With New York regulators set to begin accepting applications for the first round of adult-use marijuana retailer licenses for justice-involved people on Thursday, the Office of Cannabis Management (OCM) has released a regional breakdown showing how those initial dispensary approvals will be distributed in regions across the state. This is just the first step toward […]
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Illinois Marijuana Sales Hit $135 Million In July, Second Highest Total Since Adult-Use Market Launch
Illinois retailers sold more than $135 million worth of adult-use marijuana in July, the largest monthly sales total so far in 2022 and the second biggest month since sales first launched, the Illinois Department of Finance and Professional Regulation (IDFPR) announced on Wednesday. While the July sales figure is still about $2 million less than […]
New York Community Colleges Awarded $5 Million To Create Marijuana Job Training Programs, Governor Announces
The governor of New York announced on Monday that the state has awarded $5 million in funding to community colleges to support the development and improvement of courses and programs specifically meant to help people secure jobs in the marijuana industry. With the state set to launch adult-use cannabis retailers later this year, Gov. Kathy […]
Marijuana Businesses Could Be Listed On Stock Exchanges And Access Financial Services Under New Bipartisan Bill
State-legal marijuana businesses would be able to be listed on national stock exchanges and access key financial services under a bipartisan congressional bill that was filed on Thursday. The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act is being sponsored by Reps. Troy Carter (D-LA) and Guy Reschenthaler (R-PA). While a main thrust of […]
Massachusetts Adult-Use Marijuana Sales Officially Exceed $3 Billion, State Reports
Massachusetts adult-use marijuana sales have officially surpassed $3 billion since the market launched in 2018, state officials reported on Wednesday. With 216 cannabis retailers and 11 delivery businesses operating across the commonwealth, the total gross sales for recreational marijuana reached $3,001,846,490 as of May 14. The Cannabis Control Commission (CCC) noted that it’s only been […]
Colorado Monthly Marijuana Sales Rebound In March, But Purchases Still Down From A Year Ago
So far this calendar year, more than $458 million of marijuana has been sold in Colorado. By Robert Davis | The Center Square Marijuana sales in Colorado rebounded slightly to $162 million in March, according to the latest data from the Colorado Department of Revenue (CDOR). The sales total represents a climb of more than […]
Illinois Marijuana Sales On The Rise Again, With $132 Million Of Cannabis Sold In April
Illinois adult-use marijuana sales reached nearly $132 million in April, the second highest monthly total since the market launched in 2020 and another sign that the state’s industry is stabilizing following a slump at the beginning of this year. The first couple of months of 2022 saw lagging sales, but state data on cannabis purchases […]
Four States Report Record-Breaking Marijuana Sales In July
July was an especially productive and profitable month for the marijuana industry, with retailers making record-breaking sales in at least four states. This is continuing a trend that’s been observed in numerous states as cannabis markets have come online and matured. And it’s all the more impressive considering how the industry has thrived even amid […]