Author: Cannabis Data
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What Is The Value Of The South Africa Cannabis Market?
South Africa’s Constitutional Court issued a landmark ruling in 2018 that deemed cannabis prohibition as it pertained to adult individuals to be unconstitutional. Part of the Court’s decision tasked lawmakers in South Africa with passing a cannabis policy modernization measure. The 2018 decision in South Africa left many questions unanswered, including how much cannabis a…
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What Is The Value Of The Texas Hemp-Derived Cannabinoids Market?
The 2018 Farm Bill legalized hemp production across the United States. Hemp was already legal at the state level in many parts of the country, however, the 2018 Farm Bill provided a major boost to the U.S. hemp industry and expanded the market considerably. Demand for hemp-derived cannabinoid products has grown exponentially in recent years,…
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Missouri’s Legal Cannabis Industry Has Generated $19 Million For Veterans, Treatment, Public Defenders
Legal adult-use cannabis sales launched in Missouri in February 2023 (approved by voters in 2022), and in less than 30 days Missouri’s then nearly 200 dispensaries made roughly $72 million in sales. Missouri’s medical cannabis sales added an addition $31 million to the total amount of legal sales in Missouri during the period. Since Missouri’s…
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Which Nevada Colleges Offer Cannabis Industry Courses?
Nevada voters first approved adult-use cannabis legalization in 2016 on Election Day along with California, Massachusetts, and Maine. Since that time, Nevada’s cannabis industry has grown considerably, although the overall size of the Nevada market fluctuates. Cannabis industry data company Headset reports that Nevada’s legal cannabis industry sold roughly $60.5 million worth of cannabis products…
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How Many People In Minnesota Qualify For Social Equity Cannabis Licenses?
Minnesota became the 23rd state to legalize cannabis for recreational use when lawmakers adopted an adult-use legalization measure in 2023. Minnesota’s adult-use cannabis legalization measure became effective on August 1st, 2023. Medical cannabis is also permitted in Minnesota. Part of Minnesota’s legalization model involves the creation of a social equity category for industry licenses. Minnesota’s…
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How Accurate Are Cannabis Product Lab Tests?
In every legal cannabis market in the United States lab testing is required for cannabis harvests and processing. Testing cannabis for cannabinoid levels and potential contamination is a hallmark of the regulated cannabis industry, and provides the legal industry with a distinct advantage over the unregulated cannabis market. A team of researchers in the United…
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What Is The Fine For Operating Cannabis Businesses In New York Without A License?
Legal adult-use cannabis sales began in New York State in December 2022. The first legal sales happened at a registered dispensary in Manhattan’s East Village at a retailer named Housing Works Cannabis Company. New York State’s legal cannabis industry has since had to compete with an unregulated industry that has proven hard for policymakers and…
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How Popular Are College Cannabis Courses In Minnesota?
Minnesota is the 23rd state to adopt a recreational cannabis legalization measure. Minnesota’s adult-use cannabis legalization measure became effective on August 1st, 2023. Additionally, medical cannabis is also permitted in Minnesota. The state’s medical cannabis law was enacted in 2014. The state’s emerging legal cannabis industry is set to experience tremendous growth in the coming…
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7% Of German Adults Have Purchased Cannabis Clones Or Seeds After Legalization
Starting on April 1st, 2024, adults 18 years old and older can cultivate up to three cannabis plants in their private residences. As part of Germany’s adult-use cannabis legalization model, cannabis clones and seeds are legal for purchase across the country. According to the results of a recent YouGov poll, many German adults have already…
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What Is The Average Wholesale Price For A Legal Pound Of Cannabis In The U.S.?
Cannabis industry data company Cannabis Benchmarks tracks the price of legal cannabis flower across United States markets. As of the week ending May 24, 2024, the average price for a pound of legal cannabis flower was $1,031. “At $1,031 per pound, the U.S. Spot Index is down 4.3% this year from the 2023 closing price…