GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $9 million through the offering of convertible notes. The Denver company said in a news release filed with the...
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Vermont House approves bill legalizing possession and home growing of marijuana
Brushing aside fears of a possible federal crackdown, Vermont's House approved legislation Thursday that would permit adults older than 21 to possess small amounts of marijuana and grow their own plants beginning in July. The vote came after lawmakers rejected two...
US prosecutor in Colorado signals no change in stance toward marijuana businesses
The top federal prosecutor in Colorado indicated his office is unlikely to make any major changes in its enforcement stance toward legal marijuana businesses operating across the state. U.S. Attorney Bob Troyer of the District of Colorado said his office's policies...
Massachusetts to continue rolling out rec cannabis legalization, officials say
Massachusetts cannabis regulators said Thursday they will proceed with plans to legalize recreational marijuana, downplaying Attorney General Jeff Sessions' reported decision to rescind an Obama-era policy that paved the way for legalized cannabis to flourish. The...
What’s Happening: Industry Developments
National and international news developments in the cannabis industry.
Florida bank that welcomed medical marijuana firms now closing accounts
Orlando-based First Green Bank - which earlier this year opened accounts for six of Florida’s seven medical marijuana producers and openly agreed to provide them with financial services - said it is shuttering the accounts. The Miami Herald...
Nevada recreational marijuana sales set record in October, hitting nearly $38M
Nevada's young recreational marijuana market remains red hot, showing few signs of slowing since launching in July. Sales of recreational marijuana accelerated in October, hitting a record $37.9 million - up notably from the $27.7 million...
Big labor sees growth potential in California cannabis workers
Unions have caught a whiff of a rare opportunity to organize a whole new set of workers as recreational marijuana becomes legal in California. The United Farm Workers, Teamsters and United Food and Commercial Workers are looking to unionize the tens of thousands of...
Rob Kampia no longer affiliated with Marijuana Policy Project
The founder of Marijuana Policy Project, Rob Kampia, has parted ways with the pro-legalization group.
“I can confirm that Rob has separated from MPP and is no longer on the board,” MPP spokesman Morgan Fox wrote in an email.
California Dreamin’
The Golden State is set to become the Green State – one offering enormous opportunities for marijuana entrepreneurs.
by Roger Fillion
The launch of the adult-use cannabis industry in January will transform California into the world’s largest recreational cannabis market, one that could generate more than $4 billion in annual retail sales within a few years, according to Marijuana Business Daily projections. That would roughly equal the sales tally that the nation’s entire legal cannabis industry rang up in 2016.
What’s Happening: Industry Developments
National and international news developments in the cannabis industry.
Hemp farmers mulling a move into marijuana must know different rules, growing techniques
By Margaret Jackson
On the surface, it might seem like a no-brainer for a farmer who is growing hemp to cross over to marijuana, given the growing number of medical and recreational MJ products on the market.
Hemp, after all, is a cousin of marijuana. But it’s not so simple.
