Tag: united states
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Cannabis Legalization Associated With 9% Increase In College Enrollments
A researcher associated with the Department of Economics at the University of Oklahoma recently examined college enrollment rates and state-level recreational cannabis laws. The results of the study were published in Economic Inquiry. “This paper examines how recreational marijuana legalization (RML) affects first-time college enrollment in the US using a unique college-level dataset and various…
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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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What Is The Average Wholesale Price For A Legal Pound Of Cannabis In The U.S.?
Cannabis industry data company Cannabis Benchmarks tracks the price of legal cannabis flower across United States markets. As of the week ending May 24, 2024, the average price for a pound of legal cannabis flower was $1,031. “At $1,031 per pound, the U.S. Spot Index is down 4.3% this year from the 2023 closing price…
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73% Of Americans Want Legalization To Benefit Cannabis Workers
The Parabola Center has released the results of a recently conducted survey which found that 73% of poll participants want cannabis legalization to benefit employees that work in the emerging legal cannabis industry. According to its website, the Parabola Center is “a nonpartisan think tank of legal professionals and drug policy experts coming together to…
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Daily Cannabis Use Outpaced Daily Alcohol Use For First Time In U.S.
The cannabis consumer base in the United States is starting to outpace the alcohol consumer base, at least when it comes to daily use. According to freshly published results of an analysis involving several decades of usage data, daily cannabis use outpaced daily alcohol use in the U.S. in 2022. A research effort led by…
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Indigenous Tribes Now Own 59 Dispensaries In 9 U.S. States
The emerging legal cannabis industry in the United States extends beyond state-level legalization to sovereign tribal nations. Many indigenous tribal nations have entered the legal cannabis space in recent years, including launching retail medical and adult-use cannabis outlets. According to recent reporting by MJBiz Daily, tribally owned cannabis retail outlets increased 25% since 2023. “Nationwide, the…
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How Many Banks Work With The U.S. Cannabis Industry?
Currently, 24 states have legalized cannabis for adult use in the United States, and several others have legalized cannabis for medical use. The state-legal industry in the United States is growing with every passing year, and yet, the number of financial institutions and services that work with the cannabis industry still lags behind other large…
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64% Of Americans Support The SAFER Banking Act According To New Poll
State-legal cannabis companies in the United States may not experience as many banking issues as they did in past decades, however, it’s still a major issue facing the nation’s emerging cannabis industry. For years, cannabis advocates have pushed for comprehensive, national banking reform in the United States. The SAFER Banking Act has garnered considerable support…
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Cannabis Business Licenses Lowered In First Quarter Of 2024 In North America
As the legal cannabis industries in Canada and the United States continue to increase in size, the total number of cannabis industry licenses in both markets was lower in the first quarter of 2024 compared to previous periods. “The pace of cannabis business licensing in North America slowed in the first quarter of 2024, with…
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Legal North America Cannabis Industry Projected To Reach $298.5 Billion Value By 2032
North America’s cannabis industry is growing at a significant rate, as demonstrated in a recent analysis by Research and Markets. The company recently estimated that the legal cannabis industry in North America was worth $35.6 billion in 2023, and will experience strong growth in the coming years. “The North America legal cannabis market size reached…