Finance

Steve DeAngelo at a protest in Oakland. Image: Glenn Halog Via Flickr

Do Cannabis Entrepreneurs and Big Business Actually Need Each Other? – Marijuana News

Cannabis entrepreneur and activist Steve DeAngelo long hated the idea of corporations entering the marijuana industry. But today, DeAngelo thinks partnerships with these giants are crucial for the success of the industry.

A 1,000-watt bulb, Image: Matthew Staver, Bloomberg

As Pot-Growing Expands, Electricity Demands Tax U.S. Grids – Marijuana News

Pot’s not green. The $3.5 billion U.S. cannabis market is emerging as one of the nation’s most power-hungry industries, with the 24-hour demands of thousands of indoor growing sites taxing aging electricity grids and unraveling hard-earned gains in energy conservation.

Image: Budandbreakfast.com

Colorado Marijuana Tourism: Cannabis Tours, Bud Hotels Popular With Visitors, But State Won't Market Legal Pot To Travelers – Marijuana News

Nearly two years after recreational pot sales became legal across the state, state tourism officials have continued to downplay Colorado's weed tourism, with some officials going as far as to deny the lure of cannabis culture — against all evidence.

Downtown Denver and Mount Evans. Image: Bryan Simmons via Wikimedia Commons

Marijuana has huge influence on Colorado tourism, state survey says – Marijuana News

A recent Colorado Tourism Office survey of summer travelers shows 48 percent were influenced by legal recreational pot.

Image: Bobby Yip, Reuters, via Philly.com

Philly420: Merrill Lynch is bullish on marijuana – Marijuana News

The investment arm of Bank of America, Merrill Lynch, sent out a 45 page equity report last week focused on prospects related to marijuana. Carefully researched, it was an interesting peek at how heavy hitters on Wall Street are starting to view the expanding industry.

A laboratory analysis of GW Pharmaceuticals' cannabis samples of Sativex. Image: PA via   Telegraph.co.uk

Cannabis specialist GW Pharma ramps up capacity ahead of key drug approval – Marijuana News

GW Pharmaceuticals, which makes drugs derived from the cannabis plant, is scaling up its manufacturing capacity ahead of an expected approval of a new treatment for children with life-threatening epilepsy.

Philadelphia skyline. Image: Andrew Kelly via Wikimedia Commons

Could Philly become the next cannabis capital? - Marijuana News

With the cannabis industry booming in states like Colorado, Washington and California, it may be surprising that a new startup has decided to take root in Philadelphia.

Image: Health Sciences and Nutrition, Commonwealth Scientific and Industrial Research Organization (CSIRO) via Wikimedia Commons

Why the Biotech Market is Looking to Cannabis for the Future – Marijuana News

It’s possible that there has been no greater contributor to the cultural shift currently occurring around cannabis use in North America than the growing understanding of its medical applications.

Dozens line up in bitter cold weather outside The Grass Station in Denver, ahead of the store’s Black Friday sales. Image: WeedWorthy.com

Pot shop owners seeing green on Black Friday – Marijuana News

Not to be outdone by much larger national retailers, Denver’s cannabis merchants are rolling out Black Friday deals of their own.

Turkish coffee. Image: Vouliagmeni via Wikimedia Commons

Cannabis Coffee Makers are Hoping to Become Bulletproof 2.0 - Marijuana News

A new wave of legal-weed entrepreneurs wants to put the dope in your doppio. And the potential profits from a mashup of coffee and caffeine are, well, high.


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