Estimated $10 Billion Marijuana Sales In 2015 Far Too Low

The legalized marijuana business is likely to hit $10 billion in 2015 alone.

DISTRICT OF COLUMBIA:  When new business segments start to reach $1 billion in annual sales, they often get noticed by new business and venture seekers. But when new business segments reach $10 billion in annual sales, let’s just say that venture backers, speculators and business owners want to get a piece of the next big Read the full article…

Did GW Pharmaceuticals (GWPH) Just Destroy The CBD-Product Industry?

The Food and Drug Administration (FDA) announced that products which contain cannabidiol (CBD) cannot be sold as dietary supplements.

DISTRICT OF COLUMBIA:  The Food and Drug Administration (FDA) announced that products which contain cannabidiol (CBD) cannot be sold as dietary supplements. The agency, however, left open the possibility that would it consider contrary evidence. The FDA’s website provides questions and answers pertaining its policies on marijuana. The way the questions were written provides avenues Read the full article…

Cannabis Munchies On Display At Marijuana Trade Show In Chicago

The exhibit halls of the Chicago Hilton and Towers were packed with vendors offering a glimpse of the world as it’s about to become in Illinois.

ILLINOIS:  Cannabis lemonade. Cannabis honey. Even cannabis krispie treats — bottled, packaged and labeled like any other products. A few years ago, they could have landed you in prison.  But in Illinois, they’re about to become big business. “When we first started in Colorado, there was no blueprint for this business,” said consultant Greg Gamet, Read the full article…

Marijuana: Coming To A St. Helens Storefront Near You?

Medical and retail marijuana outlets could begin appearing in St. Helens’ commercial areas within months.

OREGON:  It’s far from official yet, but medical and retail marijuana outlets could begin appearing in St. Helens’ commercial areas within months. The St. Helens City Council held a public hearing Wednesday evening, May 20, on proposed amendments to the city’s community development code dealing with the placement of potential marijuana stores and medical dispensaries. Read the full article…

Washington Marijuana Compliance Checks: 4 Of 22 Recreational Marijuana Stores Sell To Minors

Sales to minors are considered the most serious violations because they present a threat to public safety. Businesses cited for Sale to a Minor face a 10-day suspension or $2,500 fine. Businesses who receive three public safety violations within three years face license cancellation.

WASHINGTON: Four Western Washington recreational retail marijuana businesses recently failed compliance checks conducted by the Washington State Liquor Control Board (WSLCB). Officers, working with underage investigative aides, checked 22 businesses for sales of marijuana to minors. The first checks represent an 82 percent no-sales-to-minors compliance rate. The four businesses will be cited for selling marijuana to Read the full article…

Legal Weed Dealers Facing Bank And IRS Nightmare

Washington state raked in more than $70 million in taxes during its first year of legal and regulated marijuana sales.

COLORADO:  If you think the IRS is merciless, be glad you aren’t a marijuana dealer — the legal kind. Their problems make others look like minor mosquito bites. Colorado legalized marijuana for recreational use in 2014, but it is still a controlled substance under federal law. That means the Feds could swoop in and arrest Read the full article…

Lawsuit: Denver Man Monopolizing Illinois Marijuana Biz

A new lawsuit has been filed involving medical marijuana, claiming a Denver businessman schemed to monopolize the new industry in Illinois.

ILLINOIS:  A new lawsuit has been filed involving medical marijuana, this one claiming a Denver businessman and unsuccessful city council candidate schemed to monopolize the new industry in Illinois. Medponics Illinois filed the lawsuit Monday in Lake County. It claims Kayvan Khalatbari and his Denver companies have controlling interests in more than three Illinois cultivation centers. If true, that Read the full article…

Pot Panel Approves New Restrictions For Oregon Medical Marijuana

An Oregon Senate special committee unanimously passed legislation on Monday imposing a variety of new restrictions on medical marijuana.

OREGON:  An Oregon Senate special committee unanimously passed legislation on Monday imposing a variety of new restrictions on medical marijuana, a week after a joint committee overseeing the state’s marijuana rules stalled on a similar measure.The Senate Special Committee on Implementing Measure 91 passed a proposal tightening regulations on the medical marijuana industry, such as Read the full article…

Legal Marijuana Cultivation Is Driving A Technology ‘Revolution’ In Industrial Agriculture

Dank Denver

CANADA: Deep within a cedar forest in British Columbia, Dan Sutton is building what he hopes will be the most energy-efficient, high-technology greenhouse for growing cannabis. Spurred by the booming market for medical marijuana, he and a group of biologists and engineers have experimented for almost three years with digital sensors, lighting arrays, software programs and Read the full article…

Get high Every Morning With Marijuana K-cups

The pods are becoming big sellers — probably because of their undeniable convenience — and now reportedly account for 60 percent of Uncle Ike's coffee sales.

WASHINGTON: As more and more states legalize marijuana for recreational use, edibles and infusions are becoming a massive marketplace.  Yahoo Finance now reports that coffee businesses are now infusing cannabis in their brews, ready to be bought in K-cups and coffee pods. Uncle Ike’s Pot Shop of Seattle sells pods of “premium infused” coffee, containing 10mg of THC, for $10 Read the full article…