Back to school
When the Cleveland School of Cannabis began its first introductory classes on marijuana in January 2017, the facility's small staff was overwhelmed with interest from prospective students. In other words, it's been a huge success.
Is the black market alive and well?
"Market disruption" is something usually reserved for tech but it's quickly becoming a term being used for cannabis. For now, product in California is available for retail, but some brands are in short supply. But? "The black market appears to be thriving anew-invigorated by dissuasive taxes on growers, plus licensing fees and frustrations over difficulties of entering the legal economy." The plot will thicken.
On a roll
New Frontier Data's new study, Cannabis In the U.S. Economy: Jobs, Growth and Tax Revenue, 2018 Edition, forecasts that under full federal legalization cannabis has the potential to create cumulatively $105.6 billion in federal tax revenue and 1 million new jobs by 2025. And, here's a cool nugget: If full legalization occurred in all 50 states today, there would be an excess of 654,000 jobs, and would increase to 1 million jobs by 2025.
More about NECANN
Good to see you in Boston at NECANN last weekend. Big props to my co-panelists, Beth Waterfall, David Day, Sirita Wright and Holly Alberti. Don't fret if you missed the session. We'll be uploading it to our YouTube page very soon!
Headline of the week
How to make a cannabis birthday cake
It's our birthday next month (hint hint).