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Chart: Cannabis industry employs 165,000-plus workers

Eli McVey  | June 26, 2017

By Eli McVey

With 165,000-230,000 full- and part-time workers, the U.S. cannabis industry has quickly become a major job generator.

Cannabis-related businesses now employ more people than there are dental hygienists and bakers in the United States and will soon surpass the number of telemarketers and pharmacists.

Week in Review: Massachusetts rec logjam, Pennsylvania MMJ grower licensees & Oregon testing woes

Bart Schaneman  | June 23, 2017

By Omar Sacirbey, Bart Schaneman and John Schroyer

Massachusetts lawmakers propose an overhaul to a voter-approved measure to legalize recreational cannabis, Pennsylvania awards 12 medical marijuana cultivation licenses, and Oregon continues to have MJ testing issues.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

South Carolina prepares to launch nation’s latest hemp program

Margaret Jackson  | June 21, 2017

By Margaret Jackson

South Carolina is gearing up to become the latest state to allow hemp cultivation, a move that’s expected to create opportunities for farmers, makers of hemp-based products and ancillary companies offering goods and services to those growing and processing the plant.

Chart: Florida could someday be home to massive medical marijuana businesses

Eli McVey  | June 19, 2017

By Eli McVey

Primed to become one of the nation’s most lucrative medical marijuana markets once it’s up and running, Florida’s program will license just a handful of businesses to produce, process and distribute all MMJ sold in the state.

It’s a situation that may give rise to some of the nation’s largest marijuana firms.

Week in Review: Vermont’s MMJ expansion, cannabis standards & Sessions’ warning

John Schroyer  | June 16, 2017

By John Schroyer and Bart Schaneman

Vermont adds dispensaries and qualifying conditions to its medical marijuana program, two standards organizations begin work on the cannabis sector, and U.S. Attorney General Jeff Sessions tries to strip MMJ protections.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Analysts: High Times sale could buoy cannabis industry

Omar Sacirbey  | June 15, 2017

By Omar Sacirbey

The marijuana industry can expect higher valuations, more capital injections and increased merger and acquisition activity after the sale of High Times and the iconic magazine's Cannabis Cup.

That’s the assessment of analysts following the deal, in which investors paid $42 million for a 60% stake in the company.

Wall Street vet bullish on cannabis: Q&A with iAnthus Capital’s Hadley Ford

Omar Sacirbey  | June 14, 2017

By Omar Sacirbey

In 14 years on Wall Street, Hadley Ford was involved in more than 150 deals worth billions of dollars. He later co-founded and scaled a cancer treatment facility to more than 300 employees and $100 million in annual revenue.

In 2014 he moved to the cannabis sector by founding iAnthus Capital.

Good start for Los Angeles’ cannabis business regulations – but a long way to go

John Schroyer  | June 13, 2017

By John Schroyer

The first draft is out. And many are thankful it's not the last.

That's the consensus of some industry leaders after Los Angeles' marijuana businesses got their first glimpse of much-anticipated city regulations for the cannabis industry. Inroads have been made, but there's much fine-tuning left to do.

Chart: U.S. marijuana industry’s economic impact to approach $70B by 2021

Eli McVey  | June 12, 2017

By Eli McVey

The U.S. cannabis industry is poised to inject nearly $70 billion on an annual basis into the American economy by 2021, an eye-popping figure that underscores the broader economic impact for towns and municipalities that accept legal marijuana businesses into their communities.

Legislative deal pushes Florida’s medical marijuana program forward, with caveats

Bart Schaneman  | June 8, 2017

By Bart Schaneman

Florida lawmakers’ agreement on rules for the state’s full-fledged medical marijuana program would more than double the number of licensed MMJ companies over the next year.

But special caveats would limit the number of entrepreneurs who could get a business license.