Colorado is Finally Getting its First Cannabis Club

The city of Denver granted its first license on Monday to a business that will allow marijuana use on its premises. The Coffee Joint plans to charge patrons a $5 entry fee and permit them to consume their own cannabis in edible or vapor form. Denver voters approved a measure to create a social-use pilot program in 2016. Interested businesses like cafes and art galleries must jump through several bureaucratic hurdles to apply – Read entire story

Aphria Buying Broken Coast Cannabis for $230M in Stock and Cash

Broken Coast operates an expanding indoor cannabis production facility on Vancouver Island. Licensed marijuana producer Aphria Inc. has signed a deal to buy Broken Coast Cannabis Inc., a cannabis producer on Vancouver Island, in a transaction it valued at $230 million in cash and stock. Under the agreement, Aphria will pay up to $10 million in cash with the remainder in shares based on a deemed price of $15.09 per share. "Adding one of Read entire story

Nevada Marijuana Sales Hit $27 Million in First Month

Nevada took a gamble on recreational marijuana, and it’s paying off. Dispensaries sold $27.1 million of pot in Nevada, in July alone. That's almost double what both Colorado and Oregon sold in their first months. It's almost seven times what Washington sold. Banking on weed, Nevada made $10.2 million off the fledgling industry during the first month of sales in July, according to the Nevada Department of Taxation. Of that, $6.5 million came from Read entire story

Puerto Rico Betting on Medical Marijuana

Puerto Rico is facing billions of dollars in budget cuts, a public debt load of more than $70 billion and a declining population as people flee to the mainland seeking better opportunities. But people are betting that the new cannabis industry can revert the situation. Puerto Rico — Jesus Aponte pushes a door open to reveal hundreds of aromatic, spiky green plants, a crop that Puerto Rico hopes will help it ease a grinding economic… (c) Read entire story

How Israel Plans to Get Into the $50 Billion Medical Marijuana Market

Israel, a leader in marijuana research and health technology, is attracting international investment as it tries to position itself as a cutting-edge exporter in the rapidly-growing market for medical-grade cannabis. With estimates that the global market for medical marijuana could reach $50 billion by 2025, the Israeli government is set to allow the local industry to start exporting and projects annual revenues in the hundreds of millions of Read entire story