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How a beer scion entered the cannabis industry for the long haul
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Denver Rec Shop Projects $10M-$12M in 2014 Sales
The owner of one of Colorado’s largest recreational marijuana stores projects his 2014 revenues will more than double his sales as a medical marijuana dispensary. Andy Williams, owner of the…
News April 14
Money Show Wrap-Up: Financial Lessons for Cannabusinesses
Financing, taxes and cash management – three of the most important topics for cannabis entrepreneurs – took center stage during last week’s CannaBusiness Money Show events in Boston, Chicago and…
News April 11GrowLife Trading Halted by SEC, Cannabis Stocks Drop
The U.S. Securities and Exchange Commission has temporarily halted stock trading for GrowLife Inc. (PHOT), which trades on the over-the-counter bulletin board. In a press release, the SEC said it…
News April 10Boston Mayor Aims to Block Dispensaries
Boston mayor Martin Walsh will try to block the city’s two planned medical marijuana dispensaries, pending the results of a review by the Department of Public Health. This week, Walsh…
News April 10NJ Voters Split on Decriminalization, Oppose Rec
New Jersey voters are split down the middle when it comes to legalizing marijuana possession, however they do not support creating a recreational industry. A recent poll conducted by Monmouth…
News April 10Recreational Sales Rise 5%, But Actual Growth Much Bigger
Sales at Colorado recreational marijuana shops rose 5% in February to hit $15.1 million, according to an extrapolation of the latest tax data released by the state. The figures are…
News April 9Oregon Registered Dispensaries Now Total 32
The Oregon Health Authority approved the registration of 10 additional dispensaries late last week, bringing the total number of approved and registered facilities to 32. Applications for registration were accepted…
News April 9
New Forecast: U.S. MMJ and Recreational Cannabis Sales to Hit $8 Billion by 2018
By Anne Holland U.S. retail cannabis sales will rise more than five-fold over the next five years, from an estimated $2.2-$2.6 billion in 2014 to $7.4-8.2 billion in 2018, according…
News April 9Colorado Governor Lowers Cannabis Tax Forecast
Colorado Gov. John Hickenlooper has scaled back his cannabis tax revenue estimates by about 15%, saying he wants to take a more conservative approach amid wildly different market projections. The…
News April 8
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