California Beer & Beverage Distributors Don't Speak for Us
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Business
CVS Pays Largest Civil Penalty Ever Assessed Under the Controlled Substances Act for Selling Main Meth Ingredient
CVS, the nation's largest drug-store chain, is paying whatâs considered the largest civil penalty ever â $75 million â assessed under the Controlled Substances Act as well as forfeiting $2.6 million in profits from the sales of medicines that contain pseudoephedrine â a key ingredient to making meth.
Mexican Drug Trafficking Organization Expands Into Illegal Mining
A Mexican drug trafficking organization already raking in hefty profits trafficking drugs to the United States under drug prohibition has discovered a new business in the western state of Michoacan -- illegal mining.
Medical Marijuana in Montana Becoming Big Business
Marijuana in Montana isn't just for legal medicinal or unlawful recreational purposes - it's also a booming business. That message was loud and clear among caregivers and others who attended the Medical Marijuana Growers Association gathering in Helena this week.
Electricity Theft by B.C. Grow-ops Costs $100M a Year
BC Hydro says the theft of electricity â mostly from drug prohibition-inspired marijuana grow operations â now costs $100 million every year. Hydro spokesperson Cindy Verschoor said that's a significant increase from the estimated $30-million revenue loss from electricity theft in 2006, the last time Hydro calculated the loss. She said it's because larger and more sophisticated grow-ops are sucking more power each year.
Medical Marijuana a Cash Crop for Newspaper Ads
In Colorado, California and Montana, where medical marijuana is legal, newspapers are enjoying increased ad revenue for this emerging market. This is most valuable at a time when newspapers are hurting for advertising, particularly classified ads, which have plummeted with the rise of online services like Craigslist.
Oakland Leaders Attend Reopening of Pot Mega-Store
It was already known as the Wal-Mart of the marijuana world with 15,000 square feet of everything you ever needed to grow or smoke marijuana. Now, iGrow is growing even more, so much, that it changed its name to "weGrow."
Marijuana Soda? Medicinal Users Now Have Smoke-Free Option
A new line of marijuana-infused beverages are now available to patients with a recommendation for medical marijuana. Made by Colorado-based Dixie Elixirs, the carbonated drinks are marketed to medicinal marijuana patients who wish to avoid âweed cultureâ stigmas.
Arizona Firms Jockeying to Get Medical Marijuana Licenses
More than a dozen companies are setting up shop in Arizona hoping to get into the business of selling medical marijuana. The Arizona law requires that the dispensaries be set up as non-profit corporations. But that isn't deterring would-be medical marijuana sellers who hope to snare one of 120 licenses.
Boulder Extends Deadline for Medical Marijuana Businesses
The Boulder, Colorado city manager extended the deadline for existing medical marijuana businesses to apply for an operating license, citing massive confusion about the city's rules. If the deadline had not been extended, the majority of the city's dispensaries and growing operations would be operating illegally, though owners may not have known it.