Author: Cannabis Data
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How Many Cannabis Dispensaries Are There In Providence, Rhode Island?
In May 2022, Rhode Island’s Governor signed ‘The Rhode Island Cannabis Act’ which legalized the personal use and licensed retail sale of cannabis to people 21 years old or older. Provisions of the law permitting adults to possess and cultivate cannabis at home took effect upon signage. The Rhode Island Cannabis Act allows adults aged…
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Missouri Transfers $15.2 Million In Cannabis Industry-Generated Tax Funds
A major benefit to permitting a regulated cannabis industry to operate is the legal industry’s ability to generate taxes and fees. Those taxes and fees can then, in turn, be used for public efforts that support all members of society, not just cannabis consumers. Missouri is a state that has legalized adult-use cannabis sales, and…
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Thailand Study Finds No Association Between Cannabis Retail Density And ‘Hazardous Use’
Thailand made regional history when it implemented a historic cannabis policy change in June 2022, declassifying cannabis from the nation’s narcotics list and allowing every household in the entire country to sign up to legally cultivate low-THC cannabis plants. The nation’s prime minister recently announced that cannabis will be reclassified as a narcotic in Thailand by the…
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Indigenous Tribes Now Own 59 Dispensaries In 9 U.S. States
The emerging legal cannabis industry in the United States extends beyond state-level legalization to sovereign tribal nations. Many indigenous tribal nations have entered the legal cannabis space in recent years, including launching retail medical and adult-use cannabis outlets. According to recent reporting by MJBiz Daily, tribally owned cannabis retail outlets increased 25% since 2023. “Nationwide, the…
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Michigan Cannabis Retailers Are Selling More Cannabis But Making Less Profit
In Michigan’s monthly report for the period March 1-31, 2024, the state listed 213 medical cannabis ‘provisioning centers’ that were permitted to make legal sales to patients. The medical cannabis provisioning centers sold over $2 million worth of medical cannabis products during March 2024. Additionally, the state’s 785 active adult-use cannabis retail license holders sold over $286…
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Is The Massachusetts Legal Cannabis Industry Oversaturated?
It is no secret that the legal cannabis industry is a popular target for people hoping to generate significant sums of money. The ‘Green Rush’ has brought a flood of aspiring entrepreneurs and investors into the emerging cannabis space. One of the many examples can be found in Massachusetts where medical and recreational cannabis sales…
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New Mexico’s Medical Cannabis Patient Base Shrank By 20,000 Over The Last Year
Every state in the U.S. that has legalized cannabis for adult-use first legalized cannabis for medical use, with many of them first permitting medical cannabis sales followed by allowing recreational cannabis sales. Many medical cannabis patients prefer forgoing enrollment in state medical cannabis programs and instead opting to make their purchases from recreational cannabis outlets.…
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New Jersey Legal Cannabis Sales Expected To Top $1 Billion In 2024
The first legal purchase of adult-use cannabis in New Jersey occurred on April 21, 2022. Since that time, New Jersey’s cannabis industry has increased in size and value to a considerable extent. In addition to recreational sales, New Jersey also permits medical cannabis sales. “In 2023, New Jersey saw cannabis sales of more than $800…
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Massachusetts Cannabis Sales Top $1 Billion For Third Straight Year
Massachusetts is home to one of the largest state-level legal cannabis industries in the United States. The Boston area’s legal cannabis industry alone is larger than some states’ entire legal cannabis industry. In mid-April, the Massachusetts legal cannabis industry passed a major milestone, surpassing the $1 billion sales mark for the third consecutive fiscal year.…
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How Much Cannabis Tax Revenue Is Ohio Expected To Make From Legalization?
Ohio is set to allow recreational cannabis product sales at dispensaries starting next month. Ohio already allows medical cannabis sales at registered dispensaries, with the state’s medical cannabis program currently serving an estimated 167,153 suffering patients. The state’s 123 licensed medical cannabis dispensaries sold over $54 million worth of medical cannabis products in March 2024…