Regulations and paperwork are driving up costs for financial institutions serving marijuana companies doing business in states with legal pot sales, a cannabis banker told a conference in Las Vegas.

Sundie Seefried told hundreds of cannabis trade show attendees at MJBizCon last week that a subsidiary of her Colorado credit union had to file more than 7,000 reports with regulators on behalf of 220 cannabis-related member companies.

She compared that with 226 reports required for 33,000 regular members of her Partner Colorado Credit Union.

“When you ask me why banking is expensive — what you are really paying for are all the bodies it takes to file 7,000 reports,” she said.

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In just over a month since the recreational use of marijuana was legalized in Canada, independent corporate cannabis retailer Fire & Flower has now opened eight fully-stocked shops in Alberta as part of its growing network of retail outlets in Canada. The newest shop, in Stettler, offer even more Albertans the opportunity to discover Fire & Flower's exceptional customer service and education-based, socially responsible retailing experience.

Statistics Canada says Canadian spending on cannabis rose 1.1 per cent to roughly $5.9 billion on an annualized basis in the third quarter.

Nearly 84 per cent of purchases were illegal and for non-medical use, down from 98 per cent in mid-2014 as cannabis consumption for medical use has increased.

The agency estimates that of the $4.9 billion in illegal, non-medical pot purchases in the third quarter, roughly 1.9 per cent came from home production.

About $836 million was spent on medical cannabis during the period, including $88 million of personal production.

Household spending on cannabis has increased for six consecutive quarters, averaging a growth rate of 1.5 per cent.

 Radicle Medical Marijuana Inc., a licensed producer of craft cannabis since January 2018, announces today the acquisition of its sales licence for dried cannabis.  This allows the organization to supply the medical and recreational market and on its way to completing its first purchase order with the Ontario Cannabis Store.

There were concerns this would happen, and it has, again.

A Canadian investor in the cannabis industry has been permanently banned from entering the U.S. He is the second such investor to receive a lifetime ban from the U.S.

In May, a Vancouver-based venture capitalist Sam Znaimer, an investor in some U.S. cannabis startups, was stopped by U.S border agents, and was also barred for life. Since October, recreational use of cannabis was made legal, adding to the already legal medicinal cannabis market. Thousands of Canadians have jumped into the new rapidly expanding and lucrative industry, from executives, to workers, to investors.

The marijuana legalization trend is picking up steam now that Canada has fully legalized cannabis.

And we've got a stock price prediction that marijuana investors can't afford to miss as cannabis goes mainstream.

The cannabis industry is expected to jump from $10 billion in legal sales in 2017 to $24.5 billion by 2021.

A month into legalization of recreational cannabis, lawyers bracing for a spike in Canadians banned from U.S.

Marijuana has been legal in Canada for a month already, but immigration lawyers and cannabis executives say when it comes to getting into the United States, the worst may be yet to come.

As Canadians get used to the fact that cannabis is no longer against the law in their country, some experts fear they will forget the perils that past and present marijuana use still poses for those seeking to cross the Canada-U.S. border.

Henry Chang, a Toronto-based immigration lawyer, says he's bracing for a spike in cases of people who end up being banned outright from entering the U.S. for owning up to using pot.

Choom™ (CSE: CHOO) (OTCQB: CHOOF) (the "Company" or "Choom") an emerging adult use cannabis company that has secured one of the largest national retail networks in Canada, is pleased to announce it has acquired Clarity Cannabis Medical Centre Inc. and affiliates doing business as Clarity Medical Centres.

Chris Bogart, President & CEO states, "Our goal is to build a dominant national cannabis retail brand. The acquisition of Clarity Medical Centres allows Choom to service the entire Canadian cannabis market, beyond just the adult use channel. As cannabis becomes more widely accepted as an alternative to pharmaceuticals, increasingly, patients with medical conditions will require professional medical advice on the benefits and best use of cannabis as a treatment."

As it currently stands, consumers looking to purchase legal marijuana in Ontario are limited to the online Ontario Cannabis Store. However, that is set to change in April once store locations are permitted to sell cannabis-based products. Applications for retail licenses will open on December 17. Some licensed cannabis producers (LPs) focused on vertical integration have made preemptive investments in retail networks to gain a first mover advantage. Unfortunately, on November 14, new retail regulations brought some bad news: the Ontario government announced that retail licenses will not be issued to corporations if more than 9.9% of its ownership is controlled by one or more licensed marijuana producers or their affiliates.