WeedWorthy News Network

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

Feds Block Push by Colorado to Create Pot Bank

File image of the Fourth Corner Credit Union building in Denver. AP Photo/David Zalubowski
Kristen Wyatt ~ Associated Press
 
DENVER (AP) -- Colorado's attempt to create a bank to service its marijuana industry has received a setback from the Federal Reserve.
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Washington Expects Pot Sales Tax Revenue Surge to $1 Billion

Flag Map of Washington State via Wikimedia Commons
 
Washington State expects marijuana sales taxes to bring in more than $1 billion over the next four years, according to a budget forecast published by the Office of Financial Management.
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Marijuana Grower Sued For Using Pesticides

A five bladed leaf from a three month old female cannabis sativa plant. Image: Psychonaught via Wikimedia Commons
 
It didn’t take long before marijuana companies would be treated like any other company, and that means getting sued.
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Why you need a workplace marijuana policy

Advertising staff at Australian Government Printing Office, 1921. Image via Wikimedia Commons
Kathleen Burke ~ MarketWatch ~
 
 If you’re a small-business owner and marijuana has been legalized in your state, should you care?
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The South says no to marijuana but yes to hemp

A tractor cuts a small plot of hemp at a University of Kentucky research plot near Lexington. Image: Dylan Lovan, Associated Press via Washingtonpost.com
 
Tobacco isn’t the reliable cash crop it once was. And that has hundreds of other farmers across the South revisiting a plant from deep in the region’s past: industrial hemp.
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Where to Stash Cannabis Cash? Tribal Nations Make Bid to Bank It

Colorado monthly marijuana sales eclipse $100 million mark

A grow room in Denver. Image: WeedWorthy.com
Elizabeth Hernandez ~ The Denver Post ~

Colorado recreational marijuana sales are close to $60 million in August 2015; medical marijuana sales climb slightly.

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Oregon cannabis workers unionize

Union Cannabis represents unionized cannabis businesses in multiple states. Image: Cannabis Industry Professional Association via Statesmanjournal.com
 
At least two collective bargaining contracts between Oregon cannabis workers and the dispensaries that employ them have been signed, and more are expected to partake in collective bargaining as the industry develops.
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Oregon's first week of recreational pot sales tops $11 million

Marijuana Wellness Products, Hollywood, Portland, Oregon, 2014. Image: Another Believer via Wikimedia Commons
Nina Mehlhaf ~ KGW.com ~
 
PORTLAND, Ore. -- After just one week of recreational marijuana sales, Oregon dispensaries have raked in an estimated $11 million.
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Washington State gets competition as Oregon starts pot sales

Phoenix business owner Ed Polish scans the cannabis on display at Green Valley Wellness on Thursday in Talent, Ore. Oregon marijuana shops began selling marijuana Thursday for the first time to recreational users. Image: Bob Pennell, The Associated Press, via SeattleTimes.com
 
Thursday marked Day 1 of recreational-marijuana sales in Oregon. The competition for customers between Portland and Vancouver, Wash., is now officially on.
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In one Oregon town, a marijuana sale frenzy over the weekend

The Tower Theater in Bend, Oregon. Image: Matthew Hickey via Wikimedia Commons

Ted Shorack ~ BendBulletin.com ~

Medical marijuana dispensaries remained busy throughout the weekend after opening their doors for recreational sales Thursday.

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All of these CEOs have admitted to smoking marijuana

Michael Bloomberg, then Mayor of New York, speaks to the media aboard the amphibious transport dock ship Pre-Commissioning Unit (PCU) New York (LPD 21) in Nov. 2009. Image: U.S. Navy via Wikimedia Commons
 
Some CEOs characterize it as a youthful indiscretion, while others say they’ve been at it for years. Either way, it’s not career destroying.
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Cannabis is on the menu in America - so who will be the Starbucks of marijuana?

Hashman Infused marijuana chocolate bars are hand-crafted by a classically trained artisan chocolatier. Photo: Salvador Ingram

The change in US cannabis laws has led to a growing market in food and drink laced with the drug, as Meg Carter reports.

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Can small businesses really cash in on the legal pot boom?

Sign at Little Grill Collective in Harrisonburg, Virginia during MACRoCk music festival. Image: Artaxerxes via Wikimedia Commons
 
Even as legalization continues to spread, and opportunities in the cannabis industry seem widely available, it can actually be tough for small business owners to cash in on the boom.
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Colorado's marijuana tax revenues nearly double 2014 figures

Willie Nelson and his 'Willie's Reserve' marijuana brand has scored private equity dollars

Colorado Just Became The First State In History To Collect More Taxes From Marijuana Than Alcohol

Day Without Marijuana Tax Draws Mixed Reactions in Colorado

Marijuana market: High risk, high reward

Taylor West, deputy director of the National Cannabis Industry Association,  spoke at Nashville NERVE conference showing the latest data on the marijuana industry on Friday, Sept. 18, 2015. (Photo: Shelley Mays/The Tennessean)
 
Marijuana is illegal in Tennessee, but when and if the law changes, the business opportunities will be vast — along with the risks.
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Drive-through pot shops in Detroit worry Mayor Duggan, others

420 Dank, a medical dispensary in Detroit, is seen on Friday, September 11, 2015. Image: Salwan Georges via Detroit Free Press

Matt Helms ~ Detroit Free Press ~

With some medical-marijuana stores in Detroit now offering drive-through purchasing, the city's marketplace for medical pot has spiraled out of control and needs to be regulated, Mayor Mike Duggan said.
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