What it’s like to work as a ‘budtender’ in the legal marijuana industry

Coffee shops have baristas. Bars have bartenders. And marijuana retailers have “budtenders.”

An estimated 30,000 Americans work in legal marijuana dispensaries, with a significant portion of those retail employees assisting customers at point of sale. Continue reading “What it’s like to work as a ‘budtender’ in the legal marijuana industry”

Montana dispensary owner gets 18 months for "conspiracy to manufacture and distribute marijuana"

MISSOULA, Mont. — The owner of a Montana medical marijuana dispensary network has been sentenced to 18 months in prison for conspiracy to manufacture and distribute marijuana. The Missoulian reports 40-year-old Charlton Victor Campbell was sentenced Thursday. Under a plea agreement, Campbell forfeited $30,000 and the Montana Buds properties in… Continue reading “Montana dispensary owner gets 18 months for "conspiracy to manufacture and distribute marijuana"”

Mexico’s Big Cannabis News – What it means for MJNA

Legal cannabis scored another big victory this week.

In April, Mexico’s lower parliament overwhelmingly voted to legalize medical cannabis, voting 357 to 7.

Then, earlier this week, Mexico’s President Enrique Pena Nieto signed the bill into law, legalizing the use of medicinal cannabis THC, CBD, and all cannabis derivatives. The new legislation also makes it legal to produce and distribute cannabis for medical and therapeutic purposes.

Early estimates project sales between $1 billion and $2 billion in the first 10 years. That would come out to between $100 and $200 million per year. Continue reading “Mexico’s Big Cannabis News – What it means for MJNA”

Jeff Sessions could have power to unilaterally write federal drug policy say critics of new bill

Congress is considering a bill that would expand the federal government’s ability to pursue the war on drugs, granting new power to the Attorney General to set federal drug policy.

The bipartisan legislation, sponsored by powerful committee chairs in both chambers of Congress, would allow the Attorney General to unilaterally outlaw certain unregulated chemical compounds on a temporary basis. Continue reading “Jeff Sessions could have power to unilaterally write federal drug policy say critics of new bill”

Medicinal marijuana company doubles revenue but struggles to break even

Sales in the legal marijuana business are blazing hot, brushing $6.7 billion in 2016 — but projections are expected to climb even higher to as much as $20 billion in sales by 2021, according to cannabis research firm Arcview Market Research.

Despite the uptick in overall sales, the industry is still struggling to find its footing as those in the public space continue to battle turning a profit. Continue reading “Medicinal marijuana company doubles revenue but struggles to break even”

Does North Korea Have a More Tolerant Pot Policy than South Korea?

Well, absolutely not, but you could be forgiven for thinking so, based on a cursory review of recent headlines.

Although it hasn’t made much of splash stateside, the big news in South Korea this week is the “marijuana scandal” surrounding a singer from the suggestively named K-pop boy-band Big Bang, who goes by the stage-name T.O.P.

Continue reading “Does North Korea Have a More Tolerant Pot Policy than South Korea?”

Massachusetts Whiplash: Cannabis Tax Pulled Back to 12%

 The debate over Massachusetts’ recreational marijuana law took a new twist on Friday with the release of a plan that would not raise taxes on cannabis and would leave decisions on whether to ban retail marijuana stores in the hands of local voters. Continue reading “Massachusetts Whiplash: Cannabis Tax Pulled Back to 12%”

Cannabis industry organization forms to “be ready” for national legalization

Cannabis is joining the ranks of the financial, advertising, real estate and alcohol industries with the formation of its first self-regulatory organization.

The National Association of Cannabis Businesses (NACB) launched Thursday with a powerhouse leadership team and an ambitious plan: Develop and enforce national standards that will increase compliance and transparency, spur growth, and shape future federal regulations. Continue reading “Cannabis industry organization forms to “be ready” for national legalization”

Nevada-based marijuana grower plants seed for others with Canadian stock listing

A Nevada-licensed marijuana producer is breaking ground with a Canadian stock listing that allows it to raise funds to grow and sell pot in the legally murky U.S. market, likely opening the door for an influx of others.

Friday Night Inc. made its public trading debut Friday on the Canadian Securities Exchange (CSE) and saw its shares spike 467 per cent to close its first day with a market value of $44.2 million, suggesting there is significant investor interest in companies with U.S. state licences to cultivate cannabis. Continue reading “Nevada-based marijuana grower plants seed for others with Canadian stock listing”