal status across the country has unleashed a network of innovators and entrepreneurs into a space that would ordinarily be filled with name-brand manufacturers, pharmaceutical companies and federally funded research universities.
These small “cannabusinesses” are rushing to fill niches and make money in a field where the drug's illegal status at the federal level has made many start-up basics — from getting a new machine to accessing credit — far more challenging. Colorado, for instance, boasts a cottage industry of innovation because it was one of the first states to legalize recreational cannabis sales to adults, and also has a highly educated, youthful workforce.
Take Greeley, Colo.-based Leaf, for example: A converted garage in this northern Colorado college town has become a de-facto lab for developing the company’s self-contained marijuana-growing “refrigerator.” The $3,000 wifi-enabled cabinet has a webcam so its owner can monitor the growing plants no matter where they are. One of Leaf’s first employees lives in Greeley because he went to college in the area, and the Tel Aviv-based company decided to keep a local presence. Leaf introduced the cabinet earlier this year and has already sold more than 1,000.
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Chris Christie Gets Wish: White House Appointment to Chair Drug Commission
After an unsuccessful run for president followed by an epic and humiliating ass-kissing of Donald Trump, Chris Christie is finally getting his White House job, sort of.
According to the Washington Post, Donald Trump is tapping the New Jersey governor to chair a commission devoted to combatting opioid abuse in America.
The position will be a part-time, volunteer job and will not require Christie to step down as New Jersey’s governor. Sorry, New Jersey.
New medical marijuana laws set industry 'on steroids'
The new medical marijuana laws, according to Sen. Patrick Colbeck, R-Canton, an opponent of the bills, take a small home-grown industry created by a 2008 ballot proposal "and puts that cottage industry on steroids."
Indeed, under the old law, a caregiver could grow up to 12 marijuana plants for each patient and couldn't serve more than five patients. The law was vague about dispensaries, leading to a glut in some cities like Detroit and Lansing that basically turned a blind eye to the businesses in their communities and a police force in other towns that shut down businesses with impunity
The new laws create three classes of growers: people who can grow up to 500 plants, up to 1,000 plants or up to 1,500 plants. They also create five classes of licenses — those for growers, testing facilities, transporters, the seed-to-sale tracking and dispensaries. Communities can decide whether and where they'll allow dispensaries to operate and charge an annual fee of up to $5,000 per dispensary.
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