Sentences with phrase «recreational marijuana business»

Two documents, totaling more than 230 pages and issued by the Marijuana Enforcement Division, a branch of the Colorado Department of Revenue, spell out the rules for medical and recreational marijuana businesses.

The 04/20 Holiday is generally a time when you see heightened visibility, and an influx of sales for recreational marijuana businesses.

Not exact matches

«There are a few wineries setting up very large recreational grows right now,» said Brent Kenyon, of the marijuana consulting business Kenyon & Associates, based in southern Oregon.

The legalization of recreational marijuana in Canada has been a gold rush, with firms racing to prepare for what could be a multi-billion-dollar market when it opens for business later this year.

Billions of dollars are expected to flow through California's legitimate marijuana industry next year when recreational pot becomes legal, but most of those businesses won't be able to use banks.

By virtually every measure, prohibition of cannabis with high THC commonly known as marijuana and the variant with no recreational drug potential commonly known as hemp has cost the U.S. economy billions of dollars in missed business opportunities and wasted resources spent unsuccessfully fighting the so - called war on drugs.

Licensed and regulated pot shops are doing a booming business in Colorado after voters approved recreational marijuana use.

Marijuana became legal for recreational purchase and use in Colorado on the first of this year, and adult - use facilities are doing a booming business.

Because large facilities are needed to grow and store marijuana — and because local laws often limit where such businesses can be located — industrial warehouse owners have seen rental rates spike in areas where medical and recreational marijuana is legal.

With legislation to legalize recreational marijuana use in the works, producers and supplementary businesses are preparing for a new era in the pot market.

The legal recreational marijuana market opens for business in California on January 1st.

Proposition 64 legalized the recreational use of marijuana for adults aged 21 years or older, permitting smoking in a private home or at a business licensed for on - site marijuana consumption.

The announcement that the U.S. Department of Justice would no longer adopt a «hands - off» approach to states that have legalized marijuana use initially sent some in the industry into a tailspin, just days after the $ 7 billion California recreational weed market opened for business.

SAN FRANCISCO (AP)-- This week's announcement that the U.S. Justice Department was ditching its hands - off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California's $ 7 billion recreational weed market opened for business.

The Cole Memo also made it possible for recreational marijuana organizations to operate like other businesses.

In order to better accommodate individual community concerns, the bill has a provision that will allow municipalities to ban businesses dealing with recreational marijuana if the community calls for it, much like «dry» towns.

By legalizing recreational use of marijuana, according to the provisions of Krueger's bill, the revenue earned from marijuana - related businesses can be funneled back into the communities that bore the impact of criminalization.

Boosters of the state's fledgling medical marijuana industry are optimistic the business could grow in New York after nearby states approved recreational use laws last Tuesday.

On 1 January, California became the eighth state to legalize marijuana for adult recreational use, which many believe ultimately has a much larger business potential — despite recent headlines about its complicated legal status.

«I think it's going to get more and more prevalent as more states across the country start legalizing [marijuana], because it's a big business, and there's a lot of push to legalize recreational marijuana use,» Johnson said.

December 2, 2014 • In the year since Colorado made recreational marijuana legal, pot has become a billion - dollar business in the state.

News that the federal government appears to be poised to legalize recreational marijuana use by July 1, 2018 is having an impact on the markets — and a welcome development for lawyers who work with clients involved in related businesses.

Seven states so far have legalized cannabis for recreational use and medical marijuana is legal in 21 other states, but federally - funded banks can not serve the needs of cannabis - related businesses, because it is still an illegal drug under federal law.

As more and more states legalize the medical and / or recreational use of marijuana, demand for cultivation / grow facilities is on the rise, spurring the repurposing of distribution and warehouse properties to accommodate the budding business.