Tag: cannabis news

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 […]

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 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 […]

For the third time in 2022, Michigan saw a record-breaking month of marijuana sales, reaching $212 million in September, state data shows. The state saw $195,349,995 worth of adult-use marijuana purchases and $16,629,957 in medical cannabis sales last month. That total is about $2 million greater than the previous record in July and $17 million […]

Applications are official open in Nevada for marijuana consumption lounges—a license type that many are hopeful will attract cannabis tourism and further drive sales. The Nevada Cannabis Compliance Board (CCB) started accepting the applications on Friday morning, and the window will close on October 27. This comes more than a year after Gov. Steve Sisolak […]

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 […]

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 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, […]

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 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 […]