Tag: colorado
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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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How Many Medical Cannabis Patients Are Registered In Colorado?
Colorado first legalized cannabis for medical use in 2000, although commercial medical cannabis retailers operated in a legal grey area for a time. In 2012, Colorado became one of the first states to legalize cannabis for adult use along with Washington State. Like all states that first legalized cannabis for medical use and later adopted…
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Colorado’s Legal Cannabis Industry Sold Over $120 Million In April 2024
The Colorado Department of Revenue recently released cannabis industry data for April and May. For April 2024, the state’s legal cannabis industry sold $120,172,734 worth of products, down from March when the state’s legal industry sold $126,630,910 worth of products. The April sales total brought total sales for the first four months of the year…
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Colorado Teen Cannabis Usage Rates Have Dropped 42% Since Legalization
The Colorado Department of Public Health and Environment conducts a biannual ‘Healthy Kids Colorado Survey’ in which it asks high school students about cannabis use. The results of the 2023 survey are now available via the survey’s interactive dashboard. “The survey found that 12.8% of high school students in Colorado reported using cannabis in the past…
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What Are The Average Market Rates For Cannabis In Colorado?
Colorado will forever be home to the first legal recreational cannabis purchase in United States history. Colorado voters approved Amendment 64 in 2012, and the first legal adult-use sales in the state began on January 1st, 2014. According to a statewide poll that was recently conducted by the Colorado Polling Institute, 67 percent of Colorado voters…
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How Much Total Tax Revenue Has Colorado’s Legal Cannabis Industry Generated?
The first legal adult-use cannabis sale in United States history occurred in Colorado on January 1st, 2014. Colorado voters initially approved Amendment 64 during the 2012 election, and legal sales launched after regulations were put into place. Washington State also legalized cannabis in 2012, however, legal sales did not begin in Washington until roughly half…
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Home Values Increase Faster Near Legal Dispensaries According To Study
Cannabis opponents have claimed that the opening of legal cannabis dispensaries in a given area will harm the area’s viability. However, a recent study involving data from Oregon, Colorado, Washington, Michigan, and Illinois have found that legal cannabis dispensaries are associated with home values increasing faster in neighborhoods where dispensaries are located in. Will Begeny,…
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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…