Cannabis sales in the US are expected to increase by 35% in 2019, and are forecast to surpass the $12 billion mark by the end of the year. These exclusive market projections and more are detailed in the 7th edition of Marijuana Business Factbook, courtesy of the Editors of MJBizDaily. According to the data, the […]
As a whole, the cannabis industry is already huge. However, as states continue to legalize cannabis for both medicinal and recreational use, analysts expect the market to continue to grow. According to Forbes, in 2018 alone, the cannabis industry brought in nearly $10 billion in sales while also generating millions more in tax revenue for […]
After the company observed a change in public policy related to the cannabis industry, credit card processing company Square is positioning itself to create new opportunities for clients. The company has quietly, by invite-only, started beta-testing payment processing for companies that sell products containing hemp-derived CBD. Door Open, Door Closed Although hemp-derived CBD is now […]
Google quietly unveiled an updated policy on May 29 that prohibits apps connecting people with cannabis products, even in states where it’s legal. The policy change was first reported by Android Police. In an attempt to make the Play Store more child-friendly, Google now requires all app developers to meet certain criteria related to their […]
Colorado Governor Jared Polis signed legislation May 29, repealing the provision prohibiting publicly traded corporations from holding marijuana licenses. The bill Polis signed into law, House Bill 1090, passed the House by a vote of 54-11 and passed the Senate 27-7. The legislation also served to open the state’s industry to outside investors. Some of […]
Only two keys words are needed to describe marijuana industry trends for 2019. They are: constant evolution. As we continue into 2019, the industry keeps reinventing itself — as more and more states legalize marijuana the platform changes — from regulations to consumption methods to finance. Let’s explore some of the trends that stand out […]
