The U.S. cannabis market is very promising. It's so exciting that thousands of industry movers and observers descended upon theCannabis World Congress and Business Exposition on Sept. 7 in Los Angeles, to share their ideas and developments in the cannabis space.

When it comes to seeking an angel investor, many people have the wrong idea about exactly what it is that this type of private equity investor does. Somewhere along the way it became a common misunderstanding that angel investors were quicker to land than business loans in financial institutions and that when the loan was repaid, all was said and done. This isn’t the case at all and although an angel investor can be just that, an angel in disguise, there are a few things you should know before summarily seeking this type of investment in your business.

Regulated industries like the cannabis industry require careful planning when drafting corporate governance documents. Boilerplate agreements fail to address many of the most important and specific issues for cannabis businesses. Whether it is a limited liability company operating agreement for an LLC or a shareholders’ agreement and bylaws for a corporation, it is a good idea to make sure your cannabis business’s governance documents address the following marijuana-specific points.

The numbers are in: Recreational customers get the highest right after they finish the work week.

According to the Huffington Post, a new report from Seattle-based analytics firm Headset found that Friday is the most popular day for Washington state recreational dispensaries.

Last month, Washington recreational customers spent an average of $31.18 on Fridays, with Saturday coming in second at $30.21 followed by Thursday, when the average recreational customer spent $29.66.

Speaking at a town hall at Youngstown State University over the weekend, Chelsea Clinton made a remark about the risks of marijuana use that left many drug reform advocates scratching their heads. The daughter of Democratic presidential candidate Hillary Clinton suggested that legal marijuana use had contributed to the deaths of people who were using other drugs simultaneously, due to a bad drug interaction.

A spokeswoman for Chelsea Clinton now says that the Democratic presidential candidate's daughter simply misspoke.

The Sharks have seen it all. Entrepreneurs of all stripes vy for their cash in the Tank, and sometimes their businesses are just plain weird.

There was the hiker who turns roasted crickets into energy bars, the husband and wife on a mission to change the way we poop, one Squatty Potty at a time, and, who could forget, that guy who badly wants to draw a cat for you.

Last week, the Oregon Land Use Board of Appeals (LUBA) ruled against a certain cross section of pot growers in the state. The Petitioners at issue wanted to grow medical marijuana on land covered by a “rural residential” zoning designation. When Jackson County adopted a zoning ordinance prohibiting such activity, the growers sued. Because LUBA sided with the County, medical marijuana grows in that jurisdiction will be limited to land zoned exclusively for farm (EFU), forest or industrial use. In that sense, the ruling is fairly narrow, although it could discourage prospective litigants in other counties on similar appeals.

Surplus marijuana tax revenue could soon benefit your kids, as the state is set to distribute millions to schools in the next few months.

The money comes from Proposition BB, passed by voters last November, which allows the state to keep surplus marijuana tax revenues.  

The surplus funds currently amount to about $66 million.

One of the programs benefiting from the surplus funds will be a new bully prevention grant from the Colorado Department of Education.

Just this week, a video of a middle school bully at a bus stop in Commerce City went viral and sparked outrage among community members.

"I think it's a huge problem,” said East High senior Isabel Dias-Bertch. “It's something that haunts you the rest of your life."

The first nationwide medical cannabis study designed to prove that marijuana is medicine, starts with 227,883 patients set to sign up to help change the federal scheduling of mmj.

The country’s first nationwide medical cannabis study designed to prove that marijuana is medicine, starts with 227,883 qualified medical marijuana patients set to sign up to help force the change of the federal scheduling of mmj, in the first-of-its-kind, crowd-sourced cannabis peer-review study.

First the city fast-tracked the formerly incarcerated for weed licenses; now — new rules would make Oakland part-owner.

On Tuesday night in Oakland, community members and longtime cannabis professionals will go head to head with the Oakland City Council Public Safety Committee on how the term “equity” will be defined in the city’s forthcoming permitting process for the industry.

At issue is the future of Oakland’s legal marijuana industry, and who gets to be a part of it. Council will consider changing its cannabis licensing rules to mandate the city become a 25 percent owner of certain new marijuana business.