Seattle City Council Agrees In Plan Closing Down Medical Cannabis Businesses

        A rash of new medical-marijuana shops have opened since the start of 2013, just after voters legalized adult possession of an ounce or less of pot through Initiative 502. The city will force medical-marijuana businesses that opened Jan. 1, 2013, or later to shut down by next July as part of a new licensing... more →
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Medical Cannabis Dispensaries Get First Violation Notice In Seattle

House Bill 5052, approved by state lawmakers, requires medical marijuana businesses to close if they opened after January 2013. These newer businesses must be issued notices of violation and close by July 2016. Before that deadline, Seattle’s Department of Planning and Development is cleaning up the industry by issuing violations... more →
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First Legal Marijuana-Growing Operation In Seattle Destroyed By Fire

      The early morning blaze at the Sea of Green Farms appeared to be accidental and was sparked by faulty wiring, the Seattle Fire Department said. Nobody was injured. “It was extensive,” owner Phillip Tobias said of the blaze. “It’s a total loss of everything.” Washington, along with... more →
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Legalized Medical Pot Can Be The Best Investment

In the past year, CrunchBase has recorded 29 venture investments in cannabis startups for a total of nearly $90 million in capital committed – and this is not including the reported $75 million Series B for Seattle-based Privateer, rumored to list Peter Thiel’s Founder’s Fund as an investor. Not surprisingly, venture capitalists... more →
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GrowLife Announced Revenues of $2.3 Million for Second Quarter

GrowLife, Inc. (PHOT), one of the largest cultivation service providers in the nation, reported results for the second quarter ending on June 30, 2014. The Company recognized revenues of $2.3 million for the quarter, and maintained a 22% gross margin for the second consecutive quarter in 2014. “GrowLife’s strong revenue growth... more →
Posted in: Investing