Tag: maryland
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Maryland Sold Over $1.1 Billion Worth Of Cannabis In First Year Of Legal Sales
Maryland Governor Wes Moore announced this week that total medical and adult-use cannabis retail sales surpassed $1.1 billion in the first 12 months following the enactment of adult-use legalization in the state. “According to the Maryland Cannabis Administration, monthly retail sales surpassed $95 million in June, with the adult-use market accounting for more than $67…
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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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Maryland’s Adult-Use Cannabis Industry Generated More Than $14 Million In Sales Tax In Q1
Maryland Comptroller Brooke E. Lierman announced today that Maryland’s legal adult-use cannabis industry generated more than $14.6 million in recreational cannabis sales taxes between January and March 2024. Adult-use cannabis and cannabis products are taxed at a rate of 9% in Maryland. The state of Maryland collected more than $14.6M in revenue from adult-use cannabis…
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How Much Cannabis Tax Revenue Has Frederick County, Maryland Received In 2024?
In November 2022, Maryland voters approved the state’s adult-use legalization law. Later, in the spring of 2023, Maryland’s Legislature passed the accompanying Cannabis Reform Act (H.B. 556/S.B. 516). The measure took effect on May 3, 2023. Adult-use cannabis sales began on July 1, 2023 in Maryland, with adult-use cannabis products being subjected to a 9%…
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Maryland Sold Over $90 Million Worth Of Legal Cannabis In April 2024
According to updated data on the Maryland Cannabis Administration’s sales dashboard, the state’s legal cannabis industry sold $92,291,643 worth of medical and adult-use cannabis products in April 2024. The sales total was down from $95,956,410 in March 2024. Maryland’s legal medical cannabis sales were roughly $30 million in April 2024, with adult-use cannabis sales making…
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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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What Are The Best And Worst U.S. Cities For Cannabis Businesses And Consumers?
Colorado and Washington State made history in 2012 when their voters became the first in the United States to ever pass a statewide adult-use legalization measure. Since that time, 22 other states and the District of Columbia have also passed adult-use cannabis legalization measures, many of them permitting legal recreational cannabis commerce. Cannabis remains illegal…
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How Many People Have Jobs In The U.S. Cannabis Industry In 2024?
One of the largest societal benefits of modernizing cannabis policies to permit a regulated cannabis industry is job creation. Every jurisdiction on earth can benefit from job creation, and the emerging legal cannabis industry can create viable jobs in nearly every area to some degree, whether it be in production, storage, retail, or ancillary services.…