Author: Cannabis Data
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How Much Will Pakistan’s Legal CBD Industry Be Worth?
Cannabis cultivation is not new in Pakistan, however, a push in recent years has started the process of providing a path toward legal cannabis cultivation for the nation’s farmers. The process to legalize limited low-THC cannabis production began in Pakistan in late 2020, but it wasn’t until earlier this year until the nation established a regulatory…
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How Many Medical Cannabis Patients Are Registered In Utah?
According to the most recent monthly report from the Utah Department of Health and Human Services (April 2024), the state has registered 86,335 medical cannabis patients. Additionally, the state has registered 955 ‘Qualified Medical Providers’, 919 ‘Pharmacy Agency’, and 77 ‘Pharmacy Medical Providers.’ Below is a graph listing Utah’s medical cannabis patient numbers over time:…
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Connecticut Dispensaries Sold $23.9 Million Worth Of Cannabis In April 2024
Legal cannabis dispensaries in Connecticut sold roughly $23.9 million worth of cannabis products in April 2024 according to new government data. The April sales total included both recreational and medical cannabis sales. April’s sales figures in Connecticut were $704,619 less compared to March 2024 – a 2.85 percent decrease. The month-to-month decrease in overall sales…
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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…
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Cannabis Seizures At U.S./Mexico Border Have Dropped 98% Since 2013
According to data published on the United States Customs and Border Protection website, federal law enforcement agents seized a record low 61,000 pounds of cannabis at the U.S./Mexico border in 2023. “The total represents a 29 percent decline from 2022 and a 98 percent decline in seizure activity since 2013, when the agency reported interdicting more…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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New Jersey Recreational Cannabis Sales Totaled $201 Million In First Quarter Of 2024
New Jersey’s 130 licensed adult-use cannabis dispensaries sold roughly $201 million in recreational cannabis sales during the first three months of 2024, about 4.4% more than what was sold during the last quarter of 2023. Legal recreational cannabis sales totaled $192.6 million in New Jersey during the last quarter of 2023. “New Jersey’s recreational cannabis…
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Ohio Medical Cannabis Sales Were Over $54 Million In March
Ohio’s 123 licensed medical cannabis dispensaries sold over $54 million worth of medical cannabis products in March 2024 according to new data released by the Ohio Division of Cannabis Control, up from $38.4 million total sales in February 2024. March’s sales figures were also an increase over March 2023 sales totals. The first legal medical…
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U.S. Cannabis Industry May Save Over $2 Billion A Year On Taxes Under Schedule III
The federal government of the United States recently announced that a plan to reschedule cannabis from Schedule I to Schedule III is moving forward. While the policy change will yield various potential ramifications, a generally accepted effect of rescheduling is the end of state-legal cannabis businesses being subjected to 280E tax provisions. The 280E provision…
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What Does Illinois Spend Its Cannabis Tax Revenue On?
On June 25, 2019, Illinois Governor JB Pritzker signed House Bill 1438. The legislation made Illinois the 11th state to legalize recreational cannabis and provided for the eventual legal sales of adult-use cannabis products through licensed retail outlets. On January 1, 2020, the first legal adult-use cannabis purchase was made in Illinois, and since that…