New Mexico marijuana legalization poses a serious threat to Colorado’s lucrative border-town pot shops April 21, 2021 AggregatedNews Colorado, New Mexico 0 Comments When Colorado legalized the retail sale of marijuana in 2012, savvy entrepreneurs saw an opportunity beyond setting up shop in population centers like Denver and Boulder. They realized if they opened cannabis businesses in small towns along the state’s borders,… Read More→
Arizona sees first tax revenue from recreational marijuana March 16, 2021 AggregatedNews Arizona 0 Comments During the last 11 days of January, Arizonans bought $2.9 million worth of legal recreational marijuana according to the state Department of Revenue. Records for January’s transaction privilege tax or sales tax show that Arizona residents were buying about $264,000… Read More→
Mississippi’s marijuana program might be overturned, but dozens of companies are starting anyway March 7, 2021 AggregatedNews Mississippi 0 Comments Dozens of medical marijuana businesses and nonprofits are popping up around Mississippi even though the state’s regulatory system won’t be ready for months, and despite the fact that the Mississippi Supreme Court might strike down the voter-approved program. Companies can’t… Read More→
Michigan distributes $10 million in tax revenue to communities with recreational marijuana businesses March 5, 2021 AggregatedNews Michigan 0 Comments The Michigan Department of Treasury is distributing nearly $10 million to more than 100 communities as a part of the Michigan Regulation and Taxation of Marijuana Act. More than $341 million in adult-use marijuana sales were reported for fiscal year… Read More→
U.S. Cannabis Sales Hit Record $17.5 Billion As Americans Consume More Marijuana Than Ever Before March 4, 2021 AggregatedNews News & Insights 0 Comments The coronavirus was good for some industries and ruinous for others. For cannabis, 2020 was a breakout year. Legal sales across the U.S.—15 states allow adult use, 35 allow for medical sales—hit a record of $17.5 billion, a 46% increase from 2019, according to a new… Read More→
Marijuana Is Legal in New Jersey, but Sales Are Months Away February 23, 2021 AggregatedNews New Jersey 0 Comments After years of false starts and failed attempts, Gov. Philip D. Murphy on Monday signed into law three bills that effectively permit and regulate the use of recreational marijuana in New Jersey, making it the most populous state in the… Read More→
Ohio could triple the number of medical marijuana dispensaries. But not until next year. February 23, 2021 AggregatedNews Ohio 0 Comments For Stormy Clark, there's no such thing as a quick trip to get her medicine. A patient in Ohio's medical marijuana program, Clark must drive 64 miles from her home in Proctorville, across the Ohio River from Huntington, W.V., to the… Read More→
Florida’s marijuana industry nearly doubled jobs, approached $1.23 billion in sales in 2020 February 22, 2021 AggregatedNews Florida 0 Comments The medical marijuana market in Florida created nearly 15,000 new jobs in 2020 and employs an estimated 31,444 state residents, according to a new analysis. Florida recorded nearly $1.23 billion in marijuana sales in 2020, according to the report posted by… Read More→
Recreational pot sales have more than doubled since Maine’s market launch February 17, 2021 AggregatedNews Maine 0 Comments Recreational marijuana sales have more than doubled since the market opened in October, with the Maine Office of Marijuana Policy reporting almost $2.5 million in sales in January. Maine’s 15 licensed adult-use retailers reported 33,521 sales worth $2.47 million in… Read More→
Colorado marijuana sales hit $2.2 billion in highest-selling year yet February 11, 2021 AggregatedNews Colorado 0 Comments Amid a global pandemic that disrupted many facets of commerce, Colorado’s marijuana industry experienced its most lucrative year on record with $2.2 billion in sales in 2020. According to figures released Tuesday by the state Department of Revenue, dispensaries sold… Read More→
Cannabis in the New Year: Old Challenges Meet New Opportunities January 25, 2021 Jacques Santucci Best Practices, Cannabis & Hemp Research, Opinions, Policy & Legal 0 Comments Despite a global pandemic that uprooted businesses around the world, the U.S. cannabis market showed no signs of slowing down in 2020, as we had predicted a year ago. Through lockdowns and mask mandates, the industry innovated how consumers purchase… Read More→
Recreational marijuana sales could begin in Arizona later in week January 20, 2021 AggregatedNews Arizona 0 Comments Arizona adults could be legally purchasing marijuana for recreational use by the end of the week. State health officials began accepting applications Tuesday to run some of the more than 120 recreational sites that voters agreed to in November to… Read More→
Could Arizona Dispensaries Start Selling Recreational Pot Soon? Like, Really Soon? January 19, 2021 AggregatedNews Arizona 0 Comments We know a few things about how the sale of recreational marijuana will begin in Arizona, following the successful effort to legalize it in November. We know that Tuesday, January 19 — that’s tomorrow — is the day the state will… Read More→
A New Sales Record Isn’t The Only Milestone Colorado’s Cannabis Industry Saw In 2020 January 18, 2021 AggregatedNews Colorado 0 Comments Like so many things about 2020, cannabis sales in Colorado were outrageous; people spent more than $2 billion on products. That's more money than they ever have before. That total continues the industry’s upward trajectory and breaks the previous record… Read More→
November marijuana sales push Colorado’s industry to $2 billion annually for the first time January 13, 2021 AggregatedNews Colorado 0 Comments Colorado marijuana sales in November pushed the industry’s annual revenue to $2 billion for the first time. In November, dispensaries sold $175.1 million worth of products, according to figures released by the Department of Revenue on Tuesday. Recreational sales accounted for… Read More→