Finance

High Times announced it will open two flagship retail stores offering cannabis under dispensary licenses, giving the strongest brand in the marijuana industry a new engine of growth as it prepares for a public listing.

Colorado marijuana dispensaries have set a new sales record for the sixth consecutive year, according to the state Department of Revenue.

A state-best $9.8 million in marijuana tax revenue was collected by Nevada in October, according to the Nevada Department of Taxation, which regulates the industry.

Banks are in the business of making money, and the medical marijuana industry is expected to generate a lot of it.

Statewide sales of legal marijuana totaled $19.7 million in the first 12 days, officials said.

Smoke more, drink less. That appeared to be the trend among Canadians in the first full year of legal cannabis, when beer volumes fell by 3% through November, according to data from Beer Canada.

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