U.S. estimates by investment bank Cowen and Company suggest cannabis sales will increase at a compound annual growth rate of 23% over the next decade to US$50 billion. In Canada, it’s estimated that 5.2 million Canadians will consume legalized pot annually by 2021.
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As Cannabis Science Inc (OTCMKTS:CBIS) goes forward into 2017 with its stock, the company recently announced about its new drug facility in Nevada.
MassRoots Inc(OTCMKTS:MSRT) describes itself as one of the largest technology platforms for the regulated cannabis industry. MSRT is at the right place at the right time as the pot sector has been seeing huge growth in recent months as medical MJ products in the U.S. alone are projected to generate up to $35 Billion by 2020.
Arkansans hoping to grow medical marijuana will have to pay an annual $100,000 fee to operate a cultivation facility, the Arkansas Medical Marijuana Commission decided Tuesday.
The number of dispensaries in the state also has increased, from the original six to eight, with a ninth, which has met neighborhood resistance, planned in Milford. Much of the growth has come because “the doctors are looking at medical marijuana as a legit treatment option,” Pharmacist Nicholas Tamborrino said.
Most myths have at least a little bit of truth interspersed with a lot that is false. That’s the case with these three myths about marijuana stocks that some might mistakenly believe.
Weed deliveries have been in high demand throughout the holidays. On Dec. 23, pot deliveries jumped by 23% from the average on Fridays throughout the year, and they bumped up by 6% on Christmas Eve.
Corporate cannabis lawyer Neil Kaufman talks about the challenges and prospects for CPAs who get involved in New York’s medical marijuana industry in its early stages.
MassRoots Inc is a penny play in the cannabis space on the technology side that has been performing extremely well of late on several key catalysts.
Two U.S. congressmen have established a bipartisan Cannabis Caucus, set to meet next year, according to KIVI-TV’s website. U.S. Rep. Dana Rohrabacher, R-Calif., and U.S. Rep. Earl Blumenauer, D-Ore., founded the caucus in hopes of reforming federal marijuana laws. Rohrabacher said he wants to make states’ rights central to his efforts.
According to a report by the equity research firm Cowen & Co., marijuana will generate $50 billion in revenue by 2026. That’s roughly eight times the estimated revenue this year. GW Pharmaceuticals and Insys Therapeutics are two big companies with an even bigger future.
LEAF, a smart, self-contained, single-purpose grow-chamber that enables anyone to grow cannabis (or food and herbs) in their own home.
North American Cannabis Holdings, Inc. (USMJ) today issued a statement advising shareholders of an event-filled December.
CNBC’s Kate Rogers reports on where the jobs are in the marijuana industry as the substance becomes legal in more places.
Nevada gaming regulators this week reiterated their stance on cannabis and casinos: licensees must avoid it like the plague.
With legal marijuana sales underway in Alaska, growers will soon be submitting their first tax payments to the state.
To help you get started, this guide will provide the basics on how to open a bank account for your cannabis business.
These federal hurdles for legal marijuana are being addressed by proposals in Congress.
Former Overstock president, Stormy Simon to be the keynote speaker at “The World of Cannabis.”
Like all companies that sell marijuana products, Washington state-based Interra Oils must comply with a myriad number of packaging and labeling rules before it can make a sale.
Washington, D.C.-based startup New Frontier Data has almost completed a $5 million funding round to expand its work doing data and analytics for the legal marijuana industry.
In Arizona, marijuana advocates expect legalization to decrease smuggling and damage drug cartels, according to CBSNews.com. Arizonans will vote in November 2016 on Proposition 205, which could legalize recreational marijuana, which supporters say will expose drug cartels to business competition.
In Maine, medical marijuana advocates are divided on legalization of recreational pot, according to an Oct. 11, 2016, article in the Bangor Daily News. Residents will vote in November 2016 on Question 1, the ballot question which could legalize recreational pot. The state already has allowed medical marijuana.
In this highlight clip, founder of Massroots Isaac Dietrich, discusses the digital advertising landscape of cannabis and how his company can grow and become bigger than competitors like Leafly and Weedmaps.
Temple University will offer a Marijuana 101 course next year, according to Philadelphia Magazine. The course was created by Linn Washington, a professor in the the Temple School of Media and Communication, and Chris Goldstein, a writer and marijuana activist. It is designed to cover all the basics of marijuana, including history, agriculture and pop culture.
The late reggae superstar Bob Marley liked to say that “herb is the healing of the nation”. Now his youngest son, Damian Marley, is putting that claim to the test with a marijuana venture that promises to transform a decaying California prison into a huge medical marijuana manufacturing plant.
Arkansas’ governor and lieutenant governor say legalizing medical marijuana would hurt the state’s efforts to attract businesses, targeting two proposals on the November ballot they say would prevent companies from being able to enforce drug-free workplaces.
Conferences for entrepreneurs eager to break into the cannabis industry have popped up with astonishing frequency in Philadelphia since April, when Gov. Wolf signed the bill legalizing medical marijuana in the state.
Scotts Miracle-Gro built a multi-billion dollar business by being a market leader across several categories of the lawn-and-garden industry. The problem? Those categories weren’t growing all that fast.
Brendan Hill, drummer for Blues Traveler, has created a unique way to sell recreational marijuana in Bainbridge Island, Wash., according to an Aug. 24, 2016, article at Forbes.com. A little more than a year ago, Hill opened Paper & Leaf, tagged as “Bainbridge Island’s first and ONLY premier recreational cannabis boutique.”
Aphria Inc., a Canadian producer, supplier, and seller of medical cannabis, has entered into an agreement with DiNiro Farms Inc. to buy 11 acres adjacent to its facilities in Leamington, Ontario, according to a press release. The 11 acres, which include 345,000 square feet of greenhouse space, will be purchased for $2.1 million in cash.
Ohio attorneys cannot use medical marijuana or help businesses that offer medicinal cannabis, according to an Aug. 11, 2016, opinion from the state’s Board of Professional Conduct. Medical marijuana is still prohibited by federal law.
A break-in captured on video at a Seattle marijuana shop is just the latest in an increasing string of violent robberies, prompting renewed calls for Congress to authorize banks to do business with legal pot retailers, growers, and processors.
Despite city regulations allowing up to 36 dispensaries, San Diego has only eight after two years of legalized medical marijuana, according to an Aug. 9, 2016, article in the San Diego Union-Tribune. City regulations allow four medical marijuana dispensaries in each of San Diego’s nine city council districts. Six more were approved “months ago.”
Legislators and business leaders in Texas are making the case for decriminalizing marijuana in their state, according to a July 18, 2016, article in the Austin American-Statesman. They are trying to address a common problem. Minor, nonviolent drug offenses often prevent people from getting jobs due to their criminal record.
Colorado’s fledgling marijuana industry — which, in the grand scheme of things, is just a tiny sliver of the economic pie chart — is backfilling retail sales losses.
An effective executive summary gives a brief, high-level overview of your business, the financing that you are seeking, and it should pique the interest of decision makers.
Several former law enforcement officers want to enter Maryland’s fledgling medical-marijuana industry, according to a June 25, 2016, article in the Washington Post. Maryland will begin issuing licenses to medical-marijuana businesses this summer. The state passed a law allowing medical marijuana in 2014.
Nevada attorneys could be subject to misconduct charges if they invest in medical marijuana. Medical marijuana is still not accepted under federal law. Michael Sommermeyer, spokesman for the Nevada Supreme Court, said, “Marijuana is still considered an illegal substance under the feds, and federal law trumps state law.”
A legal marijuana industry could contribute billions of dollars in annual tax revenues to state and federal governments, according to the Tax Foundation. “If all states legalized and taxed marijuana, states could collectively expect to raise between $5 billion and $18 billion per year,” the report said.
Walgreens, the drug store chain, has acknowledged the medicinal benefits of marijuana on its health and wellness blog. The post, written by Walgreens Resident Pharmacist Dahlia Sultan, answers several questions about what medical marijuana is, how it works, why it is debated, and what common uses it has.
On April 25, 2016, the Denver City Council voted 7-5 to approve a measure that would place a cap on marijuana licenses.
Business owners were hit with a surprise in 2015 when Lloyd’s of London—one of the largest insurers in the cannabis industry—announced it was backing away from the business. It cited regulatory uncertainty and the high risk nature of the business.
Heightened competition in the market for legal recreational weed is pushing prices down and firing up border wars across state lines.
Cannabis business owners must quickly become accustomed to living in a world where nearly every aspect of their operation is meticulously regulated.
PORTLAND, Oreg., March 4, 2016/ Weed Wire/ — The OLCC is sponsoring a Business Advisory Committee that includes members of the recreational marijuana industry and business services that support the industry.
ANCHORAGE, Feb. 25, 2016 /Weed Wire/ — Yesterday, the Alcohol and Marijuana Control Office (AMCO) opened the state’s online application for marijuana establishment licenses. The launch of the online application system is a major milestone in the state’s schedule for implementing and regulating marijuana establishments as passed by citizen’s initiative in November 2014.
Want to know the most important factor for being a respected professional in today’s legal cannabis industry? Reputation.
Managing the costs of growing cannabis is a particular challenge for growers. One of the largest fixed costs is electricity. Since the cost of electricity is unlikely to go down, growers need to look for new and disruptive ways to manage their use of it.
Sales and use tax compliance represents a substantial risk to cannabis enterprises seeking to prosper in California.