Author Archives: Douglas Slain

Top Ten Problems with Recreational Marijuana

Baby marijuana plants

1) Banking Marijuana businesses have always had a hard time doing banking in that banks are Federally-chartered institutions. Neither checking accounts nor debit or credit accounts are permitted, in theory anyway. However, it appears there is good news on the way. In early 2014, U.S. Attorney General Eric Holder announced that the Justice and Treasury departments were jointly working on ...

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The Future of Recreational Marijuana

This is what you can expect in states following Colorado and Washington in the inexorable march toward legalization. First, these states will need to have a medical marijuana initiative ballot drive or state-wide general election to implement a program that is regulated and taxed. Second, there will be need for the state’s citizenry to become aware that the medical marijuana ...

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Market Opportunities

When and if marijuana becomes legal in all 50 states, it will generate close to $50 billion in revenue, according to sources. To put this in perspective, the U.S. beer market annual sales are just under $100 billion, wine $32 billion annually, and coffee and tea $1.1 billion. That $50 billion does not include black market revenue which will remain ...

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Physicians in Favor of Cannabis

Doctor at desk with marijuana samples

According to a recent WebMD survey, 69% of physicians in the U.S. believe that marijuana has medical benefits while 56% favor its legalization for medical purposes. “The medical community is clearly saying they support using marijuana as a potential treatment option for any number of medical problems”, says WebMD Chief Medical Editor Michael Smith. Regardless of past restrictions, a majority ...

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New: Marijuana Business Directory with Google Maps

pin markers on map

Hemp Insider is proud to introduce our online marijuana business directory as a valued resource for aspiring cannabis entrepreneurs and companies seeking business service providers. From payment services to lawyers, accountants to retail, security, and website development, there are hundreds of nationwide businesses that specialize in serving marijuana community. Use our advanced search features to find a marijuana-friendly business near ...

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Publicly Traded Companies Losing Out On Marijuana Land-Grab

Businessman sat on a chair in the corner wearing a dunce hat

Publicly traded companies have traditionally stayed away from marijuana. At the most, they have involved themselves in hemp-based products and ancillary markets such as grow equipment and real estate. Two pink sheet companies (trade on the over-the-counter markets only) now say that they are applying for licenses to grow medical cannabis (one in Nevada and another in Ontario), while another ...

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Marijuana Industry Boom Equals JOBS

Technician with medical cannabis

420careers.com has announced that with the marijuana industry expanding so rapidly, there is unprecedented demand for marijuana-related workers throughout the country. More than 20 states allow medical marijuana, 2 states allow recreational marijuana use, and 12 other states have pro-marijuana legislation initiatives. “The U.S. marijuana industry is developing quicker than any other industry. The rapid growth is generating hundreds of ...

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Colorado v. Washington

Colorado state flag vs Washington state flag

Which state will serve as a model for other markets when it comes to crafting a recreational cannabis regime: Colorado or Washington? Although Washington and Colorado both legalized recreational marijuana in November of 2013, the two states have taken very different paths since then. Colorado appears to be the obvious winner from a business perspective with its recreational marijuana market ...

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A Multi-Billion Dollar Industry

A new multibillion dollar industry became a reality when Colorado and Washington States approved recreational marijuana in late 2013. For the first time, re-sales of marijuana and marijuana extracts and edibles are legal transactions in two of the United States. When the President of the United States publicly refers to the relative impact of alcohol and marijuana on our nation’s ...

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States Update

Approximately 15 states have established a path to legalizing marijuana. Some are further along than others. 2016 will be the next big year for recreational ballot measures. Meanwhile, the following obtains: Alaska There is a general election vote in August 2014 that will likely approve a regulatory scheme similar to that of Colorado, plus a $50 per-ounce tax. Oregon There ...

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