Marijuana Sales, Funding & Banking News

Exclusive: US Medical Marijuana Sales to Hit $1.5B in 2013, Cannabis Revenues Could Quadruple by 2018

By Chris Walsh Retail medical cannabis sales in the United States could hit an estimated $1.3 billion-$1.5 billion in 2013, growing 10-15% from last year as the industry recovers from widespread turmoil, according to exclusive research data released today by MMJ Business Daily. The long-term future appears even brighter: The legalization of marijuana for adult […]

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Weekly Wrapup: Medical Marijuana Moving Forward in MA + Snapshot of Dispensary Startup Costs

Something monumental is happening in Massachusetts: The state is actually moving forward with medical marijuana regulations at a surprisingly rapid pace. Last week, the state’s health department released its near-term regulatory timeline, setting March 29 as the target date for the release of its proposed rules covering the MMJ industry. A public hearing will be […]

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Is an Early Window of Opportunity Closing for Medical Marijuana Investors?

By Anne Holland Investment opportunities in the medical cannabis industry abound – but interested parties had better move quickly. That theme echoed through several speakers’ presentations to more than 115 investors and cannabis entrepreneurs packed into a SOHO–area penthouse in Manhattan yesterday evening at MMJ Business Daily’s first quarterly New York Seminar for Investors and […]

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Massachusetts Cannabis Entrepreneurs Eagerly Awaiting Draft Rules on State MMJ Program

By Cassandra Farrington If you’re looking to launch a medical cannabis business in Massachusetts, mark March 29 on your calendar. That’s when the state’s health department will release a draft of its proposed rules covering medical marijuana production and sales, providing a glimpse into how local officials hope to regulate the industry. It’s a crucial […]

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Rhode Island Projections Shed Light on Dispensary Startup Costs, Annual Revenues

Want to get an idea of startup costs, revenue potential and other financial data tied to launching and running a medical marijuana dispensary? Look to Rhode Island. Documents filed recently by two groups planning to open dispensaries in the state – the Thomas C. Slater Compassion Center and Greenleaf Compassion Center – provide a snapshot […]

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Business Bigwigs, Yale Grads & Wall Street Pros Eye Marijuana Industry in Wake of Legalization

Professionals from the world of big business are looking to tap the emerging marijuana market in Colorado and Washington, eyeing everything from private equity funds and financial services firms to upscale cannabis stores. The increased interest is expected: Legalization in Colorado and Washington could create an estimated $2 billion market (conservatively) if retail marijuana stores […]

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Potential US Marijuana Market Estimated at $46 Billion

By Anne Holland According to the number crunchers at Washington State’s Office of Financial Management, a “fully functioning marijuana market” could result in an in-state total of $1.021 billion gross sales of marijuana grams per year. Only 2.15% of the US population lives in Washington State. So, extrapolated, this data could indicate that the total […]

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