“So please help us get through this and insist people rename their strains.” For a more in-depth report on the “State of the Cannabis Market” keynote panel, visit bit.ly/cannabiskeynote . Jay Czarkowski, founding partner of cannabis consultancy Canna Advisors, offered four tips when applying for a cannabis license: Surround yourself with good people. (This suggestion came up many times during the conference and should be a standard operating procedure.) The team you put together and their relevant backgrounds are essential to a successful application. Make sure your business and financial plans are in order. Convey how your business benefits the community, especially patients, if applying for a medical license. Remember to answer every question on the application. This may sound obvious, but it is a common mistake applicants make. Carlos Campos, founder and CEO of C&H Auxiliary Safety Management, Inc., and Luke Tipton, a safety consultant from Milestone Safety Group, led the session entitled “OSHA Compliance: Why and Marijuana Stocks How to Prepare Now.” Speakers Carlos Campos (left) of C&H Auxiliary Safety Management and Luke Tipton of Milestone Safety Group spoke on preparing for “OSHA Compliance.” While safety regulations may seem overwhelming or even a bother, Tipton reminded attendees that the Occupational Safety and Health Administration (OSHA) expects all employers to be compliant. “It’s the employer’s responsibility,” he said. Campos added, “You should not fear reaching out to your local OSHA organization.” An OSHA consultant’s mission is to help employers with compliance.
To read more visit http://www.cannabisbusinesstimes.com/article/7-key-takeaways-from-cannabis-2017/
Problem #1: This offering by a leading group of underwriters is not a “bought deal.” It is a “best efforts” financing. The preliminary prospectus says, “The obligations of the Underwriters under the Underwriting Agreement are conditional and may be terminated at their discretion on the basis of… “market out.”” In other words if the underwriters can’t sell it, they can exercise the “market out” clause and not complete the offering. This has to be puzzling at a time when much smaller, less prominent Canadian Licensed Producers have been rated worthy of “bought deal” status. Bought deals are reserved for the very best underwriting candidates of which LEAF would appear to be one. Why isn’t LEAF? Fact #2: The planned pricing of the offering is $9.50 to $10.50 per share. Problem #2: The preliminary prospectus discloses that on October 31, 2016 and November 3, 2016, LEAF sold shares at $2.96 per share. Between May 18, 2016 and as recently as February 2, 2017, LEAF issued shares at $.0001 per share. This means the current proposed pricing is over three times the price at which LEAF sold shares just over six months ago. At the same time, the Let’s Toke Green Rush Business Licensed Producer Index and the Let’s Toke Business Marijuana Composite Index are both down in the range of 5-10%. It isn’t evident in the documentation what happened in the last six months to make LEAF shares increase 300% in value against the general trend in the market.
To read more visit https://seekingalpha.com/article/4077574-medreleaf-ipo-disaster-waiting-happen
Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact firstname.lastname@example.org SOURCE MarketNewsUpdates.com MarketNewsUpdates.com News Commentary PALM BEACH, Florida, April 26, 2017 /PRNewswire/ — Through various introductions of latest innovative services, mergers and acquisitions along with product development, the CBD niche of the explosive cannabis industry continues to see impressive growth. Companies with recent developments of note in the legal marijuana industries include:PotNetwork Holding Inc. (OTC: POTN), Marijuana Stocks Medical Marijuana, Inc. (OTC: MJNA), Amfil Technologies, Inc. (OTC: AMFE), Players Network (OTC: PNTV), MassRoots, Inc. (OTC: MSRT) PotNetwork Holding Inc.(OTC Pink: POTN) reported today that after starting 2017 with the advantageous acquisition of Diamond CBD, Inc. and the transition back into the cannabis, hemp and related markets, the company has surpassed initial quarterly projections of 1.7 million in gross revenues. Management is pleased to announce that realized first quarter figures had exceeded expectation by over $100,000, for a total of $1,858,347.48. Having, at the beginning of the year, set corporate sights on achieving the goal of $1.7 million for the quarter, management had put in motion an aggressive effort to build a strong and thriving sales pipeline for 2017.
To read more visit http://www.wsfa.com/story/35251907/revenues-in-lucrative-legal-marijuana-and-cbd-oil-markets-continue-to-climb-in-hand-with-consumer-demand
“My location was marijuana 800 feet from a church that had a day care, and across the street from a liquor store. They don’t put these restrictions on any other business in Detroit. ” In the meantime, Godwin is working with SOH to make progress in other areas. They’ve begun a series of public community forums about cannabis. A few weeks ago the meeting was about investing in these businesses (no, don’t rush out and buy a bunch of penny stocks). They drew a nice little crowd to the Sankofa Life Center on Woodward Avenue across from Palmer Park, where things like licensing, small business startups, and stocks were discussed. In fact, a representative of the Michigan Black Chamber of Commerce spoke at the event. His salient message was that marijuana businesses are going to become very prominent, and that black people should not get left behind again when big economic changes are coming around. This past weekend, SOH held a forum to discuss the cannabis industry and how it affects the citizens of Detroit. SOH even invited members of the Metropolitan Detroit Community Action Coalition to join the panel, but no one from the group responded to the entreaty.
To read more visit http://www.metrotimes.com/detroit/higher-ground-an-education-in-cultivation/Content?oid=3604585
The HMMJ price increased each day for its first four days on the market. Marijuana bioengineering The Toronto-based Horizons is the first ETF manager to offer investors Medical marijuana direct exposure to medical marijuana stocks in North America. These include companies that are working on bioengineering and production of marijuana. The ETF includes 16 companies as of March. The biggest percentage 10 percent is held in each of the following companies: Scotts Miracle-Gro Company Aurora Cannabis Inc. Aphria Inc. At Horizons, we take pride in our innovation, so we’re very happy that for the first time, investors will be able to access a low-cost, diversified portfolio of companies that are directly involved in the rapidly growing medical marijuana industry, said Hawkins. The Horizons ETF has accumulated $28.7 million in assets, according to Market Watch . More to come. The Horizons ETF is focused solely on medical marijuana and does not include companies that engage in the legal recreational marijuana industry.
To read more visit http://www.stamfordadvocate.com/news/article/First-Cannabis-ETF-Hits-Market-and-Rises-Sharply-11097824.php
It might not be as cool as a Westworld host, but it could be the next best thing. On second thought, it might be even better. Mainly because it involves getting stoned. Yes, we’re talking about the world’s first smoking robot, an artificial burn buddy, if you will.
The Future is Now
This year at the Silicon Valley Cannabis Cup in San Jose, the smoking robot adequately dubbed ‘Budzie’ will make it’s long awaited debut, and it’s hard not to be totally psyched. The Cannabis Cup is known for its advancements in smoking technology. In past years the weed-centric convention debuted new potent strains, high-powered vaporizers, and delicious edibles, but Budzie most definitely takes the cake.
Budzie The Smoking Robot’s Features
Developed by Redwood Robotics, Budzie has a variety of cool features that make it the perfect companion for stoners everywhere. For starters, Budzie’s voice can be programmed to mimic several of your favorite celebrities. It’s sort of like how you can change the voice of your GPS, except about 1000 times cooler. Some of the voice options include James Earl Jones, Sarah Silverman, and notorious celebrity weed-smokers Snoop Dogg and Wiz Khalifa. (If you ever dreamed of burning with Darth Vader, we’d suggest Jones.)
The bud-bot also comes equipped with a top of the line volcano vape built right into its robotic exterior. Budzie can also roll joints for you, light you up, and even grab your snacks if you get a wild case of the munchies. Additionally, for those who grow their own bud, you can put your clippings in its mouth and it will literally poop out bubble hash.
Not bad for a hunk of metal.
Stoners can be notoriously anti-social when they’re too high. Budzie can prove to be a great companion to those looking for company, but also hate humans. However, the smoking robot similarly comes in the clutch for those who enjoy smoking with others but don’t have any friends. Or they’re just M.I.A. Whatever helps you sleep at night.
The Cannabis Cup will take place at the Sonoma County Fairgrounds in San Jose, California on June 3rd and 4th.
If you’re looking for a brand new, low-maintenance smoking buddy, you should probably go ahead and check it out.
To read more visit: https://www.greenrushdaily.com/2017/05/08/worlds-first-smoking-robot/
It seems like everybody is trying to get in on the “green rush” of the legal cannabis industry. And that includes a growing number of venture capitalists. The cannabis industry carries with it a number of unique opportunities — and risks — for investors willing to bet on legal weed. But if current trends continue, ventures capitalists are set to make some serious green.
Venture Capitalists And Legal Cannabis
There are a few important factors driving venture capitalists into the cannabis space. For starters, there is the potential to see some big-time returns.
According to experts at The ArcView Group, the legal cannabis industry in North America made $6.7 billion in 2016. That number represents a 34 percent jump from 2015. And they expect similar growth to continue well into the future. In fact, experts predict that legal weed will be a $23 billion industry by 2021.
“Very few consumer industry categories reach $5 billion in annual spending and then post anything like 25% compound annual growth across the following five years,” ArcView’s annual report said.
Venture capitalists are in a great position to tap into this growth. One big reason is that banks and other lenders are very cautious about working with cannabis businesses. That’s primarily because weed is still illegal at the federal level.
For example, most dispensaries have to operate as cash-only businesses. Banks and credit card companies don’t want to work with them. Without access to these sources of funding, many cannabis businesses must rely heavily on private investors.
Venture capitalists willing to bet on legal weed can take advantage of this. They can get in on the ground floor of an industry that’s about to explode. When they do, they set themselves up for big-time profits.
The Industry Right Now
There is already a lot of activity as venture capitalists learn about the legal cannabis industry. According to industry experts, there were 11 deals made in 2013. Those deals accounted for $11.91 million in investments.
In 2014, venture capitalists invested $71.56 million across 36 deals. Those numbers maxed out in 2015 when there was $226.38 million invested over 78 deals.