Cannabis News Box

Michigan’s adult-use cannabis market rakes in more than $400 million in first year revenue
December 14, 2020

Since Michigan’s adult-use cannabis market went into full effect on December 1, 2019, the state has generated almost $440 million in revenue. Analysts project that next year’s cannabis sales revenue...

Missouri’s newly-launched medical cannabis market could yield $650 million annually

Missouri's newly-launched medical cannabis market could yield $650 million annually
November 2, 2020

Missouri recently became the 34th U.S. state to launch a medical cannabis market. Since Missouri's medical cannabis program began serving patients, analysts have been bursting with optimism about the financial...

Adult-use cannabis sales in the U.S. are overshadowing medical cannabis sales
September 15, 2020

The number of medical cannabis markets in the United States may far outweigh recreational programs, but industry revenue updates suggest that adult-use sales will be 30 percent more than medical this year.   According...

A $50 million medical cannabis program is set to launch in Virginia
September 10, 2020

Within the next few weeks, Virginia's medical cannabis program could be reaping a healthy amount of revenue for the state. According to analysts, the market could be worth $50 million by 2024 — a projected...

Cannabis sales could plummet following expiration of federal $600 weekly jobless benefit
August 13, 2020

The coronavirus has induced an unwelcome recession upon the United States. While there has been some green to rest on in regards to the $600 weekly payout people have been receiving amid COVID-19, the...

Retail cannabis sales in the U.S. are beating mainstream markets
July 30, 2020

Some of the most frequently purchased products in the United States include toothpaste, hard seltzer and sleep aids.  However, cannabis – a new product that has gone mainstream over the last couple...

Michigan’s bulging adult-use cannabis market encounters supply issues and limited municipal opt-ins
July 30, 2020

Michigan is seven months into its legal recreational cannabis market, which appears to be growing at a colossal rate. The initial month of sales – last December – totaled $7 million. Comparatively,...

U.S. cannabis retail sales on-track to inflate 40 percent in 2020
July 15, 2020

Fresh forecasts for retail sales of medical and recreational cannabis in the United States suggest that the combined markets could surpass $15 billion by the end of this year.  The foresight into U.S....

Oklahoma cannabis companies fight over residency and zoning restrictions
July 10, 2020

Business owners operating in Oklahoma's medical cannabis market have fought back against the enforcement of a harsh two-year residency requirement and 1,000-foot school buffer zone. Regulators are starting...

Chart: Cannabis employment in the U.S. increases 34 percent in 2019
Until the plant is legalized at the federal level and the industry is tracked, the U.S. Bureau of Labor Statistics plonks cannabis industry workers into a number of unspecified categories
July 21, 2019

The cannabis industry is creating an ever-growing list of jobs and if the findings published in the most recent edition of the 2019 Marijuana Business Factbook are anything to go by, there could be more...

Data suggests there are more cannabis stores than McDonald’s and Starbucks
July 20, 2019

The newly published Marijuana Business Factbook contains some interesting insights into the dominance of cannabis stores in mature markets.  Included in the Factbook is an in-depth market analysis,...

7 statistics to get you excited about the U.S. cannabis industry
Recently released statistics from the “Factbook” report offer a rousing insight into the future of the cannabis market.
May 20, 2018

The U.S. cannabis industry is flourishing just like the plant itself. As we continue to learn about its healing potential, more people are embracing cannabis reform than ever before. Investors from...

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