The cannabis edibles market, valued at $12.3 billion in 2024, is on track to skyrocket to $54 billion by 2034, according to a new industry report.

This surge—driven by shifting consumer preferences, growing legalization, and rapid product innovation—represents a compound annual growth rate (CAGR) of 15.9% over the next decade.

As more states and countries embrace marijuana reform, cannabis-infused food products are becoming a mainstream choice for consumers seeking medicinal or recreational effects without smoking. Edibles provide a discreet, convenient, and increasingly diverse method of consumption, making them attractive to new and experienced users alike, notes the report.
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Today, the Missouri Department of Health and Senior Services (DHSS) transferred $5,459,169 in funds generated by Missouri’s adult-use cannabis program to agencies supporting veterans and public offenders, among others.

DHSS transfers funds generated by Missouri’s adult-use cannabis program to the following recipient agencies:
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Connecticut marijuana retailers brought in $24,247,692 in total sales in March, with $17,702,259 coming from adult-use transactions and $6,545,433 from medical marijuana purchases.

In total, 696,424 marijuana products were sold throughout the month, nearly 80,000 more than in February, according to the state’s Department of Consumer Protection. Products were split between 495,889 for recreational customers and 200,535 for medical patients.

The average price per gram of marijuana in March was $10.27, a modest decline from the $10.58 average in February.
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According to data released this week by the Florida Department of Health (DOH), there is over 907,000 registered medical cannabis patients in the state.

According to the DOH, there is 907,575 patients as of April 8. This marks an increase of 5,009 since March 10, and 7,025 since the beginning of the year. Since April 2024, the patient count is up 25,325.

The steady growth underscores Florida’s role as the largest medical-only marijuana markets in the country. Under the state’s law, patients with physician approval can access a range of marijuana products, including dried flower, from state-licensed dispensaries. Medical marijuana was legalized by voters in 2016.
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Colorado collected over $18 million in marijuana tax revenue and fees in March, bringing the total for the first quarter of the year to over $56 million, according to data released by the Department of Revenue.

The $18,567,384 in marijuana taxes brought in by the state in March brings the total for 2025 to $56,849,469, with the all-time total now standing at $2,932,379,153 since legal sales began in 2014.

The revenue for March came from several sources, including the 15% special sales tax on retail marijuana, a 15% excise tax on wholesale transfers, a 2.9% state sales tax on certain marijuana products, and a variety of license and application fees. Roughly $13.8 million of the total came from the retail marijuana sales tax alone.
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A New York bill that would remove restrictions preventing individuals on parole, probation, or other forms of state supervision from working in the marijuana industry has been approved through a second reading in the state’s Senate.

(Photo credit: GETTY Images).

Senate Bill 6181, sponsored by Senator Kevin Parker (D), would update state law to ensure that individuals required to maintain employment as a condition of their supervision can meet that requirement by working at a licensed marijuana business—unless their specific supervision terms explicitly prohibit it.

The bill adds language stating that a person under state supervision “may fulfill such employment requirement through employment at any licensee under this chapter unless the terms and conditions of said parole, probation, or state supervision explicitly prohibit such person’s employment at such licensee.”
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A bill introduced today in the Washington House of Representatives would impose a significantly higher tax on marijuana products with elevated THC levels.

Marijuana concentrate.

Filed by State Representative Lauren Davis (D), HB 2075 would increase the cannabis excise tax on useable marijuana and concentrates that exceed 35% THC from the current 37% to 50%. Products with THC levels at or below that threshold—including cannabis-infused products—would remain taxed at the existing 37% rate. The measure was referred to the House Finance Committee following its introduction.

The bill is aimed at discouraging consumption of high-potency marijuana, which has become increasingly popular in Washington’s legal market. Lawmakers pushing for higher taxes on such products argue they pose greater public health risks, particularly for adolescents and individuals with mental health conditions.
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Montana Senate Bill 11, a measure that would standardize how cities and counties handle marijuana-related ballot initiatives and tax proposals, has cleared both chambers of the legislature and been sent to Governor Greg Gianforte for consideration.

Montana State Capitol Building.

The measure, introduced by State Senator Forrest Mandeville (R), was officially sent to Governor Greg Gianforte today, following signatures from the Senate president and House speaker. The measure was approved by the Senate on March 31 by a vote of 50 to 0, and it was passed by the House five days prior 99 to 0.

SB 11 creates a statewide framework for local ballot issues, including those to approve or ban marijuana businesses, or to implement local marijuana excise taxes. It establishes uniform rules for petition formatting, signature requirements, legal review, and ballot language—replacing several older statutes with a streamlined and more regulated process.

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A bill that would allow veterans with certain conditions to legally use psilocybin for therapeutic purposes has cleared a key Missouri House committee.

Dried psilocybin mushrooms (photo credit: Shutterstock).

The House Rules – Legislative Oversight Committee has voted 8 to 0 to pass House Bill 829, a measure sponsored by State Representative Richard West (R).

HB 829 would provide legal protections for veterans aged 21 and older who use psilocybin to treat conditions such as posttraumatic stress disorder (PTSD), major depressive disorder, substance use disorder, or who are receiving end-of-life care. To qualify, veterans would need to enroll in a study, notify the Department of Mental Health, and use the substance only under the supervision of a trained and licensed facilitator. The amount used would be limited to no more than 150 milligrams of psilocybin analyte per year.
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The Washington State Senate Ways and Means Committee voted today to advance legislation that would give marijuana farm workers the right to unionize, sending the measure to the full Senate for consideration.

House Bill 1141, which passed the House last month by a 55 to 40 vote, narrowly advanced out of the Senate Committee on Labor and Commerce on April 1 in a 5 to 4 vote. Today, it was given approval by the Senate Ways and Means Committee.

The proposal would place agricultural marijuana workers—those involved in activities such as cultivating, trimming, curing, and sorting cannabis on licensed farms—under the jurisdiction of the Public Employment Relations Commission (PERC), giving them formal collective bargaining rights.
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