Category: Geographical Data
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How Much Would A Legal Virginia Adult-Use Cannabis Market Be Worth?
In 2021, Virginia became the 17th state to adopt an adult-use cannabis legalization measure. While personal possession is now legal in Virginia, recreational cannabis sales remain prohibited. It is up to Virginia’s Legislature to approve legislation that permits legal adult-use sales in the state. “New Frontier Data, which studies cannabis, last year estimated the figure at $2.4…
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Washington D.C. May 2024 Medical Cannabis Sales Are Down 16.7% Compared To May 2023
Medical cannabis sales in Washington D.C. declined by a considerable amount in May 2024 compared to May 2023. Voters approved adult-use cannabis in Washington D.C. in November 2014, however, recreational cannabis sales remain prohibited. “Sales figures show a nearly 10% drop from April and a 16.7% decrease compared to May 2023.” Outlaw Report stated in its…
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How Many Wyoming Residents Support Legalizing Cannabis?
Cannabis remains prohibited in Wyoming, whether the use is for recreational or medical purposes. Selling any amount of cannabis in Wyoming is a felony, punishable by a fine of $10,000 and up to 10 years in prison. Wyoming’s emerging hemp industry started to establish a footprint in the state after the 2018 Farm Bill was…
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Morocco’s Legal Cannabis Industry Projected To Be Worth $420-$630 Million Per Year
Morocco’s government has announced plans to further pursue cannabis as a major source of economic development for the North African country. The government initiative reportedly involves the “construction of cannabis processing plants” in the provinces of Chefchaouen, Taounate, and Al-Hoceima. Each facility will be 600 square meters in total area and be “equipped with modern…
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Recreational Cannabis Sales Are Booming In Costa Mesa, California
California’s legal cannabis market has struggled in recent years, with overall sales declining in the state. However, some local markets in the Golden State are experiencing better recreational cannabis sales than others. A great example can be found in Costa Mesa, where adult-use cannabis sales have spiked 452.79% year-over-year compared to Q1 2023. Costa Mesa,…
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Ohio Regulators Have Issued 80 Recreational Cannabis Dispensary Licenses So Far
The Ohio Division of Cannabis Control has issued 80 provisional licenses to dual-use cannabis dispensaries so far. The provisional licenses will allow the dispensaries to legally sell both medical cannabis and recreational cannabis products. Twenty six of the licenses are for dispensaries in the Northeast region of Ohio. “It’s important to keep in mind that,…
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How Many Licensed Dispensaries Does Maryland Have?
Maryland voters approved the state’s recreational cannabis legalization law in November 2022. In the spring of 2023, Maryland’s Legislature passed the accompanying Cannabis Reform Act (H.B. 556/S.B. 516), with the measure taking effect on May 3, 2023. Adult-use cannabis sales began in Maryland on July 1, 2023, with recreational cannabis products being subjected to a…
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How Many Medical Cannabis Business Licenses Is Kentucky Issuing?
Cannabis industry regulators are currently accepting applications for medical cannabis business licenses in Kentucky. On March 31st, 2023, Kentucky Governor Andy Beshear signed Senate Bill 47 into law. The measure legalized medical cannabis in Kentucky, effective January 1st, 2025. According to local reporting by WDRB, there will be four types of licenses available: Cultivator: responsible…
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Legal Cannabis Market In Germany Projected To Reach $4.6 Billion By 2034
The value of Germany’s legal cannabis market is projected to reach an estimated $4.6 billion by 2034 according to a recent industry analysis by The Niche Research. The Niche Research predicts that Germany’s legal cannabis industry will experience a compound annual growth rate (CAGR) of 17.2% between this year and 2034. Germany’s home cultivation sector…
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Nova Scotia Sold $121 million Worth Of Cannabis Products In 2023
According to the Nova Scotia Liquor Corporation, and as originally reported by StatCann, the Canadian province’s Crown corporation, which operates 49 retail cannabis locations, sold $121 million worth of cannabis in 2023. “Cannabis transactions increased by 12.2%, but the average basket size decreased by 3% to $37.27, along with a 4% reduction in the average price…