California Opens for Recreational Marijuana Sales

Recreational marijuana sales in California officially began January 1. The most populous state in the nation, California is home to nearly 40 million people–and expectations are high that the state’s marijuana market will earn billions of dollars…

Denver Coffee Shop First to Apply for Social Pot Use

More than a year after Denver voters approved social marijuana use at licensed businesses, the city has received its first application: The Coffee Joint in west Denver will be the first in the city to allow vaping and the consumption of edibles…

Recreational Marijuana Sales Begin in California Jan. 1

2018 is just around the corner, and California’s recreational marijuana program is set to launch on January 1. The state is expected to become the country’s largest marijuana market, generating $4.5-$5 billion in annual sales…

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…

Legal Marijuana Leads to Fewer Opioid Related Deaths

There’s a growing body of evidence that marijuana is beneficial to opioid users and effective at treating chronic pain. Marijuana essentially has zero chance of fatal overdose. The University of Michigan published a study in 2016 that found that chronic pain sufferers who used marijuana saw a 64-percent drop in opioid use…

Gorilla Glue Settles in Trademark Suit vs. Cannabis Strain

In what may be a sign of things to come, the adhesive brand Gorilla Glue Co. has reached a settlement with the Las Vegas-based cannabis company behind Gorilla Glue #4 (as well as #1 and #5). The Gorilla Glue Co. filed a trademark infringement suit against GG Strains back in March of this year…

Hawaii the First State to Require Debit-Only Cannabis Sales

Beginning Oct. 1, Hawaii will be the first state in the U.S. to require cashless-only cannabis sales. A Colorado-based credit union will permit dispensaries in Hawaii to open bank accounts, and a debit app called CanPay will enable patients to purchase cannabis with their smartphones…

Alaska’s Expanding Cannabis Market Sets New Sales Record

The Alaska Department of Revenue reported that they collected nearly $600,000 in marijuana tax revenue during July–which equals about a third of the total marijuana tax revenue brought in last fiscal year. The figures are the highest to date in Alaska since recreational sales began last October…

Denver Ready to Issue Cannabis Social Use Licenses

The problem of where to consume cannabis in Colorado has been an issue since recreational marijuana use was approved by voters in 2012. Now, five years later, the city of Denver is ready to become the first in the nation to launch a program allowing businesses to set up social marijuana consumption areas…

Justice Department Blocks DEA Cannabis Research

A year after the US Drug Enforcement Agency (DEA) began accepting applications to grow cannabis for research, it appears that the Department of Justice (DOJ) and Attorney General Jeff Sessions are blocking researchers from moving ahead with their proposals…

Hawaii Opens First Medical Marijuana Dispensary After 17-Year Wait

After a 17-year wait, Hawaii’s 18,000 medical marijuana patients will finally have a place to shop. Maui Grown Therapies is set to open next week, having been the first dispensary to receive approval from the Department of Health to begin selling medical cannabis…

Colorado’s $100 Million/Month of Cannabis Sales the “New Norm”

Another month, another record-breaking amount of cannabis sales in Colorado. The cannabis industry achieved a milestone in May, with $100 million in pot sales for the 12th consecutive month. “I think that $100 million a month (in sales) are the new norm,” said Bethany Gomez, director of research for Brightfield Group, a cannabis market research firm…

Nevada Governor Declares State of Emergency After Weed Runs Low

There’s a first for everything, especially when it comes to the cannabis industry, so perhaps it’s not surprising that a lack of weed has led the governor of Nevada to declare a state of emergency. Less than two weeks after recreational marijuana sales began, dispensaries report that they’re running out of product to sell…

A Win for Cannabis Industry Banking (Sort of)

Denver-based credit union, Fourth Corner, has another shot at bringing banking to the cannabis industry. Since the beginning, banking has always been an issue for cannabis businesses since cannabis is still federally illegal, but this marks a small step forward in progress…

Recreational Cannabis in Nevada Hits a Roadblock

On Tuesday, a Carson City judge, James Wilson, issued an injunction that reverses the Tax Department’s decision to allow more than just alcohol wholesalers to transport recreational marijuana from growers to dispensaries. The move could delay a planned July start date for recreational cannabis sales…

Medical Marijuana in Dispensaries Hawaii are Open but Not Able to Sell

Hawaii’s first medical marijuana dispensary opens Thursday, but don’t expect to see any cannabis on the shelves. The problem? The state labs tasked with testing medical marijuana prior to sale have yet to be certified…

Colorado Cannabis Tax Revenue Exceeds $105 Million

Colorado governor John Hickenlooper signed a budget bill on Friday that earmarks how marijuana tax revenue will be spent. Marijuana is still big business in Colorado, and tax revenue from the 2016-2017 fiscal year brought more than $105 million to the state’s “Marijuana Cash Fund.”…

Vermont Governor Vetoes Current Marijuana Bill

Vermont Governor Phil Scott (R) vetoed a bill on Wednesday that would have legalized recreational marijuana. Scott cited concerns about public safety, seeking changes to the bill that would include more aggressive penalties for driving while impaired or in the presence of children…

Applications for Nevada Recreational Cannabis Sales Now Open

Good news Nevada cannabis enthusiasts: the application period for recreational cannabis sales is underway and stores are expected to open by July 1. Licenses will be distributed to currently operating medical marijuana dispensaries. Here’s everything you need to know about applying for a recreational cannabis license…

Marijuana Could Benefit Native Tribes in Nevada

Last week, tribal leaders in Nevada testified in support of a bill that would bring the medical and recreational cannabis industry to tribal lands. Senate Bill 375, introduced by Sen. Tick Segerblom (D-Las Vegas), would allow the state to work with individual tribes whose tribal councils have approved medical and/or recreational cannabis…

Alaska Debates Allowing On-Site Cannabis Use

The Alaska Marijuana Control Board to revive a proposal that would allow cannabis consumption at licensed pot shops. Following voter approval of recreational marijuana in 2015, the board began work on regulations that would allow retailers to create consumption spaces, similar to a cafe or bar…

More Celebrities Launch Cannabis Brands, Help Normalize Industry

California is expected to become the largest recreational pot market in the country, so it’s not surprising that a number of celebrities are jumping on the marijuana bandwagon and creating their own cannabis brands. Industry experts say that by investing in cannabis celebrities like Willie Nelson, Whoopi Goldberg, Wiz Khalifa, and billionaire Richard Branson are helping promote broader social acceptance of marijuana…

Pro-Marijuana Lawmakers Launch Cannabis Caucus

At a press conference on Thursday, Republican congressmen Dana Rohrabacher (California) and Don Young (Alaska) joined Democrats Earl Blumenauer (Oregon) and Jared Polis (Colorado) to launch the Congressional Cannabis Caucus. The coalition is focused on easing tensions between federal and state drug laws and supporting the growing cannabis industry…

New Mexico Bill May Give Military Veterans Access to Medical Marijuana

The Senate Judiciary Committee in New Mexico approved a bill that would make all military veterans eligible for a medical marijuana card. The changes to the state’s Medical Cannabis Program would automatically allow veterans to enroll without being diagnosed with a qualifying medical condition…