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Nick Kovacevich Interviewed on Critical Mass Radio Show

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Kush Bottles CEO, Nick Kovacevich, talks with Critical Mass Radio host, Ric Franzi, about his entrepreneurial journey, the growth and legitimization of the cannabis industry, taking the company public, and helping other cannabis related business ideas come to life. More information about Ric Franzi and the radio show can be found on the Critical Mass Radio Show website.

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Cannabis Legislation: an Overview of the Political Climate of the Cannabis Industry

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Cannabis legislation is a popular topic these days.  During the last few months, several notable items have been highlighted in the news. I’m sure we’re all aware of the activity surrounding the upcoming November elections.  Numerous states expect to have pro-cannabis initiatives on the ballot for voters to approve in November.  Polling support for these initiatives is positive across the board, according to statistics from the Marijuana Policy Project.  The three most notable states likely to have recreational cannabis ballot initiatives in November are California, Nevada, and Massachusetts.  Estimates say legal cannabis in these states could have an annual market potential of $10B, $4B, and $7B respectively.  The market for legal cannabis as a whole last year was only $5.7B according to ArcView and New Frontier market research.  A positive outcome in November would suggest up to a 300% growth in the cannabis industry in upcoming years.  Another notable state...
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Industry Update: All Signs Point to Positives

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It seems like every day we hear about some progression, partnership, investment deal, opportunity, etc. that shows the cannabis industry is continuing to move in the right direction.  It seems like more and more players are entering the space; more investment firms are putting dollars into the space, and therefore more opportunities are being executed upon within the cannabis space.  For me, all these signs point to positives.  First movers, like Kush Bottles, seem to be the ones who will benefit most from all these positives. Amongst all the chatter and news, the most notable events are those that predict trends.  One important trend to identify is the appetite for traditional industry to invest and/or participate in the cannabis industry.  This was evidenced clearly in recent weeks when software giant Microsoft announced a partnership with KIND Financial.   Although Microsoft is not directly participating in the industry, the fact that they...
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Industry Update: The DEA May Reclassify Marijuana

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The Drug Enforcement Administration (DEA) recently said it hopes to decide whether to change the federal status of marijuana “in the first half of 2016.” Marijuana is currently listed under the Controlled Substances Act as a Schedule 1 drug, meaning that for the purposes of federal law, the drug has “no medical use and a high potential for abuse.” Marijuana shares Schedule 1 status with heroin, and it is more strictly regulated than the powerful prescription painkillers or even cocaine. This schedule, which was adopted in 1970, is now considered by most experts to be inaccurate and inappropriate. Moreover, marijuana’s classification under the Controlled Substances Act has become increasingly out of step with scientific research, public opinion, medical use, and state law. Citing marijuana’s potentially significant therapeutic potential for a number of serious ailments, including chronic pain and epilepsy, organizations such as the American Medical Association and the American Academy of…

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