If all goes according to plan, Georgia could become the next state to reduce criminal penalties associated with the possession of marijuana.

On Monday, the Senate Judiciary Committee put their stamp of approval on a measure aimed at treating small time pot possession as a misdemeanor rather than a felony. The proposal would allow citizens to hold up to two ounces of weed without scarring their permanent record with felonious marks. Instead, police would book these people under a misdemeanor classification, which would give defendants more opportunities to stay out of jail.

Based on the performance of the legal cannabis market over the last two years, it is arguably one of the fastest growing industries in the world. Regulated cannabis sales in North America totaled $6.9 billion in 2016, a 30 percent increase from 2015. Sales are projected to increase to $21.6 billion by the year 2021 representing a 26 percent compound annual growth rate, according to a report by Arcview Market Research. The market, due to successful legalization campaigns, is attracting entrepreneurs and businesses, expanding its reach across a wider spectrum. Vega Biofuels Inc. (OTC: VGPR), Hemp Inc. (OTC: HEMP), Cannasys Inc. (OTC: MJTK), Greengro Technologies Inc. (OTC: GRNH), Green Cures & Botanical Distribution Inc. (OTC: GRCU

Maryland's medical cannabis program is expected to be fully up and running later this year, and in the coming months, patients can register with the state.

But there's a series of issues that still need to be resolved, even as marijuana growers and dispensaries are getting ready to open for business.

Construction is moving fast at a 44,000-square-foot warehouse in Baltimore. Ted Rebholz, president of Temescal Wellness, gave 11 News an exclusive tour of their soon-to-be medical cannabis facility. For security reasons, 11 News agreed not to share the exact location.

Four U.S. states have legalized recreational cannabis, and another four will follow after ballot victories last November.

Start-up company Stony Hill Corporation, led by Damian Marley, has raised US$750,000 (J$96 million) to finance its sale of cannabis products.

That's according to the company's first set of financials since its reorganisation, released late February. Stony Hill began as a furniture business.

Marley will lead the restructured operation as president and CEO, with a team of eight employees based in Los Angeles, California in the United States. Marley holds the most shares in the company at 21 per cent. Jamaican born Damian, 38, is a Grammy-winning reggae/dancehall star known for songs like Set up Shop. He's also the youngest offspring of reggae legend Bob Marley.

After months of method development and validation with SCIEX Corporation, CW Analytical (CWAL), an ISO 17025 accredited Cannabis testing laboratory, today announced they will be reporting up to 55 toxic chemical residues at parts-per-billion levels using triple quadrupole mass spectrometry technology. 

Alaska's marijuana tax revenues decreased in January as supply shortages caused many shops to shut down temporarily or reduce their hours.

Seventeen growers paid $107,500 in January taxes to the Department of Revenue's Tax Division, according to data from Kelly Mazzei, revenue audit supervisor.

Under Alaska law, growers pay the state's tax. Bud is taxed at $50 per ounce, and other parts of the plant, like the stems and leaves, are taxed at $15 per ounce. Payments are due at the end of the following month, so January's taxes were due at the end of February.

In January, 111 pounds of bud was sold, and 77 pounds were sold from other parts of the plant.

President Donald Trump has had a profound impact on many areas of the government - from military spending to immigration. When it comes to the cannabis industry, Trump’s talk has been materially different than his actions. He seems to support states’ rights and medical marijuana in speeches, but the appointment of Jeff Sessions as Attorney General and Tom Price to head the FDA could pose some problems for the young industry.

In this article, we will take a look at three ways that the Trump Administration could impact the cannabis industry over the coming four years.

In 2008, real estate developers Tripp Keber and Chuck Smith owned and operated an upscale RV resort just outside Gulf Shores with aspirations of building a national chain.

But the recession would see those dreams dashed, and in 2009 the business partners took a risk and diversified their investment portfolio in a new way by putting money into an up-and-coming cannabis company in Colorado.

Business was good, and they soon realized that legal pot was quickly becoming a booming industry. So in June 2010, they took the next step, incorporating a humble Denver-based cannabis start-up called Dixie Elixirs.