Cannabis News

In July, to commemorate their first anniversary, a Colorado couple in their 30s wanted a treat that would help them extend the high of their special day: custom gold-foil-tipped marijuana cigars.

California's cannabis excise tax generated only $74.2 million in the second quarter of 2019, the state says, announcing numbers that are short of projections that were set months ago. It's the latest sign that the country's largest marijuana market has struggled to take off since sales of recreational pot became legal last year.

Nevada’s cannabis industry has broken a record for tax contributions — more than $100 million in revenue has been collected from dispensaries, cultivators, laboratories and producers in the fiscal year that just ended.

Other countries are passing laws to permit the production, import and export of medical marijuana but Colombia has a leg up because it did so three years ago.

True, the industry has not been a big adopter of new technologies. However, this should change soon as investors pour billions of dollars into the space.

No matter what your preference, you can say "I do" with your best bud with customized cannabis, and no, they don't charge by the ounce.

Recent News Articles

Saturday August 24

California Says Its Cannabis Revenue Has Fallen Short Of Estimates, Despite Gains

in U.S. News

by Mike Fuller

California's cannabis excise tax generated only $74.2 million in the second quarter of 2019, the…

150 hits

Saturday August 24

CBD Companies Positioning Themselves For Cannabis Legalization

in Cannabis News

by Mike Fuller

Recreational cannabis use is illegal in the majority of US states, but the relaxation of…

597 hits

Monday August 26

DEA Announces It Will Finally Take Action On Marijuana Grower Applications - Cannabis News

in Politics

by Bruce Kennedy - Editor in Chief

The Drug Enforcement Administration (DEA) announced on Monday that is is taking steps to expand…

124 hits

Monday August 26

How much pot in that brownie? Chocolate can throw off tests - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

Chocolate can throw off potency tests so labels aren’t always accurate, and now scientists are…

142 hits

Monday August 26

Former Red Wing Darren McCarty joins marijuana company, says pot saved his life - Cannabis…

in Sports

by Bruce Kennedy - Editor in Chief

Since becoming a leading voice on marijuana, claiming the plant saved his life from certain…

134 hits