Author: Johnny Green

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Cannabis opponents have claimed that the opening of legal cannabis dispensaries in a given area will harm the area’s viability. However, a recent study involving data from Oregon, Colorado, Washington, Michigan, and Illinois have found that legal cannabis dispensaries are associated with home values increasing faster in neighborhoods where dispensaries are located in. Will Begeny,…

Cannabis Tax Revenues Are Down In Santa Barbara County, California

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In a trend that can be found throughout the State of California, local cannabis tax revenues in Santa Barbara County are lower than anticipated. Legal cannabis sales in California continue to underperform as the legal industry battles the still-thriving unregulated market. “The shortfall for this fiscal year, covering June 2023 through June 2024, will likely…

How Many Recreational Cannabis Business Licenses Is Minnesota Issuing?

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Starting in July 2024, people who qualify under Minnesota’s social equity provisions of the state’s adult-use cannabis law can start applying for recreational cannabis business licenses. Minnesota became the 23rd state to legalize cannabis for recreational use when lawmakers adopted an adult-use legalization measure in 2023. Minnesota’s adult-use cannabis legalization measure became effective on August…

How Many Cannabis Microbusiness Licenses Has Missouri Issued?

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Missouri’s Division of Cannabis Regulation recently posted the results of a random lottery drawing it conducted to award cannabis microbusiness licenses to qualified entities. It was the second of three expected rounds of microbusiness licenses to be awarded, per Article XIV, Section 2 of the Missouri Constitution. “More than 2,000 applicants applied between April 15-29.…

Legal Cannabis Sales Are Declining In California

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California is considered by many cannabis enthusiasts to be the best state in the U.S. for cannabis. California was the first state to ever pass a medical cannabis legalization measure in 1996, and voters in California approved recreational cannabis legalization in 2016. Unfortunately, California’s legal recreational cannabis industry has struggled since its inception, with many…

California Cannabis Tax Revenue Fund Grantees Receive Over $46 Million

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The California Governor’s Office of Business and Economic Development (GO-Biz) recently announced a new round of cannabis tax revenue community investments. This batch of grants for fiscal year 2023-2024, which was awarded to grantees from the California Community Reinvestment Grants program (CalCRG), went to 30 different organizations and involved a total of $46.6 million in…

How Many Cannabis Product Recalls Has California Issued In 2024?

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In nearly every industry involving products that humans consume, government-mandated recalls will occur for various reasons. For the emerging legal cannabis industry, product recall efforts are a market component that differentiates it from the unregulated cannabis industry. Ideally, product recalls would never occur because cannabis products would always be uniform. However, the reality is that…

Michigan’s Legal Cannabis Industry Outsold California In March 2024

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California has long been associated with cannabis, with the Golden State being home to the famed Emerald Triangle where a thriving cannabis cultivation community has operated for several decades. California was the first state to adopt medical cannabis legalization back in 1996, and in 2016 the state’s voters approved recreational cannabis legalization. However, California appears…

How Many Hemp Businesses Are Located In Louisiana?

Jun 4, 2024

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