Tag: cannabis news

Missouri has been selling about $4 million worth of marijuana per day on average since the state’s adult-use market opened up in February—and the state saw a record $121.2 million in cannabis purchases last month—state data shows. Since recreational sales started, the adult-use market has quickly overtaken the state’s medical marijuana program, which has seen […]

Michigan marijuana sales hit another record high in June, reaching nearly $261 million. Adult-use cannabis purchases accounted for the majority of the total, at $254,153,133. Medical marijuana sales were at $6,643,877.  This beats the prior record set in March by more than $10 million. Most of the cannabis purchases came from flower, followed by vape […]

Meta—the parent company of Facebook, Instagram and the new social network Threads—has updated its cannabis advertising policy to permit the promotion of non-ingestible CBD products, with limitations, and also loosen restrictions on hemp ads. The social media conglomerate said in a notice on Tuesday that CBD products containing up to 0.3 percent THC, which meets […]

Six months into the launch of Connecticut’s adult-use marijuana market, the state saw nearly $24 million in combined medical and recreational cannabis sales in June—a record monthly high—according to the Department of Consumer Protection (DCP). Since adult-use sales began six months ago in January, Connecticut cannabis purchases have collectively totaled about $122 million. June also […]

Maryland marijuana sales totaled more than $10 million this past holiday weekend as retail sales for adult consumers launched across the state, the Maryland Cannabis Administration (MCA) reported. From Friday through Sunday, collective recreational and medical cannabis purchases reached $10,429,736—which is more than double the $3,985,527 in medical marijuana sales that the state saw during […]

“The recreational market has tripled reported totals over the medical side for two of the past three months.” By David Abbott, Arizona Mirror Arizona’s recreational cannabis sales hit the $100 million mark in March for the first time since sales began, while the medical market maintained a tenuous equilibrium around the $30 million mark per […]

Wage earners who joined New Mexico’s legal cannabis industry typically earn more than they did in their previous, non-marijuana jobs, according to a new article in the latest issue of the state Department of Workforce Solutions’s monthly Labor Market Review. “The data show that for some people, the grass is greener in the cannabis industry,” […]

Connecticut recreational marijuana sales hit a record high in May, with purchases in the adult-use market exceeding those of medical cannabis for the first time since adult-use retailers opened in January. The state Department of Consumer Protection (DCP) published the May sales data on Monday, showing about $11.5 million in adult-use marijuana purchases and $11.2 […]

A marijuana financial services company has revised its testimony on a congressional cannabis banking bill following pushback over remarks made at a Senate committee hearing this month where a compliance officer suggested a “pause” to further amend the legislation. Advocates and stakeholders were taken aback by the suggestion from Dama Financial, as it seemed to […]

A coalition of marijuana advocacy groups is asking that a bipartisan marijuana banking bill be expanded to include provisions ensuring that cannabis businesses have access to all forms of financial services—including the ability to be listed on senior U.S. stock exchanges. In a letter sent to Senate Banking Committee leadership on Thursday, the coalition SAFE […]