Report: U.S. Legal Cannabis Sales Could Top $75B by 2030

According to research firm Cowen & Co., legal cannabis sales in the U.S. are expected to reach $75 billion by 2030, which would put it on track to surpass the current sales for non-alcoholic carbonated drinks, Bloomberg reports. The firm previously predicted that the cannabis market would reach $50 billion by 2016 – if legalized federally…

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Colorado Senate Committee Rejects Social-Use Bill

Colorado’s Senate Business, Labor & Technology Committee voted 6-1 against a measure to create social-use cannabis licenses, according to a Cannabist report. The measure was opposed by state cannabis regulators and by members of the law enforcement and medical communities. Colorado State Patrol Major Steve Garcia argued that the measure would increase the likelihood of…

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Orange County, New York Gets First MMJ Dispensary

The first medical cannabis dispensary in Orange County, New York has opened for business following the expansion of the state program in 2017. The Curaleaf dispensary, operated by PalliaTech NY, LLC, is located in Newburgh; Orange County has a population of more than 377,600. “We are excited to open our doors and begin providing patients…

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Marijuana millionaires riding Canada’s legalization wave

Terry Booth didn’t expect his life would come full circle, thanks to marijuana. He sold pot in high school, peddling quarter ounces for C$25 ($19) to help out his dad. He spent the next two decades working as an electrician and entrepreneur, and planned to semi-retire to the golf course after taking a step back…

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Joe Kennedy III Reveals His Views on Marijuana Legalization

Appearing on a late-night talk show, Joe Kennedy III reveals his views on marijuana legalization. The Democratic congressman from Massachusetts was a guest on Jimmy Kimmel Live! on Wednesday night. Turns out, his views are in opposition to his political party. Kennedy and Cannabis Joseph Patrick Kennedy III is an attorney and represents the 4th…

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California cannabis company receives historic $1 million insurance payout following fire

It’s believed to be the largest insurance award ever given to a legal marijuana business. Industry insiders also see the event as another indicator of how rapidly the legal cannabis industry has matured, and how much corporate America’s “take” on cannabis companies has changed. Last month the Santa Barbara Independent reported that a Southern California…

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Marijuana not part of North Dakota’s corporate farming ban

BISMARCK, N.D. (AP) — North Dakota’s Great Depression-era law banning corporate farming won’t preclude horticulture operations from growing medical marijuana, provided it’s not done on agricultural land, the state’s attorney general has determined. The state health department sought clarification from Attorney General Wayne Stenehjem on how the program voters approved in November 2016 will apply…

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Josephine County, Oregon Sues State to Nullify MMJ and Rec. Cannabis Laws

Josephine County, Oregon is suing the state in federal court seeking to invalidate both the medical and adult-use cannabis laws approved by voters in 1998 and 2014, respectively, the Associated Press reports. The lawsuit argues that the state laws are pre-empted by federal drug laws. “Any person in any state who possesses, distributes, or manufactures…

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Michigan May Legalize Recreational Marijuana Before November Ballot

What seems on its surface like an early win for cannabis advocates in Michigan may, in fact, be an attempt to rig the state’s upcoming general election. The question of legalizing recreational marijuana will appear on the November ballot, and voters are expected to turn out to register their support. But the prospect of higher…

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County officials sue the state of Oregon, call marijuana farms a “nuisance”

SALEM, Ore. (AP) — Officials in an Oregon county who have tried to restrict commercial marijuana production sued the state in federal court, asserting state laws that made pot legal are pre-empted by federal law that criminalize it. The lawsuit filed Tuesday in U.S. District Court escalated a long-running battle between the state and the…

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