Here comes Washington
According to research firm ArcView, "legal marijuana sales totaled more than $709 million in 2015 in Washington state, or growth of more than 30 percent over the previous year." ArcView estimates national sales of marijuana totaled $5.7 billion in 2015, an increase from $4.6 billion in 2014. It'd be interesting to see what effect legalization in Oregon has had in sales in neighboring Vancouver.
Snack alert: Weed surpasses some of our fave munchies
If you take the $3.4 billion of legal weed that was sold in the U.S. last year and compare that figure with some of the leading food brands, weed comes up on top. DiGiorno? Girl Scout Cookies? Oreo? Pringles? Not even close. Check out the chart here.
Oregon greenlights edibles
Oregon's governor this week signed a bill that "allows anyone 21 and older to purchase marijuana extracts and pot-infused edibles from Oregon dispensaries." It's part of Senate Bill 1511 that will also allow "recreational pot shopsto sell tax-free medical marijuana to patients."
GreenBiz of the week: Nano-Cannabidiol
1PM Industries, Inc.'s Nano-Cannabidiol (Nano-CBD) product line are ion-sized nutrients of CBD that are encased with water molecules. Due to their incredibly small size, nano-particles ingested in food and water are fundamentally different and can move throughout the body in advanced ways through cells' membranes. Typically, only 7-10% of CBD ingested is absorbed and used by the body. However, nanotechnology allows the body to absorb up to 95% of the CBD. The Company is also working on developing a CBD gummie product using the Nano-CBD as well. The gummies will be all-natural, non-GMO, gluten and dairy free edibles that have no high fructose corn syrup, no artificial sweeteners, colors or flavors.