Category: Geographical Data
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Michigan’s Cannabis Industry Employs Roughly 47,000 Full Time Workers
Michigan is home to one of the most thriving cannabis industries in the United States. Medical cannabis product sales and recreational product sales are both permitted in Michigan. Michigan first adopted medical cannabis legalization in 2008 and adult-use legalization in 2018. According to a recent report by cannabis jobs platform Vangst and Whitney Economics, as…
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How Many ‘Hemp Dispensaries’ Are There In Texas?
Texas is the second most populous state in the U.S., only behind California. Yet, whereas California is home to the most non-hemp dispensaries in the nation, it is quite possible that Texas is home to the most ‘hemp dispensaries’ in the U.S. A hemp dispensary differs from non-hemp dispensaries based on the products that are…
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Study Finds That Louisiana Collected Nearly $1 Million In Cannabis Taxes In 2023
Technically, Louisiana passed a medical cannabis therapeutic measure back in 1978 (Act No. 725). However, that law never became operational since the Louisiana Department of Health never followed through with the law’s mandate to source cannabis for approved cancer and glaucoma patients. The law has since been amended several times over the years. “Initially, Louisiana’s…
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Maryland Sold Over $90 Million Worth Of Legal Cannabis In April 2024
According to updated data on the Maryland Cannabis Administration’s sales dashboard, the state’s legal cannabis industry sold $92,291,643 worth of medical and adult-use cannabis products in April 2024. The sales total was down from $95,956,410 in March 2024. Maryland’s legal medical cannabis sales were roughly $30 million in April 2024, with adult-use cannabis sales making…
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How Many Cannabis Dispensaries Are Located In Illinois?
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. The legislation provided for the eventual legal sales of adult-use cannabis products through licensed dispensaries. On January 1, 2020, the first legal adult-use cannabis purchase was made in Illinois,…
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Canadian Medical Cannabis Exports Hit All-Time High Last Year
Canada continues to dominate the legal global medical cannabis export sector, with Canadian cannabis companies exporting a reported 218 million Canadian dollars ($189 million) worth of medical cannabis products to other nations in fiscal year 2023/2024. “That’s an increase of more than 36% from the previous year’s exports of CA$160 million.” stated MJBiz Daily in…
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Total Arkansas Medical Cannabis Sales Top $1 Billion In 5 Years
After several delays, the first legal medical cannabis product purchase was made in Arkansas on May 11, 2019. The average reported price for flower on opening day in Arkansas ranged from $395 to $420 an ounce. Since that time, Arkansas has sold a considerable amount of legal medical cannabis, with the state’s licensed dispensaries selling…
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How Many Banks Work With The U.S. Cannabis Industry?
Currently, 24 states have legalized cannabis for adult use in the United States, and several others have legalized cannabis for medical use. The state-legal industry in the United States is growing with every passing year, and yet, the number of financial institutions and services that work with the cannabis industry still lags behind other large…
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64% Of Americans Support The SAFER Banking Act According To New Poll
State-legal cannabis companies in the United States may not experience as many banking issues as they did in past decades, however, it’s still a major issue facing the nation’s emerging cannabis industry. For years, cannabis advocates have pushed for comprehensive, national banking reform in the United States. The SAFER Banking Act has garnered considerable support…
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Germany And UK Projected To Have 77% Of Europe’s Medical Cannabis Market By 2028
Germany and the United Kingdom are projected to control an estimated 77% of Europe’s emerging legal medical cannabis market by 2028 according to a new analysis by The Dales Report. “This growth is driven by both expanding legal frameworks and an increasing acknowledgment of the therapeutic benefits of cannabis. As both nations continue to refine…