Report: Marijuana Employs More Workers than These Major Industries

Marijuana workers of the United States! If you were to unite, there would be more of you than there are massage therapists, bakers or other classic paths to the middle class.

Legalization advocates have long touted cannabis’s value as a potent job generator—a very meaningful promise in areas that have never fully recovered from the Great Recession and the steady transformation of good, single-earner careers into “gig work,” temp work and other sad excuses for meaningful work provided by late-capitalism. Continue reading “Report: Marijuana Employs More Workers than These Major Industries”

Battling the racial roadblocks to joining the legalized marijuana trade

Darryl Hill, hailed for integrating college football in his youth half a century ago, was a successful entrepreneur with no criminal record and plenty of capital when he applied for a license to grow marijuana in Maryland — a perfect candidate, or so he thought, to enter a wide-open industry that was supposed to take racial diversity into account. Continue reading “Battling the racial roadblocks to joining the legalized marijuana trade”

Cannabis companies flock to Canada as US laws keep them off stock exchange

When Hadley Ford created a company for investing in the fast-growing business of legal marijuana, the former Goldman Sachs Group Inc. investment banker left New York and headed north of the border.

While more than half of U.S. states allow marijuana for medical or recreational use, the drug is still outlawed by the federal government, starving pot entrepreneurs of institutional capital. Continue reading “Cannabis companies flock to Canada as US laws keep them off stock exchange”