Month: September 2019

How One Entrepreneur Went From Credit Repair to Becoming Michigan’s First POC Dispensary Owner

When Earl Carruthers was captain of the Wayne State University football team, he cracked his pelvis, leading to chronic pain. After graduation, he worked as a resource supervisor for UPS and then a financial adviser for JP Morgan before starting a credit repair business. Next, he wanted to start another business that was more product-focused […]

Illinois releases social-equity map for adult-use marijuana licensing

Illinois officials identified areas where applicants who want to legally grow and sell recreational cannabis would get preference under the law’s social equity provision, one that some believe could become a national blueprint for other MJ programs. The map was released on the eve of the state making applications available for up to 75 rec […]

New Mexico medical cannabis growers sue over plant count limits

Three New Mexico medical cannabis cultivation companies are challenging a plant-count limit the state’s regulators put in place, saying the cap puts constraints on the supply of medical marijuana to patients. G&G Genetics, Sacred Garden and Ultra Health joined together in filing a lawsuit against the state’s health department in response to the new rules […]

Connecticut closer to adding chronic pain for medical cannabis use

A Connecticut physicians panel recommended adding chronic pain that has lasted at least six months as a qualifying condition to use medical cannabis, which, if adopted, could provide a significant shot in the arm to the fast-growing market. The board of physicians also voted to recommend adding Ehlers-Danlos syndrome, a group of disorders that affects connective […]

Oklahoma credit union stops serving medical cannabis companies

A credit union serving Oklahoma’s medical marijuana industry decided to stop doing so, a move that affects nine accounts and deals a setback for the state’s MMJ companies. Tulsa-based Encentus Federal Credit Union told the Tulsa World that serving the MMJ industry was too costly and the regulatory burden too great. The credit union informed […]

Employing temporary workers for short term cannabis industry jobs

(This is an abridged version of a story that appears in the September issue of Marijuana Business Magazine.) The gig economy has permeated U.S. culture as companies such as Uber, Lyft and DoorDash offer people a way to make a living while offering services that customers demand. Approximately 41 million U.S. citizens work as consultants, contractors, […]

Majority of patients sickened in vape epidemic used marijuana vaporizer devices – many from illicit market

Health officials reported on Friday that the majority of those sickened in the vaping health crisis used cannabis vape products containing THC, and many of those in the first two states to report illnesses – Illinois and Wisconsin – said they used counterfeit marijuana products from the illicit market, not licensed MJ companies. The revelations, […]

Here’s what you need to know about the current state of banking in the marijuana industry

The U.S. House of Representatives’ vote approving legislation that would pave the way for financial institutions and insurance companies to serve state-legal marijuana businesses without fear of reprisal is a milestone for the cannabis industry. Nevertheless, the 321-103 House vote is but another step on a long and often bumpy legal road toward changing how […]