Tag: united states
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Are Publicly Traded U.S. Cannabis Companies Profitable?
The legal cannabis industry in the United States is made up of a patchwork of markets, laws, rules, and regulations. Currently, 24 states have passed adult-use legalization measures and even more states have adopted medical cannabis legalization measures. Washington D.C. has also legalized cannabis for both medical and adult use. A handful of companies operating…
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Global Cannabis Packaging Market Projected To Reach $9.06 Billion By 2030
Research and Markets recently published a new report projecting that the global cannabis packaging market will reach an estimated $9.06 billion in value by 2030, “expanding at a CAGR of 22.7% from 2024 to 2030.” “The growing legalization of cannabis consumption for medical and recreational use is contributing to market growth.” Research and Markets stated…
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Global Medical Cannabis Market Projected To Reach $82.5 Billion By 2030
The global legal medical cannabis market is projected to reach $82.5 billion by 2030 according to a new report by Research and Markets. The legal medical cannabis market was worth an estimated $32.3 billion in 2023 according to the report. “Extract Form Marijuana, one of the segments analyzed in the report, is expected to record…
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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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Cannabis Seizures At U.S./Mexico Border Have Dropped 98% Since 2013
According to data published on the United States Customs and Border Protection website, federal law enforcement agents seized a record low 61,000 pounds of cannabis at the U.S./Mexico border in 2023. “The total represents a 29 percent decline from 2022 and a 98 percent decline in seizure activity since 2013, when the agency reported interdicting more…
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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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U.S. Cannabis Industry May Save Over $2 Billion A Year On Taxes Under Schedule III
The federal government of the United States recently announced that a plan to reschedule cannabis from Schedule I to Schedule III is moving forward. While the policy change will yield various potential ramifications, a generally accepted effect of rescheduling is the end of state-legal cannabis businesses being subjected to 280E tax provisions. The 280E provision…
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Global Hemp Clothing Market Size Projected To Reach $23.02 Billion By 2031
The global hemp clothing market is projected to experience significant growth in the coming years, reaching an estimated $23.02 billion by 2031 according to a market analysis by Allied Analytics LLP. “The global Hemp Clothing Market Size was valued at $2.29 billion in 2021, and is projected to reach $23.02 billion by 2031, growing at…
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Cannabis Edibles Market Projected To Reach $27.2 Billion By 2030
The global cannabis edibles market is projected to reach $27.2 billion by 2030 according to a market analysis by Fairfield Market Research. For comparison purposes, the same researchers estimated that the global cannabis edibles market was worth $9.6 billion in 2022. “This robust growth will be driven by a multitude of factors, including shifting consumer…
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Cannabis Industry Projected To Add $112.4 Billion To U.S. Economy In 2024
The emerging legal cannabis industry in the United States is projected to add roughly $112 billion to the nation’s economy in 2024 according to a newly released analysis by MJBiz Daily. The projection is part of the company’s 2024 MJBiz Factbook. “The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in…