The Cannabis Business Alliance (CBA)  has released a statement on the recent reports of the United States Drug Enforcement Administration’s denial of requests to reschedule Cannabis, currently a Schedule I drug. The advocate for Cannabis business owners is calling on the federal government to de-schedule the beneficial plant. 

Tuatara Capital has raised a $93 million fund to invest exclusively in the legal marijuana industry, The Wall Street Journal reported.

Two of Tuatara's principals, Al Foreman and Mark Zittman, believe that it's the largest fund in the marijuana industry.

"Our understanding is that we have the largest pool of capital by fund and firm size in space," Foreman told Business Insider during a joint call with Zittman.

Founded in 2014 by Zittman and Foreman, the private-equity firm, based in New York, exclusively focuses on the legal cannabis industry.

Canadians who use cannabis for medical purposes will soon be able to grow their own weed under new rules outlined by the federal government on Thursday. But a licensed producer based in Smiths Falls, Ont., isn't worried about having to fend off competition from medical marijuana users intent on producing their own plants. 

"People could decide to grow their own," said Bruce Linton, founder and CEO of Tweed. "But they prefer to buy from a lawful, properly produced, safe supplier." 

HempStaff is a Florida-based enterprise focused on cannabis staffing, networking, and educational opportunities.

North American Cannabis Holdings, Inc. (USMJ) today announced a master licensing agreement for the State of Colorado. Rocky Mountain High Restaurant Group has entered into an agreement with North American Cannabis Holdings to operate North American's AmeriCanna Cafe fast casual concept restaurant in the State of Colorado. The agreement includes a $1 million first year inventory commitment.

According to an analysis by Ackrell Capital, the $4.4 billion legal North American marijuana industry is about to explode—detonated by the liberalization of cannabis laws in Canada and the US.

With the baby boomers creaking, diabetes rates, arthritis and cancer are now skyrocketing. According to the Center for Disease control and Prevention, 50% of all adults in North America have suffered one or more chronic health conditions. The market for chronic pain medication is at the leading edge of a long term growth phase. Physicians and consumers are searching for alternatives to conventional opioids which are addictive and vulnerable to abuse.

In a warehouse in Joliet, hundreds of marijuana plants sway under high-intensity lights, taking in carbon dioxide-rich air, sucking up a constant feed of nutrients and bristling with buds.

Like Olympic athletes, the plants are rigorously trained and intensively pampered. Tiny predator bugs patrol the surface of the vegetation, hunting down any pests. Workers prune stems and leaves to put all the plants' energy into buds that produce the drug's euphoric and medicinal effects. The process churns out 200 pounds of high-grade pot every month.

"Just as we treat a glass of wine with dinner, this is how I'm treating cannabis—as an accent to the meal."

That's Chris Sayegh describing his approach to cooking. The Los Angeles chef prepares elaborate multicourse dinner menus, with foie gras custard, citrus-cured salmon, and pomegranate sorbet—all infused with cannabis extracts.

Sayegh calls himself "The Herbal Chef," which is, obviously, THC for short. "Everything is subtle," he says, describing his use of weed as if it were thyme. "That way, you can enjoy the entirety of the meal without getting overwhelmed."

A Denver District Court judge has dealt Starbuds a setback in its fight against the city’s first-ever denial of a routine cultivation license renewal.

In late June, the city’s top licensing official sided with neighbors in Elyria-Swansea who argued that the marijuana chain’s small recreational marijuana grow operation — located above its original dispensary at 4690 Brighton Blvd. — was a detriment to the working-class area’s quality of life and hindered its prospects for improvement.