This Week in Weed: South Korea Legalizes Medical Pot!

South Korea 'goes green', Massachusetts spends on weed, and Vegas projects cannabis lounges!
Entrepreneur Staff
Network Editor at Entrepreneur.com
2 min read

Welcome to Green Entrepreneur's video recap of the cannabis news you might have missed this week, hosted by our cannabis correspondent Conrad Martin.

South Korea becomes the First East Asian Country to Legalize

South Korea's National assembly approved an amendment to the country's Narcotics Control Act - allowing medical cannabis oil to be imported and sold. The move makes South Korea the first east asian country to legalize cannabis. Import and sale could begin in the first half of 2019

Related: South Koreans Can't Get High?! (Week in Weed 8/31)

Massachussetts stoners spend $2M during first week of rec sales

During the first week of legalized recreational cannabis sales in Massachusetts, consumers spent $2 million dollars on cannabis and cannabis products. Two dispensaries reported revenues of $480k on black friday alone. And I thought I spent too much money on bud.

Related: Massachusetts May Leap Ahead on Cannabis Cafes

Las Vegas may open pot lounges in 2019

Nevada state legislator, Tick Segerblom, is pushing to open up pot lounges in Las Vegas. Not that I would ever ask why, but Segerblom's goal in opening the lounges is to get cannabis out of Vegas hotels, casinos, and streets. 

Related: You Can't Smoke Marijuana on the Las Vegas Strip Yet

Be sure to keep up with all things cannabiz by checking out the newly launched GreenEntrepreneur.com

If you missed the last episode, check it out here: Americans Vote on Cannabis

More from Green Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Each week hear inspiring stories of business owners who have taken the cannabis challenge and are now navigating the exciting but unpredictable Green Rush.
Sign up for our weekly newsletter for winning strategies, exclusive features and all the tools you need to strike gold in the Green Rush.

Latest on Green Entrepreneur