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
