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And that’s the low estimate.

The following is excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.

The industry employs between 100,000 and 150,000 Americans according to the Marijuana Business Factbook. Ancillary businesses that don’t touch the plant account for about 40 % of jobs.

In Massachusetts, cities are awarding recommendations for state licenses to dispensaries that promise payments in return.

Canada’s Canopy Growth Corp. will list on the Toronto Stock Exchange, the first cannabis producer to trade on a major exchange. It also announced plans to start selling MED in Germany.

The IRS is auditing 30 Colorado pot companies, mainly related to large cash deposits. (Cannabis companies still struggle to find bank accounts.) Criminal charges may follow.

Lots from New Cannabis Ventures: Social network MassRoots is launching a dispensary finder to compete with Weedmaps and Leafly. Ackrell Capital, the investment bank, is starting a cannabis business accelerator called Cannavator in Oakland. Nationwide there are at least three others. Canadian grower Aphria raised $25M.

NCV founder Alan Brochstein is skeptical of Cultivation Technologies Inc. which has a big project planned in Coachella, Calif. A guest post at the site recommended that companies create budget brands for lower income customers.

Gateway incubator co-founder Carter Laren says start-ups still confront the “ghost of Nancy Reagan.”

Data firm Headset determined that the average user in Washington state spends $647 on legal cannabis per year. Marketwatch has more data from the study.

An investor is suing California edibles company Altai for spending his cash on private jets, luxury hotels and personal legal bills.

The publishing industry is putting out a slew of weed books, including the Complete Idiot’s Guide to growing.

Entrepreneur spotlights the industry in Boulder. Despite difficulties in Pueblo, Colo., businesses continue to invest big there.

A British Airways flight turned around shortly after departing London due to an unexplained cannabis smell.

The question of use by women who are expecting heats up.

Excerpted from the newsletter WeedWeek. Get your free and confidential subscription at WeedWeek.net.

A study suggests that cannabis use during pregnancy affects brain development. More Colorado newborns are testing positive for THC.

Thirty-three were hospitalized in Brooklyn, for suspected synthetic cannabis (“K2”) overdoses in the area around a subway stop.

The National Institutes of Health sent out a request for information about varieties of marijuana and their possible research value.

Check out this chart which illustrates last week’s remarkable finding that drug prescriptions are falling in MED states.

Project CBD published a CBD Users Manual. It’s one of the better ones I’ve seen.

Cannabis allergies are climbing.

The big move by Scotts Miracle-Grow into cannabis is dividing the industry.

Buzzfeed makes the case that Facebook and Google’s cannabis policy enforcement is a mess.

The U.K.’s GW Pharmaceuticals which has seen its stock soar on data from its cannabis-based drug Epidiolex, plans to raise $252 million on the Nasdaq exchange with Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch shepherding the deal.

Business attorney Hilary Bricken lays out  six weed scams  for investors and others to watch out for.

Compliance at Millennium Bank, a community bank in Des Plaines, Ill. is reportedly under scrutiny from state and federal authorities for working with marijuana companies.

Whitney Hobbs, a founder of Oregon distributor Highly Distributed, has sued CEO Christopher Mallott for sexual harassment that led to her departure from the company. She says he groped and smelled her. The company declined to comment but an employee refuted Hobbs’ claims.

Cannabis sales continue to climb in Colorado and support the state’s economy. See here for more.

A glimpse of the future? A group of Colorado’s largest craft breweries, led a break-up of the Colorado Brewers Guild to form a new group called Craft Beer Colorado. The split follows an overhaul of state alcohol laws.

Analyst Alan Brochstein writes that Canada’s pot policies make more sense than America’s.

Former NORML head Allen St. Pierre joined a publicly-traded consultancy called Freedom Leaf.

 

The Stoner Blog

 

Worth Repeating
 
By Ron Marczyk, RN
 
Alcoholism and suicide kill more police officers than on the job violence!
Could substituting marijuana for alcohol use greatly decrease rates of burnout, alcoholism, suicide, depression and divorce, domestic violence and PTSD among the nation’s police officers? Police have on average life expectancies 10 years less than the average person; they also kill themselves at higher rates than the average American.
Marijuana is an exit drug for alcohol abuse and is also “an anti-suicide medicine.”
So why not allow police officers to use the safest recreational drug known to science?