Jun 29 2024
In May, Massachusetts recorded a total of $154 million in legal cannabis sales, a slight increase from the $150 million reported in April. This figure comprises $137 million from recreational marijuana sales and $17 million from medical marijuana sales. This brings the year-to-date total to $671 million in sales. The cumulative sales figure has now …
Jun 29 2024
A little over a year after Minnesota legalized recreational marijuana, hundreds of people gathered for the opening of one of the state’s first recreational marijuana retail outlet. The Prairie Island Indian Community opened Island Peži today, with the outlet a variety of marijuana products including dried flower, pre-rolsl, vaporizers, and edible products. “Peži,” meaning grass …
Jun 29 2024
Legislation to deschedule marijuana nationwide now has a combined 110 sponsors in the United States Congress, representing 25% of the entire body. In the US House of Representatives, the MORE Act (H.R. 5601), initially filed in April 2023 with only a few sponsors, now boasts 92 sponsors, all Democrat. This proposed legislation aims to deschedule …
Jun 28 2024
The legal cannabis market is valued at over $40 billion and is expected to grow substantially in the coming years, according to a new report. The Technavio report shows that the market is expected to grow at a compound annual growth rate (CAGR) of 28.85% between 2024 and 2028. “The market’s growth rate hinges on …
Jun 28 2024
Among the states that have legalized recreational marijuana, there was over $1.8 billion in marijuana and marijuana products sold in May. There are 24 states that have legalized recreational marijuana, with all but Virginia allowing licensed sales. Among these states, Minnesota, Ohio, and Delaware do not yet have marijuana stores open as they legalized too …
Jun 28 2024
Once the Drug Enforcement Administration’s (DEA) proposal to move marijuana to Schedule III is finalized, marijuana businesses following state law will be allowed to take tax deductions like any other legal business, says the Internal Revenue Service (IRS). In a press release sent today, the IRS confirms that once marijuana is moved to Schedule III, …
Jun 28 2024
Recently, we examined the five states with the lowest average cost of legal marijuana. In this article, we’ll explore the most expensive states. There are 24 states that have legalized recreational marijuana, with all but one allowing licensed marijuana retail outlets. Average prices vary greatly from state to state, ranging from a little under $4 …
Jun 28 2024
The Cannabis Research Act has been introduced by Congressmembers Scott Peters (D-Calif.) and Dave Joyce (R-Ohio). The legislation requires the National Institutes of Health (NIH) to collaborate with agencies such as the Centers for Disease Control and Prevention (CDC) to establish “a national cannabis research agenda that addresses key questions and gaps in evidence.” The …
Jun 28 2024
Legislation in the United States House of Representatives that would deschedule marijuana and facilitate expungements has gained three new sponsors. Yesterday, Congressmembers Lee Summer (D-PA), Frank Mrvan (D-IN) and Gregorio Casar (D-TX) joined as a cosponsor to the Marijuana Opportunity Reinvestment and Expungement (MORE) Act. This brings the total number of sponsors to 92. The …
Jun 28 2024
Legislation to allow medical marijuana dispensaries to begin selling recreational marijuana this year, far ahead of schedule, has been passed by the Delaware Legislature and sent to Governor John Carney. By a 16 to 5 vote, House Bill 408 has been passed by the Delaware Senate. The measure has already passed the full House of …
