Marijuana legalization does not automatically equate the erasure of a decades-long underground operations, but the 'Costco of Cannabis' hopes to persuade black market consumers.
The passage of the U.S. Farm Bill was an important catalyst for allowing more people to access cannabis products.
Some reports show that the cannabis industry will employ nearly a half million people by 2021. So if you live in a state where marijuana is legalized for whatever reason, there should never be any excuse to starve.
Though financial details were not disclosed, Jay-Z will oversee outreach strategies and creative decisions at the company.
During the holiday week, legal marijuana sales jumped to $400 million nationwide, which is 60 percent above average, according to sales data.
When Bruce Linton was fired as CEO of Canopy Growth last week, it sent considerable shockwaves through the cannabis industry.
Cannabis software company Akerna Corp. said that it expects Americans will spend more on cannabis this Fourth of July than chicken for their BBQs.
Major Canadian players like Canopy will likely remain an industry leader, but its shares are trading at a premium compared to its competition.
Since Colorado adult-use cannabis program begin in 2014, the state has generated more than $6 billion in marijuana sales.