“What we saw in California is that the high tax on legitimate cannabis leads straight to the black market. And I’m very concerned that that’s going to have the same or similar impact here.” By Shadi Bushra, MinnPost A last-minute tax hike on cannabis products passed as part of Minnesota lawmakers’ special session budget compromise […]
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Houses In Legal Marijuana States Are Worth More And Grow In Value Faster Than Those Where Criminalization Remains, Study Shows
Home values have been climbing across the country in recent decades, but a new study finds that areas where adult-use marijuana is legal have seen especially high returns. Between 2009 and 2024, it says, home values in legal states increased by $60,327 more, on average, than home values in jurisdictions that still criminalize the drug. […]
Marijuana Legalization Is Putting ‘Pressure’ On Alcohol Industry, CEO Of Jack Daniel’s Parent Company Says Amid Profit Losses
The growing use of marijuana as an alternative to alcohol is putting “pressure” on the spirits industry, contributing to a decline in profits in recent years, the president of a major alcohol company with ancillary brands such as Jack Daniel’s and Woodford Reserve says. During an earnings call on Thursday, Brown-Forman Corporation CEO Lawson Whiting […]
70 Percent Of Americans Support Allowing Marijuana Use At Casinos And Resorts, New Poll Shows
About seven in ten American adults say they’re in favor of having designated marijuana consumption areas at casinos and resorts—and two in five would be more inclined to visit casinos if cannabis use was allowed, according to a new survey. The poll from the University of Nevada Las Vegas’s Cannabis Policy Institute (CPI) asked a […]
How Do The U.S. And Canadian Markets For Pre-Roll Marijuana Products Differ? (Op-Ed)
“It is more and more clear that pre-rolls are shaping the future of the cannabis market on both sides of the border.” By James Valentine, Custom Cones USA and DaySavers Cannabis continues to be a multibillion-dollar industry in Canada and the U.S., and while both countries share the same top product categories—flower, pre-rolls and vape […]
The US Marijuana Industry Lost Jobs Last Year Even As Sales Grew To A New Record High, Industry Analysis Shows
Jobs in the U.S. legal marijuana industry fell roughly 3.4 percent percent between 2023 and 2024, according to the latest annual industry report on employment in the cannabis sector. That marks the largest nationwide downturn in cannabis employment since the project began tracking full-time equivalent jobs in the sector in 2017. At the same time, […]
New York Marijuana Sales Near $1.5 Billion Total As Number Of Stores Nearly Tripled Last Year, State Report Says
After a slow initial launch to its adult-use marijuana market, New York in 2024 saw the number of legal stores nearly triple, according to a new Office of Cannabis Management (OCM) report, fueling total sales for the year of $869 million. By the end of the year, says OCM’s 2024 Market Report, 260 retail locations […]
Despite Sweeping Updates To Facebook Policies In Favor Of ‘Free Expression,’ Restrictions On Marijuana-Related Accounts Remain
Despite new changes to content moderation announced earlier this week, Meta—the owner of Facebook, Instagram and Threads—appears not to be changing its practices around marijuana, continuing to block search results on the social media platform for terms such as “marijuana” and “cannabis” and instead displaying a notice encouraging users to report “the sale of drugs.” […]
Banks Stand To Generate Over $2 Billion In Revenue From Marijuana Industry Interest Payments By 2035, New Report Finds
As the marijuana industry continues to expand, a new economic analysis finds that the capital that cannabis businesses are expected to need will translate into upwards of $2.4 billion in revenue for banks from loan interest payments over the next 10 years. The report from CTrust, Whitney Economics and Green Check Verified projects that the […]
Six U.S. States Report Setting New Monthly Marijuana Sales Records
Officials in at least six states with legal marijuana—Connecticut, Maine, Maryland, Michigan, Missouri and New York—reported hitting their highest-ever monthly sales numbers in August, led by surging summer purchases of adult-use products. Retailers in Michigan sold $294.2 million in legal cannabis last month, according to data from the state’s Cannabis Regulatory Agency. Combined with $1.26 […]