Colorado expects recreational and medical marijuana sales to reach at least $900 million during the state's next fiscal year, according to an extrapolation of tax revenue estimates. The figure is tied to a budget proposal by Gov. John Hickenlooper this week estimating...
by CannaBusiness Media Staff The federal government on Friday cleared the way for banks to work with marijuana businesses, removing a major hurdle that has tripped up the cannabis industry in recent years. The US Justice Department and Treasury Department issued joint...
Nevada continues to implement its rules governing medical marijuana dispensaries, and last week an official confirmed that the state will soon hire six inspectors and one supervisor to oversee the facilities. The team will regulate activities at roughly 150...
Marijuana marketing may be taking a step toward mainstream promotions. An ancillary medical marijuana education company called the New England Grass Roots Institute has found a Boston-area radio station, WBOS-FM, willing to run its ads. Accepting the ads for broadcast...
The author of the Maryland law that governs distribution of medical marijuana through the state’s approved research hospitals wants to loosen up the program. His proposed bill, however, does little to address the key stumbling block in the law. Baltimore County...
Could home-based businesses – think Amway and Avon – be viable distribution channels for cannabis-related products? HempMedsPX believes so. The company has inked a two-year agreement with an unnamed “home-based business organization” to distribute industrial...
Connecticut's medical marijuana program took a big step forward Tuesday as the state approved four medical marijuana cultivation licenses on Tuesday, higher than the three grow facilities expected to be approved. Of the 16 total applicants, these four made the final...
A new financial measure aims to help cannabusiness investors and entrepreneurs track the performance of the broader industry. Mentor Capital has developed a Cannabis Stock Index, a weighted average of the prices of selected industry stocks. Given the heavy...
A new website aims to shake up the marijuana market in several states by offering Priceline-style marijuana deals at local dispensaries. Wikileaf.com allows patients and recreational customers to specify how much they want to spend in general on cannabis. It then...
Florida's state Supreme Court on Monday ruled in favor of existing language for a medical marijuana ballot measure. The decision was the final hurdle to ensuring the initiative will appear on the November ballot. On Friday, the Florida Division of Elections certified...
Advertising is one of the most frustrating areas of operation for marijuana business owners due to costs, marketing regulations embedded in state laws and tight restrictions from some of the largest marketing resources. But as the industry becomes more crowded,...
The federal government will issue regulations soon allowing banks to work with marijuana businesses, US Attorney General Eric Holder said Thursday. But it's unclear what exactly the banking accommodation will entail. While Holder twice mentioned "regulations," a...
