Marijuana business News

Cannabis Banking Challenges in Legal States Go Far Beyond Pot

Kat Merryfield was ready to share her farm-to-home oils, chocolates and creams with the rest of the country. But banks and credit card processors weren’t ready to work with her small business. “We started out our website with PayPal, and …

Synthetic Marijuana Sold as CBD in Los Angeles, Tests Show

An Associated Press investigation shows a dark side to booming sales of the cannabis extract CBD. Some people are substituting cheap and dangerous street drugs for the real thing. As part of the investigation, a reporter in Los Angeles purchased …

Report Sees ‘Explosive’ Growth for North American Cannabis Market

The cannabis market in North America will be worth $47.3 billion by 2024, a new report shows. The report out this week paints a positive portrait of the cannabis industry in the U.S. and Canada that “is growing at an …

Washington Considers Overhaul of Cannabis Regulation 5 Years in

Five years after Washington launched its pioneering legal marijuana market, officials are proposing an overhaul of the state’s industry rules, with plans for boosting minority ownership of pot businesses, paving the way for home deliveries of medical cannabis and letting …

Big Cannabis Bills That Await California Lawmakers Include Banking and Hemp Products

Next month could be big for California’s cannabis industry. Among legislation introduced last session by state lawmakers was a bill to enable hemp-infused food and beverages to be legally sold by licensed marijuana retailers, and a bill that would enable …

Expert: Sophisticated Cannabis Operations Want Higher Limits, Customizations

Erich Bublitz has seen a significant transformation in his clients’ needs in just a year. Increasingly cannabis businesses are coming to him seeking higher limits, and more policy customizations, as their operations develop and become sophisticated and new needs evolve. …

61 More Recreational Pot Dispensary Licenses Awarded in Nevada

A few cannabis companies are reaping riches after the latest Nevada dispensary licensing round. Green Growth Brands and TapRoot Holdings have each been awarded seven licenses to operate in the state, while GreenMart NLV took home four. Nevada awarded 61 …

Nevada Pot Sales Hit Monthly Record in New Fiscal Year

Nevada kicked off the first month of the new fiscal year with its biggest monthly marijuana sales since the state legalized pot for recreational use on July 1, 2017. The Nevada Tax Department said this week the $7.9 million in …

Numerous California Marijuana Products Failing Safety Tests

Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards …

Internet Advertising by Unlicensed Marijuana Businesses Upset California Market

Online ads from unlicensed marijuana shops are creating turmoil in California’s emerging legal pot market. State regulators have warned the popular website Weedmaps to take down ads from illegal sellers or face possible penalties. But the company says it’s not …