Welcome back to The Week in Weed, your source for what’s happening in the world of marijuana.
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- Medical marijuana to be legal in Pa. (Philadelphia Inquirer: All News, 13 April 2016)
“Pennsylvania is a pen stroke away from legalizing medical marijuana.” In a story we’ve reported on before, Pennsylvania will become the 24th state to approve the use of cannabis for medical purposes, when the governor signs the bill on Sunday, April 17.
- 1 Stunning Infographic Shows Just How Large Marijuana Has Become (The Motley Fool: Fool.com, 10 April 2016)
Comparing legal marijuana sales to the annual revenue of nine popular food and beverages brands proves to be no comparison at all.
- This Cannabis Social Network Is Planning for an IPO Again (Fortune, 11 April 2016)
Speaking of the intersection of banking and marijuana, MassRoots, a social network for cannabis users, is making a another stab at an IPO. It’s the second try to take the firm public on the Nasdaq; their first effort failed due to lack of a bank underwriter. Now they’re backed by investment banking firm Chardan Capital Markets.