Category: Geographical Data
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Colorado Legal Cannabis Sales Topped $113 Million In May 2024
Colorado’s legal cannabis dispensaries sold $113,174,488 worth of products in May 2024 according to the Colorado Department of Revenue, a slight decrease from April 2024 when Colorado’s licensed dispensaries sold over $120 million. The state’s Department of Revenue also released total cannabis tax and fee revenues for June 2024. Colorado’s legal cannabis industry generated $18,349,502…
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Michigan’s Legal Cannabis Industry Sold Over $278 Million Worth Of Legal Products In June 2024
Michigan’s legal cannabis dispensaries sold over $278 million worth of products in June 2024, up slightly from $274 million the previous month. According to original reporting by New Cannabis Ventures, June’s sales totals “were up 6.9% from a year earlier.” “The Michigan Cannabis Regulatory Agency breaks out sales by medical and adult-use, with medical sales falling…
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How Many Medical Cannabis Patients Are Registered In Israel?
Israel’s modern medical cannabis policies were first implemented in 1999, making Israel the first nation to legalize medical cannabis at a national level. Israel has long served as an international cannabis research hub, with groundbreaking research led by Raphael Mechoulam occurring in Israel as far back as the 1960s. “After a record of over 140,000…
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Tennessee Hemp Product Sales Have Generated Over $10 Million In Tax Revenue
Tennessee, like many other states, has a thriving hemp-derived product market. Demand for products derived from hemp that contain cannabidiol and/or ‘alternative cannabinoids’ such as delta-8 and THCa have increased significantly in recent years. The hemp industry in Tennessee is in flux on the regulatory side, with new rules recently taking effect. For example, edible…
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How Much Does Legal Cannabis Cost In Connecticut, Massachusetts, And Rhode Island?
Recreational cannabis is now permitted in Connecticut, Massachusetts, and Rhode Island. Each market has its own set of regulations and policy components, and those state-level nuances contribute to the unique features of each state’s industry. According to a recent analysis by Inside Investigator, “The average price per gram of cannabis in Connecticut peaked in March,…
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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…