Author: Cannabis Data
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Missouri Cannabis Industry Tax Revenues Projected To Reach $238 Million In 2024
The Missouri Cannabis Trade Association is projecting that combined state and local tax revenue generated from legal cannabis sales in the State of Missouri will reach an estimated $238 million in 2024. “The association reported total sales of $2.5 billion since the products were first legalized in 2020, resulting in $370 million in state and…
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How Many Mississippi Patients Have Received Certification For Medical Cannabis?
On Election Day 2020, 74% of Mississippi voters voted for a measure to create a broad program (Initiative 65) while rejecting a more restrictive measure that lawmakers placed on the ballot (Initiative 65A). Subsequently, the state Supreme Court threw out the entire state’s ballot initiative process which ended the medical cannabis effort in 2020. On…
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Michigan’s Legal Cannabis Market Topped $274 Million In May 2024
In March 2024, Michigan’s legal cannabis industry sold more cannabis products than California’s legal cannabis industry. It was the first time in recorded history that Michigan’s legal cannabis market surpassed California to claim the top spot in the U.S. for total product sales. According to cannabis data company Headset, legal cannabis industry sales in Michigan…
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How Much Is A Medical Cannabis Business License In Kentucky?
On March 31st, 2023, Kentucky Governor Andy Beshear signed Senate Bill 47 into law. The measure legalized medical cannabis in Kentucky, effective January 1st, 2025. The State of Kentucky is currently in the process of establishing the framework for the state’s emerging medical cannabis industry. Starting next month, aspiring Kentucky medical cannabis industry members can…
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How Much Cannabis Tax Revenue Would Florida Legalization Generate?
The 2024 election will be high stakes for Florida’s emerging legal cannabis industry, with voters deciding on an adult-use cannabis legalization measure. The measure must gain at least 60% of the vote in order to pass due to Florida’s election laws. According to the Florida cannabis legalization campaign’s website, Amendment 3 “Allows adults 21 years or…
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Colorado’s Legal Cannabis Industry Sold Over $120 Million In April 2024
The Colorado Department of Revenue recently released cannabis industry data for April and May. For April 2024, the state’s legal cannabis industry sold $120,172,734 worth of products, down from March when the state’s legal industry sold $126,630,910 worth of products. The April sales total brought total sales for the first four months of the year…
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Colorado Teen Cannabis Usage Rates Have Dropped 42% Since Legalization
The Colorado Department of Public Health and Environment conducts a biannual ‘Healthy Kids Colorado Survey’ in which it asks high school students about cannabis use. The results of the 2023 survey are now available via the survey’s interactive dashboard. “The survey found that 12.8% of high school students in Colorado reported using cannabis in the past…
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What Are The Average Market Rates For Cannabis In Colorado?
Colorado will forever be home to the first legal recreational cannabis purchase in United States history. Colorado voters approved Amendment 64 in 2012, and the first legal adult-use sales in the state began on January 1st, 2014. According to a statewide poll that was recently conducted by the Colorado Polling Institute, 67 percent of Colorado voters…
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How Many Social Equity Cannabis Business Licenses Has Arizona Issued?
On November 2, 2010, Arizona voters approved the state’s medical cannabis initiative (Proposition 203) with 50.13% of the vote. The Arizona Department of Health Services finalized medical cannabis dispensary and registry identification card regulations on March 28, 2011, with the first legal medical cannabis purchase being made on December 6, 2012. In 2020, 60% of Arizona voters…
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Global Hemp-Based Product Market Projected To Reach $16.2 Billion By 2033
The global market for hemp-based products is projected to reach $16.2 billion by 2033, growing at a CAGR of 24.5% between 2023 and 2033, according to a market analysis by Fact.MR. The researchers estimated that the market was worth $1.8 billion in 2023. “Europe and North America collectively account for around 70% of the global…