WeedWorthy News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedWorthy News Network.

Marijuana moves from the black market to the stock market – Marijuana News

Image: WeedWorthy.com

Selling pot is no longer a private deal. Terra Tech, a cannabis-focused agriculture company, announced its acquisition of the California-based Blum Oakland dispensary on Tuesday.

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Denver firm raises money to build marijuana greenhouses – Marijuana News

Construction on a GrowCo marijuana greenhouse in Colorado. Image: GrowCo via Denver Business Journal

Two Rivers Water & Farming Co. said it's raised $5.5 million to support its subsidiary that builds greenhouses for marijuana growers.

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Marijuana plan backed by billionaire Sean Parker on path to California ballot – Marijuana News

Sean Parker file photo. Image: Amager via Wikimedia Commons

A plan backed by Silicon Valley billionaire Sean Parker to legalize recreational use of marijuana in California is on the path to the November ballot, potentially bringing more than $1bn a year in tax revenue, according to legislative analysts.

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Judge tosses Denver marijuana credit union's suit for federal approval – Marijuana News

Image: The Fourth Corner Credit Union

Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.

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Crossing the green line: The first cannabis company on Wall Street – Marijuana News

 Derek Peterson heads up Terra Tech. Image via Telegraph.co.uk

A broken neck in a surfing accident triggered a dramatic career change for Derek Peterson, a former Wall Street banker who now heads listed cannabis company Terra Tech.

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$1 billion in legal pot taxes predicted for California – Marijuana News

Image: Wikimedia Commons

California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance reports this December 21.

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Some Wisconsin companies find opportunity in growing market for legal marijuana – Marijuana News

Vessel Verde, a division of Wausau's Roastar Inc., produces child-resistant plastic pouches for retailers of marijuana-infused products. Image: Rostar Inc. via Milwaukee Wisconsin Journal Sentinel

The rapidly growing marijuana industry — legal to some degree in much of the country — is providing a still-small but potentially fertile bed of opportunity for companies in Wisconsin and other states where the drug remains outlawed.

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Emerging From Shadows, Pot Industry Tries to Build Brands – Marijuana News

Leafs by Snoop packaging. Image: Pentagram

DENVER (AP) -- Snoop Dogg has his own line of marijuana. So does Willie Nelson. Melissa Etheridge has a marijuana-infused wine. As the fast-growing marijuana industry emerges from the black market and starts looking like a mainstream industry, there's a scramble to brand and trademark pot products.

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Marijuana sales spike in Oregon during the holidays – Marijuana News

Holiday greeting card. Image: 320 Ranch via Wikimedia Commons

EUGENE, Ore. - 2015 marks the first holiday season for recreational marijuana in Oregon. For many local pot shops, sales around Christmas day were holly jolly.

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Colorado's pot industry is a cash business. A small credit union wants to change that. – Marijuana News

Customers shop at the Grass Station dispensary in Denver. Because of federal banking regulations, Colorado's $700-million-a-year industry runs almost entirely on cash. Image: Brennan Linsley, Associated Press via Los Angeles Times

Calling itself the "littlest David" battling the "biggest Goliath," a fledgling Colorado credit union took the Federal Reserve to court Monday in a case that may determine whether the cannabis industry will bank openly or continue to operate almost entirely in cash.

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As Pot-Growing Expands, Electricity Demands Tax U.S. Grids – Marijuana News

A 1,000-watt bulb, Image: Matthew Staver, Bloomberg

Pot’s not green. The $3.5 billion U.S. cannabis market is emerging as one of the nation’s most power-hungry industries, with the 24-hour demands of thousands of indoor growing sites taxing aging electricity grids and unraveling hard-earned gains in energy conservation.

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Do Cannabis Entrepreneurs and Big Business Actually Need Each Other? – Marijuana News

Steve DeAngelo at a protest in Oakland. Image: Glenn Halog Via Flickr

Cannabis entrepreneur and activist Steve DeAngelo long hated the idea of corporations entering the marijuana industry. But today, DeAngelo thinks partnerships with these giants are crucial for the success of the industry.

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Colorado Marijuana Tourism: Cannabis Tours, Bud Hotels Popular With Visitors, But State Won't Market Legal Pot To Travelers – Marijuana News

Image: Budandbreakfast.com

Nearly two years after recreational pot sales became legal across the state, state tourism officials have continued to downplay Colorado's weed tourism, with some officials going as far as to deny the lure of cannabis culture — against all evidence.

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Marijuana has huge influence on Colorado tourism, state survey says – Marijuana News

Downtown Denver and Mount Evans. Image: Bryan Simmons via Wikimedia Commons

A recent Colorado Tourism Office survey of summer travelers shows 48 percent were influenced by legal recreational pot.

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Cannabis specialist GW Pharma ramps up capacity ahead of key drug approval – Marijuana News

A laboratory analysis of GW Pharmaceuticals' cannabis samples of Sativex. Image: PA via   Telegraph.co.uk

GW Pharmaceuticals, which makes drugs derived from the cannabis plant, is scaling up its manufacturing capacity ahead of an expected approval of a new treatment for children with life-threatening epilepsy.

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Philly420: Merrill Lynch is bullish on marijuana – Marijuana News

Image: Bobby Yip, Reuters, via Philly.com

The investment arm of Bank of America, Merrill Lynch, sent out a 45 page equity report last week focused on prospects related to marijuana. Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry.

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Why the Biotech Market is Looking to Cannabis for the Future – Marijuana News

Image: Health Sciences and Nutrition, Commonwealth Scientific and Industrial Research Organization (CSIRO) via Wikimedia Commons

It’s possible that there has been no greater contributor to the cultural shift currently occurring around cannabis use in North America than the growing understanding of its medical applications.

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Could Philly become the next cannabis capital? - Marijuana News

Philadelphia skyline. Image: Andrew Kelly via Wikimedia Commons

With the cannabis industry booming in states like Colorado, Washington and California, it may be surprising that a new startup has decided to take root in Philadelphia.

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Pot shop owners seeing green on Black Friday – Marijuana News

Dozens line up in bitter cold weather outside The Grass Station in Denver, ahead of the store’s Black Friday sales. Image: WeedWorthy.com

Not to be outdone by much larger national retailers, Denver’s cannabis merchants are rolling out Black Friday deals of their own.

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Golden Leaf eyes joint listing as cannabis market grows – Marijuana News

Cannabis buds. Image: WeedWorthy.com

A cannabis company is poised to become the first marijuana producer with a joint listing in Europe and the US as it seeks to take advantage of shifting attitudes to the drug that are spawning a new industry.

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