This quarterly report on the recreational marijuana business shows a vibrant and growing industry as more states legalize the drug.
Numerous stores in Colorado, Washington, and Oregon were surveyed to track how a newly legalized market develops its cost structure and product mix. Our Colorado contacts reported steady pricing and customer traffic compared to three months ago, and brought in $576 million in retail marijuana sales last year – 84% more than in 2014.
Month: March 2016
Marijuana is going mainstream fast, and so is the marijuana industry. In a time of sluggish growth, the pot business is bursting with energy.
It’s a weird mix of righteous exhilaration at the victory of the weed over the dark forces of repression (at least in some places) and people walking around with dollar signs in their eyes. But like it or not, pot is hot.
When you get supremely stoned, you’re probably not good for taking care of anything beyond a couple bags of Doritos. However, more and more doctors that specialize in medical marijuana are noticing a surprising side effect from a light buzz: Patients getting cannabis for pain management, anxiety, or chronic conditions are reporting it’s helping in the bedroom, too.
Marijuana is growing throughout the nation. States like Illinois, Nevada, Oregon, and Massachusetts are putting their medical marijuana programs in place, while garnering interest from mom-and-pop facilities and big name investors alike.
Cannabis consulting has exploded in the past few years, giving entrepreneurs in need of business and operational help more options than ever.
According to CNN, the NFL and the NFL Players Association have a staunch policy prohibiting marijuana use, but some players are asking them to reconsider it, saying pot can be used for pain relief, and possibly as concussion prevention.
Many people have been confused by the improper colloquial uses of the words hemp and marijuana, as they are often used interchangeably. Understanding the difference between hemp and cannabis begins with two primary distinctions – the scientific and the legal difference.