Tag: massachusetts
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Is The Massachusetts Legal Cannabis Industry Oversaturated?
It is no secret that the legal cannabis industry is a popular target for people hoping to generate significant sums of money. The ‘Green Rush’ has brought a flood of aspiring entrepreneurs and investors into the emerging cannabis space. One of the many examples can be found in Massachusetts where medical and recreational cannabis sales…
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Massachusetts Cannabis Sales Top $1 Billion For Third Straight Year
Massachusetts is home to one of the largest state-level legal cannabis industries in the United States. The Boston area’s legal cannabis industry alone is larger than some states’ entire legal cannabis industry. In mid-April, the Massachusetts legal cannabis industry passed a major milestone, surpassing the $1 billion sales mark for the third consecutive fiscal year.…
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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…