GreenWave Advisors, LLC, a newly established independent research and advisory firm serving the burgeoning marijuana industry, on Tuesday released its inaugural research report, “The GreenWave Report: State of the Emerging Marijuana Industry – Current Trends and Projections.” The firm estimates that retail marijuana industry sales could reach $21 billion by 2020 and separately, suggests that if marijuana is legally sold in all states and D.C. by 2020, the consolidated market for retail medical and adult use sales could total $35 billion in the first full year of a federally legalized market.
The firm is the first to provide a state by state bottom up fundamental analysis of the U.S. medical and adult use marijuana retail markets. The analysis also provides a first glimpse of the similarities in reported results in the legalized markets thus far.
“We are pleased to offer investors the first independent, comprehensive, detailed and transparent look at the market potential of the retail marijuana industry,” said Matt Karnes, founder and managing partner at GreenWave Advisors, LLC.
In the upcoming election, Florida residents will vote on a measure to legalize medical marijuana and the citizens of Alaska, Oregon and the District of Columbia will decide on full legalization. “We want investors to be ready for the imminent changes that will profoundly impact investment strategies in the marijuana industry”, Karnes said.
By Steve Elliott
Posters advertising an "Iowa Marijuana Company" which appeared on buildings this week in Cedar Rapids and Iowa City are apparently just a merchandising prank, according to authorities.
Two posters appeared on Tuesday on the outside of a storefront in Cedar Rapids showing ears of corn in the shape of a cannabis leaf, reports Dave Franzman at KCRG-TV9. The posters were on an empty building currently for lease, and hate the date 10/01/15, implying the Iowa Marijuana Company would start operations then.
John Wasta, who owns the building with his brother, said they were told about the posters on Tuesday; the posters were removed from the front glass. Wasta said he kept one in his office as a souvenir.
"I've got all my employees running around looking at websites," Wasta said. "But it's just cute."
The pranksters created an Iowa Marijuana Company website complete with photos of the stores supposedly coming soon to Cedar Rapids, Iowa City and even Clinton. One of the same posters appeared on an outside door at a building in Iowa City.
By Steve Elliott
Forty-eight Wisconsin medical marijuana patients this year got their Oregon medicinal cannabis authorizations at the annual Great Midwest Marijuana Harvest Fest. "But wait," you may be thinking. "They live in Wisconsin, not Oregon." That's entirely true -- but according to those in the know, having an out-of-state medical marijuana authorization gives these patients some legal cover should the police come calling.
The authorizations were issued by THCF Medical Clinics at the Harvest Fest as part of something called The Ben Masel Project. Masel was a famous Yippie activist based in Madison who started the Great Midwest Marijuana Harvest Fest; he died suddenly from cancer three and a half years ago.
"The Oregon permit has saved several people in Wisconsin from arrest," THCF founder Paul Stanford told Hemp News. The fact that Oregon issues permits to out-of-state patients has been helpful to those in Wisconsin and other non-MMJ states, according to Stanford.
"This weekend, we helped 48 patients in Wisconsin get Oregon medical marijuana permits, bringing in almost $10,000 in state fees for the Oregon Health Authority," Stanford told us. "Really, the Wisconsin Legislature should act to help its sick and dying patients, and keep those funds in Wisconsin."
Stanford said speaking at the Great Midwest Marijuana Harvest Fest, the 44th annual event, "is an old tradition" for him. "I first spoke here in Madison 25 years ago, in 1989, and I came back and spoke again in 1990 and many years since," he told us.
For anyone considering going into business in the legal cannabis industry, a new free tool has arrived to the Google Play marketplace designed to make it easier to keep informed about industry news and developments. Ganjapreneur, a cannabis industry business news and culture website, has recently launched a mobile app designed to keep aspiring "ganjapreneurs," or marijuana entrepreneurs, up to date about the latest headlines and happenings that are relevant to the growth of the industry.
The app is broken down into several sections, including a news feed with categories such as "Business" and "Politics," a job feed which aggregates employment opportunities from several online cannabis industry job boards on a daily basis, and a section that features interviews with prominent business owners and investors who are already operational with their endeavors in the marijuana industry. While cannabis enthusiasts who use Android devices may download the app in its current form, iPhone users will have a similar opportunity in the near future: Ganjapreneur has put up a notification that the app will also soon be available in the Apple App Store.
City of Portland Issues Permit
It's a go for the 10th annual Portland Hempstalk Festival; after months of delay, city officials have finally issued a permit for this weekend's event.
"Event coordinators for the Portland Hempstalk annual festival are proud to announce the City of Portland has issued our permit for this weekend's event (September 27-28) at Tom McCall Waterfront Park in Portland, Oregon," a press release from the Campaign for the Restoration and Regulation of Hemp (CRRH) reads.
Hempstalk advocates decriminalization of cannabis for medicinal, industrial, and recreational use. Founded in 2005 by The Hemp and Cannabis Foundation, the festival features live music, guest speakers, food and goods vendors and information booths.
This public event has always been free to attend, with a suggested donation of $10 per person.
Featuring three stages, the Jack Herer Main Stage, the newly added Green Goddess Stage, and the Elec-Chronic DJ Stage, the bands, music and informational guest speakers are sure to inspire and inform attendees.
Already confirmed on the musical bill for 2014 are Lukas Nelson & Promise of the Real, John Trudell and Bad Dog, Herbivores, Los Marijuanos, Poet and Cannabis Advocate John Sinclair, The Sindicate, J Mack and Big Dub, Bad Habitat and more. To view the complete line-up, check out http://hempstalk.org/festival/lineup
Ganjapreneur, a website dedicated to cannabis business news and professional content, has announced the addition of a cannabis industry job listings section to its website. The job listings will be generated primarily via third-party platforms where cannabis growers, retailers, and ancillary businesses post their employment openings.
Ganjapreneur's stated goal is to provide one location for aspiring ganjapreneurs to see all of the industry job postings each day.
Ganjapreneur hopes to compile a comprehensive overview of the legal marijuana job market. With positions ranging from Budtender to Delivery Driver, the professional opportunities in the burgeoning cannabis industry are unique and can often be fiercely competitive.
By publishing in-depth content, a weekly newsletter, and extensive interviews with prominent marijuana professionals, Ganjapreneur says its primary goal is to keep its readers up to date on the latest developments and opportunities related to the cannabis industry.
Last week, Ganjapreneur announced the first segment of an interview with Matt Brown, founder of Denver-based marijuana tourism company My 420 Tours. The interview was conducted via audio, and a transcription is available for reading on the Ganjapreneur website.
For anyone who prides themselves on their knowledge of marijuana subcultures and slang terms, there is now an "open source" outlet to share this knowledge with others. Ganjapreneur, a website dedicated to entrepreneurs and investors in the cannabis industry, has recently announced a marijuana slang dictionary that is open to the public.
The website publishes news articles and editorials intended to keep "ganjapreneurs," or anyone who is pursuing a career in the newly-legal cannabis industry, informed about the state of the industry as a whole. The site offers original content as well as curated headlines via other websites that directly relate to the business of cannabis itself.
With the launch of the Marijuana Slang Dictionary, Ganjapreneur marks its first foray into user-generated content by inviting the public to submit their favorite slang terms and phrases for inclusion. Entries to date include "420," "cheeba," "bongwater," and numerous others. Users may search the dictionary for a specific term, or browse by category.
The slang dictionary currently includes categories such as "stoner phrases," "paraphernalia," and "units of measurement" to categorize its growing collection of slang terms and cannabis-related phrases that are commonplace in the industry.
A representative for the website explained that the dictionary is intended to be both informational and entertaining. "If you read through some of the example usages for the different terms, you can see that the writers had a lot of fun with the whole thing," he said.
Groups Come Together to End Marijuana Prohibition, Increase Cannabis Research and Promote a Compassionate Health Care Response to Drug Use and Addiction
Moms, Cops, Nurses & Docs Present a Panel Discussion at the Marijuana for Medical Professionals Conference in Denver, Colorado on Sept. 11
Moms United to End the War on Drugs is bringing together a coalition of family members, health care professionals and criminal justice professionals to end cannabis prohibition that has been so destructive to our families and communities.
Moms, Cops, Nurses & Docs will be holding a panel discussion at the Sherman Street Event Center in Denver, Colorado (1770 Sherman Street) on Thursday, September 11, at the Exhibit Hall Stage at 12:30 pm. Speakers include Mary Lynn Mathre from American Cannabis Nurses Association; Dr. Jeff Hergenrather from the Society of Cannabis Clinicians; Theresa Daniello from Moms United to End the War on Drugs; and Leonard Frieling from Law Enforcement Against Prohibition (LEAP).
In 1937, laws were put into place prohibiting the use of cannabis in the United States. In the past decade, more than six million Americans have been arrested on marijuana charges. For several decades, people who use drugs and people with addictive illness have been banished to the criminal justice system.
Nearly half of all prisoners in state prisons are locked up for a non-violent offense. Every year 750,000 people are arrested for marijuana, wasting law enforcement resources and throwing non-violent offenders into the criminal justice system.
By Steve Elliott
Organizer Paul Stanford, who owns Hemp News and directs the Campaign for the Restoration and Regulation of Hemp (CRRH), still expects the two-day Hempstalk festival to occur in downtown Portland, but the free event is still waiting for a city permit, with just three weeks to go.
It's been eight months now since Portland Mayor Charlie Hales directed city staff to try and find a way to accommodate the festival, which advocates the legalization of marijuana and hemp for all uses, reports Andrew Theen at The Oregonian.
"It's outrageous," Stanford said on Friday from Spain, where he's speaking at an international cannabis festival. "They're yanking us around," he said of the city's handling of Hempstalk's permit.
Hempstalk Festival is marking its 10th anniversary this year, and Stanford has planned a downtown showcase for the event. Musical acts including Lukas Nelson (Willie's son) are slated to perform, and the event, scheduled for September 27 and 28, has been extensively promoted.
Portland city officials initially denied Stanford's application for an event permit back in December, claiming past Hempstalks at Kelley Point Park in Northy Portland have featured lax security and marijuana use.
The Cannabusiness Accelerator event on September 19 will provide the first job fair in Seattle dedicated to job opportunities in the marijuana industry, according to organizers.
Aimed at budding cannabis professionals in Washington state, the Cannabusiness Accelerator event will be held at the Silver Cloud Hotel–Broadway in Seattle’s Capitol Hill neighborhood.
Organizers said the event will serve as a locus of networking and informational know-how as well as a showcase for program partners which include Your Green Contractor, CannaGuard Security, The High Road Interior Design, and Competitive Edge Engineering.
“The Cannabusiness Accelerator helps connect dispensary and grow facility owners and managers with technology, people and solutions,” said Cannabusiness Accelerator CEO Stan Wagner. “We are spreading knowledge and best practices in this growing space.”
Nathan Mendel, president of Your Green Contractor, Inc., specializes in building grow houses, and has been spreading his know-how from Colorado to Washington to Massachusetts. He said he forward to helping build facilities in the newest state to legalize commercial marijuana
“The legal cannabis trade in Colorado has been an absolute boon to the local economy," Mendel said. "The commercial real estate market upswing has been well documented with industrial vacancy rates at record lows, but the commercial building contractor market has been positively affected as well.
By Steve Elliott
The mayor of Albuquerque, New Mexico's biggest city, on Friday vetoed a measure that would have allowed voters to decide whether to decriminalize marijuana possession in much the same way that the Santa Fe City Council did in the state's capital city two days earlier.
Albuquerque Mayor Richard Berry said in a video message posted on YouTube that he vetoed the bill because marijuana is illegal, and decriminalizing it would pose conflicts with state and local laws, reports Russell Contreras of the Associated Press.
"The original form of this bill actually has several measures that I really want to see the voters of Albuquerque weigh in on," Mayor Berry claimed. "Unfortunately, at the last minute there were measures added that I, in good conscience, cannot sign, including flying in the face of federal and state law."
Berry claimed he didn't want to get Albuquerque into a legal fight. Decrim supporters criticized the mayor for his decision.
"We're disappointed to see the mayor turn away from the opportunity to let city voters have a [say in] how our city deals with crime and justice issues," said Pat Davis of ProgressNow New Mexico, one of the organizations that sponsored the campaigns to reduce marijuana penalties in Albuquerque and Santa Fe.
Celebrity chef Payton Curry will be taking charge of an upcoming cannabis cooking website featuring infused foods, MarijuanaRecipes.com announced on Wednesday.
The site is set to launch "in the very near future," according to parent company Northsight Capital, Inc. MarijuanaRecipes.com will link to the company's cannabis industry website and mobile phone app, "WeedDepot," delivering content including directions, information, articles and ratings for medicinal and recreational users of cannabis.
Chef Curry has been seen on many popular TV programs in the Phoenix area, including Fox News, Good Morning America, and others. A restaurant owner, Curry has also given instructions on television for the proper use of medical marijuana in the cooking process, and has held local cannabis cooking classes for hundreds of participants.
In addition to developing the marijuana recipes site, Chef Curry will be doing live and video cooking classes, which will be available on www.MarijuanaRecipes.com and www.WeedDepot.com, with worldwide streaming video.
WeedDepot is designed to attract cannabis consumers and to appeal to cannabis related businesses in all 50 states. Cannabis related businesses will be able to advertise and deliver content to consumers through this robust platform set to launch the week of September 4, 2014.
"Northsight does not handle, grow, distribute, sell or manufacture cannabis or cannabis related products," the company notes in a prepared statement.
By Steve Elliott
New findings from a study of 634 couples have found that the more often they smoked marijuana, they less likely they were to engage in domestic violence. The study's big sample size and the nine-year length of the study make it a significant finding.
Researchers hypothesized that the positive effects of using cannabis may actually help reduce conflict and aggression. The findings were strong even after controlling for things like demographics, behavioral problems, and alcohol use, reports Christopher Ingraham at The Washington Post.
The study, which was conducted by researchers at the University at Buffalo School of Public Health and Health Professions along with the Research Institute on Addictions (RIA), appeared in the August online edition of Psychology of Addictive Behaviors, reports Cathy Wilde at the ]University at Buffalo.
Looking at couples over the first nine years of marriage, the study, "Couples' Marijuana Use Is Inversely Related to Their Intimate Partner Violence Over the First 9 Years of Marriage," found:
• More frequent cannabis use by husbands and wives (two to three times or more per month) predicted less frequent intimate partner violence (IPV) by husbands.
• Husbands' marijuana use also predicted less frequent IPV perpetration by wives.
WeedHire on Tuesday announced that WeedHire.com, a jobs site for the legal marijuana industry, has launched a mobile android app.
WeedHire.com said it is the first cannabis-related job site to create such a mobile app. The company said it has also created an app for the iPhone, which has already been submitted to Apple for approval and is expected to launch in the coming weeks.
WeedHire.com officials said the company a mobile version of its website for smartphone users accessing the site through their phone-based internet browsers.
"The new mobile app will allow users to conveniently access WeedHire.com right from their phone where they can review open positions and apply directly from wherever they are," said David Bernstein, CEO of WeedHire.com. "This means people can see the most recent jobs as they come out, without needing to be in front of a computer, making WeedHire.com that much more efficient for our users."
WeedHire.com says it connects professionals looking for jobs in the legal cannabis industry with employers, including government regulators, equipment manufacturers, and medical professionals.
Current job postings for cannabis related employment include many positions such as growers, budtenders, dispensary operators, security guards, dispensary administrators, solar panel specialists, delivery drivers, lab techs, marketing specialists, lawyers, insurance agents and government jobs, according to the site.
The marijuana industry is one of the few bright spots in today's economic forecast, according to the president of cannabis jobs website, 420careers.com.
“The marijuana industry is one of the few industries in the US that is creating huge quantities of job opportunities,” said Dan Kingston, president and co-founder of 420careers.com. "Hundreds, if not thousands, of marijuana-related jobs will be created in Washington state and other states that legalize marijuana for medical and/or recreational use.
"Businesses are in need of qualified and law-abiding employees to work in the marijuana industry," Kingston said.
The industry is expected to grow by 68 percent this year, to $2.57 billion, and could grow to $10.2 billion over the next five years, according to Kaja Whitehouse of the New York Post.
According to Kingston, 420careers.com provides a free place for job-seekers to browse and apply for marijuana industry jobs as well as a free place where marijuana-related businesses can post available jobs and/or browse job-seekers’ resumes for qualified personnel. For $25, businesses can upgrade their job posting with a Featured Job Listing that is displayed and highlighted near the top of 420careers.com’s homepage.
Popular marijuana jobs offered on 420careers.com range from marijuana writers to advertising sales people, budtenders to cultivation experts, security to administrative positions, and more.