Medical Marijuana News

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Getting into the medical marijuana game may require thousands of dollars in liquid assets.

The state’s Department of Licensing and Regulatory Affairs announced its recommendations for financial requirements for people trying to get a license Tuesday. It took the recommendations to the Medical Marihuana Licensing Board for board member input and for public comment.

Depending on the type of license a person wants, he or she may be required to show that they have a certain amount of liquid assets.

Andrew Brisbo is with the state Bureau of Medical Marihuana Regulation. He said the state considered multiple factors when determining the financial requirements.          

“We looked at the known costs for acquiring a license and wanted to make sure that we establish something that was reasonable when it came to access to licensure,” he said. “While also ensuring that the businesses have the capitol necessary to meet those minimum barriers.”

The financial requirements break down like this:
Grower class A $150,000
Grower class B $300,000
Grower class C $500,000
Processor $300,000
Provisioning Center $300,000
Secure Transporter $200,000
Safety Compliance Facility $200,000

At the Medical Marijuana Licensing Board meeting,

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With the Canadian cannabis market primed to be worth billions upon legalization of recreational marijuana use, Lior Gantz of Wealth Research Group makes the case for an “undervalued” competitor.

It’s time. The trend is strong, and we’ve got confirmation that the bull market has commenced. We’re first in the door—literally.

This is the Canada Marijuana Index, and since July, it has started a breakout. It’s up 35% since then, and the sector is up over 20%, which officially puts us in bull territory.

What Wealth Research Group describes here could be the key to making incredible returns, effective immediately.

Canada’s marijuana market could be worth as much as $9 billion once recreational use launches. That’s 22 times the current size—a 2,200% increase, essentially overnight. If that’s not enough, Canada will become the only developed nation in the world with the capacity to export cannabis, at a time when 29 other countries are going through the legalization process, including Germany (Europe’s richest country), Australia and Argentina.

The strongest companies right out of the gate could become “tomorrow’s Amazons” of

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In a memo to the council, Sullivan asks they consider permitting non-retail portions of the recreational marijuana business in town.

Fred Hanson The Patriot Ledger @Fhanson_Ledger

BRAINTREE – Mayor Joseph Sullivan has proposed a ban on recreational marijuana sales and commercial cultivation in town, hoping to start a discussion on what portions of the emerging industry should be allowed here.

“I believe we need to be thoughtful in our approach to this matter in recognizing that the legalization of non-medical marijuana is an evolving issue, one with many variables yet to be decided by the state Cannabis Control Commission,” Sullivan wrote in an Oct. 4 memo to the town council.

The state commission is a regulatory agency created by a state law that was signed in July,

Sullivan said the law allows communities to permit some types of marijuana businesses and not others. Recreational marijuana cultivation could offer “significant financial benefits to the town,” he said.

“The opportunity to allow one or more types of recreational marijuana establishment(s), while still prohibiting retail sales of non-medicinal marijuana, may be an option

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Published: Wed, October 18, 2017 @ 12:00 a.m.

Medical marijuana

YOUNGSTOWN

The planning commission Tuesday recommended city council permit a business wanting to sell medical marijuana to be allowed to open at 3321 Mahoning Ave., a former bank building in the Mahoning Plaza.

The recommendation came after a presentation from A.J. Caraballo, a pharmacist and co-owner of Holistic Health Partners LLC. Holistic is one of three businesses interested in opening a medical marijuana dispensary in the city. It has an option to lease the plaza location should the state grant it a license.

Missing boater

WARREN

Three cadaver dogs on boats plus four other boats, some equipped with sonar, continued the search Tuesday for a man missing on Mosquito Lake since Sunday morning.

The search began at 8:30 a.m. Tuesday and was to continue until near dark in an effort to “pinpoint the search area” for the man’s body, said Ohio Department of Natural Resources public information officer Stephanie Leis.

John Schuster, 51, of the Youngstown-Girard area, went missing after the 12-foot plastic canoe he and a companion were

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Voters at Westford’s 2017 special Town Meeting on Oct. 16 passed two bylaw amendments to prohibit recreational marijuana establishments in town.

Alexander Silva asilva@wickedlocal.com @IndieEagleWL

Westford special Town Meeting voted to prohibit recreational marijuana establishments in town, bucking the results of last year’s state ballot question legalizing recreational marijuana in Massachusetts.

Residents voted on 15 warrant articles at the 2017 special Town Meeting Oct. 16, but the biggest draw was a series of articles amending the town’s general and zoning bylaws to prohibit recreational marijuana establishments in Westford.

Westford voters approved Article 10 – a general bylaw amendment – by a majority vote, which prohibits all types of non-medical marijuana establishments in town, including marijuana cultivators, independent testing laboratories, marijuana product manufacturers, and marijuana retailers.

Voters also approved Article 11 – a zoning bylaw amendment – by the required two-thirds majority, which prohibits such establishments in all zoning districts in town.

Westford Town Counsel John Giorgio of Boston-based Kopelman and Paige recommended both bylaw amendments, but said it was the zoning bylaw amendment the town would use to prohibit recreational

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