Cannabis Industry Grows, So Does Access to Banking Services

29 states plus the District of Columbia have legalized cannabis for medical and/or recreational use, but financial institutions are still bound by federal law, making working with cannabis companies a legal risk…

Boom Time: Four Cannabis Companies Among Elite Inc. 500 List

Inc. magazine has named four cannabis companies in its annual list of the 500 fastest-growing private companies in the country. The rankings include companies in mainstream industries and are a subset of the Inc. 5000 list…

Nevada Looks to Expand Legal Cannabis Market

This November, voters in Nevada will consider whether or not to approve the sale of recreational marijuana. The state already has a medical cannabis program, which includes eight specific conditions that qualify patients for a medical marijuana card…

Cannabis Sales Hit New $117M High in Colorado

Colorado medical and recreational cannabis sales reached a new high in April, totaling $117.4 million worth of flower, edibles and concentrates. This is the highest monthly total since recreational sales began in 2014…

Mary’s Medicinals Awarded Patent for Cannabis Transdermal Technology

In a rare move, the Patent and Trademark Office granted Colorado-based Mary’s Medicinals a patent for its Transdermal Pen, a cannabis infused gel that provides a controlled release of medication, accurate dosing and discrete application…

Getting High at Mile High: O.PenVape Seeks Naming Rights for Denver Bronco’s Home Stadium

O.penVape announced May 19th that they have “submitted a proposal to partner with the Metropolitan Football Stadium District, home of the Denver Broncos, to sponsor Denver’s landmark stadium.”…

Oregon City Councilor Opens Cannabis Shop

Clay Bearnson, a member of the Medford City Council, is the first councilor in Oregon to own a dispensary. Medford, Oregon, known for its tough stance on legalized marijuana, now has three medical marijuana dispensaries…

Colorado Bill Creates New “Marijuana Transporter” License

On Monday, Colorado lawmakers approved a bill for a new kind of marijuana license for weed couriers. Colorado now has a dozen marijuana companies that transport marijuana from manufacturing and grow locations to dispensaries…

Whoopi & Maya Take on Menstrual Pain w/ Cannabis

Whoopi Goldberg and Maya Elisabeth, founder of Om Edibles in San Francisco, have started a new medical marijuana business aimed at relieving menstrual cramps. The company, named Whoopi & Maya, will begin selling topicals and edibles in California this month…

Hemp Growers Boost Growing Industry

Hemp farmers in Colorado are looking to become the first to certify seed for industrial crops. The certification, which will be issued by the Colorado Seed Growers Association, will verify genetics, THC content and cultivation techniques…

Colorado Marijuana Taxes Generate Nearly $1 Billion

2015 was a big year for Colorado medical and recreational marijuana sales. According to the state Department of Revenue, $996,184,788 worth of marijuana was sold in the state last year. That’s a huge uptick from 2014, when cannabis shops sold more than $699 million…

Facebook Gives a Big Thumbs Down To Cannabis Pages

In a move that’s likely to hurt cannabis businesses, Facebook has shut down more than 20 medical and recreational dispensaries across the country. Over the last week, dispensary owners received letters from Facebook indicating a violation of the social media company’s community standard…

Harvest Season : Colorado Cannabis Sales Dip

Legal cannabis sales in Colorado took a dip in October from months, according to new data from the state’s Department of Revenue. From September to October, recreational cannabis sales dipped 13 percent to $49.1 million and medical pot sales dropped 18 percent to $31.3 million…

Colorado Wholesale Cannabis Prices Rise

In early 2015, many predicted an oncoming “cannabis crash” due to the availability of growers in Colorado and the increasing number of other legal cannabis states. However, in many locations, cannabis pricing has risen to over $3,000 per wholesale pound in some places. Several quality testing organizations attribute this to a new microbial testing requirement…

Alaska Allows Recreational Cannabis Retail Outlets

In an article posted today at Alaska Dispatch News, Alaska officials voted 3 to 2 in favor of an amendment allowing the sale of recreational cannabis in retail outlet stores. This amendment, if approved by Lt. Gov. Byron Mallott, would make Alaska the first state to allow a regulated area for marijuana consumption outside of a person’s home or other private spaces…

Colorado & Washington Legal Cannabis Set Records

As the summer comes to an end, legal cannabis markets continue to surprise us by posting bigger and bigger income numbers. Colorado’s pot tourists set a huge high mark with $56.4 million in legal recreational cannabis sales in July alone. Not to mention medical cannabis in Colorado which brought in its own whopping $40 million in taxes. With these record numbers, its not hard to believe the industry could potentially cross the billion dollar mark by the end of this year…

Senate Approves Measure to Make Weed Banking Better

Last week, the U.S. Senate voted to pass a measure to loosen restrictions on cannabis businesses that legally produce and sell marijuana to do business with banks and other financial services providers. While this measure simply reduces fines and essentially defers to the state’s rights, this could be a huge step for the cannabis industry in legal marijuana states…

US House Continues to Push Cannabis Forward

Earlier this week, the U.S. House passed several amendments aimed at scaling back federal war on cannabis and to reduce the budget of the Drug Enforcement Administration. The House considered 9 key measures enforcing responsible behavior by the DEA and reducing penalties for hemp and cannabis grow operations…

Marijuana Businesses Still Struggle to Find Banking

Hesitant to dive on the legal marijuana industry, big corporate banking is still taking to cannabis businesses slowly. The U.S. government has even opened a line of insurance credit to begin covering the near $3 billion worth of cash moving through the legal cannabis market, but many banks still have not risen to the task…

March Shows Record Marijuana Sales in Colorado

According to an article in the Cannabist, the month of March reflected record sales for the legal marijuana industry. More than $47 million of recreational marijuana sales were estimated by the Colorado Department of Revenue in a report released earlier this week…