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  1. The marijuana industry could be bigger than the NFL by 2020

    23 October 2014
    Other news

    A report from Greenwave Advisors, a "comprehensive research and financial analysis for the emerging legalized marijuana industry," projects that legal cannabis could be an industry with revenues of $35 billion by 2020 if marijuana is legalized at the federal level. To put that figure in perspective, $35 billion represents more annual revenue than the NFL (currently $10 billion), and is roughly on par with current revenues for the newspaper publishing industry ($38 billion) and the confectionary industry ($34 billion).

  2. Fear of cannabis commerce didn't, won't and shouldn't stop legalization

    05 November 2014
    Other news

    Three marijuana legalization initiatives were on the ballot this week, and all three won. That’s a better outcome than I was expecting. I was surprised when voters in Colorado and Washington approved legalization two years ago, and I was surprised again when voters in Alaska, Oregon, and Washington, D.C., followed suit. Partly that’s because, after 25 years of advocating drug legalization (along with various other unpopular positions), I am accustomed to losing. But it’s also because I had looked at the polling data.

  3. washington-state-liquor-control-board

    Groups seek to influence new rules for growing, selling pot

    05 January 2013
    Other news

    The Washington state Liquor Control Board (LCB), charged with launching the world's first regulated marijuana market for social use, expects to begin accepting applications for grower licenses April 17, with the first licenses to be issued in May 2013. State-licensed marijuana stores won't open until at least December, after marijuana-processor and retail licenses are issued. But several groups already have hired veteran lobbyists to influence the LCB, with business interests keenly aware of the potential.

  4. wall-street

    Wall Street sees opportunity in marijuana

    22 March 2013
    Other news

    A number of businesses in the burgeoning U.S. cannabis industry are trying to enlist Wall Street's help. Some entrepreneurs see marijuana heading down the same path as Prohibition, which banned the manufacture, transportation and sale of alcohol from 1920 until it was repealed in 1933. "More and more people see the inevitability," said Brendan Kennedy, chief executive of the Seattle private equity firm Privateer Holdings, which targets cannabis-focused start-ups. "They see that the Berlin Wall of cannabis prohibition is going to come down."

  5. Stir it up: Bob Marley to headline corporate cannabis brand

    17 November 2014
    Other news

    The Marley family and a Seattle-based private equity firm announced the creation of Marley Natural, "a premium cannabis brand rooted in the life and legacy" of one of marijuana’s most devoted sons. Marley Natural will look like a modern consumer product, cleanly packaged and marketed with the help of the same agency that branded New Balance and Starbucks Coffee. The cannabis will be sold as "loose packed" buds, oils or concentrate. "This is what the end of prohibition looks like," said Brendan Kennedy, CEO of Privateer Holdings, which owns Marley Natural. (See also: Riding high: Is pot poised for a (legal) business boom | Marley Natural: The weed that manages to sell out both Bob Marley and Jamaica)

  6. The Marlboro of marijuana

    07 November 2014
    Other news

    Would household names really consider selling cannabis? They already have. In 1969 a Philip Morris executive wrote to the Justice Department, requesting a sample of marijuana for testing. In 1970 British American Tobacco put together a blueprint for a “cannabis-loaded cigarette”. Cannabis is certainly controversial. But then so is lung cancer. It may well be that the executives best placed to make a mint from marijuana, once it is fully legal across America, are the Marlboro men themselves. (See also: The legalisation of marijuana isn't just about liberal values - it's about dollars)

  7. Is ‘Big Marijuana’ inevitable?

    18 November 2014
    Other news

    It looks like the use of recreational marijuana is heading down the path of legalization across the country. Voters in Alaska, Oregon and the District of Columbia approved legalizing measures on Nov. 4, but with key differences. Some say a profit-driven model for legalization runs the risk of increasing marijuana use, while others argue that a regulated market is the best way to keep use safe for consumers. What’s the right approach to legalizing recreational marijuana?

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