South Carolina is just one of the most recent states to begin talks of allowing the use of medicinal cannabis. Recently a bipartisan group within the state representatives introduced legislation, which could lead to a medicinal cannabis program. Led by J. Todd Rutherford, SC House Minority Leader, the program would be a part of the Put Patients First Act. In addition, it would ... Read More
Recent Research Shows Legal Cannabis Fastest Growing Industry in U.S.
Research from a cannabis investment firm, ArcView Group, found the legal cannabis market grew by 74% last year from $1.5 billion in 2013 to $2.7 billion in 2014. Surveys were sent to hundreds of retailers and other “ancillary” operations in the cannabis industry. In an interview with the Huffington Post, ArcView CEO Troy Dayton explains: In the last year, the rise of the ... Read More
Pot Businesses Now Have a Bank Available
One of the big challenges facing marijuana businesses is banking – most financial institutions will not open accounts from pot-related businesses because of the risks of breaking federal laws. Although marijuana is legal in several states now, banks have to follow federal laws and regulations, which still say marijuana is illegal. But that may soon change thanks to a new ... Read More
Cannabis Entrepreneurs Cash in On Black Friday Shopping with their Own Green Friday Deals
With recreational marijuana use now legal in Colorado (and Washington state), it is only logical that marijuana business owners are cashed in during annual after Thanksgiving sales. However, rather than having Black Friday sales, they held their own Green Friday sales. Some dispensaries had limited sales on ounces of marijuana. For example, in Denver, The Gras Station was ... Read More
MSNBC’s “Pot Barons of Colorado” highlights the Ups and Downs of the Cannabis Business
As more states are either legalizing (or looking into legalizing) marijuana, the idea of marijuana itself is becoming more mainstream. One example of this is MSNBC running a six-part documentary series called “Pot Barons of Colorado.” This series follows some of Colorado’s biggest cannabis business owners. Pot Barons shows the success that these businesspeople have had and ... Read More
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