Oct 14 2024
The global size of the marijuana packaging market is predicted to increase from $3.49 billion in 2025 to approximately $22.10 billion by 2034, according to a study published by Towards Packaging, a sister firm of Precedence Statistics. The market was estimated at $2.85 billion in 2024 and is projected to expand at a double-digit CAGR …
Oct 13 2024
The U.S. Department of Justice is pushing back against a challenge to the federal ban on marijuana, defending Congress’s authority to regulate the plant despite state-level legalization. In a recent filing with the U.S. Court of Appeals for the First Circuit, the DOJ maintained that the Controlled Substances Act (CSA) remains valid law, even as …
Oct 13 2024
In Ohio, legal marijuana sales have soared to $157 million in the first 60 days of recreational sales. Recreational marijuana sales began on August 6, and by September 7, the state’s Division of Cannabis Control reported $98,349,448 in recreational marijuana sales across 1,267,045 different transactions. Additionally, Ohio’s medical marijuana market generated $59,248,804 in sales during …
Oct 12 2024
2024 has proven to be a landmark year for the research of marijuana and its compounds such as THC and CBD. As marijuana rescheduling to Schedule III looms, the path for future research could soon become even smoother. However, even without this change, significant strides have already been made. Below are the top marijuana, THC, …
Oct 12 2024
As California continues to lead the U.S. in cannabis sales, certain marijuana strains are rising to the top in popularity. These strains are favored for their potency, flavor, and effects, which resonate with a wide range of consumers across the state. Based on data from California’s Department of Cannabis Control and Leafly, below are the …
Oct 12 2024
In their recent meeting, New Mexico officials took a step toward adding female orgasmic disorder (FOD) to the list of conditions eligible for medical marijuana. The state’s Medical Cannabis Advisory Board voted 7 to 2 this week to recommend the inclusion of FOD in the state’s medical marijuana program. The board’s recommendation will now be …
Oct 12 2024
The MORE Act in the US House of Representatives now has 96 sponsors. Yesterday, Congressmember Jahana Hayes (D-CT) became the newest cosponsor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, bringing the total number of sponsors to 96. Hayes is the first new sponsor on the bill since August. The only marijuana-related bill in …
Oct 11 2024
In September, Arizona’s marijuana industry generated $20,090,881 in tax revenue, marking the 34th consecutive month of surpassing $20 million. This brings the state’s year-to-date total to approximately $210 million and the all-time total to over $970 million since the state legalized marijuana. According to the Arizona Department of Revenue, the bulk of September’s tax revenue …
Oct 11 2024
In Connecticut, over $23 million worth of marijuana was sold legally in September, marking another strong month for the state’s marijuana market. A total of $23,445,921 was sold, with $16,612,316 coming from recreational marijuana and $6,833,605 from medical marijuana purchases. This follows August’s impressive sales of $25,664,059, which marked the first time the market crossed …
Oct 11 2024
New Jersey’s legal marijuana market has continued to expand, albeit at a relatively slow pace, with the state nearing the milestone of 200 licensed recreational retail outlets. New Jersey legalized recreational marijuana during the November 3, 2020, election. The law allows those 21 and older to legally possess and use up to an ounce of …
