Author: Cannabis Data
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Delaware To Give $6.2 Million To Social Equity Licensees
Delaware’s fund for boosting social equity in the state’s emerging legal cannabis industry is up to a reported $6.2 million. Delaware already permits medical cannabis sales in the state, and in the not-too-distant future adult-use cannabis sales will also be permitted. Delaware is pursuing a plan to allow the state’s medical cannabis industry to apply…
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Los Angeles Has Issued 111 Social Equity Cannabis Dispensary Licenses
In December 2020, regulators in Los Angeles announced that they had selected 200 social equity cannabis dispensary applicants. Zoom forward to July 2024, and only a reported 111 social equity cannabis dispensary licenses have actually been issued. “At the beginning of 2024, a total of 499 social equity business permits had been awarded to retailers,…
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Over 31,000 Public Comments Submitted For DEA’s Cannabis Rescheduling Proposal
In May 2024, the United States Drug Enforcement Administration (DEA) published a proposed rule to reschedule cannabis. Cannabis is currently classified as a Schedule 1 substance at the federal level in the U.S., with the DEA’s proposed rule rescheduling cannabis to Schedule III. The proposal was first announced by U.S. President Joe Biden days before…
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How Long Does It Take For Cannabis MSOs To Sell Their Inventory?
How quickly a cannabis company sells their inventory can be a good indicator as to how popular their brand is among patients and/or consumers. It is not a perfect science, as some companies can obviously sell their inventory faster if they don’t produce as much of it, however, for companies that operate on a large…
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Medical Cannabis Market Projected To Reach $53.88 billion By 2030
The global medical cannabis industry was worth an estimated $6.82 billion in 2020 and is projected to reach $53.88 billion in market value by 2030 according to a new report by Allied Market Research. The company describes itself as “a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.” Allied…
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Illinois Surpasses The 100 Licensed Social Equity Cannabis Dispensary Milestone
The State of Illinois recently surpassed a significant milestone, having approved its 100th social equity cannabis dispensary license. Illinois became the 11th state to adopt a statewide adult-use cannabis legalization measure on June 25, 2019 when Illinois Governor JB Pritzker signed House Bill 1438. “From day one of legal cannabis sales in Illinois, my administration…
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Cannabis Products In Portugal Are Often Mislabeled According To New Study
A team of researchers based in Portugal and the United Kingdom recently conducted a study that examined cannabinoid levels in products in Portugal. They found that many of the products were mislabeled and did not contain the levels of cannabinoids that were listed on the product’s labels. “Our study, conducted with products available in Portugal,…
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Legal Cannabis Flower In Switzerland Costs Between 8-12 Swiss Francs Per Gram
Switzerland is one of a small but growing list of European countries that permit regional adult-use cannabis commerce pilot trials. The pilot trials are approved local research projects that help gather information and data for policymakers and regulators to be better informed when crafting national policies. Currently, Switzerland has seven such pilot trials in some…
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Metrc Receives $113 Million Cannabis Contract Extension In California
Cannabis industry regulators in California have extended the state’s contract with Florida-based cannabis track-and-trace software company Metrc. According to the California Department of Cannabis Control, “the new contract went into effect on July 1, 2024 for a four year term with a state option to extend for up to two additional years.” Metrc describes itself…
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New Zealand Ministry Of Health Data Demonstrates Medical Cannabis Industry Growth
New Zealand’s modern emerging medical cannabis industry largely got its start in 2020, although limited legal medical cannabis sales of Sativex occurred in New Zealand prior to that. New Zealand’s Ministry of Health states on its website, “The Medicinal Cannabis Scheme came into effect on 1 April 2020 with the commencement of the Misuse of…