Author: Cannabis Data
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Europe’s Medical Cannabis Oil Market Projected To Be Worth Nearly $2.4 Billion By 2032
Europe’s emerging medical cannabis oil market is projected to reach an estimated value of nearly $2.4 billion by 2032 according to a new market analysis by Astute Analytica. The market research entity describes itself as “a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible…
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Approving Hemp Seed Meal For Laying Hens Would Be A Gamechanger
The hemp plant was once one of the greatest agricultural crops in the United States. Used primarily for making textiles, it wasn’t until the rise of prohibition that the hemp plant went out of favor among farmers in the U.S. In recent years, the hemp plant has made a huge comeback in the U.S., thanks…
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Ohio Officials Estimate That Cannabis Tax Revenue Could Top $206 Million Per Year
As Ohio continues its seemingly drawn out process of launching long-awaited recreational cannabis sales, Ohio officials are predicting that the state’s eventual adult-use cannabis market will generate over $200 million in tax revenue. “The state is estimating that tax revenue could be up to $206 million a year. Recreational marijuana products will be taxed 5.75%…
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Pre-Rolls Generated Over $1.3 Billion In Legal U.S. Sales In The Last Year
Cannabis joints are far from being a new thing, however, in recent decades legal markets in the United States have witnessed a significant rise in popularity for ‘pre-rolled’ joints. Pre-rolls are exactly what they sound like – joints that are pre-rolled for consumers to purchase. Pre-rolls are very convenient, and are usually sold in either…
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Survey Finds 80% Of Cannabis Businesses Support Regulating Intoxicating Hemp Products
Scientifically speaking, hemp and cannabis are the same crop. However, in the legal arena hemp and non-hemp cannabis are two different things. At the federal level in the United States, cannabis harvests containing .3% THC or less qualify as ‘hemp,’ whereas crops with THC percentages above that threshold are ‘cannabis’ and remain prohibited outside of…
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Cannabis Rescheduling Would Create Over 55,000 New U.S. Jobs According To Trade Group
Cannabis is currently a Schedule I controlled substance at the federal level in the United States. If a current proposal to reschedule cannabis to a lower status is approved, it could create over 55,000 new jobs according to a report by the Minority Cannabis Business Association (MCBA). “Moving cannabis to Schedule III and the resulting…
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New York Now Has 150 Licensed Adult-Use Cannabis Dispensaries
Days ago New York’s Governor announced that the state’s legal cannabis industry had crossed a major milestone – there are now 150 licensed recreational cannabis dispensaries operating in the state. The announcement comes amidst a push by New York regulators to shut down unlicensed cannabis dispensaries across the state. “Governor Kathy Hochul announced New York…
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57% Of Public Comments Support De-Scheduling Cannabis In The U.S.
United States President Joe Biden announced earlier this year that he would push for rescheduling cannabis from its current status as a Schedule I controlled substance to Schedule III. Part of the process to change cannabis’ federal status involved accepting comments from the public about the proposal. The window in which to comment lasted sixty…
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Survey Finds That Only 27.3% Of Legal U.S. Cannabis Operators Are Profitable
The overall legal cannabis industry in the United States is massive, with total legal cannabis sales in the United States expected to top $31.4 billion in 2024 according to a recent analysis by Whitney Economics. Additionally, leading cannabis jobs platform Vangst, in conjunction with Whitney Economics, estimates that the legal cannabis industry now supports 440,445…
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Arkansas’ Legal Medical Cannabis Industry Sold 36,135 Pounds In The First Half Of 2024
The legal medical cannabis industry in Arkansas sold 36,135 pounds in the first half of 2024 according to the Arkansas Department of Finance and Administration (DFA), with total sales reaching $135.5 million during the time period. “DFA officials say that this total was reached after sales between Apr. 1 and Jun. 30 totaled $67 million,…