Businesses Perform Better In States With Legal Cannabis, Study Finds

In addition to creating jobs and generating tax revenue, those states that have legalized marijuana appear to benefit in another way — fostering a robust business environment. Medical and recreational cannabis is legal in 33 states (plus Washington D.C.). Eleven states plus D.C. have legalized recreational marijuana. A new study from researchers at the University […]

New York’s Legal Cannabis Businesses Weigh In On Recreational Legalization

Budget outlines. Drafted tax proposals. It’s almost a sure bet that New York is going to legalize adult-use recreational cannabis. Governor Andrew Cuomo pledged to legalize recreational marijuana in 2020, and it appears he’s going to work to do just that. The only glitch? After royally screwing up the state’s medical marijuana program, medical marijuana […]

The Secret Loophole That Allows Growers In Newly-Legalized States To Source New Strains

Even when you’re trying to play by the rules, you might have to break them. In the world of legalized cannabis, where states gingerly follow the rules that, in reality, are illegal federally, it’s a chicken-and-egg situation. How do businesses get marijuana seeds or clones necessary to generate product? Do cannabis cultivators have a magic […]

Illinois’ First Day of Retail Marijuana Generates $3.2 Million in Sales

The first day of legal recreational cannabis in Illinois proved to be a lucrative one. On the first day of legal sales, over 77,000 transactions resulted in almost $3.2 million in sales. Those eagerly anticipating a cannabis purchase waited in line outside dispensaries — some queuing up the day before legalization. The amount spent in […]

Financial Trends To Expect In The Cannabis Industry In 2020

After the passage of the 2018 Farm Bill, CBD has increased in popularity (and profitability), making 2019 another strong year for cannabis. Investors remain plentiful and optimistic about the industry, continuing to infuse a new sector with cash. Investment totals for 2019 hit 2018 levels by the third quarter, and as legalization swept across the […]