Tag: california
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Legal Cannabis Sales Are Declining In California
California is considered by many cannabis enthusiasts to be the best state in the U.S. for cannabis. California was the first state to ever pass a medical cannabis legalization measure in 1996, and voters in California approved recreational cannabis legalization in 2016. Unfortunately, California’s legal recreational cannabis industry has struggled since its inception, with many…
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California Cannabis Tax Revenue Fund Grantees Receive Over $46 Million
The California Governor’s Office of Business and Economic Development (GO-Biz) recently announced a new round of cannabis tax revenue community investments. This batch of grants for fiscal year 2023-2024, which was awarded to grantees from the California Community Reinvestment Grants program (CalCRG), went to 30 different organizations and involved a total of $46.6 million in…
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How Many Cannabis Product Recalls Has California Issued In 2024?
In nearly every industry involving products that humans consume, government-mandated recalls will occur for various reasons. For the emerging legal cannabis industry, product recall efforts are a market component that differentiates it from the unregulated cannabis industry. Ideally, product recalls would never occur because cannabis products would always be uniform. However, the reality is that…
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Michigan’s Legal Cannabis Industry Outsold California In March 2024
California has long been associated with cannabis, with the Golden State being home to the famed Emerald Triangle where a thriving cannabis cultivation community has operated for several decades. California was the first state to adopt medical cannabis legalization back in 1996, and in 2016 the state’s voters approved recreational cannabis legalization. However, California appears…
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How Accurate Are Cannabis Product Lab Tests?
In every legal cannabis market in the United States lab testing is required for cannabis harvests and processing. Testing cannabis for cannabinoid levels and potential contamination is a hallmark of the regulated cannabis industry, and provides the legal industry with a distinct advantage over the unregulated cannabis market. A team of researchers in the United…
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Which U.S. State Grows The Most Floral Hemp?
For many years the hemp plant was largely used to make textiles and other non-consumable goods. However, in recent years demand for consumable, sometimes intoxicating hemp products has increased dramatically. The rise of floral hemp in the United States came about after the passage of the 2018 Farm Bill, which legalized hemp production nationwide. According…
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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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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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How Much Legal Cannabis Was Sold On 4/20 In 2024?
April 20th is the most popular day of the year for cannabis consumption, with the date serving as the annual day of celebration for the global cannabis movement, particularly in the United States where the tradition is reported to have started in the 1970s. Every year licensed cannabis retailers across the country try to gain…