Type of site | Trade news website |
|---|---|
| Available in | English |
| Headquarters | Lakewood, Colorado |
| Owner | Marijuana Business Media |
| Editor | Chris Walsh |
| URL | mjbizdaily |
| Commercial | Yes |
| Launched | 2011 |
Marijuana Business Daily (formerly known as MMJ Business Daily, also known as MJBizDaily) is a Colorado-based business news outlet for professionals in the recreational and medical cannabis industry in the United States. The publication was founded in 2011 by Marijuana Business Media, a division of Anne Holland Ventures, Inc. The CEO is Chris Walsh. [1] It is a privately held, woman-owned business.
The daily news site, www.mjbizdaily.com, is paired with a 10-times-a-year print and digital magazine that covers cannabis trends and how-to advice for business owners, Marijuana Business Magazine.
The business also covers international marijuana business, including Canada, Europe and Latin America with MJBizDaily International.
In addition, MJBizDaily has a site dedicated to news in the hemp and CBD space: Hemp Industry Daily.
In November 2012, the publication launched The Marijuana Business Conference & Expo (MJBizCon), a national trade show for the legal marijuana industry. [2] The Marijuana Business Conference & Expo is held annually in Las Vegas and is widely recognized as the largest professional trade show for legal Cannabis markets and ancillary products in the world. I
That show is complemented by MJBizConNEXT each Spring.
In March 2013, the publication also released the first edition of its Marijuana Business Factbook, with data on cannabis industry growth and opportunities in investing, cultivation, retail and manufacturing. The most recent edition of the Factbook was published in May 2020 and predicts annual U.S. domestic Cannabis sales at $30 to $37 billion by 2024.
The Marihuana Tax Act of 1937, Pub.L. 75–238, 50 Stat. 551, enacted August 2, 1937, was a United States Act that placed a tax on the sale of cannabis. The H.R. 6385 act was drafted by Harry Anslinger and introduced by Rep. Robert L. Doughton of North Carolina, on April 14, 1937. The Seventy-fifth United States Congress held hearings on April 27, 28, 29th, 30th, and May 4, 1937. Upon the congressional hearings confirmation, the H.R. 6385 act was redrafted as H.R. 6906 and introduced with House Report 792. The Act is now commonly referred to, using the modern spelling, as the 1937 Marijuana Tax Act. This act was overturned in 1969 in Leary v. United States, and was repealed by Congress the next year.
Seattle Hempfest is an annual event in the city of Seattle, Washington advocating the legalization of cannabis. Vivian McPeak serves as the organization's executive director. Founded in 1991 as the Washington Hemp Expo, a self-described "humble gathering of stoners" attended by only 500 people, and renamed the following year as Hempfest, it has grown into a three-day annual political rally, concert, and arts and crafts fair with attendance typically over 100,000. Speakers have included Seattle city council member Nick Licata, actor/activist Woody Harrelson (2004), travel writer and TV host Rick Steves (2007), (2010), 2012 Green Party speaker Jill Stein, Dallas Cowboys center Mark Stepnoski (2003), and former chief of the Seattle Police Department Norm Stamper (2006). Hempfest has also in recent years attracted such well-known performers as Fishbone (2002), The Kottonmouth Kings (2004), Rehab (2006), and Pato Banton (2007) to its five stages spread throughout Myrtle Edwards Park and Elliott Bay Park, on Seattle's waterfront.
The legal history of cannabis in the United States pertains to the regulation of cannabis for medical, recreational, and industrial purposes in the United States. Increased restrictions and labeling of cannabis as a poison began in many states from 1906 onward, and outright prohibitions began in the 1920s. By the mid-1930s cannabis was regulated as a drug in every state, including 35 states that adopted the Uniform State Narcotic Drug Act. The first national regulation was the Marihuana Tax Act of 1937.
The use, sale, and possession of cannabis over 0.3% THC in the United States, despite laws in many states permitting it under various circumstances, is illegal under federal law. As a Schedule I drug under the federal Controlled Substances Act of 1970, cannabis over 0.3% THC is considered to have "no accepted medical use" and have a high potential for abuse and physical or psychological dependence. Cannabis use is illegal for any reason, with the exception of FDA-approved research programs. However, individual states have enacted legislation permitting exemptions for various uses, including medical, industrial, and recreational use.
Cannabis in Oregon is legal for both medical and recreational use. In recent decades, the U.S. state of Oregon has had a number of legislative, legal, and cultural events surrounding use of cannabis. Oregon was the first state to decriminalize the possession of small amounts of cannabis, and among the first to authorize its use for medical purposes. An attempt to recriminalize possession of small amounts of cannabis was turned down by Oregon voters in 1997.
Cannabis in California has been legal for medical use since 1996, and for recreational use since late 2016. The state of California has been at the forefront of efforts to liberalize cannabis laws in the United States, beginning in 1972 with the nation's first ballot initiative attempting to legalize cannabis. Although it was unsuccessful, California would later become the first state to legalize medical cannabis with the passage of the Compassionate Use Act of 1996. In November 2016, California voters approved the Adult Use of Marijuana Act to legalize the recreational use of cannabis.
The National Cannabis Industry Association (NCIA) is an American non-profit organization based in the District of Columbia, with an additional office in Denver, Colorado. NCIA is the largest cannabis trade association in the U.S. and the only organization representing state-sanctioned cannabis-related businesses at the federal level. Its mission is "to promote the growth of a responsible and legitimate cannabis industry and work for a favorable social, economic and legal environment for that industry in the United States." The organization was founded in late 2010 and has been described as the "first national trade group for the cannabis industry" in the United States.
Cannabis in Massachusetts is legal for medical and recreational use. It also relates to the legal and cultural events surrounding the use of cannabis. A century after becoming the first U.S. state to criminalize recreational cannabis, Massachusetts voters elected to legalize it in 2016.
MedMen Enterprises, or MedMen, is a publicly-traded, United States-based cannabis company with operations in California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts.
Charlotte's Web is a brand of high-cannabidiol (CBD), low-tetrahydrocannabinol (THC) products derived from industrial hemp and marketed as dietary supplements and cosmetics under federal law of the United States. It is produced by Charlotte's Web, Inc. in Colorado. Hemp-derived products do not induce the psychoactive "high" typically associated with recreational marijuana strains that are high in THC. Charlotte's Web hemp-derived products contain less than 0.3% THC.
Chris Conrad is an American author, activist, curator, publisher and court-recognized expert in cannabis cultivation and use. He has played a key role in the shaping of the modern industrial and medical cannabis reform movements as the author of such seminal books as Hemp: Lifeline to the Future (1993) and Hemp for Health (1997), as well as through his activist work as the co-founder and first President of the Hemp Industries Association (HIA), founder of the Business Alliance in Commerce and Hemp (BACH), and a signature gathering coordinator for the Proposition 215 volunteer effort which made California the first US state to legalize the medical use of cannabis. The December, 1999 issue of High Times ranked Conrad #10 on its list of top 25 "living legends in the battle for legal cannabis."
Paul Stanford is the founder of The Hemp and Cannabis Foundation (THCF), THCF Medical Clinics, and the Campaign for the Restoration and Regulation of Hemp (CRRH).
Cannabis in Iowa is illegal for recreational use if classified as marijuana but consumable hemp products including CBD products are legal for consumers to possess and registered retailers to sell. Possession of even small amounts of marijuana is a misdemeanor crime. The state has a medical cannabidiol program for serious medical conditions that allows for the legal possession of products containing 3% or less THC.
The Hemp and Cannabis Foundation (THCF) was founded in 1999 by Paul Stanford in Portland, Oregon. To date THCF has helped over 250,000 patients obtain a legal permit to use medical marijuana in the states where it is legal and where THCF has clinics. THCF is the largest chain of medical marijuana clinics in the U.S. with clinics operating in 12 states.
Cannabis in Italy is legal for medical and industrial uses, although it is strictly regulated, while it is decriminalized for recreational uses. In particular, the possession of small amounts of marijuana for personal use is a misdemeanor and it is subjected to fines, as well as the suspension of personal documents. Nevertheless, the unauthorized sale of cannabis-related products is illegal and punishable with imprisonment, as is the unlicensed cultivation of cannabis, although recent court cases have effectively established the legality of cultivating cannabis in small amounts and for exclusively personal use. The licensed cultivation of cannabis for medical and industrial purposes requires the use of certified seeds, however there is no need for authorization in order to plant certified seeds with minimal levels of psychoactive compounds.
Terms related to cannabis include:
The cannabis industry is composed of legal cultivators and producers, consumers, independent industrial standards bodies, ancillary products and services, regulators and researchers concerning cannabis and its industrial derivative, hemp. The cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalize medical and adult use. Uruguay became the first country to legalize recreational marijuana through legislation in December, 2013 Cannabis in Uruguay. Canada became the first country to legalize private sales of recreational marijuana with Bill C-45 in 2018 Cannabis in Canada.
The following outline is provided as an overview of and topical guide to the plant Cannabis sativa and its relatives Cannabis indica and Cannabis ruderalis, the drug cannabis (drug) and the industrial product hemp.
The Green Rush (2012–present) is an ongoing global economic event that began on December 6, 2012, when cannabis was legalized in the US state of Washington; Colorado's legalization took effect four days later. While still illegal federally in the United States, the actions of these two state governments signaled the opening of a market projected to be worth US$48+ billion globally by 2027. As of 2019 the cannabis industry had created over 250,000 jobs. However, cannabis companies have been a mixed investment success, with many experiencing plunging stock prices, massive layoffs, and failure to meet investor expectations.
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