Month: May 2016

Why Dispensaries Need Lawyers

The business side of this industry can be complicated. One cannabis “location” consists of both a grow (where the product is grown) and the dispensary (where the product is sold). To add to the complications, there is also the rec side and the medical side. Customers that don’t have medical cards, cannot go on the medical side…as long as they are 21. But if they are 18 and have a medical card, then they can legally purchase marijuana in the state of Colorado. And if you are not a Colorado resident, then you are limited by how much you...

Read More

Cannabis Company MassRoots Rejected By NASDAQ

This week, MassRoots Inc. (MSRT), one of the biggest and fastest expanding technology platforms for the marijuana industry, received notification that NASDAQ had denied the Company’s application for listing. MassRoots, which launched in 2013, models itself as a Facebook for cannabis users. It also allows weed in its workplace. The Company filed for an up listing from the Over-the-Counter Bulletin Board to NASDAQ in August 2015 — the NASDAQ approval process usually takes just 4-6 weeks. The Company was hoping to be the first cannabis company to list on NASDAQ. Isaac Dietrich, co-founder of MassRoots, said, “With this decision, we believe that the NASDAQ has set...

Read More

Could Medical Marijuana Help Solve The Heroine Epidemic In Ohio?

23 people lose their lives to heroine every week in Ohio, making them desperate to find a solution to the heroine epidemic that is sweeping the nation. Addiction help centers are simply not enough. In fact, one man even overdosed in the parking lot of a counseling center, where he was about to enter to get help. They are so desperate to find a solution, and are open to the idea of a solution involving medical marijuana. Some addiction specialists, like the man in this video worry about trading one addiction for another. He says he is not yet willing to use marijuana as an antidote. He refers to the “Colorado experiment,” and says that Colorado has seen a rise in marijuana addiction treatment since it has become legal. But other scientists and medical professionals argue that marijuana is undoubtedly the lesser of two evils. Heroine kills and marijuana does not. According to Kevin Hill of Harvard Medical School conclude that cannabis is a much better alternative. In this new special, he quotes a study that shows a 25% drop in opioid related deaths in states that legalized medical marijuana. While neither side has officially “won,” they can both agree that if this solution was implemented, the key to it’s success would be regulation....

Read More

Missouri Next To Legalize Commercial Hemp?

Who could be the next state with a legal hemp industry? Perhaps Missouri. The state House of Representatives recently cleared a bill by a vast majority vote; a vote of 123-29. House Bill 2038 is now up for a vote in the Senate after passing through the Senate Agriculture, Food Production and Outdoor Resources. The bill aims to legalize the commercial production of hemp. This bill would go beyond the federally legal hemp farming that is outlined by the 2014 Farm Bill. Currently, federal laws limit hemp production to test crops grown by state agricultural departments and universities. However,...

Read More

Louisiana Governor Signs a Historical Medical Marijuana Bill

Louisiana made history this week. The Louisiana Gov. John Bel Edwards signed a bill to create a the first viable medical marijuana program, paving the way for medical marijuana to be available to patients. This move also paves way for Louisiana to implement a workable medical cannabis program – making it the 25th state in the nation to do so, but more importantly, making it the first state in the south to do so. This provides tremendous opportunities for medical patients, but it doesn’t necessarily mean good opportunities for entrepreneurs. One marijuana grower would be allowed to operate…and that’s only if two Louisiana universities...

Read More