Congress Is Weighing New Banking Laws That Could Light Up the Pot Business

These are high times for the American cannabis industry. Recreational marijuana is now legalized in 10 states and the District of Columbia, and myriad products containing non-psychoactive cannabidiol (CBD)–think CBD-infused skin creams, protein bars and kombucha–have found their way to storefronts across the nation. But when it comes to receiving the kind of banking services […]

Walgreens to Clear Shelf Space for CBD Products in 1500 Stores

One week after CVS said it would start selling products with the cannabis compound CBD in some of its stores, drug-chain Walgreens Boots Alliance said it would sell CBD-based sprays, creams, and patches in 1,500 stores throughout nine states. The move, first reported by CNBC, will offer cannabis-based products in nine states that have legalized […]

Seth Rogen and Evan Goldberg Are Developing a New Cannabis Brand With Canopy Growth

Actor, writer, and producer Seth Rogen has teamed up with his long-time partner Evan Goldberg on a new cannabis company. Dubbed Houseplant, the marijuana company is being developed in partnership with Canadian cannabis company Canopy Growth. In a statement, Rogen and Goldberg said that Houseplant cannabis was developed after years of research and its first […]

CVS Pharmacy Will Begin Selling CBD Products in Stores Across 8 States

CVS Pharmacy is jumping on the CBD bandwagon. The company said in a statement to CNBC on Wednesday that it’s now selling cannabidiol (CBD) products at locations across eight states, including Alabama, California, Colorado, and Maryland, among others. The company is selling everything from lotions to sprays and said that it’s only working with CBD […]

Jelly Belly Creator Hopes CBD Edibles Will Be His Next Magic Beans

David Klein, a confectioner often credited with creating the popular Jelly Belly candy, has launched a line of jelly beans infused with CBD, a non-psychoactive compound found in cannabis plants. Klein announced the new CBD candy on Instagram. His company, Spectrum Confections, sells CBD beans in 38 flavors, along with a set of 7 sugar-free […]

Make Marijuana Legal? Gen X, Millennials, and Generation Z Say Yes. Most Boomers? Nope

There continues to be a substantial push toward the legalization of marijuana in the United States. Across demographic groups, all but one generation of Americans support the legalization of cannabis, according to a Quinnipiac poll released Wednesday. The only group not ready to let everyone legally light up? Adults over 65 years of age. Only […]

CBD Market Could Reach $16 Billion by 2025, New Analysis Finds

Nearly 7 percent of Americans are already using cannabidiol (CBD), placing the potential market opportunity for the much-hyped cannabis compound at $16 billion by 2025, according to a new analysis by Cowen & Co. Cowen’s January consumer survey of approximately 2,500 adults found 6.9 percent of respondents use CBD as a supplement. “This initial response […]

Cannabis May Pose a ‘Long-Term Risk’ to the Alcohol Industry

The legal marijuana industry could emerge to become one of the biggest threats to the multi-billion dollar beverage alcohol business, according to a new report from a top analytical firm. The IWSR, the leading source of data and intelligence on the alcoholic beverage market, says a growing number of consumers, especially millennials, are showing a […]