Tag: cannabis insurance

Maine marijuana sales reached a record high in August, with nearly $22 million worth of purchases, according to new data from the state Office of Cannabis Policy (OCP). This summer has seen numerous states hitting cannabis sales highs, and Maine is no exception. August was the fourth month in a row of record-breaking adult-use purchases […]

Marijuana retailers in Maryland broke another record last month, selling nearly $92 million worth of products during August, the state’s second month of legal adult-use sales. That’s a jump from July’s $87 million in receipts and more than double the typical sales numbers from when the market was open only to medical patients. Newly released […]

New York City could eventually see marijuana sales reach up to $1.2 billion annually, resulting in about $47 million in local tax revenue, a new report from a government-funded independent economic agency found. But the question is, how long will it take? With an abundance of unlicensed retailers still operating in the city and lawsuits […]

Colorado generated more tax revenue from marijuana than alcohol or cigarettes during the last fiscal year, with $280 million in cannabis tax dollars going toward a variety of government programs and services like K–12 education and health care. An analysis from the state’s nonpartisan Legislative Council Staff (LCS) released on Wednesday showed that even though […]

A tribe in Minnesota that’s currently operating one the state’s only adult-use marijuana shops says it’s planning to open a mobile dispensary—effectively a cannabis “food truck” that can travel and do business on tribal land throughout the state. The Red Lake Band of Chippewa Indians, which opened its doors to adult consumers on the day […]

Ohio could see up to $403.6 million in annual tax revenue from adult-use marijuana sales if voters approve a legalization measure that could appear on the November ballot, a newly updated analysis projects. The paper from Ohio State University researchers assesses the potential economic impact of cannabis legalization in the state, providing tax revenue estimates […]

Michigan marijuana sales reached yet another record high in July, with nearly $277 million worth of cannabis sold. Adult-use marijuana purchases accounted for the majority of the total, at $270,603,217. Medical marijuana sales were at $6,143,046.  This beats the prior record set in June by more than $16 million. Most of the cannabis purchases came […]

Connecticut adult-use marijuana sales reached another record high for the seventh month in a row in July, state data shows. The state Department of Consumer Protection (DCP) released the latest sales totals on Thursday, showing $13 million in recreational cannabis purchases last month. That’s about $500,000 more than the prior month and nearly three times […]

Marijuana sales are booming in the Northeast, with three states in the region—Maine, Massachusetts and Rhode Island—all hitting new records in July. Maine retailers sold $20.8 million in cannabis in July, which is the third month of record-setting totals in a row. So far in the first half of the year, the state has seen […]

Illinois retailers sold $140 million worth of recreational marijuana products in July—the strongest sales of the year and second highest monthly total for the state since the adult-use market launched in 2020. The state Department of Financial and Professional Regulation (DFPR) released the sales figures on Thursday, showing that people purchased 3,580,946 adult-use cannabis products […]