The 2012 elections witnessed the first two states to legalize recreational use of marijuana in Colorado and Washington.
Since then, other states have taken action toward legalization and most polls now show more than half of Americans in favor of legalizing recreational use of marijuana and regulating it similar to alcohol and tobacco.
While federal legislation legalizing the use of marijuana may be a few years away, the tide has clearly turned in its favor. This could have huge implications in business and specifically the stocks of companies that stand to benefit from pot legalization.
Read More here –
For the nascent marijuana industry in Colorado and Washington there is a lot riding on a meeting Thursday in Washington, D.C., of an obscure financial-watchdog group.
It’s been three months since the federal Department of Justice (DOJ) announced it would let voter-approved legal pot laws in those two pioneering states proceed. And once that signal was given, all key parties acknowledged the next big challenge: getting banking services to pot merchants so they won’t have to conduct all their business in cash.
Read more here – http://blogs.seattletimes.com/today/2013/12/progress-is-possible-in-pot-banking-dilemma/
An awesome article on Cannabusiness from International Business Times
Here is a link to our online newspaper “The Cannadvertising Daily”
There are always interesting stories every day surrounding “Cannabusiness” and other related markets.