Cashing In On Cannabis: CannaCon’s Banking Panel

CannaCon Banking Panel is this Friday!

By Sahar Ayinehsazian Since Washington state legalized recreational marijuana in 2014, recreational cannabis sales have totaled over $1 billion, translating to more than $250 million collected in new taxes. Such substantial sales, however, have also brought problems for licensees in the form of cash. Because of marijuana’s federal status as a Schedule I substance, financial institutions continue to Read the full article…

Legal Cannabis Market Projected to Grow as Consumers Spend More

Marijuana is big business

NEW YORK: Legal cannabis sales in the North American market are expected to grow rapidly as consumers spend more every year on legal cannabis. According to a new report from Arcview Market Research, people in America and Canada spent $56.4 billion on cannabis in 2016, while about $6.9 billion came from the legal recreational and medical cannabis market, a 34 percent up Read the full article…

Colorado Government Reports $1.3 Billion In Marijuana Sales Generated Nearly $200 Million In Tax Revenue in 2016

The legal cannabis market is big, and getting bigger

COLORADO: The Marijuana Policy Project issued the following statement in response to the Colorado Department of Revenue’s announcement that $1.3 billion in regulated marijuana sales took place in calendar year 2016, generating nearly $200 million in state tax revenue. These figures do not include millions of dollars in revenue generated by local taxes on marijuana. Read the full article…

Medical Marijuana Workers Fight For Labor Rights At Ontario Agriculture Tribunal

Medical Marijuana workers fight for rights

CANADA: The struggle to win union rights for medical cannabis workers in Canada has entered a new chapter, with the commencement of hearings at Ontario’s Agriculture, Food, and Rural Affairs Appeal Tribunal (AFRAA Tribunal) for workers at MedReleaf in Markham, Ontario. The Markham-based MedReleaf operates an industrial facility with approximately 50 employees who grow, trim, harvest, Read the full article…

New Report from Eaze Shows Record Legal Marijuana Use in California

“These data points all point to the same thing: the normalization and mainstream acceptance of marijuana use”

CALIFORNIA: Following decades of stigmatization and prohibition, a new data report titled, Eaze Insights: State of Cannabis 2016, reveals that Californians are increasingly comfortable with marijuana use and are embracing its benefits. The new report released today by Eaze, the fastest growing marijuana technology company, draws insights from the user behavior of more than 250,000 patients across Read the full article…

Legal Cannabis Market Gains Popularity

Legal cannabis hit $6.4B in 2017

NEW YORK:  The cannabis market is growing rapidly in North American. According to a report from Market Research Future, the North American market size of cannabis is expected to expand at a CAGR over 33% over the period of 2016 to 2021. The report indicates that the U.S., Canada and Mexico are the major markets for cannabis, while the Read the full article…

Four Things You Can Do To Help Legalize Home Growing In Washington

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By Bailey Hirschburg, Legislative Associate, Washington NORML PAC House Bill 1212, in the Washington state house, would legalize personal cultivation of up to six marijuana plants, keep as much as 24 harvested ounces in the home. It defelonizes sharing or gifting of marijuana up to one ounce, and allows patients/adults to have their harvested marijuana tested Read the full article…

The Wink In Weed: Woodstock Nation Goes to Pot

Pot Culture is Pop Culture

By David Rheins It’s early for a Saturday in Seattle, but I’m German and so I am the first to arrive. Entering the swanky lobby of the downtown boutique hotel, the vibe is New York City chic, appropriate enough for my introduction to New Yorker Michael Lang – the once and still cherubic face behind Read the full article…

Energy Gluttony of Cannabis Industry Reaches Breaking Point

marijuana grow lights

NEW YORK: A study by the Lawrence Berkeley National Laboratory revealed that legal indoor marijuana-growing operations are highly energy intensive, and are responsible for an alarming percentage of the nation’s total energy use. In California, the top-producing state, indoor cultivation uses about 3% of all electricity use. A single cannabis cigarette represents 1.5 kg (3 pounds) of CO2 emissions, Read the full article…

“Not For Kids” Warning Label: What It Means For Your Cannabis Business

The “Not for Kids” warning symbol will be required to be placed on all packages of marijuana products meant to be eaten or swallowed effective February 14, 2017. The Board recognizes that changing packaging requires time which is why the effective date has been pushed out to mid-February, enforcement of the new requirement will commence at the same time.

By Jason Lammers Effective Feb 14th, 2017 the new Not for Kids warning symbol will be required on all cannabis edibles. Here’s what it means for your cannabis business. The LCB is defining marijuana edibles as “marijuana infused products meant to be eaten or swallowed” Warning symbol must be a minimum size of ¾” tall Read the full article…