Naming a cannabis business isn’t as easy as it sounds

So, you’re starting a marijuana business or thinking about changing the name of your established cannabis company.
Any names being considered for a cannabis business should reflect the image the company hopes its customers associate with the firm.
Choosing the right name is trickier for a marijuana brand than for a traditional company because of the illegality of cannabis at the federal level in the United States.
There’s also the stigma attached to marijuana and the fact that legalized cannabis is a relatively new market.

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In states where marijuana is legal, licensed dispensaries are pushing out drug dealers

In states where recreational marijuana use has been legalized, teens are less likely to smoke it, says a new study published in JAMA Pediatrics. Other recent studies have come to similar conclusions.

Licensed dispensaries are replacing drug dealers in these states, making it harder for teenagers who aren’t of legal age to get their hands on cannabis. However, the study did not find a decrease in teen use when only medical marijuana was legalized.

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Chart: Ranks of US banks serving cannabis firms growing, but data may overstate true number

The number of financial institutions actively banking marijuana-related businesses in the United States is rising, but the true number is far fewer than U.S. Treasury data indicates, according to one industry executive.

Data released by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) shows the number of banks and credit unions actively banking marijuana-related businesses has increased steadily, reaching 633 institutions at the end of the first quarter versus a little more than 400 at the start of 2018.

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The Midwest Is About to Have a Weed Revolution

On Tuesday, Governor J.B. Pritzker made good on one of his signature campaign promises and signed a bill bringing recreational weed to Illinois. Like recent—failed—attempts at legalization in progressive states like New Jersey and New York, the bill was framed as a “reset” of the war on drugs. Among other provisions, it was slated to expunge the records of as many as 800,000 people who have been convicted for purchasing or possessing up to 30 grams of cannabis. It also vowed to pump 25 percent of the tax revenue reaped from commercial sales into historically impoverished neighborhoods, and attempted to systematically encourage minority ownership of licensed pot dispensaries.

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The Most Important Marijuana Growth Chart You’ll Ever See

Right now, few industries offer greater long-term growth potential than the legal marijuana industry. On Wall Street, peak sales projections for the cannabis industry have come in as high as $166 billion. The analyst behind this lofty forecast, Bank of America’s Christopher Carey, also suggests that marijuana could disrupt industries that today combine for $2.6 trillion in annual sales.

It’s these estimates for rapid sales growth that have pushed cannabis stock valuation (at times) into the stratosphere. With tens of billions of dollars’ worth being sold annually in the black market, worldwide weed legalizations could easily move a majority of these sales to legal channels in the years to come. If that’s the case, even the loftiest sales projections from Wall Street over the next 5 or 10 years may be attainable.

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