Tag: dispensary insurance

States have now generated more than $20 billion in adult-use marijuana tax revenue since the first markets opened a decade ago, according to a new report from a top cannabis reform advocacy group. The Marijuana Policy Project (MPP) also said that in 2023 alone, states collected over $4 billion in recreational cannabis tax revenue—the most […]

New Jersey marijuana shops sold a record $201 million worth of product in the first quarter of 2024, regulators say. And the state also reached new “historical highs” in sales over the 4/20 weekend, including more than $5.2 million worth of purchases on the holiday alone. The New Jersey Cannabis Regulatory Commission (CRC) announced on […]

The number of full-time marijuana jobs in the U.S. rose by nearly 5 percent during the past year, according to the latest annual industry report on employment in the cannabis sector. That’s a turnaround from the roughly 2 percent decline between 2022 and 2023, but otherwise it marks the slowest year-over-year growth going back to […]

“We have not been provided with specific reasons or justifications for the revocation, leaving us in a position where we must take appropriate action.” By Rebecca Rivas, Missouri Independent Missouri cannabis regulators have revoked nine of the 48 social-equity cannabis licenses issued in October, after finding the companies that obtained them didn’t meet eligibility requirements. […]

Since Massachusetts first opened its adult-use cannabis market, licensed retailers have sold more than $7 billion in legal medical and recreational marijuana, according to numbers from the state’s Cannabis Control Commission (CCC). The price per gram of legal marijuana, meanwhile, continues to fall to record lows. The sales milestone—roughly $7.05 billion—includes $5.81 billion in recreational […]

Michigan’s legal marijuana retailers sold more than $3 billion worth of cannabis in 2023, with stores in December recording stronger sales than ever before. Licensed businesses saw $279.9 million in total sales last month, according to the latest state sales data—a new record, beating out the previous highest monthly haul of $276.7 million set last […]

Rhode Island recreational marijuana purchases smashed the state’s monthly record in December, with more than $7.8 million in adult-use sales and patients buying another $2.4 million worth of medical cannabis products. Overall, 2023 saw more than $100 million in legal marijuana sales in the Ocean State, roughly two thirds of which were purchases by adult-use […]

On the one-year anniversary of the opening of the adult-use marijuana market in Connecticut, state officials announced Wednesday that 2023 saw more than a quarter-billion dollars ($274 million) in total sales between the recreational and medical cannabis markets combined. In December, the most recent month for which sales data is available, adult-use retailers sold just […]

Legal marijuana sales in New Mexico set a new monthly record as 2023 came to a close, with adult-use purchases in December climbing to more than $37 million and sales of medical marijuana reaching their highest point since August. All told during 2023—the state’s first full year of legal sales—retailers sold more than half a […]

Sales of adult-use marijuana in Maine have already set a new annual record in the first 11 month of 2023, with nearly $200 million worth of legal cannabis products sold during the year, according to the state’s Office of Cannabis Policy (OCP). Through November, says the office’s website, $197,561,133.53 worth of recreational products have been […]