Finance

Denver-based MassRoots lays off staff, defaults on debt – Cannabis News

Denver-based marijuana social networking company MassRoots Inc. has laid off more than 40 percent of its staff and has defaulted on its debt, according to filings with the Securities and Exchange Commission this week.

Colorado sets record with $117M in weed sales for April – Cannabis News

Colorado marijuana shops sold almost $76.6 million in recreational cannabis for April 2016.

Marijuana Price Slips to $2,023 per Pound – Cannabis News

For the week ended Friday, June 10, the spot price index for a pound of cannabis decreased 3% from $2,086 in the prior week to $2,023.

Task force looks at energy, water use related to marijuana production – Cannabis News

A task force in Oregon, studying energy and water use associated with marijuana production, is likely to recommend that the state do more to educate growers about existing agricultural rules and practices, as well as back a certification process that encourages Oregon's new industry to pay closer attention how it uses natural resources.

Marijuana sales tax revenue huge boon for Colorado cities – Marijuana News

From small towns that barely dot the map to the state’s largest urban areas, revenue from retail marijuana sales is helping communities address homelessness, send children to college, patch potholes, secure water rights and fund an array of projects.

Cannabis By The Numbers: How Much Money Will States Bring in From Marijuana in 2016? - Marijuana News

Nationwide marijuana legalization could produce up to $28 billion in yearly tax revenue a new study found.

O.penVAPE Makes Formal Proposal for Naming Rights at Denver’s Mile High Stadium – Marijuana News

Today, O.penVAPE, a Colorado-based manufacturer of vaporizer devices, cartridges and other marijuana-related products, is announcing that it has "submitted a proposal to partner with the Metropolitan Football Stadium District, home of the Denver Broncos, to sponsor Denver's landmark stadium."

How Retail Lows Could Lead To Marijuana Highs – Marijuana News

Could failing retail businesses provide the cannabis and warehouse industries with an unexpected spark?

Vermont's Third Hemp-Growing Season: More Acreage, New Products – Marijuana News

Farmers have started planting Vermont’s third hemp crop. Though their numbers are few, the acreage devoted to hemp has significantly increased this year, as has the direction of the state’s fledgling hemp industry.

Washington State marijuana sales surpass $1 billion – Marijuana News

SPOKANE, Wash. – Marijuana sales in Washington continue to rise nearly two years after recreational marijuana became legal in the state.


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