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 […]

Colorado’s governor signed into law on Friday a measure to create the nation’s first state-run marijuana financial cooperative, potentially giving newly legalized cannabis vendors access to banking services through the U.S. Federal Reserve. The bill signed by Governor John Hickenlooper permits the creation of so-called “cannabis co-ops” – similar to credit unions without deposit insurance […]