Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.

Pot smokers in California are counting down to the New Year’s “toke of midnight.” On Jan. 1, the nation’s most populous state will become the eighth (along with Washington, D.C.) to have legalized recreational marijuana.

It was a lung-busting 2017 for the North American cannabis industry, with marijuana executives stateside holding their collective breath wondering whether the new Trump administration would crack down on legal MJ businesses.

First Green Bank, a community bank that was handling accounts for six of the state’s seven licensed producers of medical marijuana announced it is closing the accounts of its cannabis clients.

This announcement may have huge implications for the cannabis industry.

That’s our last report for 2017 – we wish everyone a Happy New Year!