Tag: washington
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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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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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Study Finds That Louisiana Collected Nearly $1 Million In Cannabis Taxes In 2023
Technically, Louisiana passed a medical cannabis therapeutic measure back in 1978 (Act No. 725). However, that law never became operational since the Louisiana Department of Health never followed through with the law’s mandate to source cannabis for approved cancer and glaucoma patients. The law has since been amended several times over the years. “Initially, Louisiana’s…
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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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Researchers Determine Legal Cannabis Sales Not Associated With Increased Youth Consumption
Currently, 24 states and the District of Columbia have passed adult-use legalization measures, with several states permitting regulated recreational cannabis sales as part of their legalization models. Colorado and Washington State were the first to passed such measures, with legal sales beginning in both states in 2014. According to research recently published by the American…
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Which State Has The Cheapest Prices For Legal Cannabis?
Currently, 24 states in the U.S. plus the District of Columbia have passed adult-use cannabis legalization measures. Several more have approved medical cannabis legalization measures, and many of those adult-use and/or medical use states permit consumers and patients to make legal purchases from licensed retailers. Of the markets that allow legal recreational cannabis sales to…
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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.…