The governor of New York announced on Thursday that the state’s second adult-use marijuana retailer—which will also be the first to be owned by a person previously criminalized over cannabis—will open next week. The new dispensary, which like the first currently operating one will also be located in Manhattan, is scheduled to open for a […]
Tag: cannabis news
Illinois Hits Marijuana Milestone With Record $1.5 Billion In Adult-Use Sales In 2022, Data Shows
Illinois marijuana sales reached a record high of more than $1.5 billion in 2022—and this past December marked the strongest sales month to date—officials announced on Friday. The Illinois Department of Financial and Professional Regulation (IDFPR) said that “2022 set adult use cannabis sales records in all categories it tracks.” That includes a yearly adult-use […]
New York Recreational Marijuana Sales Begin, With State Official Getting First Dibs Before Public 4:20 Launch
New York’s first legal adult-use marijuana sales got underway on Thursday morning, with the inaugural purchase being made by the state’s top cannabis regulator. Broader sales to the general public began later in the afternoon at the symbolic time of 4:20 PM. Adults 21 and older will be able to make cannabis purchases at the […]
New Jersey Adult-Use Marijuana Sales Jumped In Latest Quarter, Topping $100 Million For First Time, State Reports
New Jersey adult-use marijuana sales exceeded $100 million for the first time in the third quarter of the 2022 fiscal year, with combined medical and recreational cannabis purchases totaling $177,710,764, the state reported on Friday. The New Jersey Cannabis Regulatory Commission (NJ-CRC) said that, between July and September, adult-use sales reached $116,572,533—a 46 percent increase […]
Montana Governor’s Budget Projects Marijuana Revenue Will Grow While Alcohol Taxes Flatten Out
“Obviously, hard alcohol is much more corrosive to society than what marijuana is.” By Keila Szpaller, Daily Montanan Hold the pinot noir, but raise a joint for the Montana economy. Tax revenue from wine is forecast to be relatively flat in the Treasure State the next couple of years, and despite Montana’s claims to fame […]
Rhode Island’s First Recreational Marijuana Shops Have Officially Opened
Rhode Island’s first adult-use marijuana sales launched on Thursday, with five dispensaries serving consumers 21 and older. Gov. Dan McKee (D) and the state Department of Business Regulation (DBR) announced last week that the “hybrid” medical-recreational shops would be opening at the start of the month. The governor signed legalization into law in May. #WATCH: […]
Marijuana Companies And New Jersey Governor Team Up To Urge Consumers To ‘Buy Legal’
New Jersey’s governor is teaming up with a coalition of major cannabis brands to launch a campaign meant to educate and encourage consumers about the risks of buying marijuana products outside of regulated markets. The U.S. Cannabis Council (USCC) is leading the “Buy Legal” effort, which was announced on Thursday in New Orleans at the […]
Nevada Marijuana Regulators Have Received 100 Consumption Lounge Applications, With Plans To Approve By Early 2023
Nevada marijuana regulators say they received 100 applications for the state’s first-ever marijuana consumption lounge licenses during a short submission window last month, with plans to begin issuing approvals in “early 2023.” The Nevada Cannabis Compliance Board (CCB) started accepting the applications on October 14 and closed submissions on October 27. This comes more than […]
Marijuana Is A More Valuable Crop Than Potatoes Or Rice, New Leafly Report On Adult-Use Market Finds
The wholesale value of marijuana across 15 adult-use states has reached $5 billion—making it the sixth most valuable cash crop in the country, above potatoes and rice—according to a new report. And that’s not even accounting for the massive medical cannabis market that provides for patients in almost two dozen other states. Leafly’s 2022 Cannabis […]
Pennsylvania Launches $200,000 Grant Program To Support Hemp Marketing And Consumer Awareness
Pennsylvania officials announced on Monday that they will be providing up to $200,000 in matched funding for marketing projects to promote the state’s hemp market. The state Department of Agriculture said that non-profit organizations that take on marketing initiatives to increase hemp sales, exports or consumer awareness of the sector of the cannabis industry are […]