Adult cannabis in Massachusetts will reach nearly $4 billion in 2022
The Massachusetts CCC report shows that between January 1 and December 18, 2022, the state raised $1.42 billion in adult sales. In a sales breakdown by month, the state amassed a f
The industrial hemp market will reach $18.1 billion in five years
Information gathered in Research and Markets’ Global Hemp Market by Type report, which analyzes the numerous uses of hemp as textile, food, building material and more. The re
This State Is On Track To Beat Its $1.3 Billion Record Sales Year
By John Schroyer Recreational cannabis in Illinois continues to boom, with sales in October this year surpassing $131 million, according to state data. Sales continue to grow annu
Legislative report projects $72 billion cannabis industry by 2030
A new legislative report presented to Maryland lawmakers this week projects that the statewide legal cannabis market could grow to $72 billion per year by 2030, more than double th
The cannabis industry in Nevada is nearly $1 billion in annual sales
The cannabis industry in Nevada had taxable sales of more than $965 million in fiscal 2022, down slightly from sales of $1 billion a year earlier. The regulated sale of marijuana h
The BDSA report projects $57 billion in global cannabis sales by 2026
A report released by cannabis data company BDSA predicts that global cannabis sales will reach $57 billion by 2026 – up from the $30 billion in global cannabis sales achieved
Global cannabis sales will increase to $57 billion, but depends on new markets
As Prohibition reverses an ugly grip on cannabis, the new market is thriving. BDSA is an analytics company that tracks the industry across a vast point-of-sale network. A recent re
The California Department of Cannabis last year announced seizures of $1 billion worth of illegal marijuana
The DCC announced on August 25 that it had officially seized more than $1 billion worth of illegal cannabis. The department attributes this milestone to recent raids conducted in L
THCV: The merger of two 21st century billion dollar industries
Through Lydia Karuki Weight loss is a billion dollar industry with Americans spending a staggering $33 billion on products each year. While the industry was valued at $250 billion
$10.4 billion in tax revenue from legal cannabis sales, but where is all that money going?
The financial aspect of the cannabis industry is certainly getting a lot of attention lately, and it’s easy to see why. As the industry grows at an amazing rate, many states
Reports show that the cannabis tourism industry is worth $17 billion
The cannabis tourism industry is reportedly valued at $17 billion and could grow rapidly post-COVID. A report published in Forbes states that 50% of Millennials believe that access
Can you guess which state’s marijuana sales just surpassed the $3 billion mark?
Of Fermin Organambide Adult marijuana sales in Massachusetts have officially surpassed $3 billion, according to the state’s Cannabis Control Commission. According to the agen
Aurora Cannabis Net Loss Of $1 Billion – Cannabis News, Lifestyle
Aurora Cannabis announced net losses of $1 billion for the third quarter. They will close their Aurora Sky facility in Edmonton and two others in British Columbia. Aurora says the
States made more than 3.7 billion pot sales last year
States that have legalized the sale of adult-use recreational cannabis collectively generated more than $3.7 billion in revenue last year, according to a new report from the Mariju
Legal States raised nearly $4 billion in legal marijuana revenue in 2021
A new report reveals some big numbers when it comes to cannabis tax revenue generated by legal weed states, which took in more than $3.7 billion in 2021. This is an increase of 34%
Weed to End Wars – Did Vladimir Putin underestimate over a billion people using cannabis in the last decade?
A funny thing happened en route to Russia’s invasion of Ukraine, a country they expected would take control with little combat and, some predicted, in less than 72 hours. The
Cannabis sales are expected to reach $33.6 billion by 2025
Cannabis is now legal for recreational use in New York, Virginia, New Mexico and Connecticut Following the legalization of cannabis in 2020 in US states such as Montana, Arizona, N
Arizona residents love their weed: cannabis sales to hit $1.4 billion in 2021
By Nina Zdinjak Grand Canyon state set another marijuana sales record when residents spent more than $1.4 billion on cannabis in the first year after voters approved recreational c
Arizona cannabis will generate over $1 billion in revenue in 2021
Cannabis is officially a billion dollar business in the state of Arizona. Grand Canyon state voters passed a measure in the 2020 vote that made recreational cannabis legal for adul
New York projects $1.25 billion in pot tax revenue over six years
New York is poised to receive $1.25 billion in revenue from taxes on legal cannabis sales, according to a budget forecast by Democratic Gov. Kathy Hochul released Tuesday. The reve