Two years after legalizing recreational marijuana in the state, Colorado is nearing another milestone: 3,000 business licenses for pot.

The number of marijuana business licenses has increased by about 70 percent in the two years since recreational marijuana was legalized in Colorado.

A professor at The University of Denver has spent a lot of time in 2016 compiling data about Colorado's marijuana industry.

His main finding is that active marijuana business licenses are at the highest number they've ever been – 2,913 – as of Dec. 1, 2016.

Assistant Professor Paul Seaborn of DU’s Daniels College of Business says the majority of those licenses are for medical marijuana businesses.

Colorado has approved another round of marijuana research. The projects range from one year to three years of study.

Dr. Sara Qualls at the University of Colorado Springs is heading one of the studies. Dr. Qualls is a professor of Psychology and of Aging Studies along with the director of the Gerontology Center. Dr. Qualls' study focuses on Older Coloradans and Marijuana: A Public Health Problem or Policy Alternative.

The state Department of Public Health and Environment awarded $2.35 million in grant funding for a total of seven research studies looking at potential public health and safety impacts of marijuana use. The grant was announced Tuesday.

This holiday season, your loved ones may be gifting ganja rather than wine.

2016 was a landmark year for activists fighting to end prohibition. Seven states voted to legalize marijuana, and the industry is expected to close in on $21 billion in revenue by 2020.

In a small number of states, including California, it's legal to gift up to an ounce of cannabis to adults over the age of 21, if the product doesn't cross state lines or require shipping. The laws vary by state, and you should check the rules in your area before spreading cannabis-cheer.

We rounded up 14 of the most beautiful marijuana-related products, from trendy one-hitter pipes to weed-laced glazed pecans — all under $100. Tis the season!

Hoping to preserve its marijuana law under the next president, Colorado is planning a slate of legislation designed to crack down on marijuana that is grown legally but then sold on the black market.

The goal is to cut down on complaints that Colorado’s liberal allowances for growing marijuana without a license has created a thriving network of illegal growers. Colorado allows medical marijuana patients to grow up to 99 plants, far beyond other marijuana states, and it also allows recreational users to group their allotted six plants into massive co-ops, entire greenhouses of pot that aren’t tracked or taxed.

Two years after legalizing the use of marijuana in the state, Colorado’s cannabis shops hit a new milestone. In the first 10 months of 2016, weed stores in the state have reached $1 billion in legal, regulated sales of the drug.

According to the October data from the Colorado’s Department of Revenue, the state, which was the first in the country to have legalized cannabis use, has sold nearly $1.1 billion worth of marijuana and marijuana-related products.

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A new market report by University of Denver’s Daniels College of Business Assistant Professor Paul Seaborn finds that active marijuana business licenses in Colorado have hit an all-time high of 2,913 as of Dec. 1, 2016. Each state license issued by the Colorado Marijuana Enforcement Division grants the holder permission to operate a marijuana store, cultivation facility, manufacturing facility or testing facility at a specific location.

Legal weed in the U.S. is impacting beer sales, according to a report.

Marijuana legalization is proving to be a downer for breweries in Colorado, Oregon and Washington.

A new report is revealing that markets in the three western U.S. states have moved away from tippling to toking.

Sales volumes have fallen by more than 2%, Cowan and Company said in the report, adding that even craft breweries’ sales have gone skunky.

Economy beer volumes for mainstream producers have fallen 2.4%. Premium brands like Coors Light and Bud Light are down 4.4%.

The report, quoted by the Daily Mail, says in Denver, the battle of the buzz is shifting faster to the bong from the beer bottle, with sales falling 6.4%.

Hoping to preserve its marijuana law under the next president, Colorado is planning a slate of legislation designed to crack down on pot that is grown legally but then sold on the black market.

The goal is to cut down on complaints that Colorado’s liberal allowances for growing pot without a license has created a thriving network of illegal growers. Colorado allows medical pot patients to grow up to 99 plants, far beyond other marijuana states, and it also allows recreational users to group their allotted six plants into massive co-ops, entire greenhouses of pot that aren’t tracked or taxed.

Peter Barsoom made his way up and down Wall Street over the last 19 years in his job overseeing consumer banking. His résumé includes turns at Merrill Lynch, American Express, and Morgan Stanley.

More recently, Barsoom added cannabis connoisseur to the list.

In 2014, the former financier saw a business opportunity in the Denver area, where marijuana-infused foods were increasing in popularity — in spite of usability issues. His startup, 1906, brings together scientists, chocolatiers, and cannabis experts to create a premium line of low-dose chocolate edibles.