The Business of Cannabis

What Ending Federal Marijuana Prohibition Could Mean For The Industry

Jul 20, 2021 | National

Purveyors of legal marijuana are cautiously applauding a Democrat-backed Senate bill to end the federal prohibition of pot, saying their businesses have been stymied by banking regulations that force them to deal in cash and make them a target for...

Marijuana industry Scores $5 Billion Worth Of Legalization Wins In 2021 Via State Legislators

Jul 20, 2021 | National

2021 is shaping up to be a record year for legislative-driven recreational marijuana legalization – and cannabis industry executives and advocates have lawmakers and governors in four states to thank for that. The MJBizFactbook projects those four markets...

Legal US cannabis Sales Could Top $30 Billion By 2022 Thanks To Continued Growth, New Markets

Jul 20, 2021 | National

With new markets coming online and existing markets trending upward, legal cannabis sales in the U.S. are projected to surpass $30 billion in 2022, according to an updated long-term forecast by Seattle-based marijuana  analytics firm Headset. This...

Using Hemp to Reduce Plastic Waste in the Cannabis Industry

Jul 20, 2021 | National

When James Eichner and Ron Basak-Smith met as graduate students at the University of Colorado, they bonded over music, a love for cannabis, and a frustration over the cannabis industry’s plastic waste problem. Shortly after they met, a joint business-school project on...

Federal Economic Panel Recommends Classification Changes To Track Cannabis Sales More Easily

Jul 14, 2021 | National

The marijuana industry will “continue to grow,” a federal economic committee said in a new series of recommendations, and that means steps need to be taken to ensure that it’s tracked more diligently under a system that enables analysts to follow markets and publish...

US Senate Cannabis Reform Bill Unveiled

Jul 14, 2021 | Feature, National

Senate Majority Leader Chuck Schumer on Wednesday unveiled the draft of a comprehensive marijuana reform bill that would legalize the plant federally by removing it from the Controlled Substances Act while letting states continue to decide whether to prohibit or allow...