carlo 19 Jan / 2016 136 0
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An Australian medical marijuana grower with ambitions to go public has tapped a prominent New York stock trader to be the chairman of its board of directors.

RxMM Health, based in Perth, announced on Thursday the appointment of Alan Valdes, vice president of trading at DME Securities, a boutique financial firm in Manhattan.

Valdes has been a member of the New York Stock Exchange for nearly 40 years, and this is not his first marijuana related venture.

In 2012, Valdes joined the board of Diego Pellicer Worldwide, a publicly traded company in Santa Monica, California, that acquires

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Australian MMJ Firm Taps NYSE Trader to Chair its Board is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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By Becky Olson

Cannabis industry executives holding post-high school certificates and degrees clock in at a rate 19 percentage-points higher than all U.S. professionals age 25 and older.

A recent Marijuana Business Daily survey showed 87% of cannabis professionals in executive or management roles have completed some sort of degree or certification after high school.  By comparison, 68% of those holding equivalent roles in the broader economy have attained this level of education, according to the U.S. Census Bureau.

Unsurprisingly, testing labs lead the cannabis sector in education levels, where nine out of ten senior level employees (89%) hold a

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Chart of the Week: Cannabis Industry Attracts Highly Educated Leaders is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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carlo 19 Jan / 2016 95 0
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While it’s common to find marijuana dispensaries and rec shops located close together in neighborhoods that meet zoning regulations for the businesses, would you want your storefront to be right next to a competitor?

A group of developers have plans to create a marijuana mini-mall in a tourist destination in Colorado, acquiring a building in downtown Trinidad with the aim of filling it with five cannabis retail stores, according to KRDO news.

The project already has its permits and is waiting for final approval from the city council.

Trinidad has favorable zoning and land use rules for marijuana businesses,

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Developer Clusters Marijuana Retail Stores in ‘Mini-Mall’ is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Marijuana business owners in Illinois say they need to see 20,000 to 30,000 customers in the next six to 12 months to stabilize what they worry is a struggling industry, according to the Daily Herald in suburban Chicago.

So far, about 4,000 patients have registered for the state’s medical marijuana program, and about 5,200 people have submitted patient card applications, according to the state’s medical marijuana program.

Illinois dispensary owners blame the low patient numbers on an insufficient number of qualifying conditions which limits the number of patients who can qualify for the program, the reluctance of some

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Illinois MMJ Program Success Requires 600% Patient Growth is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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carlo 19 Jan / 2016 107 0
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Travis Maurer, a prominent marijuana activist who played a major role in getting marijuana legalized in Oregon, is embroiled in legal issues over two different business ventures.

The larger of the two lawsuits involves a partnership to start a legal dispensary and associated grow site in Oregon, and claims $1 million in damages. Maurer is being sued by Randy Quast, who alleges he provided $700,000 to fund the build out of the business. Quast claims over $300,000 was ultimately used spent to cover Maurer’s personal expenses and debt obligations.

While the retail site moved forward, the

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Noted Legalization Advocate Faces Business Lawsuits is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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The group behind last year’s failed bid to legalize marijuana in Ohio will dissolve completely, despite vowing to take another shot at legalization in 2016.

ResponsibleOhio co-founder Jimmy Gould said the group’s leaders have determined that the best way to legalize marijuana in the state is via the legislature.

Gould and Chris Stock, the lawyer who authored the failed legalization measure, will join a 15-member task force announced Thursday by the state’s House of Representatives, Cleveland.com reported.

The task force has been set to study and make recommendations on the feasibility of legalizing medical marijuana.

Gould

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ResponsibleOhio Effort Over, Co-Founder Joins MMJ Task Force is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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