Tag: cannabis news

Marijuana regulators in California and New York are encouraging people to take advantage of Black Friday deals and support small businesses by shopping for cannabis at licensed retailers. As companies promote savings on the post-Thanksgiving sales occasion, both the California Department of Cannabis Control (DCC) and the New York Office of Cannabis Management (OCM) shared […]

Even without robust federal regulations, the U.S. hemp industry in 2022 was larger than all state marijuana markets, and it roughly equaled sales for craft beer nationally, according to a new report. The research firm Whitney Economics published the report last week, offering a comprehensive assessment of the hemp industry that’s evolved since the crop […]

Home values have grown at a significantly higher rate in states that have legalized marijuana compared to non-legal states over the past decade—with the average price of a home in a legalization state now 41 percent higher than those that have continues to criminalize cannabis—according to a new report on real estate trends. The study […]

A top manufacturer of drug testing technology has announced a new screening panel that no longer detects marijuana and instead prioritizes fentanyl and other controlled substances in response to the “relentless change and the pressing need to adapt” as more states legalize cannabis. Psychemedics said its updated Advanced 5-Panel Drug Screen “will transform the way […]

Denver has achieved a new marijuana milestone, with adult-use and medical cannabis tax revenue now exceeding $500 million since 2010, city data released on Monday shows. As Colorado touts the fact that adult-use retailers have now sold more than $15 billion in marijuana products since legalization, the state’s largest city has released a report that […]

Connecticut saw yet another month of record-breaking marijuana sales in September, with medical and recreational purchases exceeding $25 million for the first time, new state data published on Tuesday shows. Adult-use cannabis sales hit $14,388,751 last month—the ninth month in a row of record-topping recreational marijuana purchases since the market launched in January. Medical cannabis […]

Legal marijuana in Illinois saw “unprecedented growth” in fiscal year 2023, says a new annual report from the state’s Department of Financial and Professional Regulation (IDFPR), with the opening of 28 new retailers and more than $1.5 billion in total retail sales. Total tax revenue from the industry dropped in fiscal year 2023, however, falling […]

New Mexico’s legal marijuana retailers sold more than $47 million of combined adult-use and medical marijuana products in September, according to new data from the New Mexico Regulation & Licensing Department (RLD). While that marks a slight decline from the state’s $48 million monthly sales record set in August, the state has now reached the […]

New Mexico set a new record for marijuana sales in August, with more than $48 million in combined medical and adult-use cannabis purchases, state data shows. The New Mexico Regulation & Licensing Department’s (NMRLD) cannabis reporting portal shows $34,707,557 in recreational marijuana sales and $13,525,500 from medical cannabis last month, for a total of $48,233,057. […]

Connecticut broke another marijuana sales record in August, with $25 million worth of medical and adult-use cannabis purchases, state data shows. The Connecticut Department of Consumer Protection (DCP) reported that recreational marijuana sales hit $14 million last month—another record for the adult-use market—while medical marijuana purchases amount to about $11 million. That combined $25 million […]