STANFORD, CA — The topical administration of CBD oil is associated with reduced pain and faster wound healing in patients with the skin disease epidermolysis bullosa, according to case reports published in the journal Pediatric Dermatology. Epidermolysis bullosa is a rare genetic condition that results in blistering skin. Researchers at Stanford University’s School of Medicine and at West Virginia […]
Despite spreading marijuana legalization and despite a growing desire for new directions in drug policy, the war on drugs continues unabated. According to the FBI’s latest Uniform Crime Report, released Monday, overall drug arrests actually increased last year to 1.57 million, a jump of 5.63% over 2015. The increase includes marijuana arrests, which jumped by […]
San Francisco, CA (PRWEB) May 21, 2015
It can be difficult to start a business of any nature. Venturing into the legal marijuana industry, however, will most certainly lead to numerous challenges not encountered by traditional businesses. Green Rush Review, a marijuana business news website, identifies nine cannabis-specific factors that startups need to take into consideration.
When starting a cannabis related business, one not only has to consider whether marijuana is legal in a particular state, but also has to check for any restrictions on cultivating or setting up shop. In Oregon, for instance, dispensaries may not be located within 1,000 feet of a primary or secondary school. Building landlords may also have opposing views on starting a legal cannabis business on their property.
State laws outline numerous requisites needed for a cannabis company to operate. According to a Mashable article, such investments in Colorado include a digital seed-to-sale tracking program, 24-hour video surveillance of facilities, as well as a quarantine section for edibles.
Marketing cannabis businesses can be tricky, as they do not have the same advertising options that traditional businesses enjoy. According to Marijuana Business Daily, cannabis companies are restricted from advertising in TV, radio, print, billboards, Internet videos, radio shows, pop-ups, and flyers or leaflets among others. One therefore needs to be both careful and creative when marketing a cannabis-related company.
Storing Money and Paying Bills
As marijuana is still deemed federally illegal, marijuana businesses cannot typically avail of bank services. Cannabis entrepreneurs are thus left with limited options, and are generally left to transact in cash. Unfortunately, storing money in cash can be both a security and accountability risk. According to The New York Times, pot businesses are left to store their cash in safes, carry them in brown paper bags, and ferry them around by armed guards and armored vehicles.
While the federal government may see pot as illegal, the people selling it are still left to pay their taxes. A CNBC article reports that the IRS does not allow the usual business deductions under section 280E. While the federal tax code allows deductions for the cost of growing recreational marijuana in Washington and Colorado, it does not allow deductions for the cost of selling it.
The marijuana industry is growing fast, and Esquire reports that jobs in the industry are everywhere. The challenge, however, is meeting special personnel requirements and finding employees who fit in with the company culture.
A marijuana business may benefit greatly from supporting or joining associations, organizations, federations, and clubs that promote an interest in the marijuana industry. There are numerous groups to choose from, including the National Cannabis Industry Association, NORML, and High Times.
There is always the risk of federal prosecution, even if marijuana is legal in a particular state. Although federal prohibition is not enforced on a state level, this may change at any point in time. A contingency plan must be developed in order to protect a business from a change in circumstances.
According to The Milbank Quarterly, tobacco companies have expressed interest in marijuana and marijuana legalization since the 1970s, and are modifying corporate planning strategies to prepare for consumer demand in the future. At present, big drugstore chains, cigarette companies, and other large businesses are forbidden from entering the still-developing marijuana market. At some point, however, this may change when the market normalizes and they wipe out small marijuana businesses.
GreenRushReview.com strives to be a convenient and reliable online resource for all marijuana consumers, entrepreneurs, and investors. The website aims to provide the general public with extensive coverage on news, opinions, and events on the multi-billion marijuana industry and culture in North America, including industry stocks, prices, implications, trend developments, investment news and legislation.
GreenRushReview.com sifts through the abundance of material on the cannabis industry only publishing high-quality information that is significant to its readers.
GreenRushReview.com is part of a portfolio of cannabis industry sites which includes http://www.bestmedicalmarijuanastocks.com (top medical marijuana company news) & http://www.marijuanastocksreport.com (cannabis small cap stock news).
Companies seeking exposure on GreenRushReview.com can contact editorial(at)greenrushreview(dot)com for more information.
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San Francisco, CA (PRWEB) February 19, 2015
GreenRushReview.com, a cannabis business news website recently reported that with marijuana being legal for medical use in over 23 states and the potential for it to soon be legal for recreational use in four, the marijuana industry is among the best industries for entrepreneurs in 2015.
Business publication Inc.com reports that although the legal cannabis industry is still very young, there is already very strong demand for all forms of cannabis – whether medical or recreational, edibles, extracts, or concentrates. The industry is flourishing and is expected to grow even bigger as more states legalize the herb.
The same INC article also reveals that in the first quarter of 2014, the state of Colorado had already raised $ 25 million from businesses for licenses, fees, and taxes. Marijuana’s retail market in Colorado generated a whopping $ 350 million revenue for 2014, and is predicted to grow by 20 percent this year and reach $ 420 million.
Cannabis has become a major industry in the United States, particularly after Colorado allowed for the sale of recreational cannabis in early 2014. According to IBISWorld, revenue for the medical marijuana growing industry has increased 16 percent per year in the last five years, thus amounting to approximately $ 2 billion in 2014.
Examples of companies successfully capitalizing on the cannabis boom are plentiful. One rising star featured on GreenRushReview.com is India Globalization Capital, Inc. which builds indoor vertical farms that utilize state-of-the-art technology to produce organic leafy green vegetables, but whose facilities will eventually allow them to grow legal cannabis.
With countless untapped business opportunities in the marijuana field, Inc.com mentions that the first movers in the industry are likely already on their way to long-term viability.
According to a Forbes.com article, the marijuana industry is a desirable sector to enter primarily because its customers are big spenders. A cannabis consumer typically spends an average of $ 1,869 on their habit annually, as opposed to Americans spending roughly $ 1,500 each year on their pets.
GreenRushReview.com strives to be a convenient and reliable online resource for all cannabis consumers, entrepreneurs and investors. The website aims to provide the general public with extensive coverage on news, and opinions on the multi-billion marijuana industry and culture in North America, including industry stocks, prices, implications, trend developments, investment opportunities and legislation.
The site also hosts a cannabis industry directory, related videos, articles, company profiles and press releases.
The term “Green Rush” refers to the swift surge of activity brought about by the legalization of medical marijuana in over 23 states, and the acceptance of comprehensive cannabis and medical marijuana programs.
GreeRushReview.com is part of a portfolio of cannabis industry sites, which includes http://www.BestMedicalMarijuanaStocks.com (top medical marijuana company news), http://www.MarijuanaStocksReport.com (cannabis small cap stock news) and http://www.MarijuanaStock.net (financial cannabis company news).
Companies seeking exposure on GreeRushReview.com can contact editorial(at)greenrushreview(dot)com for more information.
Related Cannabis Press Releases
Grants Pass, OR (PRWEB) June 18, 2014
The manufacture of a single t-shirt requires an estimated one-thousand gallons of fresh water, including water to grow the cotton. That fact was reported on the Sharon Kleyne Hour Power of Water® radio show by author Brian Clark Howard. As global fresh water shortages and drought continue to increase, show host Kleyne wondered how much progress, if any, has been made in the use of water in t-shirt making, and in water conservation in general, since it was originally discussed on her show.
Regarding water and t-shirts, Kleyne discovered, there has been progress, but not nearly enough. Kleyne’s overall conclusion, after considerable investigation, was that we might not even be asking the right questions. A better question, says Kleyne, is “how many t-shirts can be made by recycling the same 1,000 gallons?”
The globally syndicated Sharon Kleyne Hour Power of Water® radio show, with host Sharon Kleyne, is heard on the VoiceAmerica Variety and Health and Wellness Channels, and Apple iTunes. Kleyne is Founder of Bio Logic Aqua Research, a research, technology and product development center, and the world’s only company specializing in fresh water, atmosphere and health. Natures Tears® EyeMist® is the Research Center’s global signature product for dry eyes.
Brian Clark Howard is a former National Geographic reporter who now hosts a website dedicated to environmental issues (http://www.brianclarkhoward.com). His latest conservation book is Build your Own Small Wind Power System (McGraw-Hill, 2011).
Growing cotton, according to Kleyne’s recent investigation, requires sunshine and warm weather but only a moderate amount of water. Cotton lends itself to irrigation in desert areas, which is why cotton is a major crop in California’s Imperial Valley, Southern Great Plains, and Egypt.
Cotton is also well suited for dry land farming, Kleyne discovered. In this method, organic mulch is used to retain water while pesticides and irrigation are not required. Because dry land farming reduces yield per acre, the method remains experimental (Chapman, AK, et al. “The water footprint of cotton consumption, Ecological Economics, November , 2006; http://www.sciencedirect.com/science/article/pii/S0921800905005574).
A recent Huffington Post article, says Kleyne, stated that a t-shirt made of hemp fiber required “500 fewer gallons of water” to produce than a cotton t-shirt (Schroeder, E, “The ‘Other’ Hemp,” Huffington Post, June 3, 2014. The article provided no reference citations). Hemp plants were described in the article as “highly drought and pest resistant.”
While fresh water conservation is desirable during a water shortage, Kleyne believes that in many areas, cutting back on water may be unwise. Kleyne adamantly believes that the human body, for example, requires at least eight glasses of fresh water a day and that any less is foolish and dangerous. However, says Kleyne, it is theoretically possible to recycle and purify most of the water in those eight glasses so that the same water may be reused at a later dater.
Since the Howard interview, the ongoing California drought has substantially deepened and the nation’s most agriculturally productive state, supported by a vast and complex network of dams, reservoirs and aqueducts, is on the verge of failing. As a result, farmers are turning more and more to ground water mining (J Famiglietti, “How Bad is California’s Epic Drought?” TakePart.com, 2-22-14; http://www.takepart.com/article/2014/02/22/epic-california-drought-and-groundwater-how-far-have-we-come).
Kleyne continues to believe, in 2014, that although water conservation is crucial, especially during a water shortage, water recycling is even more important. Kleyne has observed that when crops are irrigated, even with drip irrigation, the vast majority of the water is not used by crop plants and either soaks into the ground, runs off or evaporates. That unused water, says Kleyne, could be captured and recycled over and over.
Kleyne also believes that fresh water for personal consumption and sanitation should be free or virtually free and that providing safe and abundant water is one of the most important functions of government to stimulate economic growth and assure a healthy population.
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San Francisco, CA (PRWEB) January 28, 2015
The year 2014 was a big one for the cannabis industry due mainly to the outcome of the November elections, but 2015 appears to be an even bigger one. GreenRushReview.com, a cannabis industry news website at http://www.greenrushreview.com, reports on the top three cannabis developments to watch out for in 2015: Budding new markets, Republican control, and business accelerators.
Massachusetts, Illinois, and Nevada are among the three states worth watching, as they are all expected to open medical marijuana dispensaries sometime this year – each one expected to generate significant revenue. There are, of course, numerous hurdles and setbacks to be encountered.
At present, Massachusetts has 15 dispensary licenses but the state has been criticized for their dispensary delays and the manner in which it handled licensing due to conflicts of interests. Dispensaries are expected to start early this year, although potential political setbacks are expected.
In Illinois, reports share stories of entrepreneurs that are on edge, and that continue to complain about the amount of time it has taken for legislators to plan out the industry regulations. It is still uncertain when the state will name the companies to receive the allowable 60 dispensary permits and 21 cultivation licenses. Winners were supposed to be named at the end of 2014, but officials are still screening applicants.
The medicinal cannabis industry in Nevada is expected to give tourists another reason to visit Sin City due to a reciprocity law that allows tourist with MMJ cards to acquire medical marijuana when visiting the state. Patients from anywhere in the country, therefore, can be served. The state recently granted 55 dispensary licenses, plus over 300 various types of permits for cannabis businesses. Of course, lawsuits and controversies over licensing still exist, which could possibly delay the opening of a number of businesses.
When voters in Alaska, Oregon, and Washington DC approved recreational marijuana in November, they also voted in enough Republican candidates to have the GOP control both the Senate and the House.
Republicans now in control may possibly affect how the industry moves forward, as it is widely known that the views of conservatives are less friendly compared to their liberal counterparts. An article in Brookings, however, points out that unlike most issues – marijuana policy does not fall neatly along party lines. Some Democrats and Republicans support it, while other Democrats and Republicans oppose it. For now, businesses will simply have to wait and see how Republicans response to cannabis at the federal level.
The Rise of Business Accelerators
Business accelerators, considered key components in industries such as agriculture and technology, help create the needed infrastructure for budding entrepreneurs and business to thrive. Accelerators offer multiple forms of support, such as mentoring, investment, and networking. These services are crucial to the development of the marijuana industry, and are particularly practical for startup companies that lack a business plan, capital, or even a basic understanding of the business.
Investor network ArcView Group, partnered with Colorado’s CanopyBoulder, is offering a 12-week accelerator program for businesses in the cannabis industry. According to a BizWest article, twenty companies will be selected for aid in 2015, and will be given $ 20,000 in seed capital and numerous support services. Mentoring will be provided in exchange for ArcView’s and CanopyBoulder’s 9.5 percent equity stake in each company that participates.
GreenRushReview.com strives to be a convenient and reliable online resource for all marijuana consumers, entrepreneurs, and investors. The website aims to provide the general public with extensive coverage on industry news, and opinions on the multi-billion marijuana industry and culture in North America, including news on industry stocks, prices, implications, trend developments, investment opportunities, business opportunities, and legislation. The site also hosts press releases that are pertinent to the industry, video and a large industry directory.
The coining of the term “Green Rush” refers to the swift surge of activity brought about by the legalization of medical marijuana in over 23 states, and the acceptance of comprehensive cannabis and medical marijuana programs.
GreenRushReview.com is a cannabis news site that continually strives to deliver the latest and most relevant news on the marijuana industry in North America.
GreeRushReview.com is part of a portfolio of cannabis industry sites which includes http://www.bestmedicalmarijuanastocks.com (top medical marijuana company news), http://www.marijuanastocksreport.com (cannabis small cap stock news) & http://www.marijuanastock.net (financial cannabis company news).
Companies seeking exposure on GreeRushReview.com can contact editorial(at)greenrushreview(dot)com for more information.