Category: Geographical Data
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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,…
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Europe Medical Cannabis Oil Market Projected To Reach $2.39 Billion By 2032
The European medical cannabis oil market is projected to reach nearly $2.4 billion in value by 2032 according to a recent analysis by Astute Analytica. Astute Analytica describes itself as ‘a global analytics and advisory company.’ “According to Astute Analytica, the Europe medical cannabis oil market was valued at US$ 905.56 million in 2023 and is…
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How Many Cannabis Brands Sold Products At The 2024 California State Fair?
The California State Fair made history this summer by allowing on-site cannabis sales and consumption. Oregon was the first state to permit a recreational cannabis exhibit back in 2016, however, Oregon’s State Fair did not permit on-site sales and consumption. “Approximately 80 of California’s best brands—including more than half from craft, legacy and social equity…
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New York City Has Shut Down Over 630 Illegal Cannabis Stores
New York City officials recently launched ‘Operation Padlock to Protect,’ and according to a recent news release from the City, regulators have shut down over 600 cannabis shops operating without a license. Unlicensed cannabis stores have proliferated New York City in recent years. “We have been clear: illegal smoke shops will no longer be able…