Retail sales for legal marijuana are growing so big and so fast that the industry has to supersize their operations. Growing and producing marijuana products is now happening on an industrial scale.
Retail sales in the U.S. from 20 jurisdictions were $6.5 billion, but according to Greenwave Advisors, that number is projected to grow to $30 billion by 2021. In order to meet the demand for customers,... READ MORE
Those that have been closely following the journey of medical marijuana in the public spotlight will know that, while it was once looked at with distrust and skepticism, it’s now widely regarded as a legitimate medical treatment that should be available whenever possible. The principle compound in cannabis responsible for wellness benefits, known as cannabidiol, is gaining traction in the U.S. pharmaceutical and medical industries as an effective, inexpensive, and non-psychoactive form of... READ MORE
Another 4/20 is upon us. All across the country today, cannabis enthusiasts and weed connoisseurs are lighting up, burning down, sparking their pens and vapes, and munching on all manner of delicious edibles in celebration of our national stoner holiday that dates back to the 1970s. The difference this year is that, in more than half the country (26 states and the District of Columbia) where cannabis has been legalized in some form, more and more people can do it legally.
The legal weed... READ MORE
Waxes, oils and shatter. Oh my!
The cannabis industry is in the midst of an unprecedented renaissance. Strains are stronger, consumption methods more numerous and availability greater than ever before. Medical-grade marijuana now averages around 20 percent THC — a threefold increase from the “hippie weed” your parents toked back in the ’60s. Smoking has... READ MORE
4/20: A Time for Celebration and Reflection
Tomorrow the marijuana world will be celebrating a holiday that’s been around for decades, but has only recently become mainstream acceptable since the advent of legalization. Now that eight states and counting have ended marijuana prohibition, 4/20 is a day celebrated with even more pride. We asked several cannabis business... READ MORE
2016 will go down as an inflection point in the history of legal cannabis according to CEOs in the industry. More than a dozen states legalized recreational or medical marijuana in the last twelve months and public opinion in support of legal cannabis has never been stronger. Sales of this federally illegal substance are already in the billions – with profits all accruing to small businesses. Here, entrepreneurs in the industry reflect on the biggest changes they’ve seen since the last... READ MORE
GREELEY, Colo. – Marijuana’s uncertain legal status across the country has unleashed a network of innovators and entrepreneurs into a space that would ordinarily be filled with name-brand manufacturers, pharmaceutical companies and federally funded research universities.
These small “cannabusinesses” are rushing to fill niches and make money in a field where the drug’s illegal status at the federal level has made many start-up basics — from getting a new machine to accessing... READ MORE
Being a C-Suite executive in any industry is bound to come with a set of challenges. Unlike traditional sectors, however, the cannabis space is one with a wide mix of regulations, personalities, cultural taboos and odd businesses. Given that cannabis remains federally illegal, industry professionals often have to develop innovative ways of running their businesses to ensure that profitability, ethicality and sustainability are prioritized. As a result, many of the industry’s occupants find themselves... READ MORE
Marijuana, like alcohol, can be regulated, taxed and used in moderation by adults who choose it, like a glass of wine with dinner. The burgeoning legal cannabis industry wants Donald Trump to know five critical benefits to marijuana legalization.
- Law and Order: Legalizing marijuana reduces the criminal activity of drug cartels and gangs, and reduces court, prison and police spending.
- Public Health: Marijuana is safer in states where... READ MORE
Spicer foresees ‘greater enforcement’ of federal marijuana restrictions
At the White House briefing, Feb. 23, press secretary Sean Spicer responded to questions about the Trump administration’s stance on enforcement of federal marijuana restrictions. (Reuters)
White House press secretary Sean Spicer said Thursday that he expects states to be subject to “greater enforcement” of federal laws against marijuana use, a move that could undercut the growing number... READ MORE