For those who want to legally grow huge amounts of cannabis in Austria, business is booming — but not yet blooming. 

The Austrian Narcotics Act prohibits the cultivation of cannabis only for the purpose of obtaining narcotics, and THC can be obtained only from cannabis flower. But if you promise your intent isn’t for consumption or sale, and swear you won't let the plants flower, you can buy truckloads of clones. More than 250,000 clones are sold annually in the capital city of Vienna alone.

When it comes to marijuana use, you’d likely expect someone in their late teens or early twenties to be considered the fastest-growing demographic within the space.

However, based on a recent study, the fastest-growing demographic of marijuana users is much, much, older than you’d expect.

In a recent video uploaded to YouTube by CBS This Morning, it is said that between 2013 and 2014, the number of marijuana users ages 55-and-older increased from 2,812,000 to 4,309,000.

The footage takes viewers inside Harborside Health Center, a California pot shop, where the demographic was most present as Barry Petersen interviewed users on their conditions and how marijuana helps treat what ails them.

TORONTO — This week’s crackdown on illegal marijuana dispensaries in Toronto comes after an intense lobbying campaign by licensed pot producers, who became alarmed by the brazen growth of the black market and the threat it poses to the industry.

Dispensaries began receiving hand-delivered notices from police on Wednesday, reminding them that their businesses are unlawful and they could face significant fines. These actions came less than a week after Mayor John Tory issued a letter calling dispensaries to be reined in.

“This is a long time coming,” said Cam Battley, chair of the advocacy committee for Cannabis Canada, an industry association for licensed pot companies.

“We warned the municipal government last fall that things were getting out of hand.”

O.penVAPE recently submitted a proposal to partner with the Metropolitan Football Stadium District, home of the Denver Broncos, to sponsor Denver's landmark stadium. Headquartered in Denver, the nation's leading vaporizer and cannabis oil company envisions the stadium sponsorship as a platform to promote its non-psychoactive cannabidiol (CBD) wellness products.

It's an unexpected shot in the arm for Alberta's struggling economy. And it's about as unlikely as it gets.

Alberta's only industrial-scale grower of medical marijuana, Aurora Cannabis, just served notice that business is booming. The company now has well over 2,000 customers, beginning from a standing start in January.

Yesterday GGS put on a webinar entitled "MARIJUANA: THE #1 PROFIT OPPORTUNITY FOR GREENHOUSE GROWERS IN THE NEXT DECADE."

In the webinar, cannabis facilities expert Michael Camplin highlights the opportunities and risks of greenhouse growing cannabis, and the global potential of this emerging industry.

In case you missed it, you can still register and view the webinar here.

Cannabis conventions and expos are a great place to meet, interact and learn about every facet of the cannabis landscape from the experts themselves; however, they can also be pricey when you factor in tickets, airfare, lodging and meals. A new event from Green Flower Media though is hoping to remedy the pricey costs and difficult schedule of attending traditional conferences, and is hosting a FREE virtual summit this weekend.

Local dispensaries are pulling pot products from their shelves with yet another batch of recalls hitting cannabis wholesalers statewide. The latest, a voluntary recall by Avicenna Products, affects more than 80,000 concentrates — including wax, budder and vape pen cartridges — that were found to contain traces of pesticides. 

The company announced on May 13 that samples of the products contained residual levels of Myclobutanil, Imidacloprid, Spiromesifin and/or Etoxazole — all pesticides the Colorado Department of Agriculture determined cannot be used legally on marijuana. 

Weed has gone from a taboo substance to a multi-billion-dollar bonanza. The growth of the marijuana sector has created opportunities for investors. Here are four to watch.

Whether you like that marijuana is getting closer to being legalized nationwide or not, as an investor, it's an opportunity that's hard to ignore. 

With four U.S. states legalizing the recreational use of cannabis and 10 more potentially following suit this year, marijuana stocks are going like hot cakes -- or brownies. This is in addition to the 24 states that allow the use of medical marijuana.

Medical marijuana producer is hoping to lead the way in harnessing its benefits in Canada.

Legalising marijuana for medical use can still be a thorny topic in some countries.

But Supreme Pharmaceuticals Inc. is hoping to lead the way in harnessing its acceptance and benefits in Canada.

Supreme obtained regulatory approval to grow medical marijuana at its site in Kincardine, Ontario, in March.

The company is on track to harvest its first crop in the summer and hopes to get final approval to sell it in September or October.