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Gotham ganjapreneurs schmooze at CannaGather confab

New York cannabisThe networking group CannaGather held its fifth confab at lower Manhattan's Galvanize venue Sept. 28, bringing together some 200 entrepreneurs, investors, press and activists from throughout the New York metropolitan area. Inspired by the New York tech industry meet-ups of the dot-com boom in the late '90s, CannaGather hopes to similarly connect people in a burgeoning industry and help spur its growth.

Damian Marley and investors purchase High Times magazine

Posted on June 1st, 2017 by Global Ganja Report and tagged , , , , , , , .

High TimesDamian Marley, youngest son of late reggae superstar Bob Marley, has joined with a group of Colorado cannabis entrepreneurs associated with the firm Denver Relief to buy controlling interest in High Times magazine, the counterculture icon with a valuation of $70 million. According to the San Francisco Chronicle, the deal includes websites, publishing and the Cannabis Cup trade shows and competitions.

Venture capital eyes legal cannabis sector —warily

Posted on April 25th, 2017 by Bill Weinberg and tagged , , , , , , , , , .

leafIt is certainly a sign of the times that a partnership of major California media—led by Bay Area News Group, owner of the San Jose Mercury News—has launched a website entitled The Cannifornian, "Covering the Golden State of Cannabis." That means it's dedicated to reportage on the fast-growing cannabis sector in post-legalization California. An April 25 offering, "Venture capital investors betting big on cannabis," notes that financial consultancy firm New Frontier Data is predicting nationwide legal cannabis sales will balloon to more than $24 billion by 2025.

High NY hosts canna-biz networking confab

Posted on March 22nd, 2017 by Bill Weinberg and tagged , , , , , , , , , , , .

New York cannabisThe group High NY, "New York's Cannabis Community," hosted an event on "How to Apply Your Skills in the Cannabis Industry" at a Lower Manhattan venue the evening of March 22, featuring speakers with background in the biz from California, Massachusetts and the District of Columbia. Unlike these three polities, New York state has not legalized. But organizers took heart that on that very same day as their meet-up, chronic pain was added to the qualifying conditions under the Empire State's burgeoning if still limited medical marijuana program.

China launches first CBD research firm

Posted on March 20th, 2017 by Bill Weinberg and tagged , , , , , , , .

ChinaChina is to get its first company dedicated to research, development and marketing of medicinal products based on cannabidiol, or CBD. The firm, dubbed XiBiDi Biotechnology Co, is to operate out of Pudong Technology Park, part of the Shanghai Pilot Free-Trade Zone. It will initially offer hemp-derived CBD oil, as well as hemp-based foods and beverages, according to a press release from ChineseInvestors.com, or CIIX. The Chinese character "XiBiDi" is homophonic to "CBD" in English.

Bill Maher makes the point by toking a joint —on the air!

Posted on February 14th, 2016 by Global Ganja Report and tagged , , , , , , .

Bill MaherIf you missed the Feb. 12 episode of Real Time with Bill Maher, do yourself a favor and check out the video on YouTube. Bill made media history that night. He starts by relating how he's always being plied with proposals to go into the cannabis biz, cashing in on the growing legal market with "Maher-ijuana" or "Billy Buds." But then he goes into an admonition for his own team: "You hippies need to get your head out of your grass! Progress doesn't just automatically snowball." He notes the rollback of abortion rights over past generation, with hundreds of clinics shut down—and makes an analogy to the hundreds of dispensaries recently closed in Los Angeles. He quipped: "And dispensaries still can't get banking services, because they're too skeevy—tha banks, not the dispensaries."

Los Angeles ex-sheriff pleads guilty in prison abuse scandal

Posted on February 10th, 2016 by Global Ganja Report and tagged , , , .

CaliforniaRetired Los Angeles County Sheriff Lee Baca pleaded guilty Feb. 10 to lying to federal investigators, in what the LA Times calls a "stunning reversal for the longtime law enforcement leader who for years insisted he played no role in the misconduct that tarnished his agency." In the plea deal filed in federal court for the Central District of California, Baca admitted to lying twice about his involvement in hiding a jail inmate from FBI investigators. In fact, Baca ordered the inmate to be isolated, putting his top deputy Paul Tanaka in charge of executing the plan, the agreement acknowledged. Baca also admitted he lied when he said he was unaware that his subordinates planned to approach an FBI special agent at her home. Baca now admits he directed the subordinates to approach the agent, stating that they should "do everything but put handcuffs" on her.  As part of the deal, prosecutors agreed not to seek a prison sentence of more than six months, Eileen Decker, US attorney for the Central District, told reporters. Tanaka is scheduled to stand trial in March on charges of obstructing the federal investigation into brutality and corruption in the county jails.

LA marijuana farmer's market: scene report

Posted on July 17th, 2014 by John Veit and tagged , , , , , , .

Los Angeles' first-ever marijuana farmers market was ordered closed by an LA Superior Court judge July 15 after City Attorney Mike Feuer asked for a restraining order against the California Heritage Market. Over the weekend of July 4, the California Heritage Market, a marijuana collective, or dispensary as it is known to the "compassionate care" crowd, opened a warehouse for cannabis cultivators to peddle their products in an open-air atmosphere. Thousands waited for hours to wade through thick crowds looking for bargains among the 60 or so booths selling dried marijuana flowers, hash, oils, and creams. One bubbly vendor told the cameras that he "couldn't believe how high the demand was."

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