by adminTorusBrand | Jul 7, 2016 | Business
The legal marijuana industry could be worth $44 billion by 2020, according to a new industry publication. The recently published 2016 Marijuana Business Factbook estimates that the United State’s legal marijuana industry will add $24 billion to $44 billion annually to...
by adminTorusBrand | Jul 7, 2016 | Business
Farmers in nearly 30 U.S. states are cultivating hemp for research, pilot program, and commercial purposes. Over recent years, legislatures in several states have helped expand the cultivation of industrial hemp throughout the United States. While hemp is still...
by adminTorusBrand | Jul 6, 2016 | Business
The state of Oregon collected nearly $15 million in tax revenue from $60 million in recreational marijuana sales between January and May 2016. Although adult use sales began last fall, the state only began applying a sales tax since the start of the year. Oregon...
by adminTorusBrand | Jul 5, 2016 | Business
A new report from researchers at The Brookings Institution concludes that “Big Marijuana,” or that massive special interest groups and lobbies are taking over the cannabis industry, shouldn’t be a big concern. Two researchers from The Brookings Institute...
by adminTorusBrand | Jul 5, 2016 | Business
For Colorado, the month of April brought record-breaking marijuana sales and tax revenue. Colorado once again broke its record of monthly cannabis sales, selling a total of $117.4 million of edibles, concentrates, and marijuana flower in the month of April. The...
by adminTorusBrand | Jul 3, 2016 | Business
Once an agricultural staple in the U.S., hemp has the potential of returning and making a significant mark on the country’s commercial market. With attitudes regarding marijuana shifting and cannabis laws loosening throughout the country, the cannabis market is...
