Apr 18 2023
The economic impact generated by marijuana in states where it’s legal is expected to top $100 billion in 2023, up more than 12% from 2022. This is according to the MJBiz Factbook 2023, an annual report conducted by MJBizDaily, one of the most trusted sources within the marijuana industry. The report found that the economic …
Apr 18 2023
There was just shy of $110 million in marijuana and marijuana products purchased legally in February in Arizona. According to data released by the Arizona Department of Revenue, licensed marijuana dispensaries in Arizona sold $28,202,481 worth of medical marijuana, while marijuana retail outlets sold $80,887,002 worth of recreational marijuana. These numbers include the sale of dried …
Apr 18 2023
Medical marijuana “may improve motor and nonmotor symptoms in patients with Parkinson’s disease and may allow for reduction of concomitant opioid medication use”, according to a new study. Published by the peer-reviewed journal Clinical Neuropharmacology, the study was conducted by researchers at the University at Buffalo School of Pharmacy and Pharmaceutical Sciences and DENT Neurologic …
Apr 18 2023
In March there was $8.7 million in legal marijuana and marijuana products sold in Rhode Island, according to data released by the state’s Department of Business Regulations. In March there was $5,381,556.56 in recreational marijuana sold at licensed retail outlets. This is in addition to the $3,359,873.02 in medical marijuana sold during the same period. …
Apr 17 2023
Minnesota’s Senate Taxes Committee has advanced a measure that will make marijuana legal for all uses, with just one more committee vote needed before it can reach the Senate floor. Passage of SF 73 through the Taxes Committee comes the same day as the House Ways and Means Committee passed companion bill HB 100, the …
Apr 17 2023
Members of the US House of Representatives have introduced the Small Business Tax Equity Act, meant to level the playing field for legal cannabis businesses by normalizing their federal taxes. The Small Business Tax Equity Act provides an exemption for state-licensed cannabis businesses from federal tax code 280E. That particular code explicitly prevents anyone involved …
Apr 17 2023
Legislation to legalize recreational marijuana was filed today in the North Carolina House of Representatives. House Bill 626 was filed by State Representative Johnnie Autry along with three cosponsors – Representatives Kelly Alexander, Mary Harrison and Zack Forde-Hawkins. The law would allow those 21 and older to possess up to two ounces of marijuana flower, …
Apr 17 2023
Minnesota legislation to legalize recreational marijuana is finally heading to the House floor after being approved by its 15th committee. Today the House Ways and Means Committee approved House Bill 100 on a voice vote, making it the 15th House committee to do so. This finally sends it to the House floor, where it is …
Apr 16 2023
If Australia were to legalize marijuana they would save $1.2 billion each year, which doesn’t account for the potential billions that could be made in new taxes. This is according to the Cannabis in Australia report by Penington Institute. The report also found that more than a third of Australians aged over 14 have used …
Apr 16 2023
The cost of legal marijuana has seen a substantial drop since the start of legal sales in 2020. According to data compiled and released by the Maine Office of Cannabis Policy, the average price of marijuana throughout the state as of the end of March was $8.04. This marks a 49% decrease from the average …
