Jan 5, 2018

Marijuana startups raised a record amount of cash in 2017

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Cannabis firms fuming over exclusion from CES

Photo: Courtesy of Keep Labs

Last year, the big controversy at CES was over an exhibit from a sex toy company. This year, it is cannabis-tech companies that are crying foul.

Why it matters: Although there are a wide range of electronics shown at CES, critics say that whole categories are unfairly excluded.

Go deeperArrowJan 7, 2020

Illinois governor pardons 11,000 pot convictions ahead of Jan. 1 legalization

Illinois Governor JB Pritzker on Dec. 3, 2018. Photo: Paul Natkin/Getty Images

Illinois Gov. JB Pritzker granted more than 11,000 pardons on Tuesday for minor, non-violent marijuana offenses, as the state prepares to legalize the drug on Jan. 1, AP reports.

The big picture: Illinois on Wednesday will become the 11th state to allow people 21 or older to buy and consume marijuana. State officials estimate that 116,000 people who were convicted for possessing 30 grams or less of marijuana are eligible for pardons.

Go deeperArrowDec 31, 2019

Illinois rakes in $3.2 million on first day of legal marijuana sales

A food truck sits outside the Sunnyside Cannabis Dispensary as customers wait in line to buy marijuana, on Jan. 1. Photo: Kamil Krzaczynski/AFP via Getty Images

Illinois' first day of legalized marijuana sales resulted in more than 77,000 transactions, adding up to about $3.2 million, the Illinois Department of Financial and Professional Regulation said Thursday, per NBC's Chicago affiliate.

The big picture: According Chicago's mayor, the city alone is expected to take in nearly $3.5 million in pot tax revenue this year. That figure represents four months worth of revenue because tax collections do not start until September under state law. Illinois is the 11th state in the U.S. to legalize recreational cannabis, with more planning to put the issue on the ballot in 2020.

Go deeper: Illinois governor pardons 11,000 pot convictions ahead of Jan. 1 legalization