Solon Finally Supports Bill for Medical Marijuana

In mid-October, an opposition solon voiced significant opposition to the proposed marijuana law, which was up for deliberation in the plenary. Of House Bill 6517, or the Act Providing Filipinos Right of Access to Medical Marijuana, Deputy Minority Leader and…

Why Private Equity Is Investing in Marijuana Cultivation

A private equity fund announced plans to raise $250 million to invest in cannabis companies, particularly those operating in areas such as Las Vegas, Los Angeles, and midtown Manhattan. Co-chaired by former executive of BlackRock Inc., MedMen Opportunity Fund II…

Projections for the Pot Industry to Hit $18 Billion by 2021

According to Greenwave Advisors, even if President Trump decides to challenge the recreational cannabis industry aggressively, forecasts for the market see it hitting $18 billion easily by 2021. If Trump decides to leave the market in peace, however, industry projections…

Luxury Industry Eyes Marijuana as Next Big Opportunity

The luxury industry is taking advantage of marijuana’s popularity. Designers are working cannabis motifs into their clothing, including the likes of Baja East, Alexander Wang, and Jeremy Scott. This is not surprising. Despite Donald Trump winning the presidential election and…