Sure, the fact that Illinois and New Hampshire legalized medical marijuana this summer and dispensaries opened in a handful of states in recent months has generated a fair share of excitement in the cannabis industry. But the biggest marijuana-related development of...
New Jersey's medical marijuana program has been a major disappointment from a business perspective so far. Despite having legalized cannabis for medical use back in 2009, just one dispensary has opened its doors since and only 1,200 patients have received MMJ cards...
By most accounts, the small Michigan town of Ypsilanti has been a relatively welcoming place for medical marijuana entrepreneurs. Local voters backed MMJ legalization by a ratio of nearly 5-to-1 in 2008, officials began permitting dispensaries and grow sites in 2011...
By Andy Joseph Medical marijuana is quickly transitioning into a mainstream industry, as evidenced by the growing acceptance of MMJ across the country and the passage of favorable cannabis laws in an increasing number of states. A big reason for this trend is the...
Annual medical marijuana sales in Colorado have surged over the past year and are now hovering around $300 million, a huge increase that highlights the industry's growth despite a wave of consolidation. Dispensaries racked up roughly $225 million in sales during the...
The last eight months have been remarkable for the medical marijuana industry, at least when it comes to dispensaries launching in new areas. Four states - Arizona, New Jersey, Rhode Island and Vermont - have welcomed their first dispensaries since December. And last...
Ancillary cannabis startups received some good news on the funding front last month when Seattle-based Privateer Holdings announced that it closed a $7 million round of funding. The private equity firm detailed plans to pump the money into fledgling firms that make...
The medical marijuana industry in Arizona has scored another victory in the courtroom that will have positive repercussions for some cannabis entrepreneurs, at least in the near term. A county superior court judge ruled that the state cannot deny certificate renewals...
Note: This is an updated version of a story that first ran Wednesday Welcome to the medical marijuana club, Illinois. State Gov. Pat Quinn (pictured) signed a medical cannabis bill into law this afternoon, just days before his deadline to make a decision on the...
The first dispensaries have finally opened their doors in the nation's capital, jump-starting a new MMJ market and representing a symbolic step forward for an industry that is still deemed illegal on a federal level. Capital City Care launched yesterday in the eastern...
Just when you thought the federal crackdown on medical marijuana had become a thing of the past, the government launches one of its largest coordinated raids so far this year. Last week, the Drug Enforcement Administration stormed a handful of dispensaries in...
Americans for Safe Access will launch a standards and certification program for medical cannabis businesses across the country this fall, a long-overdue move that could boost the industry's legitimacy, credibility, transparency and professionalism significantly. The...
