Tag: united states
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How Much Does Legal Cannabis Cost In The United States In 2024?
Currently, 24 states in the U.S. have adopted adult-use cannabis legalization measures, with all but one of them (Virginia) incorporating regulated cannabis sales as part of their legalization models. Cannabis remains prohibited at the federal level in the United States. The first states to adopt recreational cannabis legalization measures were Colorado and Washington during the…
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How Many Government Contracts Does Metrc Have?
Metrc describes itself as “the most trusted and experienced provider of cannabis regulatory technology systems in the United States” and that their “solution combines advanced software, radio-frequency identification (RFID), a dedicated customer support team, and a secure database to track cannabis from growth, harvest, and processing to testing, transport, and sale.” “Metrc is currently engaged…
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How Popular Are Cannabis Drinks And Beverages In The United States?
Products in the cannabis drinks sector can come in various forms, including infused tonics and sodas. Some companies are incorporating resealable tops to their cannabis-infused sodas, which is very helpful when trying to stick to a precise dosage. An example can be found in the video below: According to cannabis data company BDSA, and as…
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U.S. Hemp-Derived THC Beverage Market Projected To Reach $4.1 Billion By 2028
The United States hemp-derived THC beverage market is projected to reach $4.1 billion by 2028 according to a recent market analysis by Euromonitor International. The researchers at Euromonitor International estimated that the market was worth $239 million in 2023. The hemp-derived THC beverage sector has greatly benefitted from the national 2018 Farm Bill that legalized hemp…
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Global Cannabis-Infused Drinks Market Projected To Reach $8.7 Billion By 2032
The global cannabis-infused drinks market was estimated to be worth $400 million in 2022 and is projected to reach $8.7 billion in value by 2032 according to a market analysis by Fact.MR. The market analysis entity is located in Ireland. “This astounding market growth is because worldwide demand for cannabis infused drinks is estimated to…
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25% Of Cannabis Consumers Report Using Products For Pain Relief In NuggMD Survey
Online medical cannabis platform NuggMD describes itself as taking “a modern approach to connecting patients with medical professionals,” and using their “telemedicine platform means that you can meet with a qualified medical professional in your state from the comfort and privacy of your living room,” according to their website. NuggMD recently conducted a survey of…
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79% Of Americans Live In A County With At Least One Cannabis Dispensary
The first legal adult-use cannabis purchase from a licensed dispensary in United States history occurred in Colorado in 2014. Medical cannabis dispensaries were around prior to that in several states, with some of them being regulated and some operating in legal grey areas. Zooming forward to February 2024, and 79% of people living in the…
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Are Major North American Cannabis Stocks Profitable?
When it comes to cannabis stock offerings, North America’s emerging cannabis market is likely the first thing that pops into people’s minds. Canada became the first G-7 nation to legalize cannabis nationally for adult-use in 2018. Cannabis remains prohibited at the federal level in the U.S., however, 24 states have adopted recreational cannabis legalization measures.…
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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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U.S. Medical Cannabis Enrollment Is Up Overall In 2024 But Down In Most Rec States
California became the first state to ever pass a medical cannabis legalization measure back in 1996, and since that time, dozens of other states have done the same. What constitutes medical cannabis legalization has evolved since the 1990s, with states ranging from allowing medical cannabis program approval for any condition to limiting medical cannabis reform…