The U.S. legal cannabis industry is projected to hit $25 billion by 2025, according to a recent forecast from New Frontier Data, a cannabis analytics firm. New Frontier Data released updated industry sales projections, predicting that the $8.3 billion U.S. medical and recreational marijuana industry will grow at a compound annual growth rate of 14.7 […]

Managing partner, David Lipton, of Advanced Grow Labs LLC — one of Connecticut’s four medical marijuana growing companies that survived the process of competing for a state license  and secured local zoning approvals, and outfitting a building to state regulations that are as a tough as those at any pharmaceutical manufacturer—knows his West Haven company is getting close to opening. Lipton […]

Washington reported Friday that stores within the state sold a little less than $3.8 million worth of cannabis during the first month retail sales of marijuana were legal there and that it expects to bring in more than $1 million in taxes. That is significantly less than Colorado who brought in over $2 million in […]

After 20 months in the making, legal marijuana sales begin today in Washington, making it only the second state where it is legal to buy pot without a doctor’s note. Lines started forming quickly in front of the few stores that got last-minute approval to sell. At Cannabis City, where the owner isn’t planning to open […]