Medical Marijuana

Marijuana Commerce Blossoms, But Challenges Abound

Category: Medical Marijuana | Posted on Sat, August, 22nd 2015 by THCFinder

As marijuana prohibition falls in one state after another, cannabis sales are shifting from street corners to storefronts as opportunists line up to cash in on what optimists say is the biggest investment opportunity since the dot-com boom of the turn of the century.

Investors of all varieties are starting to look at marijuana as less of a stoner's fad and more of a serious business venture. The industry totaled $2.66 billion in U.S. sales in 2014, up 74 percent from $1.53 billion the year before, according to the ArcView Group, a cannabis industry investment network.

Business insiders said they expect the market to expand to many times its present size as more states legalize marijuana for both medical and recreational use.

Already the cannabis trade has not only brought in millions for dispensary owners and cultivators, it's also created a thriving ancillary market, driven job growth and boosted property values, marijuana advocates claim.

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First marijuana dispensary in Las Vegas area opening Monday

Category: Medical Marijuana | Posted on Thu, August, 20th 2015 by THCFinder

Fifteen years after medical marijuana was legalized in Nevada, Clark County’s first retail dispensary plans to open to the public Monday.


Euphoria Wellness, 7780 S. Jones Blvd., will begin selling to patients at 10 a.m. Monday. To help contend with expected high demand, only 250 people who have pre-registered will be allowed to buy marijuana and cannabis-infused products on each of the first two days.

On Wednesday, the dispensary will be open to any licensed cardholder, of which there are about 9,500 statewide. Medical marijuana cardholders from other states also will be able to shop at Nevada dispensaries.

Nevada voters legalized medical marijuana in 2000, but no system for distributing the drug through retail outlets was set up, meaning patients had to grow their own marijuana. In 2013, the Legislature approved new laws allowing for marijuana dispensaries, growing facilities and testing labs.

The opening of Euphoria Wellness has been two years in the making after repeated delays because of bureaucratic red tape and trouble acquiring cannabis to sell in the store.

The dispensary passed its inspections and initially wanted to open earlier this year, but a clash with county regulators over a plan to acquire its initial supply of marijuana from cardholders who had grown their own plants led to a deadlock that kept the store closed .


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When Will Medical Marijuana Be Available In New York?

Category: Medical Marijuana | Posted on Wed, August, 19th 2015 by THCFinder
new york medical marijuana


Medical marijuana patients in New York have been waiting a long time for safe access to medical marijuana. After a very long wait, medical marijuana was legalized in limited forms in New York. But since New York doesn’t allow home cultivation, patients had to wait until cultivation and distribution licenses were awarded, which was a drawn out process. Now that licenses have been issued, patients are still without medicine, and while cultivation companies have until January to get their product to patients, many are worried that the deadline will not be met. Per Marijuana Business Daily:

Some stakeholders in New York are already voicing concerns about whether or not medical cannabis will be available for purchase in January, as required by state law.

A mother with a severely epileptic daughter told one NBC affiliate that there’s “no way” MMJ will be ready for sale in New York if the medicine has to be grown and manufactured in-state, given that one of the license winners has said that its manufacturing plant won’t be up and running until December.

The same mother is also worried that the licensees may not fully understand what type of medicine is really needed by patients, since the state only allows non-smokable MMJ.

She said that the co-founder of a licensed medical cannabis company she spoke to told her that medicine would be in the form of “sprays, sub-linguals (oil drops) and a vaporizer,” but that what she needs are concentrated oils or capsules for her seizure-stricken child. 

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Florida: Medical Marijuana Rumble Between the State Legislature and the Voters

Category: Medical Marijuana | Posted on Tue, August, 18th 2015 by THCFinder

Florida lawmakers are spinning their wheels once again in hopes of creating a functional medical marijuana program in the next legislative session. Republican State Representative Greg Steube refilled a piece of legislation last week aimed at putting the state’s idle Charlotte’s Web law out of its misery by establishing a new, equally hollow program that would do very little to serve the patients of the Sunshine state.

The latest proposal doomed to suffer the wrath of Florida’s skittish State Legislature would undoubtedly strengthen the current medical marijuana directive, mostly because the law, regardless of its passing two years ago, has not yet managed to help a single patient. However, Steube has swooped in with what he believes could be salvation’s wings for the state’s remedial approach to operating a medical marijuana market by increasing the number of cultivation operations, as well as expanding the list of qualified conditions past only those suffering from cancer and seizure disorders.

Steube’s bill would open the program up to patients with HIV/AID, Lou Gehrig’s disease, multiple sclerosis, Crohn’s disease, Parkinson’s disease, and any terminal illness. Much like the current law, however, it would not allow patients to smoke marijuana.

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Seattle Pot Stores Owners Hang On As Weed Prices Fall

Category: Medical Marijuana | Posted on Sun, August, 16th 2015 by THCFinder

It's been a year since the first retail pot shops opened in Washington, and the cost of weed has dropped significantly. But that’s not stopping eager pot entrepreneurs hoping to get in on the budding industry.

When Ian Eisenberg opened Uncle Ike's in Seattle last September, marijuana was selling at about $25 per gram. He said he had no idea what he was doing.

"We really had no expectations because we didn’t know what to expect, we had no experience in the pot business,” Eisenberg says. "We had no experience in retail. I remember the first day we opened, we didn’t even have change in our cash registers for customers."

According to the Washington State Liquor and Cannabis Board, prices were high at first because the supply couldn’t keep up with the initial demand. Over the year, however, production has amped up, which has brought the price down to an average of $11 per gram. Eisenberg said that means he's losing money.

"We’re the classic business school 101 joke, that we lose a little bit with every transaction and we’re trying to make it up in volume," he said.

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75,000 square foot medical marijuana plant to open next week

Category: Medical Marijuana | Posted on Sat, August, 15th 2015 by THCFinder

BARRY, Ill. - A 75,000 square foot medical marijuana manufacturing and research facility is one week away from growing marijuana and studying the science behind the cannabis.
Revolution Industries CEO Tim McGraw called it the most sophisticated, technologically advanced facility in the world. It's two hours from St. Louis, in a small town of 1400 people called Barry, Illinois.
A long winding road takes you up to the edge of the cornfields that sit across from the warehouse like building. The owners of this cultivation center believe they're in place where progress meets a purpose.
"I never thought I would see this day" said Brenda Partridge.
She cried and clapped as McGraw addressed the crowd.
"43,000 Americans died from pharmaceutical overdoses, and 22 veterans commit suicide everyday," because he said, they were prescribed anti depressants and opiates.



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