Hochul expects big revenue stream from legal marijuana in New York

January 24, 2022
AggregatedNews
New York
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New York's legalization of marijuana is expected to yield a bumper crop of revenue for the state, with the latest projections saying the stream of money coming into state coffers from weed sales will top $360 million annually by 2028.…

NJ marijuana dispensaries want to sell legal weed. So what’s the hold up?

Nearly one year after marijuana was legalized in New Jersey and officials are still mum on when adults 21 years or older will be able to purchase legal weed — and one key group of stakeholders is losing patience. New…

Almost Half of New York Towns Opt Out of Pot, for Now

January 10, 2022
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New York
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Around half of New York cities and towns don’t want marijuana dispensaries or consumption lounges, a cautionary signal for companies hoping to do business in the Empire State. New York is expected to start recreational marijuana sales in the next year or so, likely becoming the…

Michigan reaps $271M total marijuana revenue

Michigan has collected about $271 million in legal, adult-use marijuana tax revenue since 2019, according to a new report from the Marijuana Policy Project that analyzed tax revenue in states with adult-use cannabis since 2014. In March 2021, the Michigan Treasury described what…

Medical marijuana users brace for shortages as Montana’s recreational market opens

January 5, 2022
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Montana
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More than a year after voters approved legalizing marijuana for recreational use in Montana, anyone older than 21 can now walk into a dispensary and buy cannabis. That has medical marijuana user Joylynn Mane Wright worried. Wright lives in Prairie…

Wholesale Marijuana Prices Fall Hard Amid Sales Decline In Colorado

December 21, 2021
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Colorado
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Colorado marijuana sales and prices are both dropping, in what may be more than a seasonal trend. The Colorado Marijuana Enforcement Division's latest average market rate (AMR), a set of median prices for different categories of wholesale marijuana, fell across the…

Missouri medical marijuana sales pass $200 million after launching 14 months ago

December 21, 2021
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Missouri
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In October 2020, the first medical marijuana sale was made by a qualified patient in Missouri. Fourteen months later, more than 158,000 patients have been granted access through Missouri’s medical marijuana regulatory program, and the total sale of state-regulated medical…

Colorado Marijuana Tax Revenue Breaks Annual Record

December 14, 2021
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Colorado
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Colorado's annual marijuana tax revenue haul has already reached a new high for the seventh straight year, according to the latest data from the state Department of Revenue. The DOR's latest monthly report on marijuana tax revenue shows that November's $32.5…

400 New York localities opt out of cannabis sales. Here’s where

December 14, 2021
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New York
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Amid the expected revelry of bringing in the new year, New Yorkers will also have a clearer picture of where they might be able to buy and consume legal marijuana. Dec. 31 marks the deadline of when cities, villages, and…

Medical marijuana sales in Arkansas near 67,000 pounds through October

November 17, 2021
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Arkansas
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Almost 67,000 pounds – roughly the weight of two F-35 fighter jets – of medical marijuana have been sold in Arkansas since May 2019, with the state collecting just under $45 million in taxes on the sales. Licensed dispensaries in…

Maryland lawmakers dig into details of marijuana market, as legalization looms as a top issue

November 10, 2021
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Maryland
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Delegates heard from an outside legal expert and the heads of the state’s alcohol and medical regulatory agencies at a Tuesday afternoon work group meeting aimed at exploring how Maryland might shape the rules around a recreational market. Delegates expressed…

Illinois recreational pot sales top $1 billion, blowing past last year’s totals with two months left in 2021

November 3, 2021
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Illinois
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Recreational marijuana sales in Illinois surpassed $1 billion last month, blowing last year’s 12-month total sales of $669 million out of the water. October recorded over $123 million in sales of recreational pot. That pushes the year-to-date total for 2021…

Massachusetts pot shops are a billion-dollar market, but cannabis industry still faces hurdles

While recreational marijuana sales have soared in 2021 as Massachusetts emerges from the pandemic, business complications and governmental actions have slowed the pace of the industry's growth, cannabis advocates say. Massachusetts legalized marijuana in 2016, becoming the seventh state to do…

Possessing marijuana is legal in N.J. but these ‘gray’ market operators got busted

Six months ago, Dan Kessel of Berkeley Township talked openly about Bud Hub, the cannabis gifting and delivery business he ran with his sister, almost daring law enforcement authorities to investigate and musing about “my goal to be legal.” Today, Kessel…

New York Cannabis Board Calls Free Marijuana Samples Illegal

October 26, 2021
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New York
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The head of the state’s Cannabis Control Board has declared businesses giving away marijuana as a promotion with the purchase of an overpriced T-shirt, lighter or other item are breaking the law. Tremaine Wright, the former state Assembly member who…