A federal court has issued a significant ruling that could set a precedent allowing marijuana paraphernalia to be legally imported from other countries into states that have enacted legalization. While the federal Controlled Substances Act (CSA) prohibits the import or export of drug paraphernalia, the U.S. Court of International Trade (CIT) determined in a ruling […]
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Federal Reserve Bank Says Marijuana Legalization Drives Tax Revenue, Job Creation And Real Estate Sales
State-level marijuana legalization has had a “significant” economic impact—generating jobs, tax revenue and impacting real estate—according to a new report from a Federal Reserve Bank district. The Kansas City arm of the central bank, which covers five full states and parts of two other states, published the analysis last week, finding that the legal cannabis […]
Colorado And Washington Got More Tax Revenue From Marijuana Than From Alcohol Or Cigarettes In Fiscal Year 2022, Report Finds
Colorado and Washington State took in more revenue from marijuana sales than from either alcohol or cigarettes in Fiscal Year 2022, according to a new report. Another eight states saw tax revenue from cannabis outpace cigarettes, while Nevada took in more from marijuana than alcohol. The analysis, published by the Tax Policy Center on Wednesday, […]
Arkansas Marijuana Legalization Initiative Could Generate Nearly $1 Billion In Sales Every Year, Analysis Finds
If Arkansas voters approve a marijuana legalization initiative on the ballot this November, the market could see nearly $1 billion in annual cannabis sales and more than $460 million in tax revenue over five years, according to a new economic analysis. That’s in addition to the job growth it would drive and its overall economic […]
Ohio Medical Marijuana Sales Hit $1 Billion Milestone, State Data Shows
Ohio medical marijuana sales have officially surpassed the $1 billion mark since dispensaries started serving patients in April 2019. Total sales reached $1,000,047,483 as of September 18 and then grew by another $8 million over the following week, according to data posted by the Ohio Medical Marijuana Control Program on Sunday. The sales to date […]
Local Marijuana Business Bans Are Helping Illicit Markets Thrive In Legal States, Report Finds
One of the main promises of marijuana legalization is that the reform can help curb the illicit market by providing adults with lawful access to shops where products are tested and IDs are checked. But not all states have had the same experience in fulfilling that promise—and a new report suggests that local opt-out policies […]
Illinois Adult-Use Marijuana Sales Top $3 Billion Since Market Launched, With $1 Billion Sold So Far This Year Alone
Illinois has already crossed the $1 billion mark for recreational marijuana sales in 2022—two months earlier than when the state reached that threshold last year—state data shows. And it’s officially crossed $3 billion in adult-use cannabis purchases since shops first opened in 2020. While the August cannabis sales total of $129,441,315 is about $6 million […]
Here’s How Many Marijuana Shops New York Plans To Approve In Each Region Of The State In The First Licensing Round
With New York regulators set to begin accepting applications for the first round of adult-use marijuana retailer licenses for justice-involved people on Thursday, the Office of Cannabis Management (OCM) has released a regional breakdown showing how those initial dispensary approvals will be distributed in regions across the state. This is just the first step toward […]
Illinois Marijuana Sales Hit $135 Million In July, Second Highest Total Since Adult-Use Market Launch
Illinois retailers sold more than $135 million worth of adult-use marijuana in July, the largest monthly sales total so far in 2022 and the second biggest month since sales first launched, the Illinois Department of Finance and Professional Regulation (IDFPR) announced on Wednesday. While the July sales figure is still about $2 million less than […]
New York Community Colleges Awarded $5 Million To Create Marijuana Job Training Programs, Governor Announces
The governor of New York announced on Monday that the state has awarded $5 million in funding to community colleges to support the development and improvement of courses and programs specifically meant to help people secure jobs in the marijuana industry. With the state set to launch adult-use cannabis retailers later this year, Gov. Kathy […]