WeedLife News Network

Through November, the state brought in just over $1 million from the gross receipts tax alone, according to state Department of Revenue data.

New average market rates for products grown for retail purposes help state calculate excise tax collections.

What is believed to be Maine’s first marijuana convenience store, one of only a handful in operation in the country, will open Thursday in Portland.

There’s “still a really strong need” for specialty insurance to cover cannabis businesses as well as medical professionals prescribing cannabis, according to an attorney who specializes in the sector.

The two Massachusetts marijuana retail stores pulled in $2.2 million in gross sales, according to data released by the state Cannabis Control Commission.

Recreational marijuana sales in Oregon will be nearly $543 million this year, up 29 percent from 2017 and well above economists' expectations, forecasts show.

Cannabis retailers are pushing "Green Wednesday," the day before Thanksgiving, as the Black Friday for marijuana users.

The future of cannabis cultivation isn't in massive grow facilities with high-tech lights and complex temperature control systems. It's out in the open air, according to proponents of the sun-grown movement.

The Nevada Department of Taxation reported on Wednesday that in August, the state collected $8.1 million in taxes alone from cannabis sales. That’s $3.2 million more than the same time last year.

With the passage of Proposal 1 in last Tuesday's midterm election, Michigan attorneys are gearing up for an influx of people interested in the business side of the budding marijuana industry.

Legendary filmmaker and winery owner Francis Ford Coppola is premiering his own marijuana line.

Cannabis startups envision a not-too-distant future in which consumers seek alternative refreshments during happy hour.

There is a great unknown for how federal and state enforcement authorities as well as trucking companies will come to grips with the proliferation of state laws permitting medical and recreational use of marijuana, a panel of trucking executives said.

Instead of creating a whole new system of specialized stores to distribute marijuana when it becomes legal, New York should just allow existing liquor and wine retail outlets to sell cannabis to adults. That’s the position of a new advocacy effort launched by owners of booze shops this month.

At the moment, no restaurants are legally allowed to sell cannabis or hemp infused food and beverages although things like hemp grain and oil, hemp protein baking flour are permitted ingredients in edible products.

"A disproportionate number of minority communities are affected by misdemeanor marijuana offenses," said Tiki Barber, the ex-Giants running back turned sportscaster/entrepreneur who teamed up with Kevin Shin, a financial services veteran.

As cannabis is being infused into mainstream beverages, beauty products, sunscreens, every kind of food imaginable and is now legal in Canada and the majority of the U.S., it seems consumers may have already normalized what was stigmatized not long ago.

The cannabis food and drink sector has seen a large increase in patent filings in the last five years, according to a PatSnap report.

What are the next state-legal markets likely to excite the capital markets?

A new report by ArcView shows that branding will be key for edible makers.