Legal Marijuana Is The Fastest-Growing Industry In The U.S.: Report

If the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry.

DISTRICT OF COLUMBIA:  Legal marijuana is the fastest-growing industry in the United States and if the trend toward legalization spreads to all 50 states, marijuana could become larger than the organic food industry, according to a new report obtained by The Huffington Post. Researchers from The ArcView Group, a cannabis industry investment and research firm Read the full article…

IRS Advice On Marijuana: Deduct It…But Prepare For 50% Tax

even legal medical marijuana businesses have big federal income tax problems: tax evasion if they don’t report, and a considerably smaller risk of criminal prosecution if they do.

DISTRICT OF COLUMBIA: Four states have legalized recreational marijuana, and 23 states plus the District of Columbia have legalized medical use. But federal law still classifies it as a controlled substance, regardless of how legal it is in the states. There’s a lot more than taxes at stake, since federal drug crimes and seizures are nothing Read the full article…

Committee On Drugs And The Law Present The Future of Marijuana Law in New York City Wed 1/28/15

Yet MPP is a bit more cautious in its outlook: the group believes 12 states could join Colorado, Washington, Oregon and Alaska in allowing recreational pot by 2017.

NEW YORK: On Wednesday, January 28, 2015, 6:30pm – 8:30pm, the Committee on Drugs and the Law and the New York City Affairs Committee will host an open discussion of the past, present and possible futures of cannabis law in New York City. Featured panelists include Stephen Levin, New York City Council, District 33; Jumaane D. Williams, New Read the full article…

Could This Recent Study On Casual Marijuana Use Crush Marijuana’s Momentum?

Furthermore, growing public acceptance of marijuana for its medical benefits and the tax revenue it can generate have led to 23 states approving marijuana for medical purposes and four legalizing it for recreational, adult use.

NEW YORK:  If you polled Americans a decade ago for their opinion on marijuana, there’s a good chance you would have received an overwhelming number of responses against the idea of legalization. In fact, Gallup polls suggest that just one-in-four respondents were in favor of legalizing marijuana 10 years ago. Marijuana’s perception evolution Nowadays things Read the full article…

The American Marijuana Industry Is Maturing

Full legalization is perhaps five to ten years away. But investors beware: when it comes, the price of weed may fall.

As Colorado celebrated a year of cannabis legalization, Founders Fund, a venture-capital firm with $2 billion in assets that backed Facebook, has announced an investment in Privateer Holdings, a marijuana outfit behind names such as Leafly and [Bob] Marley Natural. Four states and Washington, DC, have now legalized recreational weed. A further 21 allow medical Read the full article…

Costs Adding Up For Illinois Medical Marijuana Entrepreneurs

“Many believe this is a new-age gold rush. While some companies are doing well, there are just as many that are struggling to keep their doors open."

ILLINOIS: In the world of medical marijuana entrepreneurs in Illinois, there’s plenty of green behind the grass. Hundreds of would-be medical marijuana growers and sellers have put millions of dollars on the line hoping for coveted state permits that were supposed to issued by former Gov. Pat Quinn by the end of last year. To snag those Read the full article…

Q&A With WeedHire CEO David Bernstein

"Given the overwhelming national & industry media attention, the WeedHire name is now one of the most recognized brands within the marijuana jobs sector. Revenues enable us to further develop and grow WeedHire in parallel with legal marijuana industry growth," said Bernstein.

This week popular cannabis industry job board WeedHire.com released it’s Q4 2014 Jobs Report indicating the legalization of marijuana is creating new jobs and inspiring new economic activity. According to the report approximately 10,000 jobs in marijuana already exist in Colorado, and tousands more will be coming in the follow-on states of Washington, Oregon, & Alaska. While unemployment Read the full article…

WeedHire Releases 2014 Q4 Cannabis Jobs Report

According to U.S. Bureau of Labor Statistics, the city of Denver’s unemployment rate alone was 4.2% through November 2014, down from 6.5% a year ago.

NEW JERSEY: The marijuana job market saw unprecedented growth in 2014 with the evolution of recreational businesses in Colorado as well as the continued advancement of investment into business infrastructures for the medically legal states as well as the marketing of ancillary products and services. Consistent with other industries as they evolve, legal marijuana is seeing Read the full article…

Surna Acquires Majority Interest in Agrisoft Development Group

Tom Bollich, CEO of Surna

COLORADO: Surna has signed a definitive agreement to acquire a controlling interest in Agrisoft Development Group, a privately-held company that is one of the leading software developers of seed-to-sale tracking systems for state regulated cannabis cultivation and distribution companies. The deal will provide Surna with additional technology and capabilities to complement its current technology portfolio. Read the full article…

MJ Research Report: Washington State 2015 Legal Pot Sales Outlook: $350M To $495M

Utilizing the 25 weeks of sales data we have from 2014, Analytically Correct has modeled Washington State’s legal recreational cannabis sales for 2015.

By Joe Armes Washington: 2014 was a groundbreaking year for legal recreational cannabis in Washington State.  The year was about setting the groundwork for the future with opening of the first recreational cannabis businesses and establishing a steady supply for the market. While the Washington State Liquor Control Board (LCB) won’t have the complete December Read the full article…