In the past, the only way that most growers in the U.S. could produce cannabis was indoors in order to avoid punishment from prohibitive federal laws. However, now that such laws are slowly being overturned on a state-by-state basis, that stigma is starting to diminish. This means that the need to grow medicinal marijuana indoors is beginning to diminish, as well. Growing ... 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
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
Native American Reservations Get Federal Approval to Grow and Sell Cannabis
Is this a sign of surrender on the part of the feds in regard to marijuana legalization? The Washington Post reports: The Justice Department said Thursday it will no longer prosecute federal laws regulating the growing or selling of marijuana on reservations, even when state law bans the drug [emphasis added]. Commenting on the ruling, Timothy Purdum of the U.S. ... Read More