Tag: legal marijuana

Alaska Garnered $2.4 Million in Taxes From Legal Marijuana Sales in April, $23.5 Million Fiscal Year-to-Date

Alaska, with a population of less than 750,000, continues to bring in millions each month in marijuana tax revenue. According to data released by the Tax Division of the Alaska Department of Revenue, the state made a total of $2,398,053 in tax revenue from the legal distribution of marijuana in April alone. $1,129,976 of this …

Continue reading

Nevada Legislature Approves Bill to Increase Marijuana Possession Limit by 250%

A Nevada bill that would drastically increase the possession limit for legal marijuana and marijuana concentrates has been passed by the state’s full legislature. Senate Bill 277 was passed Friday through the Assembly 28 to 14, five days after it passed the Senate 14 to 6. This allows the legislation to be sent to Governor …

Continue reading

Massachusetts: Over $146 Million in Legal Marijuana Sold in May

There was $146.3 million in legal marijuana sold in May in Massachusetts. According to the Massachusetts Cannabis Control Commission, licensed marijuana stores sold $128.7 million worth of recreational marijuana and marijuana products in May. This marks a slight increase from the $125 million sold in April, and is roughly on par with the $129.4 million …

Continue reading

$245 Million in Legal Marijuana Purchased in Michigan in May

In May those 21 and older in Michigan purchased $245 million worth of legal marijuana and marijuana products. According to data released by Michigan’s Cannabis Regulatory Agency, in total legal marijuana stores in Michigan sold $245,919,258.96 worth of product in May. There was $238,867,535 in recreational marijuana sold, and $7,051,723.96 worth of medical marijuana. The …

Continue reading

Maine: $17.2 Million in Legal Marijuana Sold in May, New Monthly Record

There was $17.2 million in marijuana and marijuana products sold legally in Maine in the month of May. According to the Maine’s Office of Cannabis Policy, there was $17,264,322 in legal marijuana sold in May, a modest but noticeable increase from the $16,289,077 sold in April. This beats the previous record of  $17,042,278 set in …

Continue reading

Rhode Island: $8.89 Million in Legal Marijuana Purchased in May, New Monthly Record

Legal marijuana stores sold nearly $9 million in legal marijuana in May, a new monthly record for the state with a population of just less than 1.1 million. According to data released by the Rhode Island Department of Business Regulations, there was $6,037,183.97 in recreational marijuana sold in May, as well as $2,979,828.99 worth of …

Continue reading

Oregon: Nearly $80 Million in Legal Marijuana Sold in May, Price Per Gram Down to $3.81

There was just shy of $80 million in legal marijuana sold in May in Oregon. In total Oregon marijuana stores sold $79,071,330 worth of marijuana and marijuana products. This is slightly less than, but roughly on par with, the $80.7 million sold in April and the $81 million sold in March. It’s about 6% less …

Continue reading

Massachusetts: Cost of Legal Marijuana Drops to All-Time Low of $6.05 Per Gram

The cost of marijuana in Massachusetts is now just $6.05 a gram, according to data released by the Cannabis Control Commission The average price per gram of legal marijuana in Massachusetts dropped from $6.63 in March, to $6.05 in April. The previous all-time low was $6.15 in January. The roughly $6 per gram average marks …

Continue reading

New York Senate Passes Bill Allowing Tax Deductions for Marijuana Businesses

Just three days after its introduction a New York bill to allow marijuana businesses to take standard state tax deductions has been passed by the full Senate. Senate Bill 7508, filed by Senator Luis Sepulveda, has now been sent to the state Assembly. Passage in the Assembly would put the measure before Governor Kathy Hochul. …

Continue reading

Illinois: $132 Million in Legal Marijuana Sold in May, Year-to-Date Total Almost $650 Million

According to data released by the Illinois Department of Financial and Professional Regulation, the state sold over $130 million worth of legal marijuana and marijuana products in May In May, there was $132,777,299.46 in legal marijuana purchased in Illinois. Of this, $100 million was purchased by those living in Illinois, with the remaining $32.7 million sold …

Continue reading