According to ArcView Group, the legal U.S. cannabis industry was worth $1.5 billion in 2013 and is forecasted to reach $2.6 billion by the end of 2014 and $10.2 billion by 2018. So why aren't institutional investors adding their capital to this positive growth trajectory?
At 76 years old, Chong is adding entrepreneur to his resume as he launches a namesake new line of medicinal marijuana called CHONG STAR and is also releasing Tommy Chong's Smoke Swipes which instantly rids clothes and hair of smoky smells from cigars, cigarettes and cannabis.
This is a huge victory -- one that has taken 13 years to win. For the first time, Congress is cutting off funding to federal medical marijuana raids and saying no one should be arrested for complying with their state's medical marijuana law.
Just when you thought the influence of big money in politics hit a fever pitch this year with our $4 billion midterm, our lawmakers snuck in a closing reminder that money reigns supreme in Washington.
Residents will get a chance to testify Tuesday on whether the Anchorage Assembly should vote to ban commercial marijuana facilities in Alaska's largest city.
How do bad laws get made? Quickly, for the most part. No, that's not a joke. The worst laws nearly all have one thing in common: They are rushed through very quickly, usually because Congress is facing some self-imposed deadline.
I think that our latest election (and the discourse leading up to it) has shown that pot is quickly becoming less polarizing in the political world. In fact, it's one of the only things that the parties seem to agree on.
Big Marijuana already exists -- it's also called the Black Market. Public concern over a large, unregulated, socially irresponsible marijuana market is, and should be, argument number one in support of marijuana's legalization.
By Olivia Cueva Photo: Kym Kemp Humboldt County, California sits along the coast about 200 miles north of San Francisco. It's not just kno...
In the wake of the big election victories on November 4, many people are asking, "What's next for the push to legalize marijuana in the United States?"
It's that magical time of year when the wee folk of Capitol Hill actually get something done. These brief bursts of activity only happen very rarely, of course, and always immediately proceed another one of the many, many long vacations Congress takes during the year.
Rarely do politicians or political parties offer a coherent framework for deciding when a higher level of government should preempt a lower level of government, or when individual liberty trumps state regulation. Which makes Alaska so refreshing and instructive.
This is a development to watch - and one with many upside opportunities. But right now it feels like a green rush, so be careful you don't get caught up in the weeds.
It's been a long time coming, but finally some of the national interest and enthusiasm for drug policy reform is beginning to trickle down to Texas.
Even if legalization for adults does not affect teenage use, it does present an opportunity to re-think our approach to drug abuse prevention and education -- both in school and at home.
There's a reason that almost all medications carry warning labels and why medical doctors and pharmacists discuss ways to reduce dependency risk with their patients. We see no reason why the cannabis industry should not follow suit.