$10 billion dollars
That's a "b." A new report from Arcview Market Research says retail cannabis sales will jump 33% over 2016's totals to hit $10 billion this year. They also say next year's numbers could increase by an even greater percentage.
LA joins the party
This week LA voted to approve a package of three ordinances that will govern the city's medical and adult-use cannabis industries when the state's legal market launches next year. California's state-regulated cannabis market begins Jan. 1. This would make LA the largest U.S. city for legal recreational marijuana.
SF and a cannabis public bank?
San Francisco cannabis businesses may soon benefit from a public banking system thanks to two SF supes' idea of creating a municipal bank that would both curb the city's use of large commercial banks and provide cannabis business owners with a safe banking option.
Meanwhile in Michigan
As applications for medical marijuana licenses become available in less than two weeks, the state finally released rules this week to govern cannabis across Michigan. There are many rules, it goes without saying.
The city that weeds (finally)
Dateline Baltimore... News from back home being that Maryland is tepidly joining the party. We're all in this together and we love to take a bath!
Headline of the week
U.S. pot industry: High tech, high finance, and high times
OK, we get it.