Author: Johnny Green

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According to the Nova Scotia Liquor Corporation, and as originally reported by StatCann, the Canadian province’s Crown corporation, which operates 49 retail cannabis locations, sold $121 million worth of cannabis in 2023. “Cannabis transactions increased by 12.2%, but the average basket size decreased by 3% to $37.27, along with a 4% reduction in the average price…

San Diego County To Issue 13 Cannabis Business Licenses Through Social Equity Cannabis Program

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San Diego County is launching a new social equity cannabis program with the goal of helping people that were previously negatively impacted by cannabis prohibition policies get into the state’s emerging legal cannabis industry. Applications for the San Diego County Cannabis Social Equity Program are now open for individuals previously incarcerated for cannabis offenses. The…

Legal Cannabis Market Projected To Reach $148.4 Billion By 2031

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The legal global cannabis market is projected to reach an estimated value of $148.4 billion by 2031 according to a recent market analysis by Skyquest Technology. The entity describes itself as “an IP focused Research and Investment Bank and Accelerator of Technology and assets.” “SkyQuest projects that the Global Cannabis Market will attain a value…

Researchers Find That CBD May Improve Acne Scarring

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in CBD And Hemp Data

Researchers have determined that cannabidiol (CBD) “addressed multiple facets of acne pathophysiology and improved acne scarring overall” in a recent study. The study’s findings were published by Dermatology Times. The team of investigators explored CBD’s reported anti-inflammatory and lipid-modulating properties by preparing “CBD at 6 different concentrations: 0.1, 1, 5, 10, 50 and 100 µM”…

Illinois Sold $146 Million Worth Of Legal Recreational Cannabis In May 2024

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Illinois’ legal adult-use cannabis industry continues to post strong numbers, with the state’s licensed recreational cannabis retailers selling over $146 million worth of products in May 2024, an increase over April 2024 when the state’s retailers sold roughly $144 million worth of cannabis products. Illinois became the 11th state to adopt a statewide adult-use cannabis…

Arizona Recreational Cannabis Market Now Nearly Four Times The Size Of The Medical Market

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Registered medical cannabis patient numbers and medical sales totals decreasing alongside rising adult-use sales is a common trend in states that first legalized medical cannabis commerce and then legalized recreational cannabis commerce. A recent example can be found in Arizona. “After the medical side recorded consecutive lows in December 2023 and January 2024 at $25.4…

Global Cannabis Testing Market Projected To Reach $2.4 Billion By 2027

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in Sector Data

Allied Market Research recently published a new report titled, “Cannabis Testing Market by Product, Test Type, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2027,” and the report is projecting significant growth for the global cannabis testing sector. “The global cannabis testing market was valued at $ 1,029 million in 2019, and is projected…

How Many People Consume Cannabis Worldwide?

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The United Nations Office on Drugs and Crime (UNODC) recently released its ‘2024 World Drug Report’ which listed, among other things, facts about global cannabis use. The report’s details were covered at length in Marijuana Moment‘s original coverage. “As for cannabis, which UNODC calls in the new report “by far the world’s most commonly used drug,”…

Global Cannabis Food And Beverage Market Projected To Reach $2.63 Billion By 2026

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