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Six Predictions For The Marijuana Industry In 2017

Category: News | Posted on Tue, December, 27th 2016 by THCFinder

This year saw big election wins for marijuana in several states. In addition, Colorado crossed the $1 billion mark for annual marijuana sales. Now a new year is almost here and a new presidential administration for the cannabis industry to navigate. It's time to look ahead and see what's in store for the cannabis industry in 2017.

 

The two biggest areas of focus for the upcoming year are California and Jeff Sessions. With California's recreational marijuana market in the building phase, many in the industry will be watching for progress throughout the year. Another big center of attention will be the appointment of Jeff Sessions as U.S. Attorney General. This will keep the industry on heightened alert for any changes in law enforcement.  Aside from those two topics, here are some of the industry’s biggest predictions for the 2017.

 

Read More:http://www.forbes.com/sites/debraborchardt/2016/12/26/here-are-the-top-2017-predictions-for-the-marijuana-industry/#7c967cc9689a


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Cannabis Scientist Joins the Chorus of Disdain Against Monsanto

Category: News | Posted on Tue, December, 27th 2016 by THCFinder

Many watched with delight as Prop 64 was approved in California this past November. Others had mixed reactions provoked by fear that big business would sweep in and wipe out the small growers and sellers who had been steadfastly, and quietly, supplying our weed for the last several decades.

They weren’t totally wrong to be concerned; the industry is taking off like wildfire.

Take a look at the numbers: Colorado raked in nearly a billion dollars in the first 10 months of 2016. Forbes Magazine projected the cannabis market could grow 700 percent by 2020, and just about the straightest banking newsletter on earth placed marijuana as the third fasting growing industry in the country (after 3-D printing and drones!).

Read More:http://hightimes.com/news/cannabis-scientist-joins-the-chorus-of-disdain-against-monsanto/


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More Good News for Those Who Want to See Marijuana Legalized

Category: News | Posted on Mon, December, 26th 2016 by THCFinder

As 2016 comes to a close, it can arguably be described as the best year ever for marijuana. At the beginning of the year, 23 states had legalized medical cannabis, while residents in just four states had voted in favor of legalizing recreational marijuana. By year's end, five new states had legalized medical pot, and another four had voted in favor of legalizing recreational weed.

The sales figures behind pot speak volumes of how far it has come and where it's expected to head next. According to investment firm Cowen & Co., the legal pot industry is worth about $6 billion at the moment. However, the opportunities for organic growth (pun intended), as well as expansion via new state approvals, could push the legal market size to an estimated $50 billion by 2026. This would imply a greater-than-23% compound annual growth rate for the next decade.

Read More:http://www.fool.com/investing/2016/12/25/more-good-news-for-those-who-want-to-see-marijuana.aspx


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Missouri Lawmakers Introduce Two Medical Marijuana Bills

Category: News | Posted on Mon, December, 26th 2016 by THCFinder

A couple of Missouri lawmakers will be pushing once again in the 2017 legislative session to legalize a comprehensive medical marijuana program for patients living with severe health conditions.

It was revealed this week that Senators Jason Holsman, a Democrat from Kansas City, and Rob Schaaf, a Republican hailing from St. Joseph, have separately introduced legislation to be heard in the upcoming session aimed at creating a statewide medical marijuana program.

Although there are not many details available on Holsman’s proposal, a measure filed under Senate Bill 56, the brass tacks of this effort is that it would allow the state to “grant licenses for the cultivation, manufacture, distribution, and sale of marijuana for medical use.”

Read More:http://hightimes.com/news/missouri-lawmakers-introduce-two-medical-marijuana-bills/


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Authorities: ‘Godfather of Grass’ Arrested in Canada

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

LOUISVILLE, Ky. (AP) — Authorities say a man known as the “Godfather of Grass” has been arrested in Canada after eight years on the run.

The U.S. Marshals Service says authorities sought John Robert “Johnny” Boone after they seized 2,400 marijuana plants on his Kentucky farm. The agency said he was arrested Thursday when information led authorities to a small town outside of Montreal.

Boone, who is about 73, spent more than a decade in federal prison after being convicted in the 1980s in what prosecutors called the “largest domestic marijuana syndicate in American history.” They said he had 29 farms in Minnesota, Illinois, Indiana, Kentucky, Michigan, Nebraska, Missouri, Kansas and Wisconsin. The group became known as the “Cornbread Mafia,” and prosecutors said Boone was the leader.

Boone is awaiting extradition to the U.S.

Source:http://hightimes.com/news/authorities-godfather-of-grass-arrested-in-canada/


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Marijuana Dispensaries see Increased Sales During the Holidays, Just like Other Retailers

Category: News | Posted on Sun, December, 25th 2016 by THCFinder

Many consumers go into a buying frenzy around the holidays, and traditional retailers aren’t the only businesses that notice an uptick in sales during this time of year.  This is simply proof of why cannabis is better off in a regulated system since more people actually seek cannabis products out as gifts for people who they know it would be just right for.

Randa Shahin, owner/operator of Homegrown Apothecary in Portland, OR, said, “Business grows around the holidays…primarily with edibles and vape products because people need a discreet way to put up with their families. There is also an increase because of gift giving ideas.”

Read More:https://www.theweedblog.com/marijuana-dispensaries-see-increased-sales-holidays-just-like-retailers/


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