Cannabis Retail Companies Flock to Ontario in ‘Frenzy,’ Despite Silence From Province on Pot Plans

Despite no official word from the province on how it plans to manage the sale of recreational cannabis come October, private retailers are flocking to Ontario to set up shop.

“Ontario is a frenzy right now in terms of entrepreneurs, real estate developers — anybody within the cannabis infrastructure,” said David Martyn, president of Starbuds Canada and Compass Cannabis Clinic.

“The level of anticipation that’s building up is massive right now.”

Martyn said Starbuds — a cannabis retailer originally based in Colorado —  has already secured multiple locations in Ontario. The medicinal arm of the company, Compass Cannabis Clinic, already has locations open throughout B.C. and Alberta.

“Within the industry, the rumblings have been going on for three weeks through very reliable sources that private retail would happen [in Ontario],” said Martyn on the company’s decision to push ahead despite no formal announcement from the Ontario government.

Reports emerged the week before last that the province was opening the door to private retailers in the legal pot industry, but provincial officials have kept mum ever since.

To read more visit: http://dankr.ca/news/cannabis-retail-companies-flock-to-ontario-in-frenzy-despite-silence-from-province-on-pot-plans

Are Cannabis Clubs the Future of Weed?

Now that legal marijuana has established itself in multiple states, it’s on to the next battle for pot enthusiasts: getting somewhere to legally smoke it. All state laws specify that marijuana is only to be consumed in the privacy of your own home (tough luck if you’re a renter), and that’s incredibly inconvenient for both residents and tourists. Cannabis clubs, where no alcohol is allowed, are a simple solution to this problem, but they face some large obstacles from a legal standpoint. Even so, a few cannabis lounges exist, and are setting the stage for others to open as well.

Meet the Coffee Joint

The Coffee Joint, located in Denver, Colorado, is the first state-licensed cannabis club in the country. Colorado law doesn’t actually say anything about pot clubs, and there are many speakeasy-style clubs in the state. But co-owners Kirill Merkulov and Rita Tsalyuk wanted to go through legal channels to create a place for marijuana lovers to socialize and use cannabis without judgment or interference, and the Coffee Joint is the result. They were granted their license in February, 2018, and opened soon after.

The place is meant to be a local hub for those who want to chill out and toke up. The biggest catch, however, is that you can’t actually smoke inside That’s explicitly prohibited by the Colorado Clean Air Act, but dabbing, vaping, and consuming edibles are all welcome activities. There are still caveats, like the fact that you have to bring your own rig and use the enails provided by the cafe.

The Coffee Joint also hosts frequent events with vendors and educators, making it a great spot for curious consumers to gather. While it’s a great start, this destination has a lot to live up to.

Northwest Cannabis Club

Northwest Cannabis Club is currently the gold standard of pot lounges. Its less-than-flashy exterior is home to a 50-foot dab bar, a smallish stage, a basement rec room, and a covered deck for outdoor smoking.

There are dab rigs and enails available for use (thanks to copious alcohol wipes), and a healthy selection of Volcanoes and other vape devices to choose from. They host educational events, although the stage allows for musical guests as well. The one thing that NW Cannabis Club doesn’t have? A license.

When a local paper asked how the club is allowed to operate and with what kind of permit, the owner responded with a tight-lipped: “No comment.”

Fair enough. Will more states follow Colorado’s lead and allow businesses like NW Cannabis Club to operate legally by issuing licenses?

Making the Case to California

If Californian cannabis advocates have anything to say about it, they’ll have the next crack at legitimizing cannabis clubs. West Hollywood is the epicenter of this development, with the City Council having approved a revolutionary new measure. The ordinance allows businesses in the city to apply for pot lounge permits, starting in May, 2018. There are two tiers of permit: one for lounges where edibles, vaping, and smoking are permitted, and one where only edibles are allowed. The city will grant eight of each license type.

Of course, many anti-pot parties are wringing their hands with worry over the effects cannabis clubs might have on society. Many cite DUI fears, demonstrating a fundamental misunderstanding of how cannabis impairment works. One City Councilman even said, “You can go to a bar and have a drink or two and be OK. Marijuana, the effects last and I think it can be disastrous on the road.”

On the other side of the fence, there’s the argument that legal cannabis makes no sense when there’s nowhere you can legally consume it outside your own home. Allowing for safe public consumption in the form of cannabis clubs would also allow weed tourism to flourish without stoned, wild-eyed strangers trying to toke up in streets, alleys, or hotel rooms. Since educational events are a common theme among cannabis clubs, you could even argue that licensing them would lead to a more informed, responsible range of consumers.

High Hopes

It’s safe to say that most cannabis users love the concept of marijuana lounges. After all, it’s everything that’s great about a bar—but without all the drama and drunken hijinks. Hopefully cannabis clubs gain more traction in the near future!

Spencer Grey is a staff writer at Smoking Outlet, where you’ll always get The Best Prices on the Best Pieces.

To read more visit: https://www.smokingoutlet.net/

As Of Late June, Aurora Had 16,000 Active Registered Patients Less Than 18 Months After Its First Sale.

Marijuana buds and pill bottle on top of money I don’t expect the stock Green Rush to perform like it did in 2016 in the remainder of the year, but there are several reasons to anticipate a strong finish for Aurora in 2017. The company ranks as one of the largest licensed providers of medical marijuana in Canada. This market continues to expand. As of late June, Aurora had 16,000 active registered patients less than 18 months after its first sale. The company added 3,000 of those patients in May and June alone. If this recent momentum continues (which I think will be the case), Aurora’s revenue should increase tremendously in the next few months. Aurora also stands to benefit from its expansion into the German market. Germany legalized medical marijuana earlier this year, but the country is importing the drug until it can establish a regulatory program for cultivation. That has opened a big market to Canadian marijuana growers in particular. Aurora has jumped on this opportunity by acquiring Pedanios GmbH, a leading German wholesale importer, exporter, and distributor of medical cannabis, a few months ago. Then there’s the potential for Canada to legalize recreational marijuana.

To read more visit https://www.fool.com/investing/2017/08/13/3-marijuana-stocks-that-could-make-you-the-most-mo.aspx

Listen To The Interview Or Read “weed Entrepreneur Brings In Over $1 Million A Year Running ‘bud And Breakfast’ Hotels”: Http://www.cnbc.com/2017/01/18/weed-entrepreneur-bud-and-breakfast-hotels-let-you-smoke-marijuana.html Before This Cannabis Stock News Is Here, It’s Published To Subscribers On 420 Investor.

mjmj 1mo Joel Schneider, CEO of The MaryJane Group The company quit filing with the SEC last March and is delinquent in issuing its annual filing for the year ending 4/30/16 as well as the the following two quarters. Schneider stated that his company has delisted, but this is not true, as the company continues to trade on the OTC Pink Sheets. Our call to the Financial Industry Regulatory Authority (FINRA) confirmed that the stock has not been delisted. The publicity of the interview seems to have sparked interest in the stock, which saw a big increase in volume, with 142mm shares trading,  as it moved to the highest level in more than a month: We emailed the company in order to find out why it isn’t filing with the SEC but received no response, and we called the corporate headquarters and each of the three properties only to get stuck in a loop of an automated marijuana call answering system earlier today. While Schneider painted a rosy picture as he called out annual revenues in excess of $1mm, investors should be cautious trading in the stock given the lack of compliance with the regulatory requirements of filing periodic updates. CNBC inadvertently pumped a worthless penny stock apparently. Listen to the interview or read “Weed entrepreneur brings in over $1 million a year running ‘bud and breakfast’ hotels”: http://www.cnbc.com/2017/01/18/weed-entrepreneur-bud-and-breakfast-hotels-let-you-smoke-marijuana.html Before this cannabis stock news is here, it’s published to subscribers on 420 Investor. Based in Houston, Alan leverages his experience as founder of online communities 420 Investor , the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures , he is responsible for content development and strategic alliances.

To read more visit https://www.newcannabisventures.com/cnbc-interview-resuscitates-interest-in-failed-cannabis-penny-stock-the-maryjane-group/

The U.s.

A book on federal and state marijuana laws next to a judge However, marijuana stocks can still be dangerous At the same time, there are also a laundry list of reasons to stay far, far away from pot stocks. For example, marijuana is still an illicit substance throughout much of North America. The U.S. federal government views it as having no medical benefits, and it’s therefore wholly illegal. This United States’ Schedule I categorization of marijuana comes with a number of inherent disadvantages for U.S. businesses and pot stocks. To begin with, researching cannabis for medical purposes is exceptionally difficult because of its Schedule I status. Also, pot-based businesses are unable to take normal corporate income-tax deductions since they’re selling a federally illegal substance. Finally, banks want little to do with marijuana companies, leaving many cannabis companies to deal solely with cash, which is Green Rush a major security concern and a growth inhibitor.

To read more visit https://www.fool.com/investing/2017/07/10/4-marijuana-stocks-that-should-be-profitable-in-20.aspx

Hartford, Conn.

Connecticut Poll Shows 71 Percent Support for Making Marijuana Legal Residents want to regulate and tax marijuana to help ease state and local budget issues. HARTFORD, Conn. — A new poll by Sacred Heart University shows that 71 percent of Connecticut residents support legalizing and taxing marijuana. The poll was conducted on October 3-12 and surveyed 1,000 Connecticut residents from around the state. This level of support marks a significant increase since the last poll in 2015, which showed 63 percent approval Marijuana Stocks for making marijuana legal for adults, according to a press release. The poll was conducted specifically in the context of the state’s ongoing budget crisis, and the proposal to help fix this issue by regulating and taxing marijuana was the most popular solution. 60 percent of respondents said that the state budget should be fixed by “creating new sources of tax revenue,” while under 33 percent supported cutting services, and a mere 15 percent supported raising existing taxes. “An overwhelming majority of Connecticut residents support regulating and taxing marijuana,” said Sam Tracy, director of the Connecticut Coalition to Regulate Marijuana . “Elected officials should listen to their constituents and legalize marijuana in Connecticut, rather than continue to ignore this source of new jobs, new tax revenue, and improved public health.

To read more visit http://www.cannabisbusinesstimes.com/article/connecticut-poll-shows-71-percent-support-for-making-marijuana-legal/

Is A Holding Company That’s Invested In More Than A Half-dozen Cannabidiol (cbd)-product Companies For The Pharmaceutical, Nutraceutical, Cosmeceutical, Or Industrial Hemp Industries.

Rolling dice that read "buy" or "sell" on top of a digital stock chart. ( NASDAQOTH:MJNA ). While GW Pharmaceuticals currently holds the title of being the largest pot stock by a mile, Medical Marijuana, Inc. holds the distinction of being the first publicly listed marijuana stock. Unlike most marijuana stocks that tend to focus on developing a handful of products or a small portfolio of cannabinoid-based drugs, Medical Marijuana, Inc. is a holding company that’s invested in more than a half-dozen cannabidiol (CBD)-product companies for the pharmaceutical, nutraceutical, cosmeceutical, or industrial hemp industries. The company’s eight listed subsidiaries and investments include: HempMeds, which offers marketing and sales of CBD-based products in the U.S.; Kannaway, which specializes in hemp-based botanical products; KannaLife Sciences, which is a cannabinoid-based drug developer; Axim Biotechnologies, which is also a developer of cannabinoid-based medicines; MPS International, a security consultation service for the weed industry; Wellness Managed Services, which provides support services to the pot industry. The most obvious reason marijuana stock investors are Green Rush likely excited about a company like Medical Marijuana, Inc. is its portfolio diversity. Its complete ownership of HempMeds and investments in KannaLife Sciences and Axim Biotechnologies gives the company access to retail CBD product sales, as well as the opportunity to earn significant investment rewards if Axim’s and KannaLife’s cannabinoid-based products succeed in clinical trials.

To read more visit https://www.fool.com/investing/2017/06/16/better-know-a-marijuana-stock-medical-marijuana-in.aspx

Truth Is, I Won’t Touch A Cannabis Company That Doesn’t Have A War Chest Of Capital Going Into 2018.

And only those companies that are well capitalized will be able to successfully compete in 2018. Truth is, I won’t touch a cannabis company that doesn’t have a war chest of capital going into 2018. The market is getting too competitive, and those that are not well capitalized will be out of business by the end of next year. Market share is also incredibly important. This is where Canada really shines, as the biggest players in this market also have exposure in other countries, including the U.S., Germany, Colombia, Israel, and Australia. Medical marijuana And, of course, management is key. In fact, I often say that it’s management in which I invest, not companies. Similar to the way we’ve seen this factor play a role in the success of stocks like Tesla (NASDAQ: TSLA), Amazon (NASDAQ: AMZN), and Apple (NASDAQ: AAPL), the same holds true of the cannabis space. As an expert in this field, I’ve come to know and respect the most successful management teams in this space.

To read more visit https://www.energyandcapital.com/articles/the-top-7-cannabis-stocks-for-2018/6104

Federal Law And That The Approach To Enforcement By The U.s.

marijuana-related activities are expected to: Describe the nature of the public company’s involvement in the U.S. marijuana industry and include the disclosures indicated based on the nature of such involvement as either direct, indirect or ancillary (as discussed below); Explain that marijuana remains illegal under U.S. federal law and that the approach to enforcement by the U.S. federal government is subject to change, as well as a discussion of resultant risks of such change including the potential for adverse enforcement action; State whether and how the public company’s marijuana-related activities are conducted in a manner consistent with any U.S. federal enforcement priorities; and Given the illegality of marijuana under U.S. federal law, discuss the public company’s ability to access both public and private capital markets and indicate what financing options are available to support continuing operations. For public companies directly Green Rush engaged in the cultivation or distribution of marijuana in the U.S. in accordance with a state license, the following disclosure is required: An outline of the regulations for the U.S. state(s) in which the public company operates and confirm how the public company complies with applicable licensing requirements and the applicable regulatory framework; A discussion of the public company’s program for monitoring compliance with U.S. state law on an ongoing basis and its internal compliance mechanisms; and Disclosure of any material non-compliance, as well as material citations or notices of violation. For public companies with indirect involvement in cultivation or distribution of marijuana by way of a non-controlling investment in an entity who is directly involved in the U.S.

To read more visit https://www.lexology.com/library/detail.aspx?g=2e0af220-ae61-4be9-8f4b-55ee4e14b12b

Municipalities Will Also Levy Sales Tax And A Business Tax, Which Could Be Anywhere From 1 To 20 Percent, On Gross Receipts.  Business Taxes On Recreational Marijuana Have Been Approved By Voters In 61 California Cities And Counties, According To The Report.

The credit rating agency estimates state and local taxes on marijuana, which will become Marijuana Stocks legal in California on Jan. 1., could be as high as 45 percent in some cases. It would trail only Washington state, which levies a 50 percent tax on marijuana. “The existing black market for cannabis may prove a formidable competitor to legal markets if new taxes lead to higher prices than available from illicit sources,” the report says. Recreational marijuana will be taxed on both the state and local level, contributing to the potential for high rates. California will impose a 15 percent excise tax, as well as cultivation taxes. Municipalities will also levy sales tax and a business tax, which could be anywhere from 1 to 20 percent, on gross receipts.  Business taxes on recreational marijuana have been approved by voters in 61 California cities and counties, according to the report. These high tax rates have the potential to drive customers toward the black market. The state is the nation’s epicenter of marijuana growing and has long provided black market pot. The report states that Colorado, Oregon and Washington all reduced tax rates after the commencement of legalization to shift customers back toward the legal market. California will implement a statewide framework for marijuana legalization, but each municipality must decide whether it wants to house marijuana businesses and, if so, map out its own regulations and tax structure.

To read more visit https://www.washingtonpost.com/news/post-nation/wp/2017/10/30/high-taxes-could-drive-up-marijuana-prices-and-bolster-the-black-market-in-california-analysis-says/