billion

Companies in the cannabis industry have added nearly $2 billion. in value since California dispensaries started to legally sell recreational marijuana on Jan. 1. Heartened by the reportedly long lines outside Californian dispensaries and a possible wave of legalization in other states, shares...

Marijuana stocks skyrocketed on the first trading day after California legalized retail sales, unleashing the largest legal market in the country. Thanks to the new California marijuana laws allowing recreational use for people ages 21 and up as of Jan. 1, imbibers are bombarding dispensaries...

Recreational cannabis sales are set to begin in California on January 1 – and the market is expected to haul in billions in revenue next year as dispensaries roll out across the state. A report from the cannabis industry research firm BDS Analytics estimates sales of cannabis to hit $3.7...

Canadians consumed an estimated C$5 billion ($3.8 billion) to C$6.2 billion worth of cannabis in 2015, a study by Statistics Canada showed on Monday, ahead of the nationwide legalization of recreational use of the drug next year. Using existing data sources, the study estimated there were...

Aphria Inc., a Canadian medical marijuana grower, surged after striking a deal to have its production sold through the website of a major pharmacy chain. Aphria jumped as much as 30 percent in Toronto trading Tuesday. The shares were up 15 percent at C$13.67 at 9:54 a.m. local time. The...

Cannabis reform may be coming to the European Union's most populous country as German conservatives, the Green Party and the Free Democratic Party continue their talks on forming a coalition government. Part of their discussions include an agreement on fully legalizing marijuana and selling the...

Medical marijuana was one of the "hot topics" at the recent PACK EXPO Las Vegas/Healthcare Packaging EXPO. One example: A video interview in which Presto Products Co.'s Todd Meussling discussed packaging hurdles, package types and challenges. Packaging opportunities are especially promising...

2018 looks to turn the Golden State into the greenest territory on the west coast. After the legalization of marijuana — thanks to Prop 64, adult Californians will be able to buy, grow and sell pot recreationally. This game changer will have a dramatic affect on the states economy; and the...

The New York City subway–and lots of other important stuff people rely on across the country–is in a state of brutal disrepair. Legalizing weed could help. Like so many of the trains on America's largest subway system lately, Donald Trump's infrastructure plan is mired in delays. In May...

There are some choice nuggets for marijuana fans deep in the weeds the $125 billion budget the California legislature just passed Thursday. These are called "trailer bills", little items that are rolled into the larger, omnibus budget so there is not much attention paid to them or debate about...

Twenty years after approving medical marijuana, Californians come 2018 will be able to consume it for recreational purposes, too, and the localities that have reaped the most from legal cannabis sales may be best positioned for what could be a billion-dollar windfall. Los Angeles, San...

The marijuana industry is growing like a weed, and investors have certainly taken notice. Far more marijuana stocks than not have seen their valuations double, or perhaps run even higher, over the trailing 12-month period. Why are marijuana stocks in such high demand? Look no further than...

Marijuana is legal in eight states and the District of Columbia, and medical marijuana is legal in nearly 30 (although often under quite restrictive regulatory schemes). Between the two, legal weed is generating total annual sales of between $4 billion and $4.5 billion. But legal marijuana...

In case you've been living under a rock, the marijuana industry, and stocks associated with marijuana, have been on fire. The success of weed businesses and marijuana stocks are a direct result of a shift in public opinion toward cannabis, and a softening stance among select state governments...

U.S. consumers will spend somewhere between $5 billion and $6 billion on legal marijuana in 2017, according to a new report released this month. By 2021, that number could reach a staggering $17 billion. The numbers come courtesy of the Marijuana Business Factbook 2017, issued in May by...

The marijuana industry is growing so fast that if the government legalized it nationally it would outsell ice cream. A new report from Marijuana Business Daily has calculated that the estimated total demand for marijuana, including the black market is around $45 billion to $50 billion. Annual...

Senate and House Democrats will recommend the legalization, licensing and taxation of marijuana sales in Connecticut to help balance the next state budget, sources close to the caucus told The Mirror. Democratic legislative leaders are expected to release proposals later today to help close a...

With two marijuana stocks already sporting market caps over $1 billion, one of these four pot stocks is likely next. Both the marijuana industry and marijuana stocks are seemingly unstoppable at the moment. When it comes to the marijuana industry, sales in the North American market grew by...

In the 28 states and the District of Columbia where marijuana use either for medical or recreational purposes is legal, state tax collections on legal retail sales is expected to reach $2.3 billion by 2020. That's growth of more than three times expected 2017 tax collections of around $745...

The latest gaze into the crystal ball puts the U.S. marijuana industry north of $24 billion by 2025. New Frontier Data, a cannabis market research and analytics firm, gave The Cannabist a first look at its 2017 annual report, which aims to track the long-term potential for the industry. The...