business

U.S.: NFL Legend Joe Montana Invests in Cannabis Media Business

Joe Montana

By Michael Bachara
Hemp News

Recently, NFL Hall of Fame quarterback Joe Montana bought into cannabis technology company HERB.

HERB, a digital media company based in Toronto, Canada geared specifically for the cannabis industry, mixes original how-to videos with hard news and profiles. The company, which boasts 5.3 million unique visitors per month and 2 billion organic video views annually as of June 2017, aims to expand to Los Angeles and New York City, as well as build out new studios to offer online video content.

Liquid 2 Ventures, Montana's venture capital firm, was a part of a group that invested $4.1 million into Herb during the company’s seed-funding round.

Pennsylvania: Cannabis Business Conference Set For April 30

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Pennsylvania’s first business accelerator specific for ancillary startups in the cannabis and industrial hemp industries will host what's being called "Philadelphia’s first ever canna-business and medical research conference" at the Chemical Heritage Foundation on Saturday, April 30.

Innovation in the Cannabis Industry; Technology, Medical & Investment is a one-day conference that is taking place in Center City Philadelphia at the intimate Chemical Heritage Foundation. This daylong conference features panel discussions from 17 of the cannabis industry’s thought leaders on critical topics such as canna-technology, medicinal research, and investing in canna-businesses, with a specific focus on expected trends emerging on the East Coast.

New York: Super Bowl Champion Leonard Marshall To Keynote Cannabis World Congress

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NY Giants & New York Jets All Star Defensive Lineman to Talk about CTE, Building Brands, and Overcoming Adversity

Providing personal insight as a successful business entrepreneur and former champion NFL player with CTE symptoms, Leonard A. Marshall, Jr., will be a keynote speaker at the Cannabis World Congress & Business Exposition (CWCBExpo), at the Javits Center in New York. Taking place June 15-17, 2016, CWCBExpo NY is a trade show and conference for the medical marijuana and legalized cannabis industry.

Marshall’s keynote on Thursday, June 16, will precede the all-star thought-leadership panel on “CTE, Concussions and CBD,” which he will also moderate. As a successful athlete, businessman, medical marijuana business investor, philanthropist and family man, Marshall will tell CWCBExpo attendees what it takes to overcome challenges and obstacles to succeed.

“I am ecstatic to be participating in CWCBExpo and keynoting and moderating the all-star thought leadership panel," Marshall said. "With my background and experience in football and with CTE, I’ll be able to bring a first-hand perspective to this important topic. I look forward to addressing this issue in such a professional and well planned forum along with the other athletes.”

New York: Educational Cannabis Business Forum Scheduled For June 15-17

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Registration is Open for 3rd Annual Cannabis World Congress & Business Exposition June 15-17, 2016

A majority of U.S. states are poised to transition from cannabis prohibition to some form of regulated legal markets for recreational and medical cannabis this year, making the 3rd Annual Cannabis World Congress & Business Exposition (CWCBExpo) in New York a must attend event to learn about and see the latest innovations that will move the industry forward.

Taking place June 15-17 at the Jacob K. Javits Convention Center in New York, NY, CWCBExpo’s Northeast location taps into the country’s’ biggest financial, media, manufacturing, entrepreneurial and healthcare markets. CWCBExpo NY will offer a learning agenda with subject matter experts in banking, pain management, healthcare, investing, regulations, law, emerging markets, and product development fields participating.

In-depth Add-On Workshops on June 15 cover:

• “Open or Purchase a Cannabis Industry,” a six hour certification program offered by Clover Leaf University
• “Cannabis Growth Capital Conference and Investor Fair,” connecting investors with leaders in the cannabis public markets as well as up and coming private companies.

A bonus Add-On Workshop will take place the day after CWCBExpo NY, Saturday, June 18, with an all-day session on “Grow a Bright Future with a Green Collar Career: Don’t Miss the ‘Green Rush’,” presented by the Cannabis Career Institute.

Colorado: Cannabis Start-Up Businesses Strut Their Stuff At DemoDay

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Cannabis entrepreneurs taking part in CanopyBoulder’s fall class will offer in-depth public demonstrations of their fledgling businesses on Wednesday, Nov. 18 at 5 p.m. in Boulder’s eTown Hall.

The event, which is open to the public and live-streamed, features demonstrations by the founding partners of companies in everything from grow-tech to media to accessories. All nine CanopyBoulder companies are presenting during the event.

“Cannabis innovators pack our fall class, and all of them are excited about discussing their businesses,” said CanopyBoulder co-founder Patrick Rea. “The industry is still so young, and the entrepreneurial ferment bubbling up around it gets fizzier every month.”

CanopyBoulder, the nation’s only business accelerator for the cannabis industry, accepts two classes of entrepreneurs a year to participate in prestigious 13-week boot camps. By the time the businesses graduate, they should be poised to gain investors and begin engaging with the marketplace.

The first class of CanopyBoulder, which graduated in June, has already raised more then $3 million from investors for a wide range of business, including business analytics, media, an online cannabis marketplace and more.

U.S.: Cannabis Industry Innovator Named One of Fortune's 'Most Promising Women'

JessicaBillingsleyFortune[MJFreeway]

For the first time ever, Fortune Magazine has honored a cannabis industry innovator as one of its 2015 "Most Promising Women Entrepreneurs" list.

Jessica Billingsley, cofounder and COO of MJ Freeway Business Solutions, is the first woman ever from the cannabis industry to accept the prestigious Fortune Most Promising Women Entrepreneur Award. MJ Freeway is a Denver-based woman-owned software company and leading provider of marijuana business software including point of sale, inventory tracking, manufacturing, and cultivation management.

This tremendous accolade is presented annually to 10 female founders of thriving, innovative, groundbreaking companies with revenue in the $1 million-to-$25 million range.

"The Most Promising Women Entrepreneurs add so much to the Fortune Most Powerful Women community by sharing how they create companies from scratch and scale their organizations at a pace and level of flexibility that are often the envy of Fortune 500 giants," said Pattie Sellers, assistant managing editor at Fortune and executive director, MPW/Live Content, Time Inc/

“I am honored to have received this award, but it is not my award," Billingsley said. "MJ Freeway's team of women and men who have worked with vision and determination to build this company all won this award.

"I'm proud of the culture, success, and commitment to diversity that my co-founder, Amy Poinsett, and I created," Billingsley said. "But I am even prouder of the team that lives it every day serving our customers.”

Maryland: Director Appointed For Medical Marijuana Program

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By Steve Elliott
Hemp News

The first executive director of the Maryland Medical Marijuana Commission has been appointed, it was announced on Friday.

Hannah Byron has been named to the position, according to the panel, reports the Maryland Department of Health and Mental Hygiene. Byron was assistant secretary for the Maryland Division of Tourism, Film and the Arts of the Department of Economic and Business Development.

Byron's appointment takes effect on January 14.

“The Commission is thrilled that Hannah Byron, an extraordinarily effective public official, has agreed to be our first full-time executive director,” said Dr. Paul Davies, chair of the Natalie M. LaPrade Medical Marijuana Commission. “For more than 12 years, she has been a top administrator in the Department of Business and Economic Development. We are excited that she will bring her deep experience with the business community and her commitment to the citizens of Maryland to lead the Commission.”

“We face an urgent challenge to get medical marijuana to patients whose doctors have certified that they need it,” Byron said. “I look forward to working with the medical profession and patients, law enforcement, business and agricultural leaders, the Commissioners and others to implement this law. I am committed to getting this program operational as quickly as possible.”

U.S.: Marijuana Selfies Website Offers Cash, Prizes

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Howard R. Baer and Papa Baer Productions on Friday announced the launch of a new, improved MarijuanaSelfies.com web site, where individuals can post marijuana related “selfie” pictures and win cash and other prizes weekly.

Marijuana Selfies originally launched on Facebook in May of 2014, and now has 16,000 “likes” on its Facebook page.

Selfies that are posted on MarijuanaSelfies.com get rated by other users and each week the three highest-rated selfies win prizes ranging from marijuana-related clothing to accessories.

Users are also able to purchase MarijuanaSelfies.com apparel and participate in nationwide events.

Cash prizes of $175 to the 3 top vote-getters are given out monthly, while prizes of Marijuana Selfies clothing, cell phone covers, etc. are given to the weekly winners.

“The marijuana community is making its way into the mainstream, and through Facebook and other accounts, I’ve found that it is a very tight knit, fun loving, and friendly community," said founder Howard R. Baer.

"I thought it would be great for the community to have its own special place to post pictures, so we created MarijuanaSelfies.com.”

Marijuana Selfies Facebook Page

Washington: Jobs Fair, Expo For Cannabis Industry Set For Sept. 19

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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.

Colorado: Endocan Corporation Changes Name To OmniCanna Health Solutions

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By Steve Elliott
Hemp News

The board of directors of the Colorado Springs, Colorado-based company formerly known as Endocan Corporation, which specializes in cannabis and cannabinoid formulation-based health and wellness solutions, has selected the new name OmniCanna Health Solutions, they announced on Tuesday.

"OmniCanna Health Solutions was chosen by the Board as a direct reference to the latin 'omnis' meaning 'all' and Canna in relation to 'cannabis and cannabinoids'," said Dr. Dorothy Bray, president of OmniCanna Health Solutions, Inc. "The 'health solutions' completes the full meaning and general mission of the Company to provide the wellness solutions using the full spectrum of legal cannabis and cannabinoid extract based products," Dr. Bray said.

The company's website has been changed accordingly to www.omnicanna.com .

According to the company, the name change began with appropriate regulatory filings with the Office of the Nevada Secretary of State, and the next steps are underway with FINRA for a symbol change to match the new name. The new symbol will be announced in the near term.

The company has also hired the accounting firm, Turner, Stone and Company, LLP to review and audit the Company's financials. "The OmniCanna Health Solutions name change will have no effect on the Company's share structure, corporate organization, business model operations, or corporate governance," according to a Tuesday release from the company.

Illinois: Medical Marijuana Draws Big Money Interest

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By Steve Elliott
Hemp News

Illinois Gov. Pat Quinn this month signed into a law a bill allowing for a temporary, for-profit medical marijuana industry in the state, allowing cannabis sales to patients who qualify with certain medical conditions and are authorized by their physicians, starting in 2014.

And while the risks of investing in the nascent medicinal cannabis industry are still large -- chiefly including the possibility of the federal government shutting things down -- plenty of investors are willing to cough up hundreds of thousands, and sometimes millions, of dollars to get a chance at serving the new market, reports Peter Frost at the Chicago Tribune.

More than 200 people attended a Saturday event in the Chicago area, paying up to $375 apiece to hear about the medical marijuana business and to rub elbows with business leaders from California, Colorado and Michigan. Another event on Thursday at another downtown hotel drew more than 50.

"I've talked to several potential investors here thinking home-run dollars from the beginning," said Michael Mayes of Chicago, CEO of marijuana consulting and technology firm Quantum 9. "But, here at least, if you're swinging for the fences, you have to know you might strike out."

Mayes also operates two cannabis cultivation centers and three dispensaries in Colorado.

U.S.: Kush Bottles Takes a Stand Against 'Sandwich Bag' Dispensing of Medical Marijuana

KushBottles

By Steve Elliott
Hemp News

Kush Bottles, which bills itself as the nation's largest wholesale distributor of pharmaceutical-grade containers for marijuana, announced this week that it will be designing a marketing campaign to promote the use of Child-Safe packaging for the dispensing of medical and recreational cannabis in those states where it is legal.

The company, which of course wants to sell more bottles, expressed particular concern with the "sandwich bag" dispensing still prevalent at many dispensaries, which, the company claims, "harkens back to the days of shady drug-dealers and back alley transactions."

I personally prefer bottles to bags, but not for any "shady" or "back alley" reasons. Bottles are preferable because the flowers don't get crushed or damaged, avoiding trichome loss and thus potency reduction. Hey Kush Bottles, there's no need to use scary imagery; logic works much better.

"As this industry continues to grow and gain legitimacy, we need to police ourselves and make certain that the products we provide are dispensed in a safe and careful manner," said Nicholas Kovacevich, chief operating officer of Kush Bottles. "If we want to be taken seriously as a member of the medical and pharmaceutical community, then we must raise our standards and act accordingly."

Kush Bottles offers a line of packaging products, including ones with child-resistant tops. The containers are made in America from FDA approved materials, according to the company.

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