MJ Freeway Reports Cannabis Retail Sales For April 20 “4/20″ Holiday Exceeded $45M

4/20 pot sales hit new high

COLORADO: MJ Freeway, a leading provider of seed-to-sale traceability solutions for the cannabis industry, reports that retail sales for the largest marijuana holiday exceeded $45 million, a 20% increase compared to the 2016 holiday. Prior to the holiday, MJ Freeway predicted a 20% increase in retail cannabis sales and a 10% increase in customer traffic. MJ Freeway’s Read the full article…

Revenue Growth In The Legal Cannabis Market

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

NEW YORK: A research published by Arcview Market Research indicates that people in North America spent $53.3 billion on legal, medical, and illicit cannabis in 2016. The North American legal cannabis market posted $6.7 billion in revenue in 2016, or up 30% from the year before. The illicit market generated 87% of total pot sales, down from 90% in 2015. The Read the full article…

Marijuana Industry Entrepreneurs Enjoy Hottest Career Opportunities

Marijuana is safer than unemployment

By John Levy The marijuana market is among the fastest growing of all time. It is also becoming more socially acceptable, and as such, many young people are opting for a career in the cannabis industry. According to Forbes, the pot sector will create more employment than manufacturing by 2020. There are many job opportunities Read the full article…

Cannabis Software And Consulting Leader MJ Freeway Closes $3 Million In Series B Extension Investment

MJ Freeway and Cannabase strike integration deal

COLORADO: MJ Freeway, a leading provider of business management solutions and consulting services for the cannabis industry, has announced $3 million in Series B extension financing raised from existing investors. MJ Freeway received new investments from existing investors Roger McNamee and Tao Capital Partners. With the unprecedented growth of the cannabis market, the company will use this funding to invest in Read the full article…

Overview Of The Marijuana-infused Food Regulations

Edibles are changing the marijuana marketplace

By Ian Lebowski Colorado State was the first to be declared cannabis-friendly after legalizing medical marijuana in 2000. During that time, only a few regulations governed distribution and use of the drug. However, certain concerns have led to new rules and guidelines for cultivation, distribution, acquisition and use of marijuana, either for medical or recreational purposes. Read the full article…

Oregon Retail Licensees Required To STOP Collecting, Retaining Consumer Info

OLCC protects privacy of retail transactions.

Collection of Customer Data Ends; Previously Collected Information Must Be Destroyed OREGON: Oregon Governor Kate Brown signed Senate Bill 863 into law on April 17, 2017. SB 863 prohibits marijuana retailers from recording, retaining or transferring information contained on a passport, driver’s license, military identification card or other identification card. What are marijuana retailers required to do? Beginning Read the full article…

The Legal Cannabis Market Expected to Witness Wider Adoption

Marijuana is big business

NEW YORK: According to a research report by Market Research Future, the Cannabis market in North America was valued at over USD 3.5 billion for the full year of 2015. Of that, the United States being the largest market in the region, was valued over USD 3 billion on its own. Marketing activities for cannabis products have been challenged by consumer perception and Read the full article…

Colorado Set To Prohibit Marijuana Co-Op Growing Operations

police groups and Hickenlooper, a Democrat, have called on lawmakers to curb the practice of assisting other recreational pot users.

By Kristen Wyatt, Associated Press COLORADO: Colorado was set Monday to outlaw marijuana growing co-ops soon after the state Senate unanimously approved a bill making it a crime for people to cultivate recreational pot for other people. The bill supported by the office of Gov. John Hickenlooper passed 35-0 but it was unclear when he would sign it. There Read the full article…

OLCC Announces Spring 2017 Recreational Marijuana Workshops

https://www.eventbrite.com/o/oregon-liquor-control-commission-9535657604

OREGON: The Oregon Liquor Control Commission (OLCC), along with the Oregon Department of Agriculture, the Oregon Department of Revenue, and Franwell Metrc – the provider of Oregon’s Cannabis Tracking System (CTS), will hold Recreational Marijuana Program licensee workshops around the state in May, 2017. The workshops will be held in Eugene at Lane Community College Read the full article…

CEO Leah Heise Resigns From Women Grow

Leah Heise is out as CEO Women's Grow

NEW JERSEY: Women Grow, the cannabis industry’s largest professional networking organization, announces leadership changes. Leah Heise, Chief Executive Officer and Maryland regulatory compliance attorney has stepped down effective immediately. Heise is the recipient of a Maryland Dispensary pre-approval and will depart from her role as CEO to focus on the requirements to open her family-owned Read the full article…