Tag: dispensary insurance

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 […]

“This is the first try at a serious program that says: Let’s take the plastic and recycle it. Let’s take this environmental concern seriously.”  By Bhaamati Borkhetaria, CommonWealth Beacon One of the state’s cannabis retailers is encouraging customers to recycle the plastic that encases certain cannabis products by offering them a $4 pre-rolled joint for […]

With the congressional effort to remove federal restrictions on marijuana banking still ongoing, a coalition of financial institutions has released new guidance for cannabis businesses trying to secure banking services. While compliance can be onerous compared to banking for most businesses, the report published on Monday by the Cannabis Industry Financial Group (CFIG) says it’s […]

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 […]