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CanopyBoulder Raises $2 Million For 2016 Marijuana Business Investments

Category: News | Posted on Tue, March, 22nd 2016 by THCFinder

canopy boulder canopyboulderI am by no means a business expert. I learn more about as time goes by, but my skill set is more suited for being a Hobbit-sized weed blogger than it is being a titan of industry. I think there are a lot of people out there that have a great business idea, or may even be doing business right now on a small scale, but could definitely use their help in taking their company to the next level. That’s what companies like CanopyBoulder are for. CanopyBoulder is a marijuana business incubator, with a multi-week program to help participants build a solid foundation for their business and develop a solid strategy for success into the future.

Another thing that CanopyBoulder does is help its program participants with funding, which is vital to almost every business model when its starting out. It was recently announced that CanopyBoulder raised 2 million dollars to help out with its 2016 cohort. Per Marijuana Business Daily:

CanopyBoulder, a business accelerator based in Colorado, announced on Friday it has completed yet another seven-figure round of fundraising to invest in startups.

Read More:http://www.theweedblog.com/canopyboulder-raises-2-million-for-2016-marijuana-business-investments/


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US Supreme Court Dismisses Colorado Marijuana Case

Category: News | Posted on Mon, March, 21st 2016 by THCFinder

While marijuana advocates across the United States have been in a nail-biting frenzy ever since it was revealed that a lawsuit filed in the U.S. Supreme Court had the potential of shutting down the cannabis industry, the nation’s highest court announced on Monday it would dismiss a case submitted by Oklahoma and Nebraska suggesting that Colorado’s retail pot market had become a drug trafficking menace.

In the case of Nebraska and Oklahoma v. Colorado, the plaintiffs argued that Amendment 64, which ended pot prohibition in the Centennial State, was a flagrant violation of the Controlled Substances Act and the Supremacy Clause of the U.S. Constitution. The lawsuit claimed the two states were “suffering a direct and significant detrimental impact,” as a result of the Colorado cannabis trade, and it begged the U.S. Supreme Court to force its indefinite closure.

Read More:http://www.hightimes.com/read/us-supreme-court-dismisses-colorado-marijuana-case


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DC Tells Doctors To Stop Urine Testing Patients For THC

Category: News | Posted on Mon, March, 21st 2016 by THCFinder
 

(image via Twitter)

The National Center for Disease Control and Prevention (CDC) published their “Guideline for Prescribing Opioids For Chronic Pain, United States 2016″ on March 18. In it was a statement of discouragement of urine testing for THC, the psychoactive component of marijuana, and a warning against terminating treatment of patients for having positive results on urine drug tests.

Although the CDC’s Guideleines and Factsheet advises physicians involved in opioid therapies to continue using urine testing for “to identify prescribed substances and undisclosed use,” the document itself advises a cautious approach to urine testing from both a reliability and a financial standpoint.

Patients are sometimes removed from pain management because of a positive drug test for THC, and that is a problem recognized by the CDC in the 2016 publication. “Urine drug testing results can be subject to misinterpretation and might sometimes be associated with practices that might harm patients (e.g., stigmatization, inappropriate termination from care).”

This screening process is big business. Per the CDC report: ” Limited information was found on costs of strategies to decrease risks associated with opioid therapy; however, urine drug testing, including screening and confirmatory tests, has been estimated to cost $211-$363 per test.”


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Legal marijuana sales forecast to hit $23B in 4 years

Category: News | Posted on Sun, March, 20th 2016 by THCFinder

Marijuana is rapidly becoming a big, semi-legal business across the country, with $5.7 billion in sales last year and tens of thousands of people working and paying taxes as they cultivate, package and sell cannabis. USA TODAY

The industry is only expected to grow in 2016, particularly if California voters this fall decide to legalize recreational use, according to the newly released 4th Edition State of Legal Marijuana Markets Report from from ArcView Market Research and New Frontier, a cannabis-focused data-analysis firm. Much of the increase is attributed to adult use market sales, which hit $1.3 billion last year. By 2020, adult use and medical marijuana sales are expected to reach nearly $23 billion, triple this year. 

Read More:http://www.usatoday.com/story/money/business/2016/03/20/legal-marijuana-sales-forecast-hit-23b-4-years/82046018/


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Irish Are Emigrating in Search of Medical Marijuana

Category: News | Posted on Sat, March, 19th 2016 by THCFinder

Another Irish immigration to the U.S. is taking place, but this time it is not because of the potato famine or the economic deprivation it caused in Ireland for decades. 

This is the story of Irish people who regard themselves as the first “international medical cannabis refugees” seeking treatment in Colorado.  

Yvonne Cahalane left her small community in Cork, southern Ireland, for Colorado with her 2-year-old son Tristan who suffers from Dravet syndrome and has up to 20 seizures every day. 

Read More:http://www.hightimes.com/read/irish-are-emigrating-search-medical-marijuana


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Oregon Generated Almost 3.5 Million Dollars In Recreational Marijuana Taxes In 1st Month

Category: News | Posted on Sat, March, 19th 2016 by THCFinder

oregon medical marijuana cannabis oregonian newspaperThere are a lot of reasons to reform marijuana laws, the most important of which is compassion. We need to have compassion for our fellow humans, and charging them with a fine and/or charging them with a crime and/or locking them in a cage is inhumane and lacks compassion. No one should have to go to jail for marijuana, or be arrested, or even fined in my opinion. That’s why I fought so hard to legalize marijuana in Oregon, a state I have lived in all my life.

That’s at the top of the list of reasons why we need to legalize marijuana, and second place isn’t even close in my opinion. But with that being said, there are obviously a lot of other benefits to legalizing marijuana. The economic benefits of marijuana legalization are touted early and often, and I think that’s in large part because it changes the minds of voters for better or worse. In a perfect world everyone would want to legalize marijuana because it’s obviously the right thing to do, however, some people are much more swayed by monetary statistics for better or worse.

The State of Oregon instituted a 25% temporary tax on all recreational marijuana sales at licensed dispensaries, starting in February. State officials were quit to state that it’s not a sales tax, which is a taboo phrase in Oregon. But, at the end of the day and for simplicity purposes (and just calling it what it is!), the tax is a sales tax on marijuana. The numbers are in for January, and it looks like Oregon brought in just shy of 3.5 million dollars in tax revenue from recreational marijuana sales. The Oregon Department of Revenue issued the following press release about the numbers:

Read More:http://www.theweedblog.com/oregon-generated-3-5-million-dollars-recreational-marijuana-taxes/


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