News & Commentary

The First Big Company to Say It’s Serving the Legal Marijuana Trade? Microsoft.

June 16, 2016

By NATHANIEL POPPER JUNE 16, 2016, New York Times David Dinenberg, the founder and chief executive of Kind: “Every business that works in the cannabis space, we all clamor for legitimacy.” As state after state has legalized marijuana in one way or another, big names in corporate America have stayed away entirely. Marijuana, after all,…

Marijuana Economy May Hit $44 Billion by 2020

March 15, 2016

The weed business is booming. In its annual report on the U.S. cannabis industry, Marijuana Business Daily predicts up to $44 billion in economic impact by 2020. To put that into some corporate context: it’s roughly equivalent to the current market cap of Netflix (NFLX) or Caterpillar (CAT). Last year’s report predicted $14 billion to…