U.S. Territory Could Make History in Legal Marijuana Industry 29 Oct, 2018
It isn’t just U.S. states that are ready to jump on board – if they haven’t already – with legalizing marijuana. Legislators in the Commonwealth of the Northern Mariana Islands (CNMI), a U.S. territory, recently approved a bill to legalize … Continue reading
Banking Woes Continue To Plague Legal Pot Industry 26 Oct, 2018
Federal Banking Rules Not Working In Favor Of The Legal Cannabis Industry Legal marijuana entrepreneurs still find a difficult time getting banks that will accept them. The situation is devastating for the cannabis industry given that more and more states … Continue reading
Unforgiving Federal Banking Laws Threaten To Render Marijuana A Cash-Only Industry 26 Oct, 2018
Oklahoma adopted medical cannabis amid a web of challenges, but the worst it will face is operating in a cash-only industry. Marijuana, still being a federally illegal drug, medicinal cannabis businesses won’t easily get their way into federal banks which … Continue reading
California’s Hopes for Legal Marijuana Industry are Disappointed 23 Oct, 2018
Years before U.S. states began legalizing recreational marijuana, many people were arguing that the government should legalize marijuana and then tax and regulate it. The government would then be able to bring in heaps of cash. Their argument was that … Continue reading
Why Banks Won’t Touch Legal Marijuana and the Risk it Creates 10 Oct, 2018
As each state legalizes medical and/or recreational marijuana, much has been said about the issue of money. Despite the continued federal prohibition, the marijuana industry has grown rapidly. The emerging market brought in nearly $9 billion in sales in 2017, … Continue reading
Lawmakers Advocate Marijuana Banking Protocol Reforms 20 Sep, 2018
Cash is King, but having a multibillion-dollar industry rely entirely on it can be a struggle! The whistleblower, Senator Cory Booker pointed out an issue that lawmakers must mull over. He says businesses, even those that sell medical cannabis cannot … Continue reading
Marijuana Making Millions for Entrepreneurs in Colorado 09 Jul, 2018
The Marijuana industry is performing beyond everybody’s expectations. Some have even labeled the cannabis business the “second gold rush” after discovering a few marijuana-made millionaires. Colorado boasts of a few entrepreneurs who can be said to have reached the top … Continue reading
New Bill Seeks to Bring Recreational Marijuana to New Jersey 25 Jun, 2018
Early this month, President Donald Trump shared that he was leaning towards supporting new bipartisan marijuana legislation – delivering a blow to Attorney General Jeff Sessions. U.S. Attorney General Jeff Sessions has been an outspoken opponent of marijuana. He lifted … Continue reading
Trump Hints at Supporting New Marijuana Bill 25 Jun, 2018
Early this month, President Donald Trump shared that he was leaning towards supporting new bipartisan marijuana legislation – delivering a blow to Attorney General Jeff Sessions. U.S. Attorney General Jeff Sessions has been an outspoken opponent of marijuana. He lifted … Continue reading
Canada Becomes Second Country to Legalize Recreational Marijuana 25 Jun, 2018
Canada has just become the second country to permit widespread sales and use of cannabis. Legislation approved early this month pushed the country one step closer to making it a reality. Just days ago, on June 19, Canadian lawmakers announced … Continue reading
The Rise of Legal Marijuana Forces a Shift from “Say No” to “Delay” 13 Jun, 2018
In California, the year kicked off with long queues of eager customers waiting in the dark; outside medical cannabis dispensaries for their “budtenders” to open doors and allow them to start shopping when the clock ticks midnight. And this year, … Continue reading
Marijuana POB | America Advocates for Cannabis Decriminalization 13 Jun, 2018
Seems like only non-smokers and those who don’t mingle with cannabis users were shocked by this new Quinnipiac University national poll on marijuana legalization. If you didn’t see cannabis acceptance hit such a high so soon, then you have a lot to … Continue reading
Marijuana Stocks | What You Need to Know 25 May, 2018
The legal marijuana industry won’t be slowing down any time soon. Recent research released in a report by cannabis research firm ArcView revealed just how fast the industry is growing. Through their partnership with BDS Analystics, ArcView discovered that North … Continue reading
Debate to Make New Jersey Cannabis Legal Continues 25 May, 2018
The beginning of March, close to 150 people squeezed into a meeting room at the Statehouse in Trenton. The state of New Jersey then officially opened the conversation on marijuana legalization. The feelings on the topic were very divided. More … Continue reading
California Puts Study of a Public Bank for Marijuana Industry in Motion 21 May, 2018
California has successfully circumvented federal law and created a state-held bank with the purpose of serving the marijuana industry. While many are excited that these plans have moved from words to actions, others are questioning how viable it is. This … Continue reading
Experts Say California Will Become Largest Job Creator for Marijuana 27 Feb, 2018
Industry experts recently shared that California will become the largest recreational cannabis market in the world and the largest creator of jobs for marijuana. Not only is California going to be the largest market, but it is also the ideal … Continue reading
Open for Business: Medical Marijuana Now on Sale in Pennsylvania 27 Feb, 2018
A big, long-awaited moment for the state of Pennsylvania, dispensaries made their first legal medical marijuana sales in the beginning weeks of February. The first dispensary to open was in Butler on Feb. 15th. Although medical marijuana was legalized in … Continue reading
Cannabis Safe Haven: Berkley First City to Declare Sanctuary for Cannabis 27 Feb, 2018
The cannabis industry is rejoicing over the recent victory and groundbreaking move for recreational marijuana. The city of Berkeley California has prided itself for years for being a pot-friendly place. Now, the city has taken this acceptance a step further … Continue reading
Buying Cannabis in California 26 Jan, 2018
California constituents unanimously voted in favor of the Adult Use of Marijuana Act (AUMA), famous as Proposition 64 eventually becoming the 5th state to decriminalize recreational pot after Colorado, Washington DC, Oregon and Alaska. It also shouldn’t be forgotten that … Continue reading
Marijuana is Finally Legal in California But Not Everyone is Enjoying The Party 26 Jan, 2018
Marijuana decriminalization is now one of the hottest topics in California and the whole of U.S. On Jan. 1, California celebrated the legalization of weed for all over 21s and joined Colorado in the list of ‘high states.’ But soon … Continue reading
Jeff Sessions War on Marijuana Hasn’t Frightened Cannabis Entrepreneurs 26 Jan, 2018
Investors and Business Owners in the Cannabis Industry Aren’t Frightened by Jeff Sessions Efforts to Prevent Marijuana Decriminalization Contrary to the expectations of many, the Attorney General’s move to recommence unrestrained federal enforcement of cannabis laws hasn’t affected the performance … Continue reading
Legalized Recreational Marijuana | What Are the New Regulations? 26 Jan, 2018
Even if Jeff Session’s won’t give up his battle against decriminalization of recreational cannabis, at least the year set off with some good news for California. As of January 1, the state had legalized marijuana. Currently adults, 21 and above, … Continue reading
Why Government Shutdown May Trigger Crackdown on Marijuana Dealers 11 Dec, 2017
Dec 13th will mark the last day of funding for the State Government. Similarly, time is running out for the law that’s been preventing the Justice Department from meddling with the federal medical marijuana laws. So unless legislators ratify an … Continue reading
Michigan – Gov. Rick Snyder Issues Rules Ahead of Michigan Marijuana Licensing 11 Dec, 2017
Lately, there have been question marks surrounding the Michigan marijuana industry particularly regarding the rules and regulations of operation. On Monday, Gov. Rick Snyder read out rules controlling medical pot businesses two weeks ahead of the start of their review … Continue reading
Recreational Marijuana Continues to Thrive Over the Medical Industry 11 Dec, 2017
It seems like medical marijuana cards are no longer the key to purchasing and enjoying weed in Oregon. The recreational marijuana industry is taking over rendering the cards less valuable compared to the past when they meant everything. These days … Continue reading
California Recreational Use Draws Near, Merchants Still Battle Financial Struggles 22 Nov, 2017
Even in the excitement of legal recreational marijuana sales rolling out in California on January 1s t, a very big problem remains: the lack of financial services. The ability for consumers to consume recreational cannabis in California is expected to … Continue reading
California Cities Unprepared for Legal Recreational Cannabis Sales Jan. 1 21 Nov, 2017
The long-awaited day is right around the corner, but California is not as prepared as it should be for the start of recreational marijuana sales on January 1st. Both Los Angeles and San Francisco are struggling to put together local … Continue reading
Denver-Based Cannabis Company Debuts Airport PSA, Leave Pot at Home 18 Nov, 2017
A Denver-based company, Organa Brands, has created the first-ever public services announcement in airport terminals concerning cannabis. One of the largest legal cannabis brands in the country, Organa Brands premiered their ad campaign last month on branded trays at security … Continue reading
Cannabis Industry Awaits Trump’s Decision on Legal Marijuana 14 Nov, 2017
It’s safe to say that the legal marijuana industry has faced many and seemingly endless obstacles. With a new administration, legal marijuana merchants have been holding their breath to see whether the Trump administration plans to snuff out the industry. … Continue reading
California Moving Towards Public Banking for Marijuana Businesses 13 Oct, 2017
Too much money? Is that even a thing? For marijuana-related businesses, it is. They make a lot of cash, but have no way to safely deposit it at the bank like other businesses. Banks are subject to heavy regulations and … Continue reading
Nevada Supreme Court Push to Settle Marijuana Distribution Battle 09 Oct, 2017
The legal battle over who can transport recreational marijuana to Nevada’s cannabis shops continues. Earlier last week, the Nevada Supreme Court issued a temporary injunction against the state’s newfound marijuana market; the state Department of Taxation is now unable to … Continue reading
Hawaii Announces First Legitimate Banking Solution for Cannabis Industry 03 Oct, 2017
Banking partners and regulators have joined together to provide statewide access to financial services for the marijuana industry. On Sept. 13, CanPay, the first legitimate debit payment solution for cannabis and Safe Harbor Private Banking, the leading compliant banking program … Continue reading
Nevada Pushing to be First State to Allow Recreational Marijuana Lounges 03 Oct, 2017
If all goes as planned, it would appear that Nevada will be the first state to allow recreational users to consume marijuana in clubs and lounges. The beginning of September, the state Legislative Counsel Bureau confirmed that state law does … Continue reading
America’s Youth are Safe, Marijuana Legalization has not Led to Substance Abuse 29 Sep, 2017
With each state that legalizes marijuana use, opponents express their concern that it will lead to a spike in drug abuse and crime. Cannabis activists, on the other hand, continue to proclaim the benefits of legalizing marijuana. So, who is … Continue reading
New Study Says Rise in Marijuana Use is Not the Result of Legalization 29 Sep, 2017
The use of cannabis in the U.S. has been increasing rapidly over the last decade. However, you might be surprised to hear that it is not because of legalization. A recent study in the journal Addiction confirms that the growing … Continue reading
Lawmakers Continue Push to Expand Maryland Medical Marijuana Industry 28 Aug, 2017
In the final days of the Maryland legislative session, top democrats agreed to the expansion of medical marijuana growers in the state. Two top lawmakers in particular, Senate President Thomas V. Mike Miller and House Speaker Michael Busch, showed their … Continue reading
Florida Bank Risks Scrutiny by Offering Marijuana Merchants Services 25 Aug, 2017
Despite the growth of the medical marijuana industry, cannabis remains an illegal substance on the federal level. As a result, banks refuse to work with these businesses, leaving many marijuana merchants with little to no options. The majority are forced … Continue reading
Medical Marijuana Industry Welcomes Season of Growth in New York 24 Aug, 2017
To the delight of the medical marijuana industry, it’s a season of growth. The campaign to create a medical marijuana program in New York was a very long, uphill battle. Even when it was finally passed in 2014, advocates criticized the … Continue reading
The Nerve-Racking Process of Paying Marijuana Taxes 24 Aug, 2017
The news is full of updates on the state of the marijuana industry. Reports of which states have legalized recreational and medical marijuana, along with the many reasons why cannabis is beneficial. One of the less mentioned topics is the … Continue reading
Marijuana Industry Continues to Evolve, Capitalists Join Industry 18 Aug, 2017
The marijuana industry is almost unrecognizable when you compare what it is today with what it was a couple of decades ago. Far from the completely black market, the marijuana industry is now valued at $4 billion a year. In … Continue reading
Legal Marijuana Growing Rapidly, But Banks Still Steer Clear 18 Aug, 2017
Next year, billions of dollars are expected to flood the California’s marijuana industry when recreational cannabis is made legal. Even so, these businesses will struggle to secure the services they need with their local banks. But why would such a … Continue reading
Cannabis Industry Becomes Major Job Generator 25 Jul, 2017
When it comes to the legal marijuana industry, many people assume it’s a small, struggling group of people. While it’s true that the industry has encountered many obstacles and likely has more to face in the future, you might be … Continue reading
Christmas in July, Nevada Celebrates Legalization of Recreational Weed 14 Jul, 2017
Nevada has joined Colorado, Oregon, Washington and Alaska in becoming the fifth state to open dispensaries to recreational users. The celebration that took place with the legalization July 1st at midnight included DJs, food trucks and long lines. State Sen. … Continue reading
Number of Banks Serving Marijuana Businesses Increasing, or Is It? 13 Jul, 2017
Many in the marijuana industry were optimistic when they read the recent report from the U.S. Department of The Treasury’s Financial Crimes Enforcement Network (FinCEN). This report revealed a sizeable increase in the number of banks and credit unions providing … Continue reading
What Does Pot Legalization Do To Drug Cartels? 18 Apr, 2017
Up until a few years ago the only way to get recreational marijuana was illegally. This benefitted mostly the drug cartels – and honestly, who wants to do that? With the rise of states offering legalized recreational marijuana, the cartels … Continue reading
States That May Never Legalize Pot 07 Apr, 2017
With the ever-growing support for legalized medical and recreational marijuana, it is hard to fathom that some states may never legalize one or the other (or both). But, there are 14 states that may never do so. It isn’t the … Continue reading
What Iowans Want To Know About Legalizing Marijuana 20 Mar, 2017
While Iowa has legalized medical marijuana for a few ailments, many are pushing for the legalized limits to be widened. Current Iowa law, signed two years ago by Gov. Terry Branstad and set to expire July 1, 2017, allows Iowa … Continue reading
Marijuana Tax Facts for California 17 Mar, 2017
Marijuana is a big tax builder for California, and some new law changes can make it an even bigger tax booster. The tax in Prop 55 is not new, but is an extension of a temporary tax increase approved by … Continue reading
More Than 25% of The Population Legally Light Up 15 Feb, 2017
Right now only about 5% of the US population can legally light up recreational marijuana. Come Tuesday, the number night jump to over 25%. Recreational marijuana is the hot topic on many state ballots, and it will be interesting to … Continue reading
Illinois Sets the Standard For New Medical Marijuana States 08 Feb, 2017
When thinking of lucrative medical marijuana states, Illinois may not be the first on your list. However, in the last year Illinois has sold more than $24 million in medical marijuana. Yes – it is all taxed and the state … Continue reading
Florida’s Problem with Cutesy Pot Packaging 08 Feb, 2017
Of all the issues people can have with pot, the last thing you would think about is the packaging, right? Well, in Florida lawmakers and citizens are in an uproar over the “candy-like” and “cutesy” packaging of pot. Let’s rephrase … Continue reading
The Newest Medical Marijuana Craze: Pets on Pot 07 Feb, 2017
What do you think about when the term “medical marijuana” comes up? Cancer patients? Fibromyalgia? Pets? The latter is probably not going to be one of the first things that hits your mind, but more and more people are turning … Continue reading
Tennessee May Soon Have Legalized Pot 13 Jan, 2017
All it took was one trip for a Tennessee lawmaker to decide that legalized marijuana was a good idea for his state. Representative Jeremy Faison said that his mind changed after a trip to Colorado a few months ago. Since … Continue reading
Hawaiian Dispensaries Have More Work Ahead of Them 11 Jan, 2017
Nearly 500 people linked to more than 50 companies competed for licenses to operate Hawaii’s first medical marijuana dispensaries. While some well-known figures such as actor Woody Harrelson and tech entrepreneur Henk Rogers have already been identified (their applications were unsuccessful), a much … Continue reading
The Public’s Problem with Marijuana: Public Safety 10 Jan, 2017
Arkansas is voting in a few short days on the legalization of marijuana – and the main issue with proponents isn’t the marijuana itself, but rather public safety concerns. This is just – marijuana and illegal drugs in general can … Continue reading
Arkansas Voters Can Decide on Medical Marijuana 10 Jan, 2017
With all of the states voting on medical marijuana, either this year or the years’ past, did you ever think that Arkansas would be one of these? A Bible belt state that is one of the most conservative in the … Continue reading
What We Know About Marijuana Legalization 06 Jan, 2017
As Arizona, California, Maine, Massachusetts, and Nevada prepare to vote on marijuana legalization next month, all eyes are on the initial outcomes of those states that have already legalized marijuana. In 2012, Colorado and Washington became the first two U.S. … Continue reading
The Issue with Rushing Legalized Pot Legislation 22 Dec, 2016
There are simple ways to tell if a driver is drunk. There is a breathalyzer, a speech test, and a walking test. But, what happens when a policeman comes across a stoned driver? What test are there? No one — … Continue reading
So, What Happens to Pot Users When It Is Legalized? 22 Dec, 2016
We all know what happens to pot itself when it is legalized. There are high taxes placed on it, and there are quality-control regimens that are put into place, to ensure safety and purity. No one argues against quality and … Continue reading
Nationwide Support Grows for Legalized Marijuana 16 Dec, 2016
With many states offering up legalized recreational or medical pot on their ballots this week, nationwide support is growing for its legality. According to the Pew Research Center, 57 percent of U.S. adults say the use of marijuana should be … Continue reading
New Jersey Could Soon Have Legalized Pot 16 Dec, 2016
Of all the states that have legalized pot of some form on the ballot, New Jersey puzzles some. The vastly Democratic state with a Republic governor may soon has legalized pot. While this state could use the extra tax benefits … Continue reading
Canada’s Quest to Legalize Pot 16 Dec, 2016
Canada has a country-wide medical marijuana legalization task force, and while it may be successful, many wonder what is next. The expectation is that legalized recreational marijuana may happen as soon as 2017 – but will this make a big … Continue reading
Marijuana Cigarette Startups – It Is Now a Reality! 28 Sep, 2016
Pot shops are still taboo in many places in the ‘States, so just think about the reception of marijuana cigarette companies. Yeah… for some it’s not good. For others, it’s great! Waling in, buying the pre-rolled marijuana cigarettes that are … Continue reading
What Does Marijuana Tax Revenue Mean for You? 28 Sep, 2016
Boulder, Colorado has reported a whopping 8.4 million is taxes from its legalized marijuana sales. Yes – that’s million. So, what does this mean for you if you live in Boulder County? Well, it means improved roads, infrastructure, and schools. … Continue reading
MMA Provides Credit Card Processing for Cannabis Medical Merchants 12 Aug, 2016
Marijuana merchant (MMA) recently announced that it now offers credit card processing solutions for medical cannabis merchants. In the past, only retail dispensaries were able to utilize MMA’s PIN based programs, due to industry regulations. Now, MMA can offer wireless … Continue reading
Women Take Control of Marijuana Legalization and Dispensary Check Processing 03 Mar, 2016
In the many businesses that women lead in, marijuana isn’t usually what you think of. Due to 13 states legalization of recreational and/or medical marijuana, women have taken the reigns of this up and coming legal business. In 2015 the … Continue reading
2016 Will Be Medical Marijuana’s Biggest Year With Marijuana Payment Processing 03 Mar, 2016
While legalization of marijuana in many forms – and in many states – garnered over $5 billion dollars in 2015, the sums are expected to grow for 2016. More unique products are being created, and the stigma that once surrounded … Continue reading
2015 Legalized Marijuana Records Boom With Marijuana Payment Solutions 03 Mar, 2016
Colorado’s legalized marijuana sales in 2015 may have hit two major records. While the numbers are not yet certain, the Colorado Marijuana Enforcement Division believes that the legalized products brought in over $900 million in 2015, doubling 2014’s numbers. The … Continue reading
Lawmakers and the Public are mixed with Legalized Marijuana 03 Mar, 2016
Luckily for the marijuana industry, the legalization is voted in by each state. 22 state currently have some form of legalization, and like any law, not all citizens are pro-marijuana. Lawmakers and citizens on both sides are teaming up, fighting … Continue reading
Business vs. Public Health: Marijuana Merchants Have New Issues 03 Mar, 2016
While the Feds, the state government, and opposing citizens are big issues for marijuana merchants, the California Marijuana Legalization Legislation may have inadvertently delivered a new issue for merchants to deal with: the balance of business versus public health. Apparently … Continue reading
Grassroots Unions a Product of Legalized Marijuana Also Use Marijuana Payment Solutions 03 Mar, 2016
Legalized marijuana has brought a lot of changes to the twenty-two states have offer it. From increased tax revenues, to less drug crime, to more creative pot products, the changes are endless. Other issues were not great, such as the … Continue reading
Prohibition of Medical Marijuana is a Win for the Black Market 02 Feb, 2016
It has been 20 years since Californians approved Proposition 215, the medical marijuana policy that allows for growth and distribution of the drug to designated patients. Since then, the growth and distribution of medical marijuana has been controlled by local … Continue reading
Vermont Governor Moves to Legalize Marijuana 02 Feb, 2016
Vermont Governor, Peter Shumlin, called for the state to legalize marijuana through the legislative process, and not the ballot box. In his State address, the governor said that over 80,000 Vermonters reported using marijuana in 2015. This he claims is … Continue reading
Illinois Medical Marijuana Business Booming 02 Feb, 2016
Illinois medical marijuana dispensaries made over $801,000 in medical cannabis sales since last November. According to the Associated Press, the retail price of medical cannabis is about $14 to $15 per gram. In addition, Illinois earned approximately $57,000 in taxes … Continue reading
New York Says Yes to Medical Marijuana 02 Feb, 2016
This week, New York has become another U.S. state to allow the use of medical marijuana. Eight dispensaries have opened so far, each supplying a variety of tinctures, vapors, concentrates and other forms of the drug. How many patients will … Continue reading
Many States Predicted to Legalize Medical or Recreational Marijuana in 2016 28 Jan, 2016
Many are declaring 2016 the year of the “Green Rush”. There is no year leading up to this one that has offered as many promises for marijuana legalization. At the moment, 14 states have the potential to legalize MMJ, adult-use … Continue reading
Missouri Secretary of State Approves Medical Marijuana Petition 28 Jan, 2016
In October 2015, The Missouri Times reported the results of an informal online poll conducted by the St. Louis Business Journal. In this poll, an overwhelming 85% of respondents said “yes”, with only 13% answering “no”. These results came as … Continue reading
Mount Vernon, Washington Experiencing a Drop in Marijuana Prices 28 Jan, 2016
According to recent reports, the price of marijuana is dropping significantly. When the retail industry kicked off in July of 2014, the average price for marijuana was $25 to $30 a gram, according to The Daily News in Longview. As … Continue reading
2016’s Trends in the Marijuana Industry 27 Jan, 2016
With more states heading into the legalized marijuana realm, trends are likely to change. Even if more states were not legalizing this valuable herb, trends would change for those in this ever-changing world. New consumers and new locales mean that … Continue reading
California’s Ever Changing Medical Marijuana Rules 27 Jan, 2016
California was one of the first states to embrace medical marijuana, and they have led to many other states following suit. However, since its legalization in the state, regulations have changed numerous times, making the industry hard for merchants to … Continue reading
Marijuana May Bring Forth an Argument over Federal Preemption 27 Jan, 2016
For everything under the sun, if state and federal law contradict each other, the Feds win. However, new court cases are challenging this rule, and the cases involve marijuana. Legalized marijuana merchants have a tough time finding everything from funding … Continue reading
Can Native American Tribes Solve MMJ Banking Problems 15 Dec, 2015
For the last few years, marijuana merchants have searched for legitimate payment processing solutions. Even businesses headed by experienced entrepreneurs with solid business plans have been rejected by banks and other financial institutions. Now cannabis companies might find banking solutions … Continue reading
Why Cannabis Needs Regulation 15 Dec, 2015
As cannabis is legalized across the country, manufacturers are searching for ways to legitimize their products through packaging. Currently, the industry is comprised of a patchwork of state-level regulations that regulate taxes, manufacturing, methods of consumption, labeling and more. Cannabis … Continue reading
Ohio Says No to Recreational Marijuana 15 Dec, 2015
States that are fighting to legalize marijuana next year should be paying close attention to what is happening in Ohio. Ohio’s ballet measure, Issue 3, was defeated by a crushing 64 percent by voters. The ballet would have allowed only … Continue reading
Big New York Banks Say No to MMJ 11 Dec, 2015
New York recently awarded five medical cannabis businesses licenses to operate in the state. Despite official recognition, the winners will most likely have a hard time finding a financial institution to provide services. Although the Obama administration vowed to not … Continue reading
Federal Reserve Says No To Cannabis Money, Why? 11 Dec, 2015
The U.S. Federal Reserve stated in a Colorado court that it won’t accept money made from the sale of cannabis since it is still an illegal drug under federal law. The Federal Reserve also asks to dismiss a lawsuit brought against … Continue reading
How Mexico’s Pot Ruling Affects Every Marijuana Merchant 09 Dec, 2015
Mexico is taking control when it comes to marijuana – at least somewhat. Thanks to a recent Supreme Court ruling, four people in the Mexican Society for Responsible and Tolerant Personal Use can now grow and use their own marijuana. … Continue reading
Legalized Marijuana May Be Headed to Mexico Soon 09 Dec, 2015
In early November, the Mexican Supreme Court opened the doors for legalized marijuana sales. While we in the US hear a lot about the dangers of the drug coming from Mexico, the prospect of its legalization may soon change the … Continue reading
The Police Have Spoken: Pot is the Least of Their Drug Worries 09 Dec, 2015
While some in the media – and well-paid lobbyist – want to convince you that pot is evil, our police have a different take on the drug. The DEA released its annual survey of law enforcement officers from around the … Continue reading
Democratic Presidential Candidate Sanders Presses Senate to Legalize Marijuana 09 Dec, 2015
Senator Bernie Sanders from Vermont is pushing his fellow senators to legalize marijuana nationwide. While this isn’t a shock due to Senator Sanders views, it does show that the American people may be ready for a change. Sanders is rising … Continue reading
Why Ohio Nixing Legalized Pot May Affect the Entire Country 09 Dec, 2015
Ohioans have spoken: Marijuana – neither medicinal or recreational – should be legalized. While other states have legalized pot in medicinal, recreational, or both forms, Ohioan have taken a stand against it. While it is proven to provide therapeutic care … Continue reading
Tax Free Pot Holiday Brings Many to Denver 14 Oct, 2015
Many areas host “tax free” weekends or holidays for various goods: clothing, electronic, back to school goods. Back in September, Denver got creative and held a tax free marijuana sales day. Thanks to Colorado’s Taxpayer’s Bill of Rights (TABOR), the … Continue reading
Florida Residents Petitioning for Recreational Marijuana 14 Oct, 2015
Colorado and Washington State are currently the only two state that allow recreational marijuana sales. In 2016, Alaska and Oregon will join in the pot game. It seems as though residents are voting for the revenue, and the product, and … Continue reading
Canada’s Medical Marijuana Money Growth 14 Oct, 2015
Canada is in the midst of a $3 million dollar medical marijuana financing boom. While medical marijuana patients are not as numerous as the country has hoped, this boom in financing can help get the word out – and … Continue reading
Dispensaries Make Money, But Who Will Process Them? 14 Oct, 2015
Legalized marijuana and medical marijuana dispensaries bring in money for the areas that they operate in. Sometimes they are heavily taxed (i.e., Denver’s tax is 10%), but that doesn’t stop the masses from purchasing what they need – or want. … Continue reading
Welcome to New York, Where Marijuana Merchants Are Left Without Business Funding 14 Oct, 2015
Even though New York has legalized medical marijuana sales and usage, merchants are still having issues finding a marijuana business funding source. While most of the major US banks are headquartered – or have offices – in NYC, they are … Continue reading
Washington State will Soon Welcome New Marijuana Dispensaries 14 Oct, 2015
Washington State, mecca of grunge metal, Starbucks, and rainy weather, has opened up the application process for wannabe marijuana dispensaries. While Denver gets most of the talk when it comes to legalized recreational marijuana sales, Washington State brings in millions … Continue reading
Oregon, It’s Time to Light Up! Recreation Marijuana is Now Legal 08 Oct, 2015
Like its neighbor, Washington State, Oregon is cashing in on legalized marijuana. While many are clamoring to get into the industry, or at least partake in the legalized goods, others are trying to limit these merchants. Some consider this a … Continue reading
Tips for Hiring Marijuana Dispensary Staff 08 Oct, 2015
All shops need staffing. From automotive shops to doll shops, and yes, even pot shops, good staff makes all the difference in keeping business and losing business. In our social media-driven world, one bad review can topple your business, thanks … Continue reading
Up in Smoke: The Ohio Banking Industry is Trying to Shut Down Marijuana Legislation 08 Oct, 2015
We all know that banks hate legalized marijuana merchants, be it recreational or medical. These industries are “high risk”, and God forbid that one actually succeeds. The Ohio Banker’s League recently voted to knock down Issue 3 which would legalize … Continue reading
New Rules Have Los Angeles Dispensaries Scrambling Not To Close 08 Oct, 2015
When it comes to marijuana dispensaries and their rules, it seems that anything goes with California’s law makers. The newest rules have dispensary operators scrambling to keep their doors open. While Californians have (for the most part) welcomed marijuana dispensaries … Continue reading
Why Financial Institutions Fear Offering Medical Marijuana Payment Processing 28 Sep, 2015
There has been much talk over why marijuana businesses need marijuana payment solutions. Much has been debated and discussed concerning why it is not safe or practical for these businesses to have to operate in cash only. However, not much … Continue reading
The Benefits of Check Processing for MMJ Delivery Service Companies 28 Sep, 2015
With the growing acceptance and popularity of medical marijuana, there is a legitimate need for merchant account services and credit card processing. This need is even greater for marijuana delivery startups. The manner in which this type of business operates … Continue reading
Securing Payment Processing Solutions for Marijuana Dispensaries 25 Sep, 2015
One of the biggest hurtles for the marijuana industry is payment processing. Until marijuana is no longer classified as an illegal Schedule I drug, financial institutions will continue to be faced with regulatory issues when it comes to approving a … Continue reading
MMJ Delivery Service Companies Face New Tax Issues in California 25 Sep, 2015
A new issue has recently come up for the California medical marijuana industry concerning delivery services. The dispensaries that use delivery services to transport cannabis to patients may face a new challenge on the tax front if they fail to … Continue reading
MMJ Businesses Seek Payment Solutions Elsewhere after KC Fed’s Denial 24 Sep, 2015
The marijuana industry continues to experience one setback after another. This summer has been no exception. At the beginning of August, it was reported that the Federal Reserve Bank of Kansas City was caught in the middle of a heated … Continue reading
Marijuana Payment Processing; Best Option after Banking Setbacks 24 Sep, 2015
As a whole, the industry has experienced a handful of high-profile banking setbacks this year. Industry and banking experts are calling for real changes if things are going to improve on the federal level for the marijuana industry. In July, … Continue reading
Marijuana Business Funding – California Businesses Await Statewide Regulations 24 Sep, 2015
Medical marijuana is not new to the state of California. Although California was the first state to legalize medical cannabis in 1996, it never managed to establish statewide regulations on the medical cannabis industry. As a result, a mishmash of … Continue reading
Merchant Account Services Offer Marijuana Growers Relief 23 Sep, 2015
As fires rage across the U.S., it isn’t just farmers and ranchers that are being affected. The marijuana industry is also struggling with the devastating effects of wildfire season. While some growers have been spared from the fires, others have … Continue reading
Lessons from the Business Executive – Marijuana Business Funding 23 Sep, 2015
There’s a reason why people like to say “been there, done that”. Someone who has learned how to handle a situation, or a business, has done so with a lot of trial and error. Yes, some things were figured out … Continue reading
Cautious Bankers Weigh Risk vs. Profit – MMJ Merchant Account 23 Sep, 2015
For banks, the marijuana industry has become a question of risk vs. profit. Even though marijuana is becoming legal in more and more states for both medical and recreational use, the vast majority of banking institutions in the U.S. are … Continue reading
Plans for Recreational Marijuana Regulations in California Begin 26 Aug, 2015
It is well known that medical cannabis is big business for California. However, California’s history with the regulation of medical marijuana has been described as being subpar and disjointed, at best. After the fiscal analysis by the office of California … Continue reading
The Fourth Corner Credit Union Denied Master Account by U.S. Federal Reserve 26 Aug, 2015
For some time, businesses have been waiting to see the outcome of The Fourth Corner Credit Union’s request for a master account with the U.S. Federal Reserve. The master account would allow the credit union to work with marijuana companies … Continue reading
The 5 Winning New York Companies Receive Their Medical Marijuana Licenses 26 Aug, 2015
In July 2014, New York Gov. Andrew M. Cuomo signed the Compassionate Care Act which also authorized the marijuana outlets. The Health Department called the decision on the issued registrations a “rigorous and comprehensive” review on prospective purveyors of the … Continue reading
Cannabis Trade Groups Adds Pressure to Improve Marijuana Bank Access 26 Aug, 2015
For the majority of medical marijuana companies, the entrepreneurs behind them wish to be completely transparent and viewed as a legitimate business. Because financial institutions are regulated on the federal level, most banks and credit unions have been reluctant to … Continue reading
Medical Marijuana Bill is Slowed Down in the U.S. Senate 26 Aug, 2015
Many are disappointed in the amount of time it is taking to build support in the Senate for a medical marijuana bill. At the moment, it is not getting the backing it needs to advance before the August recess. While … Continue reading
ACH Check Processing Solution for MMJ Delivery Merchants 21 Aug, 2015
If you are a new marijuana business, it is extremely important that you have a proficient and flexible payment processing system. There are a variety of payment options available for merchants to utilize. MMA provides payment processing solutions like ACH … Continue reading
Setbacks for Marijuana Banking Shows Need for Federal Change 21 Aug, 2015
There have been quite a free setbacks for the cannabis industry lately, and it doesn’t seem as if state and financial institutions will be able to create a workable solution anytime soon. Currently, 20 states along with the District of … Continue reading
TV Ads Still a No Go for Cannabis 21 Aug, 2015
The first television ad for recreational marijuana was produced this month, but was yanked at the last minute due to legal concerns. The ad for Neos, a producer of cannabis vaporizers and oils, was supposed to air in Denver, Colorado. … Continue reading
California is Wanting a Marijuana Bank 21 Aug, 2015
Banks are everywhere, and most of us have an issue with our bank at one time or another. However, for legalized marijuana merchants in California, these issues are never-ending. From finding a business account, to the fear (and reality) of … Continue reading
Marijuana Merchants, You Can Get Business Funding! 21 Aug, 2015
Legalized marijuana sales are on the rise, and this is a great time to hop into the industry. While the sales are great, and the business earnings are great, it can be tough to break into the business. Even in … Continue reading
Nevada & Medical Marijuana: What Merchants Need to Know 21 Aug, 2015
Legalized marijuana of all shapes and sizes is big business. More and more states are legalizing the drug, and with any new legalized product comes big business – and big headaches. Nevada medical marijuana merchants are learning this the hard … Continue reading
Smoking Marijuana Outside of Work Hours can Still Get You Fired in Colorado 27 Jul, 2015
Colorado ruled in favor of legalizing cannabis, yet workers still need to remain cautious about using it. Businesses retain the right to fire employees who use marijuana, even outside of work hours. It’s up to each individual business to decide … Continue reading
6 States Where Marijuana is Legal but Hard to Get 27 Jul, 2015
Many states across America have decided to legalize marijuana for recreational and medical purposes. However, some states still make it quite difficult for consumers to get their hands on it. With marijuana payment processing accounts being difficult to get approved … Continue reading
Washington D.C. Bill Keeps Marijuana illegal for At Least Another 2 Years 27 Jul, 2015
While marijuana is becoming legal in more and more states, Washington D.C. seems to be regressing with their new bill to outlaw the drug until at least 2017. With this bill, there is no hope for cannabis to become legal … Continue reading
Legalization of Oregon Recreational Marijuana Could Mean Big Bucks for Dispensaries 24 Jul, 2015
The medical marijuana industry is waiting for Gov. Kate Brown to sign a bill into law that would allow the state’s 310 dispensaries to sell recreational marijuana. Medical marijuana dispensary owners are hoping the bill goes into effect as many … Continue reading
Canadian Supreme Court Legalizes Edible Medical Marijuana 24 Jul, 2015
On July 11th, the Canadian Supreme Court ruled that medical marijuana will be legal in both consumable and inhalable forms. Until now, medical marijuana has only been available in inhalable form. The ruling is a win for individuals who use … Continue reading
New MMJ Dispensaries Geared to Make a Ripple in U.S. 24 Jul, 2015
In the last 10 days, 3 states have opened MMJ dispensaries. The states of Massachusetts, Minnesota, and Delaware have seen their first medical dispensaries. Medical marijuana advocates are elated by the openings and believe that they will do wonders for … Continue reading
Banks Remain Wary of Marijuana Businesses as Alternative Payment Processor Step In 24 Jul, 2015
Banks have historically been mostly unwilling to work with different state-legal marijuana dealings across the US. Their cageyness has been founded on the fear of being implicated as cash launderers. This has traditionally forced marijuana-related businesses to trade exclusively on … Continue reading
Marijuana Dispensaries Slow to Accept Credit Cards despite Friendly Federal Policy 24 Jul, 2015
Marijuana in the US is a controversial commodity. It remains a Schedule I substance at the federal level implying that it is not legal to produce, distribute, or possess it. Yet, at the same time, the Obama administration has shown … Continue reading
California Advances two Bills Regulating Medical Marijuana 22 Jul, 2015
Medical and recreational marijuana is big news in all states. From the legalization of cannabis oil for terminally ill patients in Georgia, to legalized recreational marijuana in Colorado, the topics and talk are endless. While states and consumers are embracing … Continue reading
Retail Marijuana Sales May Start Early in Oregon 22 Jul, 2015
Oregon merchants and consumers, rejoice! There is a chance that retail marijuana sales may start early – in fact, one year early. While there was a 15 month hold for retailers, the state may waive the hold, and sales may … Continue reading
Legalized Marijuana Helps All Industries – Including Real Estate 22 Jul, 2015
Marijuana and real estate may seem like they do not go together, at least legally. When you think of the two words together, you may think of a big drug lord and his mega mansion. However, in today’s world legalized … Continue reading
Sacramento Marijuana Bill makes it to the Senate 21 Jul, 2015
As marijuana becomes decriminalized at a much faster rate, more laws are being instated. With 25 American states already legalizing marijuana, it’s important for regulations and growing restrictions to be placed. The Sacramento bill AB-243 has recently passed and is … Continue reading
House Bill Aims to Reduce Barriers to Medical Marijuana Research 21 Jul, 2015
With medical marijuana legal in 25 US states, the federal government has to rethink their standing on the subject. Although medical use of cannabis is legal for certain states, it remains a schedule I drug on federal grounds. This makes … Continue reading
Time to Move Forward as House Reauthorizes Rohrabacher-Farr CJS Amendment 17 Jun, 2015
Eyes are now focused on the future after the United States House of Representatives backed the reauthorization of the Rohrabacher-Farr medical marijuana amendment through a majority vote. The amendment has been authorized to the CJS- Commerce, Science, and Justice Appropriations … Continue reading
Should States Set Their Own Marijuana Rules? Time for Congress to Say Yes 17 Jun, 2015
The US law maker- Congress holds the power to determine laws in the nation. That vested power is currently set to decide whether states will have the sovereignty to make their own marijuana policies. Different states have made considerable steps … Continue reading
Legal or Not, Big Banks Say No to Big Cash From Marijuana 17 Jun, 2015
After a long time of legal battles to have medical marijuana legalized in the US, the nation has finally given a green light to have this business recognized. This means heavy cash in the hands of the people. When you … Continue reading
House Votes to Protect Marijuana Merchants 16 Jun, 2015
The federal government and marijuana merchants are usually on opposite sides of the aisle when it comes to agreeing with, well, almost anything. Luckily, for the second year in a row, the Republican-held House of Representatives voted to protect legalized … Continue reading
Banks Get Conflicting Message on Pot Funds 16 Jun, 2015
Everyone knows that the legalized marijuana business is a moneymaker. However, marijuana is still illegal in the federal government’s eyes, and they can make the moneymaking ability difficult. Even though three states have legalized recreational marijuana, and others have legalized … Continue reading
Get Ready, Minnesota! Registration is Open for Medical Marijuana 16 Jun, 2015
Minnesota is joining other states is allowing its residents to purchase, possess, and use medical marijuana. Registration for the legalized form of the drug has already opened, with the first date of legalized usage being July 1st. This is great … Continue reading
Yet Another Bank Backs Out of the Medical Marijuana Industry 16 Jun, 2015
With federal regulations being so strict in the medical marijuana industry, it’s incredibly difficult for marijuana businesses to work with banks. This leaves them with few choices such as dealing with cash transactions only. This comes with several complications and … Continue reading
Medical Cannabis Businesses Who Find it Hard to Open Accounts – The Search Ends Here 16 Jun, 2015
Medical marijuana is finally becoming legal in Minnesota on July 1st, yet it remains a touchy subject due to federal laws. Banks and financial institutions are weary of working with such businesses out of fear of federal crackdowns. This summer, … Continue reading
Hawaii on the Verge of Opening 16 Medical Marijuana Dispensaries 15 Jun, 2015
Many states have already taken a leap into the world of legalizing medical marijuana and Hawaii is the next to be added to that list. The House Bill 321 was passed by the full house on May 7th, which means … Continue reading
Banks Remain Cautious When Dealing with Medical Marijuana Deposits 15 Jun, 2015
Medical marijuana is definitely becoming a more mainstream discussion with over two dozen states legalizing its use. However, it still remains illegal on a federal level, making it incredibly difficult for medical cannabis businesses to push forward. Dealing with banks … Continue reading
Top 5 Things to Avoid in the Marijuana Industry 12 Jun, 2015
Over the last few years, there has been a lot of chatter and legislation about the marijuana industry. As an increasing number of states have decriminalized marijuana, more companies that grow and distribute the drug have cropped up. But as … Continue reading
To Access Banking, Marijuana Merchants May Have to Build Community Relationships 12 Jun, 2015
For marijuana businesses that are looking for access to banking, the solution may be in building relationships with local banking institutions. Despite recent promises by the United States government not to interfere with the interactions between legal marijuana companies and … Continue reading
Will Marijuana Merchants be Fined in California? 12 Jun, 2015
Marijuana growers in California may face an extra obstacle to production. A new bill called AB 243, written by Assemblyman Jim Wood (D-Healdsburg), is set to be heard in the California Assembly. The bill would require commercial marijuana growers in … Continue reading
Marijuana Dispensaries Slow to Accept Credit Cards 20 May, 2015
The general public opinion can be said to be key in mirroring the medical marijuana trend. There have been mixed debates on whether or not the drug should be made legal and its medical value be recognized. The United States … Continue reading
Legalize Marijuana? Former DEA Agent Now Says Yes 20 May, 2015
Proponents of the mixed debate to have recreational marijuana legalized in the US state of Arizona have got a shot in the arm from an unlikely source. A former special agent of the state’s Drug Enforcement Administration who spent six … Continue reading
Studies Confirm that Cannabis can Aid in the Treatment of Diabetes 20 May, 2015
There are many illnesses that have been declared treatable with medical cannabis. Proponents of medical cannabis have used the drug to treat illnesses throughout history. Today, medical cannabis is being prescribed for numerous illnesses and ailments as a form of … Continue reading
Legal Marijuana Industry Sheds Light on Its Long Illegality 20 May, 2015
Millions are locked up every year for drugs in the United States, and a big percentage of those are for marijuana possession, usage, or manufacturing. The rush of states to legalize pot have made many wonder what happens to those … Continue reading
Colorado Bans EBT Card Withdrawals at Pot Shops 11 May, 2015
Pot shop customers (and merchants), pay attention: Colorado has now banned EBT withdrawals from ATM machines in pot shops. While the state previously banned its withdrawals in casinos, liquor stores, and gun shops, this newest ban may leave some shaking … Continue reading
Understanding How to Operate Under the CA Marijuana Law 11 May, 2015
Are you one of the many individuals in the state of California in need of marijuana for medical use? If you are, there are key aspects of California law that you should know. While the medical use of marijuana is … Continue reading
Marijuana Can Cure Cancer, But Congress Still Won’t Act 11 May, 2015
The National Institute on Drug Abuse (NIDA), may have come out in support of certain chemicals in marijuana to treat cancer cells. A new study by St. George’s University of London, found that the two most common cannabinoids in marijuana, … Continue reading
New Bill Gives States Complete Control over Marijuana Regulation 11 May, 2015
Marijuana users in states that have legalized it may be able to sell and use the drug without fear of federal interference this summer. A bill named, “Respect State Marijuana Laws Act of 2015” was recently introduced to Congress by … Continue reading
Texas Marijuana Legalization Getting Many Votes 11 May, 2015
Medical marijuana use has been a touchy subject for many years now. With many states moving forward with legalization, but federal laws remaining strict, it’s difficult to know where cannabis use stands these days. The “Christian Case” has been making … Continue reading
What Presidential Candidates Really Think About Medical Marijuana 11 May, 2015
The medical marijuana industry has been a debate for many over the course of the past couple decades. With the 2016 presidential elections coming up, many people have been wondering what each candidate truly thinks about medical use of cannabis. … Continue reading
Congress Shows Little Interest in the Marijuana Industry’s Banking Problems 28 Apr, 2015
Despite the pleas from marijuana businesses and medical marijuana users, Congress has revealed that it has no intentions of resolving and addressing the issue of legalizing marijuana any time soon. While nearly half of the states have one small victories … Continue reading
Recreational Marijuana Has Taken Over Medical in Colorado 28 Apr, 2015
While many states are just now hopping on the medical marijuana wagon, the sales in Colorado are beginning to increase for recreational marijuana. Medical marijuana sales in Colorado actually fell during 2014. The number of medical cardholders also fell; these … Continue reading
President Obama Sees the Political Advantages of Cannabis 28 Apr, 2015
President Barack Obama has recently been opening up on the topic of cannabis and its benefits. Many are viewing this move as political. At the beginning of April 2015, Obama traveled to Jamaica for a conference of Caribbean nations before … Continue reading
Majority of Voters in Swing States Are in Favor of Legalization 28 Apr, 2015
Recently, attention has been on the swing states, Florida, Ohio and Pennsylvania. It was not anticipated that these states would be the next to campaign for the legalization of marijuana, but voters have revealed in a recent poll that they … Continue reading
The U.S. Legalization of Marijuana Proves to be Affecting Mexican Cartel 28 Apr, 2015
Much has been said about the battle for legalization of marijuana in the states, but how is this legalization process affecting the illegal scene? According to recent reports, the U.S. legalization of marijuana has really begun to cut into the … Continue reading
According to the DEA, Feds must Grow more Marijuana than Anticipated 21 Apr, 2015
Last year, the Drug Enforcement Administration (DEA) decided that the federal government needs to grow more cannabis. This has been true of 2015 as well. In a proposal published by the Federal Register in early April, DEA Administrator Michele Leonhart … Continue reading
How the CARERS Act can Protect the Needs of Medical Marijuana Patients 20 Apr, 2015
Despite the continued legalization of medical marijuana on the state level, the substance is still very much illegal on the federal level. This is not only making it difficult for entrepreneurs who wish to open dispensaries, but it also makes … Continue reading
Medical Marijuana Dispensaries find themselves Caught between Conflicting Laws 20 Apr, 2015
Hundreds of individuals have found themselves in the middle of legal conflicts over medical marijuana, even though they completed all of the required legal steps to open a dispensary. It would seem that the concerns over the differences in state … Continue reading
Will Legalized Marijuana be moving into the “Swing” States? 20 Apr, 2015
The push for the legalization of both medical and recreational marijuana has been at a crossroads for some time now. Many states have already legalized both uses of marijuana. Even more states are beginning to take steps towards doing the … Continue reading
Legalized Marijuana Businesses Pull in Millions in Cash 20 Apr, 2015
In our past history people in general had a distrust in banks. They didn’t want other people knowing their business. So they hid cash in their mattresses, buried it in coffee cans and found cubby holes in the attic to … Continue reading
Processing Medical Marijuana is Now Easier Than Ever 20 Apr, 2015
Whether or not you are a recreational user of marijuana, the legalization in many states of cannabis for medical reasons has been a real blessing for many families who have children that find relief in using the oil. The people … Continue reading
The Marijuana Industry is Hot, but the MMJ Processing Industry is Still Warm 09 Apr, 2015
The legalized marijuana industry is hot, and it keeps getting hotter. This fantastic for local and state economies, as well as for the customers who relish the product. However, even though the business is making a significant amount of money, … Continue reading
No Plastic for Weed? Why Most Dispensaries do not Accept Credit Cards 09 Apr, 2015
Everywhere accepts credit and debit cards, right? Wrong. Many, in fact most, marijuana dispensaries do not accept debit or credit cards for payment. There are many reasons as to why, but the most common is that it is hard to … Continue reading
Is 2015 the Year of Weed? 24 Mar, 2015
This year, lawmakers across the nation are introducing legislation for recreational and medical marijuana. This onslaught of bills has emboldened marijuana advocacy groups, and have potential investors hoping for an expansion of the pot market. Thus far, 12 states have … Continue reading
Will Increase in Competition Crash the Cannabis Industry in Colorado? 24 Mar, 2015
Recent changes to Colorado’s recreational marijuana market has created a boom in the industry, but has left some afraid of over-saturation. Last October, the state ended its vertical integration rule and opened the market up to new entrants. Although the … Continue reading
Legalization of Marijuana Creates New Economy in Denver 24 Mar, 2015
Since the legalization of recreational marijuana in Denver in 2014, the city has created a profitable industry where individuals and businesses can thrive. Now the city officially has more marijuana dispensaries than Starbucks, making it the place to be for … Continue reading
Obama Makes it Easy for Marijuana Users 24 Mar, 2015
President Barak Obama addressed Kansas City –based KMBC in February about how states could legislate their marijuana laws so that they discourage marijuana use, but don’t impose excessive penalties on recreational users. These comments come at a critical time for … Continue reading
Investor Group ResponsibleOhio Aims for Recreational Marijuana Amendment for November Ballot 24 Mar, 2015
Progress is being made in the state of Ohio towards an amendment that would legalize recreational marijuana. The pro-recreational marijuana organization ResponsibleOhio has raised $36 million towards getting the amendment onto the November ballot for 2015. The group aims to … Continue reading
Colorado Revenue Report Shows Growth in Recreational Marijuana Market 24 Mar, 2015
The Colorado Department of Revenue released its annual report on the nation’s first market for recreational marijuana products. Alongside Washington, Colorado was the first state in the US to legalize recreational marijuana. Of course, the discrepancy between state and Federal … Continue reading
Virginia Governer Legalizes Liquid Cannabidiol for Epilepsy Patients 24 Mar, 2015
Virginia Governor Terry McAuliffe signed into law a Virginia bill legalizing cannabidiol for patients suffering from severe epilepsy. Cannabidiol is a non-intoxicating form of cannabis that is used to combat certain mental disorders as well as physical conditions. Virginia is … Continue reading
Rep. David Simpson Proposes Ending Pot Prohibition in Texas 23 Mar, 2015
On March 2, Texas’ Independence Day, Rep. David Simpson used the occasion to voice his opinion on marijuana and its place in Texas. He filed a sweeping bill (HB 2165) that would potentially end marijuana prohibition for the state. This … Continue reading
Potential Bill Could Provide Big Opportunities for Marijuana Companies 23 Mar, 2015
A new measure introduced to Alaska’s state legislature could potentially create opportunities for expansion minded cannabis companies in other states. This measure would ban applicants seeking a recreational cannabis license from accepting third parties. The result of this piece of … Continue reading
Maine’s Medical Cannabis Sales Continue to Grow 23 Mar, 2015
Taxes on Maine cannabis dispensaries was 40% higher in 2014 than 2013. Sales have obviously increased by a similar amount. It has been estimated that Maine dispensaries sold an estimated $16.2 million worth of cannabis in 2014. According to the … Continue reading
The Momentum Needed to Legalize California 04 Mar, 2015
California was the first state to legalize medicinal marijuana, but has fallen behind in the efforts to legalize it for recreational use while Colorado, Washington, Oregon, and Alaska has successfully started selling and making profits from marijuana sales. It was … Continue reading
Marijuana Industry Banking focus for Colorado Governor 28 Feb, 2015
The traditional banking industry has disassociated from the marijuana industry for a long time. All that is about to change in the state of Colorado with the Governor focusing on putting the marijuana industry banking a top priority for the … Continue reading
Michigan State Corrections Officers Testify Marijuana Helps With Pain 28 Feb, 2015
In a twisted case that turned police against their own, three corrections officers were accused with illegally using marijuana butter, although they legally secured state medical marijuana cards in Michigan. Three corrections officers in Kent County were using marijuana butter … Continue reading
Get High on Profits with MMA Payment Processing 24 Feb, 2015
Last August, Deputy Attorney General James Cole issued a memo that outlined a new Department of Justice policy that declined the enforcement of the Controlled Substances Act if that specific state legalized marijuana. As a result, the Obama Administration released … Continue reading
With Great Cash Comes Greater Struggle 19 Feb, 2015
When you legalize an industry that has been illegal for too long, the changes to the business landscape of such a change are plenty. This is the case with the marijuana industry, whereby an increasing number of business opportunities are … Continue reading
Why Marijuana Shouldn’t Be A Big Deal 19 Feb, 2015
Few things are as controversial and under the debate as the legalization of marijuana. Quite recently, Republicans have tried to form a case of medical marijuana, claiming that the use of the plant should be allowed to treat epilepsy patients. … Continue reading
Exciting Times to Be a Pot Lover 19 Feb, 2015
The debate as to whether or not marijuana should be classified as an illegal narcotic is no headline. It has been around for quite some time, and the advocates of both the sides have been fairly vocal. However, it wasn’t … Continue reading
Is Legalizing Medical Marijuana a Smart Fiscal Move? 19 Feb, 2015
The battle to legalize marijuana is more heated than ever. Opponents of legalization believe it will cause higher drug use among teens and increase drug related accidents. Proponents think that legalization will create an influx of state revenue, and reduce … Continue reading
New Bank Option could Breath a New Life into Marijuana Industry 30 Jan, 2015
A new solution for medical marijuana businesses may be floating on the horizon. Since the recent push for the legalization of medical marijuana in certain states began, those who have ventured to start a business have encountered the same recurring … Continue reading
Medical Marijuana Growing Tips 30 Jan, 2015
Are you new to the marijuana industry? Could you use some tips on the marijuana growing process? The following tips are meant to help you as you get started. The goal is to grow the most potent marijuana that is … Continue reading
Marijuana Glossary Terms 30 Jan, 2015
Not sure about some of the terms floating around the cannabis industry? What are “edibles”? What is “indica”? This glossary of terms will broaden your understanding of the jargon of the medical and recreational marijuana industry. Backcross (BX) – this … Continue reading
How to Open a Marijuana Dispensary in California 30 Jan, 2015
There is a fine line that must be followed for those who wish to open and operate a medical marijuana dispensary in the state of California. From a legal standpoint, it is a very risky venture. On the federal level, … Continue reading
Medical Marijuana Breeding just as Attractive as Growing 29 Jan, 2015
Despite the use of marijuana still being illegal on the federal level, businesses still continue to grow and prosper under the legalization of the substance in some states. Some growers have gone as far as beginning to breed. Breeding is … Continue reading
Veterans Press VA in order to Secure Medical Marijuana Treatment 29 Jan, 2015
The struggle continues for those in need of medical marijuana. While states continue to legalize the substance for medical and even recreational use, it still remains illegal on the federal level. The federal government still classifies marijuana as a Schedule … Continue reading
The Task of Merging the Medical Marijuana Market with the Recreational 29 Jan, 2015
Since the very beginning of the push for the legalization of marijuana, the industry has experienced challenge after challenge. First, the battle for the legalization of medical marijuana raged. With the substance being illegal on the federal level, the issue … Continue reading
Amendment Passed for Medical Marijuana, Feds No Longer Involved 29 Jan, 2015
Congress approves amendment to prevent DEA from raiding state-legal medical marijuana dispensaries. State funding will be allocated to other issues and crimes that need attention. This is the first time in history that Congress has voted in favor to end … Continue reading
Congress Ends the Ban on Medical Marijuana 29 Jan, 2015
A provision made in the 1,603 page Federal Spending measure that was approved in December 2014, effectively ends the federal government’s involvement in state legal medical marijuana laws. This is the first time in history that Congress has allowed this … Continue reading
Marijuana industry creates new job sector with an estimated 200,000 jobs 29 Jan, 2015
The Marijuana industry will create an estimated 200,000 jobs by the end of 2015, with a forecasted $21 billion in revenue by the year 2020. The marijuana legalization measure passed in December 2014 will bring safety for those interested in … Continue reading
The Numbers Are In: Recreational Marijuana Sales and Tax Data From Washington State 22 Dec, 2014
The state of Washington has seen beneficial growth in taxes from the legalization of marijuana. Cannabis sales have been profitable each consecutive month and are only growing. Since sales began on July 8, 2014, retail stores have made $31.6mm combined … Continue reading
Non-Smokers Are Also Supporters of Legal Marijuana 22 Dec, 2014
Support for legalization is being increasingly popular amongst a wider audience.The attitudes towards marijuana use are seeing positive light in the United States from supporters that don’t even use the drug. More research in recent years suggest that Marijuana should … Continue reading
New York Awaiting Reforms to Compassionate Care Act 22 Dec, 2014
The Compassionate Care Act that was signed into law this past July in the state of New York has pulled it into the group of states who are accepting of medical marijuana. Despite this measure, the program remains limited from … Continue reading
Marijuana Legalization Brings a New Need for Further Research and Caution 19 Dec, 2014
The success of marijuana initiatives has revealed that the nation’s feelings towards the idea has softened. Even though only four out of the fifty states have legalized recreational use, voters have displayed that their opinions on marijuana no longer fall … Continue reading
Minnesota Chooses Who will have the First Coveted Grow Licenses 19 Dec, 2014
On May 29th, Governor Mark Dayton signed a bipartisan medical marijuana proposal that made Minnesota the 22nd state to exempt certain sick individuals from receiving penalties for using marijuana with a doctor’s certification. The medical marijuana laws are strict in … Continue reading
Marijuana Legalization Faces New Concerns Regarding Smuggling 19 Dec, 2014
With the number of states permitting recreational and medical use of marijuana growing, there are some concerns both at home and across the border that are making their way into the spotlight. Because of the legalization that has occurred on … Continue reading
Colorado’s Pot Industry Moving to Change the Face of the Industry 19 Dec, 2014
As the first anniversary of the legalization of recreational marijuana in Colorado approaches, those involved are making it a priority to change the face of the industry. The push is for the “stoner culture” stereotype to be removed and for … Continue reading
Marijuana Advocates Fight to Bring Pot to Idaho 19 Dec, 2014
Marijuana advocates are taking another shot at legalizing marijuana in Idaho. After failing to acquire the signatures needed to get a marijuana initiative on the ballot in 2012 and 2014, advocates believe they have a shot in 2016. New Approach … Continue reading
Medical Marijuana Merchants Shackled to Cash Despite Security Risks 19 Dec, 2014
Legal medical marijuana dispensaries are squeezed between a rock and a hard place because traditional banks won’t take their business. Even though the Obama administration issued guidelines designed to help banks work with legal marijuana businesses, not many banks have … Continue reading
Why It May Be Time to Invest in Marijuana 19 Dec, 2014
Florida’s medical marijuana proposition failed this week. The proposed law that would have made medical marijuana legal in one of the largest states in the nation, needed a 60% vote but fell short at 58%. Another five to ten states … Continue reading
The Tobacco, Pharmacy, & Alcohol Industry Trying to Enter The Marijuana Industry Might Just Be a Good Thing 21 Nov, 2014
Here comes the new kid on the block. Her name is Marijuana and she’s oblivious to the other guys on the street. She just wants to say hello and be accepted, but Tobacco, Pharma, and Alcohol don’t see a friend, … Continue reading
New 2017 President Could Stop All Progress for Marijuana Legalization 21 Nov, 2014
The new President that steps into office in January 2017 could bring good or bad news regarding the legalization of marijuana. Over the recent years, the marijuana prohibition has been lowering their walls across several states such as Colorado and … Continue reading
4 States Legalize Marijuana 17 Nov, 2014
Currently just four states have taken the step forward and allowed the recreational use of marijuana; it is no longer a criminal offense to use the drug if you are over 21. This will allow businesses to grow and develop, … Continue reading
Federal Taxes Crippling Marijuana Businesses 17 Nov, 2014
It is difficult to imagine running a business where you are unable to deduct your business expenses when filling out your Federal taxes, but this is just part of the headache that marijuana businesses are facing. It is possible in … Continue reading
Grow Your Own Marijuana in the Nations Capitol! 17 Nov, 2014
Washington D.C has voted against keeping marijuana as an illegal drug to use for recreational purposes. They have voted in favour of people being able to use and grow their own drug; unfortunately, they have yet to agree to the … Continue reading
The Third State To Legalize Recreational Use Of Marijuana 17 Nov, 2014
Oregon has taken the step forward with marijuana. They have legalized the use of the drug for recreational purposes; the third state to make the stand against the inaccurate view of the drug. Oregon is following the lead from Colorado … Continue reading
Legalized Marijuana for Recreational Use and Marijuana Payment Processing Account Solutions 17 Nov, 2014
Prior to Alaska legalizing marijuana for recreational use, which is now the fourth state to take this step; many states have passed laws that allow citizens to use the drug for medical uses, currently 23. This is a positive step … Continue reading
The War on Drugs Could End this November for Many Americans 30 Oct, 2014
The war on drugs will have more skirmishes this election season. This November the American people won’t be voting on the President, but many will be voting on the legalization and decriminalization of marijuana. Seven states, around 17 municipalities, and … Continue reading
Law Firm Claims Medical Marijuana is Already Legal in the State of Florida 29 Oct, 2014
As campaigning continues for Amendment 2 in the state of Florida, a Florida attorney and his law firm are adamant that medical marijuana is already legal under the state’s case law. Florida’s “Doctrine of Medical Necessity” declares that medical marijuana … Continue reading
Florida Bay Area Pushing Hard for the Legalization of Amendment 2 29 Oct, 2014
The well-known attorney, John Morgan, is currently campaigning for young people’s votes in the effort to legalize medical marijuana in the state of Florida. So far, the Bay area is a main location of interest in pushing the Amendment 2 … Continue reading
Banks are Slowly Warming to Legal Marijuana Dealers 24 Oct, 2014
In February 2014, the Obama Administration gave the banking industry the thumbs up it needed to offer financing to pot distributors, as long as they legally conduct business. This decision was welcomed as a step forward for marijuana commerce. However, … Continue reading
Marijuana Use Positively Affects Brain Injury Patients 24 Oct, 2014
Many are coming to the conclusion that increased survival rates of traumatic brain injury cases are associated with the use of cannabis. During the study, conducted by UCLA Medical Center investigators of 446 patients suffering from traumatic brain injuries, the … Continue reading
Alaska Marijuana Ballot Awaiting Voters’ Decision 23 Oct, 2014
The Marijuana Legalization, Ballot Measure 2 is waiting to either be declined or approved by voters on November 4, 2014 in the state of Alaska. This measure would allow individuals age 21 and older to possess up to one ounce … Continue reading
The New Gold Rush | High Risk Marijuana Merchant Services 23 Oct, 2014
Businesses have been waiting anxiously on the sidelines for years, positioning themselves in order to jump in on the marijuana industry when the time was right. Now, with legalization occurring in certain states, it would appear that the time has … Continue reading
Politicians are Finally Discussing Marijuana in the Open 08 Oct, 2014
Much to the delight of constituents, many politicians are now discussing the legalization of medical marijuana in public. Now, this way be because elections are coming up in a few weeks, but regardless, it gets the issue out there. Many … Continue reading
How Edible Companies Can Keep Costs Low 08 Oct, 2014
In states where marijuana has been legalized, one of the big trends is edible marijuana products. From brownies to lollipops to cookies, cannabis oil can be added to rev up the sugary vibes. While this is a popular trend, many … Continue reading
Washington’s Retail Marijuana Sales Jump 08 Oct, 2014
Washington’s retail marijuana sales rose drastically in August, with sales more than doubling July’s totals. This is fantastic news for proponents of marijuana legalization, as well as for the city, thanks to the marijuana’s high tax percentages. While not every … Continue reading
Recreational Marijuana Sells Grow Massively 08 Oct, 2014
In Colorado, recreational marijuana sells have skyrocketed. In fact, consumers spent more on recreational marijuana than medicinal marijuana. This lends credibility to its legalization. With its lucrative outcome, it is possible that other states may soon hop on the legalized … Continue reading
World Leaders Solution for Marijuana Usage: Legalize It! 08 Oct, 2014
World leaders are hearing the pleas of millions, and they are now on board to legalize marijuana. It has worked well for Colorado, and it works well, in limited legalization, in Amsterdam. While the entire planet may not legalize it … Continue reading
Ohio Governor Candidate in Favor of Marijuana Legalization 08 Oct, 2014
Ed FitzGerald, the democratic candidate for Ohio’s governor, is in favor of legalizing marijuana. While some see this as an opportunity to get the younger vote, there is an overwhelming majority of Ohioan voters who are in favor of the … Continue reading
Medical Marijuana Legalization Inches Closer in Pennsylvania 08 Oct, 2014
Medical marijuana is getting a lot of press, and of the most prevalent places is in Pennsylvania. There are currently 23 states, plus Washington D.C., that offer legalized marijuana. While this is promising, there are many things that merchants should … Continue reading
Polls Show that Recreational Marijuana Legalization is Popular 01 Oct, 2014
Polls in Colorado still show that the legalization of recreational marijuana is still popular. The polls show around the same numbers as polls before the legalization occurred earlier in 2014. While polls are often tricky, due to demographics, the fact … Continue reading
The Marijuana Industry in California is Growing 01 Oct, 2014
The legalized marijuana industry is growing in California, much to the delight of merchants and customers. While medical marijuana has been fought over for years, studies have proven that it does provide benefits for its users. California is a large … Continue reading
Canadian Marijuana Stock Prices are on the Rise 01 Oct, 2014
Canadian marijuana stock price are on the rise. Yes, stocks, as in Wall Street-type stocks. Canada has taken advantage of the booming industry, by letting it become publically traded, and so far it looks like a successful venture for brokers … Continue reading
Denver Marijuana Stores Create Massive Economic Impact 01 Oct, 2014
Many doubted the economic impact of legalized marijuana, but two cannabis retailers in Denver, Colorado have convinced them. The two retailers, Evergreen Apothecary and Colorado Harvest Company, have contributed around 280 jobs, and over 30 million in local economic impact. … Continue reading
Study Shows That Medical Marijuana has Stronger Effects on Women 01 Oct, 2014
While medical marijuana has been lighting up the news feeds, one study should be getting more attention than it is. In a recent Washington State University research finding, female rats were 30% more perceptive to the benefits of medical marijuana … Continue reading
Washington State Joins Colorado in Marijuana Legalization 15 Jul, 2014
If the legalization of marijuana in the state of Colorado seemed like high-profile news, it is safe to say that you have seen nothing yet. Amazingly, Washington’s first legal retail marijuana store sold over $30,000 of product – in only … Continue reading
Medical Marijuana Industry Poised To Exceed $8 Billion by 2019 27 Jun, 2014
A new report published by IBISWorld Research claims that the medical marijuana industry could reach a revenue of $8.4 billion by 2019. In 2014 the revenue is projected to grow by 63.1%. Annually, the growth rate would be nearly 19%. … Continue reading
New York to approve limited Medical Marijuana Use 27 Jun, 2014
The state of New York has nearly come to an agreement on a pilot program to give access to marijuana to ill residents of the state. This came after several days of negotiations which could made the state the 23rd … Continue reading
Will E-Cigarettes Aid in the Fight against Alzheimer’s 27 Jun, 2014
While nicotine has been associated with smoking and the dangers therein recent studies have found that nicotine could be beneficial for patients with neurological diseases such as Alzheimer’s. The surgeon general’s annual report stated that over 20 million people have … Continue reading
Massive Funds Head to Marijuana Start-Ups 26 Jun, 2014
A new online start-up website is making waves. This website, CannaBuild, lets merchants describe and recommend strains of their inventory. While this does not seem like a big deal, it is. CannaBuild launched primarily from start-up funding from online donors. … Continue reading
Medical Marijuana Gets Some Help…From Washington DC 26 Jun, 2014
Lawmakers in Washington DC are considering loosening the region’s tight rules concerning medical marijuana. At the moment, there are only four ailments for which a doctor can prescribe medical marijuana. With this change, a doctor can prescribe medical marijuana as … Continue reading
Dispensaries are teaming up with Hospitals and Universities 26 Jun, 2014
Medical marijuana dispensaries are gearing up to team with hospitals and universities, in areas where medical marijuana is legal. This is fantastic for patients who would rather rely on the natural benefits of medical marijuana rather than pills. While this … Continue reading
Florida Has a Long Road Ahead in its Medical Marijuana Debate 26 Jun, 2014
Florida has a medical marijuana bill up for vote this year, and it is hard to tell if it will pass. There are just as many opposed as there are supporters, and it is up to whichever voters show up … Continue reading
With Fed Help, Colorado May Have World’s First Marijuana Banks 26 Jun, 2014
Colorado is looking to incorporate the world’s first bank to cater exclusively to marijuana retailers, if Congress passes legislation. These banks are set to help marijuana businesses obtain transaction and account services that they would otherwise have difficulty finding. However, … Continue reading
Cannabis Legalization Having Interesting Effects on the U.S. 11 Jun, 2014
MMJ BUSINESS AND BANKS There is a perception that major banking institutions avoid payment processing for Marijuana merchants. This perception is false, however, as more banks are now revealing their dealings with marijuana merchants since the Obama administration released new … Continue reading
New Federal Regulations Expand Marijuana Payment Processing Options 11 Jun, 2014
In February, the Obama administration released new rules related to banks who want to do business with institutions that sell legal marijuana. The Justice and Treasury Department rules are designed to “move from the shadows the historically covert financial operations … Continue reading
Marijuana Merchant Accounts in Limbo as Health Canada Struggles to Process Applications 11 Jun, 2014
Health Canada is in a bind. The department responsible for overseeing the processing of medical marijuana applications has received 858 of them as of May 2014, and new applications are coming in at a rate of 25 per week. This … Continue reading
Cannabis Payment Processing in Demand as Big Tobacco Prepares to Enter Cannabis Market 11 Jun, 2014
A recent report by the Milbank Quarterly states that big tobacco and other major players in the food and beverage industries, are poised to enter the emerging cannabis market. “Policymakers and public health advocates must be aware that the tobacco … Continue reading
Cannabis Cooperative Gives New Hope to the Industry 06 Jun, 2014
The creation of cannabis co-operatives by state lawmakers may never have a chance to get off of the ground. The state of Colorado recently approved a plan that is meant to help marijuana stores deal with the enormous cash sums … Continue reading
Medical Marijuana Issue reaches the U.S. House of Representatives 06 Jun, 2014
On May 14, 2014, the National Cannabis Industry Association announced on their website that state medical marijuana laws would be discussed the following week on the floor of the U.S. House of Representatives. According to Steven Nelson of U.S. News … Continue reading
Changes to the NFL’s Drug Policy are being considered 06 Jun, 2014
A revision to the NFL’s drug policy will come too late for Cleveland Browns wide receiver Josh Gordon. After multiple positive marijuana tests, he will likely be suspended for the season. While the use of marijuana is not wide-spread in … Continue reading
Medical Marijuana is Projected to be Nevada’s Next, Big Crop 06 Jun, 2014
Medical marijuana could be Nevada’s next big cash crop. Where other crops need so much water in order to see profit, the marijuana plant is relatively light when it comes to water requirements. According to an article by MMJ Business … Continue reading
$9M in Startup Costs for Marijuana Dispensary 22 May, 2014
With the help of businessman Howard Kessler, owner of Financial Services Consulting Company from Boston, “New England Treatment Access” will open stores in Brookline and Northampton. A cultivation facility will open in Franklin this year with owners Kevin Fisher and … Continue reading
Big Names Vying for Nevada Marijuana Payment Processing Business Licenses 22 May, 2014
Clark County had 206 proposals from over 100 groups for the medical marijuana businesses and they are targeting unincorporated areas of the county. Like any good business, these people can smell a profit without even leaving the comfort of their … Continue reading
Banking progress for Marijuana Merchant Accounts in Colorado and Washington 22 May, 2014
For those servicing the new commodity in Colorado and Washington, things are beginning to work out for the better. A long time coming are some banking options that were not available a year ago. Colorado speed bumps In Colorado co-ops … Continue reading
Pharmacies Await Legalization while Pot Firms Gain 20 May, 2014
Any ideas or dreams of profit and competition for CVS Caremark Corp., Walgreen Co., and Rite Aid Corp. will not be coming true anytime soon. Even though 21 states have legalized pot for medical use, the drug is still currently … Continue reading
The Cannabis Industry’s Struggle to Acquire Payment Services Continues 20 May, 2014
Things are still at a very difficult point for the marijuana industry due to conflict between state and federal laws. The state of Colorado was the first state to legalize (in 2012) the sale and use of small amounts of … Continue reading
Colorado Passes New Option of Co-p Banking for the State’s Marijuana Sellers 20 May, 2014
Colorado is leading the way in creating the nation’s first state-run financial cooperative designed for marijuana sellers. The goal of this legislation is to give marijuana sellers access to key banking services through the U.S. Federal Reserve. Concerns have risen … Continue reading
Who really hold the Cards on Rescheduling Marijuana? 14 May, 2014
Eric Holder the Attorney General has revealed that the Obama administration wants to work with Congress on rescheduling marijuana. Currently, cannabis is a schedule narcotic under the Controlled Substances Act- with LSD and heroin. Under schedule I you will find … Continue reading
The Concern with Marijuana Cultivators Water Use 01 May, 2014
Marijuana cultivators illegal and legal in Northern California are possibly draining all the water from a region that is shadowed in drought. The streams and rivers are already running dry and the cultivators are sucking what little water is left … Continue reading
420 Day in Colorado! 30 Apr, 2014
Well it looks as though Colorado passed yet another vitally important cannabis test last weekend, and yes it just happened to be on target with Colorado’s new recreational marijuana industry. With Colorado being the first state to legalize recreational marijuana … Continue reading
Is the Government turning their heads on Privateer Holdings? 30 Apr, 2014
One of the largest private equity firms in the cannabis industry is Private Holdings. They raised more than $50 million dollars in the last fundraising and the firm is expecting to finalize investments and close its Series B financing effort … Continue reading
Obama Administration Ok’s Bank and Marijuana Merchant Account Transactions 25 Apr, 2014
In February, the Obama administration gave banks approval to do business with legal marijuana dispensers. For the first time ever, these dispensers are eligible to secure loans and set up checking and savings accounts with traditional banking institutions. 20 states … Continue reading
Traditional Payment Processing Services Freeze Out Medical Marijuana Merchant Accounts 25 Apr, 2014
Medical marijuana is legal in 17 states and in the District of Columbia. However, federal law does not recognize marijuana dispensaries as legal operations. As a result, medical marijuana dispensaries are being blocked out of banking services. The Huffington Post … Continue reading
Colorado’s Recreational Marijuana Sales Bigger Than They Seem 15 Apr, 2014
According to recent tax data released by Colorado, recreational marijuana sales increased by five percent in February. Sales reached $15.1 million. While this figure is good it is lower than expected. Though February was a shorter month than January which … Continue reading
Marijuana Sales Set to Grow Five Fold in Five Years 15 Apr, 2014
The marijuana business factbook has released data that alleges that the marijuana industry is set to boom. It published figures that purport an increase of five-fold in a five year time frame. This growth quantified will be an increase from … Continue reading
App Attempts to Make Marijuana Payment Processing Easier 15 Apr, 2014
With the sales of medical marijuana expected to grow exponentially in the coming years, the cash only payment system currently in place will see a challenge from a new mobile app designed to streamline marijuana payment processing. Itonis, the maker … Continue reading
Canadian MMJ Industry Experiences Overwhelming Investor Interest 10 Apr, 2014
While the medical marijuana industry is taking small steps in the States, it is experiencing unexpected growth in Canada. As the industry is presently experiencing in the state of Colorado, it is difficult to raise money and find funding especially … Continue reading
New Yorkers Overwhelming Support Medical Marijuana and the Passage of the Compassionate Care Act 09 Apr, 2014
In a poll conducted by Quinnipiac University released on February 17th, it was revealed that 88-9 percent of New York voters support the legalization of medical marijuana. In another poll, 57-39 percent of voters support the legalization of small amounts … Continue reading
Marijuana Enforcement Division Grows with the Colorado Marijuana Industry 09 Apr, 2014
With Colorado’s recreational marijuana industry growing at such a rapid rate the regulatory bureau has had to step in and oversee operations. The growth is primarily due to the expected expansion of recreational as well as medical industries. Even though … Continue reading
Marijuana businesses UNBANKED? 09 Apr, 2014
The recreational marijuana businesses may not be unbanked like they say they are. There a dozen stores supplying their customers alternative ways to make payments as long as they have a bank account. Recreational marijuana businesses are allowing their customers … Continue reading
Who has the “Fix” for Marijuana Payment Processing? 09 Apr, 2014
There are so many companies coming forth now saying they have the answers to all of the banking and processing dilemmas that marijuana dispensaries are facing. The most current solution being offered is the Bitcoin / PotCoin a crypto-currency that … Continue reading
The Issues the Marijuana Merchant Industry Faces 28 Mar, 2014
Although medical marijuana has been legalized in 20 states along with the District of Columbia, the industry is far from reaching the finish line in clearing all of the obstacles in its path. In an effort to put their best … Continue reading
Cannabis Production May Limit Inventories, Create Dispensary Shortages 19 Mar, 2014
Recreational marijuana dispensaries and growers in Washington State have concerns about the state’s cap on cannabis production. Washington State currently has allotted a 2 million square foot canopy cap for recreational cannabis. Yet, the recreational marijuana industry could face a … Continue reading
Oregon Senate Judiciary Committee Hears Arguments for Local Marijuana Regulation 19 Mar, 2014
Legal battles continue in the state of Oregon over control over medical marijuana regulation. The Oregon state Senate Judiciary Committee held a public hearing in February about a proposal for medical marijuana regulation. The proposal sought to give local authorities … Continue reading
Mainstream Investors Begin to see the Value of Legalized Marijuana 17 Mar, 2014
The legalized marijuana business may not be so taboo after all. Many investors – big-name investors – are flocking to the industry willing to lend a hand, as well as some financial resources. In the past few months, investors such … Continue reading
Marijuana Properties are having a Hard Time Finding Financing in Colorado 17 Mar, 2014
Two of Colorado’s largest banks, Wells Fargo and FirstBank, have announced that they will not offer any new loans to those whose properties are hosting marijuana dispensary businesses. Wells Fargo and Vectra Bank have already told commercial loan clients they … Continue reading
After Colorado’s Legalization of Marijuana there are still more banking questions than answers 17 Mar, 2014
The new banking guidance issued by the federal government has left the cannabis industry with more questions than answers, thanks to federal laws that still state that marijuana is still illegal. Many in the industry hoped the memos, would open … Continue reading
Cannabis Industry Creates a Buzz in New Markets 17 Mar, 2014
The legalization of marijuana has been very profitable for Colorado, and it has sparked a new market for products and services that cater to this developing industry. Being one of the fastest-growing and most lucrative industries, the cannabis market is … Continue reading
Senate Committee to Hold Hearing on Bill Allowing Medical Marijuana in Oregon 13 Feb, 2014
It has recently been announced that the state Senate Judiciary Committee will be holding a public hearing on the proposal to allow local governments to regulate medical marijuana dispensaries. The Association of Oregon Counties and the League of Oregon Cities … Continue reading
Colorado’s Recreational Cannabis Shops Make Millions 12 Feb, 2014
Colorado drew worldwide attention at the beginning of the year when marijuana use became legal, and a swarm of retail marijuana stores opened their doors to the eager public. Although the true figure of the shops’ earnings are not yet … Continue reading
Farm Bill Signed by President Obama, Deeming Industrial Hemp Research Legal 12 Feb, 2014
Vote Hemp, the United States’ leading hemp advocacy organization is pleased to announce that President Obama has signed the Farm Bill, which essentially is amending the legalization of hemp production for research purposes. State Agriculture departments, colleges and Universities are … Continue reading
U.S. Attorney General Gives the Green Light for Banks to Process Legalized Marijuana Money 12 Feb, 2014
The Obama administration will soon announce regulations to make it easier for banks to do business with legal marijuana sellers, Attorney General Eric Holder said Thursday. This is fantastic news for the many businesses that searching for a marijuana merchant … Continue reading
Credit Card Companies & The Cannabis Industry – An Evolving Process 23 Jan, 2014
It has emerged recently that credit card companies are beginning to allow customers to purchase cannabis with credit cards in recreational marijuana stores. This action certainly marks a significant change, because in previous years, credit card companies have been strongly … Continue reading
The Future’s Looking Bright for the Cannabis Industry 23 Jan, 2014
Many businesses with marijuana merchant accountsare sure to be happy with the way 2014 started. Shares of public cannabis companies enjoyed serious gains on the first day of trading, since recreational marijuana stores were successfully launched in the state of … Continue reading
Denver Joins Chorus Calling for Marijuana Banking Access 23 Jan, 2014
The city council in the region of Denver, Colorado plans on motivating the federal government to support the construction and development of banking services. Millions of dollars are also expected to be generated due to the recent licenses that are … Continue reading
Credit and Debit Card Processors Ease Rules for Recreational Marijuana 23 Jan, 2014
Many of the recreational-marijuana companies are claiming to be unbanked. However, many of these stores are able to process other payment methods besides cash with the use of marijuana merchant accounts. Customers where surprised when they learned they didn’t have … Continue reading
Approximately 348 Marijuana Licenses Handed Out in Colorado 23 Jan, 2014
The state of Colorado handed out the business licenses to Cannabis Companies for the first time. The enforcement division announced approximately 348 licenses were given out in the state of Colorado. 270 of the 348 licenses were handed out to … Continue reading
$100M Being Sought by Private Equity Fund 23 Jan, 2014
Two executives from High Times have launched a private equity fund and they are attempting to raise $100 million to allow for investments in cannabis companies. The HT Growth Fund has plans to make individual investments of $2 million for … Continue reading
Unmanned Drone Deliveries; the Future for Marijuana Dispensaries? 07 Jan, 2014
Internet retail giant Amazon recently revealed that they are planning to use drones to deliver packages to premium “Amazon Prime” customers’ doorsteps. Within 5 years Amazon hopes to offer customers 30 minute delivery for items 5 pounds or less which … Continue reading
Into the Unknown: Pricing Recreational Cannabis 07 Jan, 2014
On January 1st recreational marijuana became available for retail purchase in the state of Colorado. From a business standpoint, this is uncharted territory. Recreational marijuana is a completely new sector leaving business owners interesting decisions to make regarding pricing. With … Continue reading
US Treasury to Discuss Marijuana Dispensaries and Banking Practices 17 Dec, 2013
Basic business practices in a credit-dependent economy mandate the necessity for a merchant account. Opening a merchant account allows for your small business to accept credit and/or debit transactions. In an economy and society that’s increasingly cashless, this is a … Continue reading
55% Favor Marijuana Legalization in California 10 Dec, 2013
Marijuana Business Daily – December 5th, 2013 The majority of Californians now favor legalizing marijuana for the first time ever, according to a new Field Poll. The survey, which includes responses from 1,002 registered Californian voters between Nov. 14 and Dec. … Continue reading
New York Revives Medical Marijuana Discussions 10 Dec, 2013
Marijuana Business Daily – December 5th, 2013 The New York State Assembly Health Committee has begun hearings on the benefits of medical marijuana, which could pave the way for legalization next year. The first meeting – held Wednesday in Buffalo – … Continue reading
Mark Kleiman, pot’s go-to guy 10 Dec, 2013
Los Angeles Times – December 4th, 2013 Come New Year’s Day, in Washington state and Colorado, marijuana will be legit, courtesy of two ballot initiatives. How do you create a legal business out of an illegal one? After 13 years of Prohibition, … Continue reading
Has your Marijuana Dispensary been discriminated against? 22 Nov, 2013
There is something that screams trouble when it comes to the stories of Marijuana and the dispensaries that process the payments. Mary Jane, as it has affectionately become known over the years, has made great headway into the headlines over … Continue reading
Spread the word… 15 Nov, 2013
How to get a Medical Marijuana Dispensary Merchant Account 08 Nov, 2013
According to ‘The Green Sheet’ the Department of Justice is backing away from regulations governing medical marijuana dispensaries. In a statement in August 2013 they stated that as long as they continue to follow the laws governed by the … Continue reading
The road is clearing up for marijuana dispensaries 08 Nov, 2013
After so many years of hiding in the corners and sneaking their product to cancer patients that suffered, the marijuana business is becoming a little more respected. As people suffer the effects of long recoveries and painful cancers, they are … Continue reading
How to finance your medical marijuana business 08 Nov, 2013
With more and more states emerging as potential cannabis markets, many entrepreneurs are now interested in starting their own medical marijuana business. As the industry is growing rapidly, many new small business owners who are looking to capitalize with the … Continue reading
Will my Marijuana Use Prevent Me From Getting Life Insurance? 21 Oct, 2013
This is often a tricky question, but when it comes to Marijuana use, everything is tricky from its legality to finding a medical marijuana merchant account for your medical marijuana dispensary. According to the latest reports, 18 States in America … Continue reading
Is your bank unsure if they can do business with your Medical Marijuana Merchant Account? 21 Oct, 2013
Even though, it is perfectly legal to sell online medical marijuana for dispensaries in 18 states of the 50, federal laws are still against the use of marijuana even for medical use. The confusion around federal and state laws related … Continue reading
Medical Marijuana Merchant Accounts for Dispensaries 16 Oct, 2013
After the 2011 move by federal agencies to have tighter control over the finances and activities of medical marijuana dispensaries, many banks began shutting down medical marijuana merchant accounts. The move was considered by the medical marijuana industry as an … Continue reading
Breaking the Taboo: How to Get the Right Medical Marijuana Merchant Account 08 Oct, 2013
Getting a merchant account for your medical marijuana dispensary business has been an issue for growers and sellers of the past. Not anymore. Just search online for a merchant account for medical marijuana and it will take you to the … Continue reading
A step by step guide to setting up your medical cannabis merchant account 27 Sep, 2013
First and foremost, you need to know that when you set up your merchant account you will be in a high risk account. Don’t be too afraid of that. Most of the nation’s accounts with the merchant’s servicers are in … Continue reading
How to get Medicinal Marijuana Merchant Services 29 Aug, 2013
The medicinal marijuana industry is still not considered a legal operation under the federal law of The United States. This not only makes it difficult for medicinal marijuana dispensaries to work in peace even in the states where they … Continue reading
What effects on America does Sanjay Gupta’s recent opinion on Medical Marijuana have? 22 Aug, 2013
Marijuana is one of the most controversial conversations of the century and if you went back in time, you could see that William Hearst had a hand in the problem. Along those same lines, the medical marijuana community is divergently … Continue reading
How William Hearst influenced the war on Marijuana 21 Aug, 2013
William Hearst waged a war on marijuana to take away the competition using any means necessary to stabilize his livelihood. Unfortunately for the American people he had political pull and he wasn’t afraid to benefit by using his strong influence. … Continue reading
Commercial Hemp Production in the Future for Kentucky? 11 Feb, 2013
by Erik Altieri, NORML Communications Director In a statement published Thursday, Senate Minority Leader Mitch McConnell (R-KY), a previously outspoken opponent of marijuana law reform, did something surprising. He came out in support of allowing the production of industrial hemp. … Continue reading
Wireless Payment Processing for Marijuana Dispensaries 11 Feb, 2013
Delivery dispensaries can now accept payments on the go with our wireless MMJ program. Delivery dispensaries have not had a reputable solution due to technological issues with the debit networks that most dispensaries now operate on. The payment processing landscape … Continue reading
Is New Hampshire the Next State for Medicinal Marijuana? 11 Feb, 2013
by Erik Altieri, NORML Communications Director A group of five bipartisan lawmakers have introduced legislation to make New Hampshire the third state to legalize and regulate the adult use of marijuana. House Bill 492 legalizes the possession of up to … Continue reading
Marijuana Legalized? Payment Processing Landscape Changing 11 Feb, 2013
Article by Paul Armentano, NORML Deputy Director Members of Congress will introducehistoric legislation today to permit for the regulated production and retail sales of cannabis to adults in states that have legalized its consumption. Representative Jared Polis, (D-CO) is sponsoring … Continue reading
MMJ Payment Processing 09 Dec, 2012
Medical marijuana has been a hot topic over the last few years with more states allowing use of medicinal marijuana and Colorado and Washington have even legalized the recreational use of marijuana. Accepting electronic payments has been difficult for these … Continue reading