Cannabis Sales Projected To Increase as California Paves the way for Recreational use

MJ and CBD sales point up in 2018

CALIFORNIA: The global legal cannabis market was valued at $14.3 billion in 2016 and is forecast to grow at a CAGR of 21.1% between 2017 to 2024 or culminating to $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of strong growth thanks to increasing legalization and decriminalization of cannabis Read the full article…

Eaze Data Report: Major Increase In Legal Marijuana Sales in California

The number of Baby Boomers ordering marijuana increased by 19 percent annually, the highest of any generation. Vaporizers and edibles are most popular among Millennials, while tinctures are most popular among Baby Boomers.

CALIFORNIA: -Eaze, a leading marijuana technology company, has released its Eaze Insights: 2017 State of Cannabis data report, a comprehensive overview of consumer trends driving the marijuana industry year over year. The report, which draws insights from the user behavior of more than 350,000 Eaze consumers and 15,000 survey respondents across the state of California, reveals that 2017 was a Read the full article…

HempMeds Wins Product Registration Hearing In Puerto Rico, Begins Selling First-Ever Approved Nutraceutical Product

HempMeds wins approval to sell RSHO in PR

CALIFORNIA: Medical Marijuana, Inc., the first publicly traded cannabis company in the United States, has announced that its subsidiary HempMeds had its product registrations affirmed in Puerto Rico, enabling the company to continue selling its CBD hemp oil products freely throughout the U.S. territory. This major milestone marks another historic first for RSHO as the first and only legally registered cannabis Read the full article…

Kush Bottles Announces Senior Leadership Changes

Shakeup at Kush Bottles

Ben Wu steps down as Chief Operating Officer; CFO Jim McCormick adds COO to role CALIFORNIA: Kush Bottles, a leading provider of packaging, supplies, vaporizers, accessories and branding solutions for the regulated cannabis industry, announced today that Ben Wu, who has served as Chief Operating Officer since 2014, will step down effective today, January 12th, 2018.  Mr. Wu will continue to support the Company as an Read the full article…

California Ushers In Legal Cannabis With New Self-Service Automation

Grasshopper Kiosks

CALIFORNIA: Grasshopper Kiosks, the developers of the nation’s leading fully compliant self-service systems for the storage and dispensing of cannabis products, have installed a unit in Berkeley Patients Group (BPG), the nation’s longest continuously operating marijuana dispensary. The Grasshopper automated self-service sales system streamlines transaction times, tracks inventory and payments, and collects real-time data about sales Read the full article…

City Of West Hollywood Provides Green Light for Adult-Use Retail Cannabis

City of West Hollywood Logo (PRNewsFoto/The City of West Hollywood)

CALIFORNIA: The City of West Hollywood has become one of the first cities in the state to permit Adult-Use Retail cannabis sales. The City of West Hollywood has issued Temporary Use Permits (TUPs) to four existing Medical-Use Dispensaries, which authorize Adult-Use Retail sales at their current locations on a temporary basis beginning on Tuesday, January 2, 2018. These Read the full article…

Berkeley Mayor Celebrates The First Day Of Adult Use Cannabis Sales At Nation’s Longest Running Dispensary

Left to right: Roger La Chance, Director of Operations, Berkeley Patients Group (BPG), Nancy Skinner, CA State Senator, Sean Luse, COO (BPG), Jesse Arreguin, Berkeley Mayor, Tim Schick, CEO (BPG), Sabrina Fendrick, Director of Government Affairs (BPG) (Photo: Business Wire)

CALIFORNIA: Berkeley Patients Group (BPG), the nation’s oldest, continuously operating dispensary in the country, as well as the first dispensary in the Bay Area – and fifth in the state – to receive a temporary retail permit from the California Bureau of Cannabis Control, will once again make history as it opens its doors to the Read the full article…

Latest Arcview/BDS Data: Cannabis Consumer Spending Outpaces Industry Estimates

Jenny Carbon, Always Greener Redmond, WA

NEW YORK: Arcview Market Research reports that consumer spending on legal cannabis in North America is outpacing previous estimates. The report indicates that retail cannabis sales will grow 33% from 2016 to nearly $10 billion this year. By 2021 the legal market is expected to reach $24.5 billion, at a 28% compound annual growth rate (CAGR). Arcview also reported that according Read the full article…

greenRush.com Closes $3.6 Million Series A Funding Round

MJ and CBD sales point up in 2018

CALIFORNIA:  greenRush.com, the largest online marketplace for legally purchasing cannabis, today announced the $3.6 million closing of its Series A Funding Round. The Round will fuel the expansion of the company’s current recreational and medical marijuana services in California, Nevada, Massachusetts, Maryland, New York, Pennsylvania, and Illinois. The company’s latest group of investors include James Weil, President Read the full article…

Casa Verde Capital Leads Investment In Cannabis Testing Lab Cannalysis

Cannalysis gets funding from Casa Verde Capital

Snoop Dogg Venture Firm Helps Analytical Cannabis Laboratory Expand Its Nationwide Footprint CALIFORNIA: Cannalysis, a cannabis testing laboratory, announced today a seed investment led by Casa Verde Capital. As the premier cannabis testing lab in the market, Cannalysis harnesses technology to provide best-in-class service to some of the largest cultivators and brands in California. With California’s Read the full article…