marijuana business

Alaska: Regulators To Start Taking Applications For Marijuana Businesses

Alaska weed.jpg

By Derrick Stanley
Hemp News

Applications for marijuana business licenses will be accepted in Alaska beginning Wednesday, marking the next step in establishing the state's legal cannabis industry.

Prospective business owners need to already have secured a site to apply for a license. Having a site ready has proved to be a challenge due to a variety of factors. These factors include location, local community bans, or zoning restrictions.

Sometimes the challenge is from leery property owners. Leif Abel of the Coalition for Responsible Cannabis Legalization explained that there's a lot of risk for would-be business owners. "I would say that your average business person would look at it and turn around and do something that was much less risky," he told the Associated Press in a recent interview.

Abel, a farmer and owner of a building company, says that he and others are passionate about the industry and eager to be a part of it. He and his partners are currently building a facility for their company, Greatland Ganja, on the Kenai Peninsula.

The legal purchase of cannabis by adults 21 and over is still months away. Although the state's Marijuana Control Board will start accepting applications on Wednesday, it will be three weeks before any applications are considered complete due to state regulated noticing requirements. Once deemed complete, the board has 90 days to approve or deny it.

New York: Addiction Counselor Backs 'Inevitable' Marijuana Legalization

JoeSchrank(Loft107)

By Steve Elliott
Hemp News

With a recent report predicting that 18 states will legalize marijuana by 2020, there are some major changes on the way, and four states have already taken the plunge.

Last year was a groundbreaking one, according to the report. It "will be remembered as a year when ... a sense of inevitability about national legalization became conventional wisdom among elected officials and the general public."

Social worker, addiction counselor and recovering alcoholic Joe Schrank, the founder of Loft 107, a sober-living facility in the heart of Brooklyn, says it isn't in the public interest to continue a secret culture that facilitates a recession-proof industry for people who don't pay taxes.

According to Schrank, millions of people are already using cannabis recreationally, untaxed and unregulated. Schrank points out that alcohol has had a monopoly on legal intoxication for generations, so it's wrong to not let individuals make their own choice.

Furthermore, as more states legalize, Schrank hopes to see an "intoxicating substance" tax that will fund treatment and recovery options that are available and easily accessible -- "a far better policy than threats and incarceration," he said.

Photo: Joe Schrank/Facebook

U.S.: Steep Hill Releases New Test For Cannabis Market: 'Sexing Made Simple'

SteepHillCannabisAnalysisLaboratory(logo)

Steep Hill, which specializes in cannabis testing and analytics in the United States and internationally, on Monday released GenKit, a new testing product to assist the growing cannabis industry. GenKit is a proprietary sexing test kit to quickly determine the sex of cannabis plants.

According to Steep Hill, this testing product allows outdoor seed-based growers to speed up the process by which male plants are identified and culled from the crop. Steep Hill’s GenKit allows sex determination at a very early stage in the plant’s development, and shortens this process from several weeks to several days.

GenKit is an industry breakthrough that allows crops to be grown more intelligently, conserving resources and expanding yield, according to the company.

Steep Hill said GenKit works by analyzing genetic information early in the cannabis growth cycle, enabling the removal of unwanted plants from the garden, lowering plant counts, and saving precious resources and cultivation space.

"This revolutionary test, built in modular format, utilizes DNA based diagnostics to very accurately determine the sex of a specific cannabis plant, all of which is made possible by our new long read sequencer," said Reggie Gaudino, Ph.D., director of Intellectual Property & Genetic Analysis at Steep Hill.

U.S.: Report Says Legalized Marijuana Is Nation's Fastest Growing Industry

ArcViewResearchExecutiveSummaryTheStateOfLegalMarijuanaMarkets3rdEdition

By Steve Elliott
Hemp News

Legalized marijuana is the fastest-growing industry in the United States, according to a new report.

The legal cannabis industry expanded 74 percent during 2014, according to the study, from California-based research and investment firm ArcView Market Research, report Chris Oberholtz and Josh Marshall at KCTV.

The market grew from $1.5 billion in 2013 to $2.7 billion in 2014 in combined retail and wholesale sales, according to the data, published in the company's third edition of the "State of Legal Marijuana Markets."

Five states -- California, Colorado, Washington, Arizona and Michigan -- now have cannabis markets greater than $100 million, according to the report.

"In the last year, the rise of the cannabis industry went from an interesting cocktail conversation to being taken seriously as the fastest growing industry in America," said Troy Dayton, ArcView Group CEO. "At this point, it's hard to imagine that any serious businessperson who is paying attention hasn't spent some time thinking about the possibilities in this market."

Colorado became the "new epicenter of the industry" as the first active adult use market, according to ArcView, and recorded $805 million total combined retail and wholesale sales.

U.S.: NugMedia Upgrades Cannabis Advertising Network With Geo-Targeting and Keyword-Targeting

TheNug

Enables Companies Serving the Cannabis Community to Deliver Ads to Highly-Targeted Audiences

NugMedia, a company that operates several popular cannabis culture-themed websites including TheNug.com, on Wednesday announced that the company has introduced geo-targeting and keyword-targeting capabilities that enable advertisers to increase click-through rates (CTRs) by delivering the right ads to the right audiences at the right time.

NugMedia says it is the first publisher network serving the cannabis community to feature geo-targeted ads, keyword tracking and ad placement analytics that ensure the highest CTRs for advertisers. NugMedia said it will utilize geo-targeting, keyword tracking and ad placement analytics for all clients, both current and prospective.

Advertisers will benefit from higher follow-through traffic and greater conversions on their ads, according to NugMedia. Publishers will benefit from targeted ads that provide higher click-through rates, which in turn results in greater revenue, according to the company.

"The ability to effectively deliver ads based on audience location and behavior has eluded the cannabis marketplace for far too long," said John Oram, director at NugMedia. "We predict a substantial spike in our advertisers' click-through rates now that we are able to target the optimal audience for each product or service they offer. Each ad will be served to the right audience based on location and relevant content."

U.S.: Marijuana Freelance Network Announced By Ganjapreneur

Ganjapreneur(logo)

Ganjapreneur — an online cannabis business resource that launched over the summer — has announced the launch of a "Freelancer Network" on its website. An official launch date for the project has not been set, but Ganjapreneur has outlined several of the features.

This network will be made publicly available and will be free to use. Freelancers who join the network will be able to create a listing using their real name or a pseudonym, describe their specialty and location, upload a biography and/or personal statement, and provide a contact email address.

The listings will be organized in a directory and categorized by service type. Businesses will then be able to use the directory when searching for freelancers for projects that require specific skill sets, and creative agencies who want to take on cannabis industry jobs will be able to recruit people who are interested in cannabis-related work.

The Ganjapreneur Freelancer Network will include categories such as web developers, graphic designers, copywriters, SEO experts, social media marketers, videographers, animators, and programmers.

Unlike many other freelancer networks, Ganjapreneur will not take a percentage off the top of projects organized through its network, and it will not require freelancers to manage all communications with their clients through its website.

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