Recreational Marijuana News

Two of Washington’s largest recreational marijuana chains on the selling block

John Schroyer  | January 17, 2017

By John Schroyer

Washington state’s two top-selling cannabis retailers are for sale.

Main Street Marijuana owner Ramsey Hamide and Uncle Ike’s owner Ian Eisenberg, who own three storefronts apiece, have united in an attempted joint sale of both companies, they told Marijuana Business Daily on Monday.

New Market: California awaits regulations before unleashing huge industry

Bart Schaneman  | January 12, 2017

By Bart Schaneman

California’s recreational marijuana market has the potential to dwarf all others as long as workable statewide regulations are ironed out, municipalities allow adult use and legal businesses can supplant the state’s thriving black market.

AG pick Sessions ‘won’t commit to never enforcing’ U.S. law on MMJ

John Schroyer  | January 10, 2017

The murky legal situation between the federal government and states that have approved cannabis in some form was not made any clearer Tuesday when U.S. attorney general nominee Jeff Sessions dodged questions about his planned approach to the issue.

During Day One of his confirmation hearing, Sessions – the Alabama senator who has been picked …

Oregon received nearly 2K rec marijuana applications last year

John Schroyer  | January 10, 2017

The agency that governs Oregon’s recreational marijuana industry was swamped with nearly 2,000 adult-use business license applications in 2016, far above the 800-1,200 it expected.

The Oregon Liquor Control Commission (OLCC) received 1,907 total applications last year, the Portland Business Journal reported Monday. Of those applications from retailers, growers and other types of …

Report: North America marijuana sales hit $6.7 billion in 2016

Bart Schaneman  | January 4, 2017

North America’s cannabis sales grew to $6.7 billion for 2016, up 30% from 2015, according to a report by Arcview Market Research.

The report projects North American sales will post 25% compound annual growth and reach $20.2 billion by 2021, according to a news release.

U.S. sales, meanwhile, totaled $5.86 billion for 2016.

This …

The marijuana industry under Trump: Q&A with Congressman Ed Perlmutter

John Schroyer  | January 4, 2017

By John Schroyer

Ed Perlmutter, a Colorado Democrat, has been a strong proponent of the cannabis industry during a Congressional stint that started in 2006.

While witnessing firsthand the growth of Colorado's marijuana industry, Perlmutter has sponsored several pro-cannabis measures in the House, including legislation to increase banking access for MJ-related companies.