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State lawmakers in both parties are pushing to open the cannabis industry to out-of-state investors, a move that would align Washington state with the rest of the West Coast.

Since 2017, legislation to lift Washington’s six-month residency requirement for investors has faced push-back from small business owners — including Seattle’s Uncle Ike’s — who say the industry would be flooded with big money, leading to consolidation and the death of locally owned craft cannabis stores.

That rate is significantly higher than key segments of the nation's economy.

The growth in the contribution of cannabis to gross domestic product (GDP) eclipsed every major category of the Canadian economy in November 2019. That's according to data compiled by Statistics Canada, the federal government's official statistics agency, in an update published on Friday.

The European cannabis testing market is estimated to grow with a CAGR of 10.8% from 2018-2025.

The growth of the cannabis testing market is primarily attributed to the European government funding cannabis education for doctors, and the increasing demand for research activities for cannabis quality.

Marijuana has been legal in California for the past two years. However, the state is still struggling with rising black market sales. Despite marijuana being legal in the state for quite some time, local cannabis businesses face challenges.

Modifications to law would eliminate blister pack requirement, decriminalize previous medical users, sponsor says

A new bill expected to roll out during this legislative session would again modify Utah’s medical marijuana law, changing a controversial form of packaging and decriminalizing previous medical users.

Don't neglect the business of managing these four key areas - or you may see your dreams of entrepreneurship go up in smoke.

The U.S. cannabis market enters 2020 with plenty of catalysts for higher sales and better profits for industry participants. One of the primary ways to benefit from immediate growth in the sector is via state level approval of medical or recreational cannabis sales while the Federal government slowly pushes towards eventual Federal approval.

Marijuana companies’ earnings and stock performance were highlights in 2019. There was hope that 2019 would be a good year for the sector. Canada legalized recreational marijuana in 2018. However, the industry missed the expectations, which concerned investors. Most of the big cannabis players continued to report dismal performances in 2019. Analysts tried to understand the disappointing performances. Overall, many analysts think that marijuana companies are bad at forecasting.

They say it grows like a weed, and according to the chief executive officer of Denver-based Physical Commodities Exchange (PanXchange), the over-the-counter exchange that sets the price for hemp, there is a huge surplus.

The surplus is significant enough to have dropped the per pound price from $40 in July 2019, to around $10, currently.

The Virginia Senate advanced a bill that would decriminalize possession of marijuana.