Author: Johnny Green
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Total Arkansas Medical Cannabis Sales Top $1 Billion In 5 Years
After several delays, the first legal medical cannabis product purchase was made in Arkansas on May 11, 2019. The average reported price for flower on opening day in Arkansas ranged from $395 to $420 an ounce. Since that time, Arkansas has sold a considerable amount of legal medical cannabis, with the state’s licensed dispensaries selling…
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How Many Banks Work With The U.S. Cannabis Industry?
Currently, 24 states have legalized cannabis for adult use in the United States, and several others have legalized cannabis for medical use. The state-legal industry in the United States is growing with every passing year, and yet, the number of financial institutions and services that work with the cannabis industry still lags behind other large…
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64% Of Americans Support The SAFER Banking Act According To New Poll
State-legal cannabis companies in the United States may not experience as many banking issues as they did in past decades, however, it’s still a major issue facing the nation’s emerging cannabis industry. For years, cannabis advocates have pushed for comprehensive, national banking reform in the United States. The SAFER Banking Act has garnered considerable support…
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Germany And UK Projected To Have 77% Of Europe’s Medical Cannabis Market By 2028
Germany and the United Kingdom are projected to control an estimated 77% of Europe’s emerging legal medical cannabis market by 2028 according to a new analysis by The Dales Report. “This growth is driven by both expanding legal frameworks and an increasing acknowledgment of the therapeutic benefits of cannabis. As both nations continue to refine…
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Cannabis Business Licenses Lowered In First Quarter Of 2024 In North America
As the legal cannabis industries in Canada and the United States continue to increase in size, the total number of cannabis industry licenses in both markets was lower in the first quarter of 2024 compared to previous periods. “The pace of cannabis business licensing in North America slowed in the first quarter of 2024, with…
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Legal North America Cannabis Industry Projected To Reach $298.5 Billion Value By 2032
North America’s cannabis industry is growing at a significant rate, as demonstrated in a recent analysis by Research and Markets. The company recently estimated that the legal cannabis industry in North America was worth $35.6 billion in 2023, and will experience strong growth in the coming years. “The North America legal cannabis market size reached…
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Are Publicly Traded U.S. Cannabis Companies Profitable?
The legal cannabis industry in the United States is made up of a patchwork of markets, laws, rules, and regulations. Currently, 24 states have passed adult-use legalization measures and even more states have adopted medical cannabis legalization measures. Washington D.C. has also legalized cannabis for both medical and adult use. A handful of companies operating…
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Roughly 2% Of Local Governments In Ohio Prohibit Recreational Cannabis Businesses
In 2023 Ohio became the 24th state to approve a statewide adult-use legalization measure. Ohio’s legalization model permits adult use sales, which are expected to start as early as next month. Regulators estimate that there will be between 250-300 adult-use dispensaries once the legal recreational industry is fully operation in Ohio. However, not every jurisdiction…
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Global Cannabis Packaging Market Projected To Reach $9.06 Billion By 2030
Research and Markets recently published a new report projecting that the global cannabis packaging market will reach an estimated $9.06 billion in value by 2030, “expanding at a CAGR of 22.7% from 2024 to 2030.” “The growing legalization of cannabis consumption for medical and recreational use is contributing to market growth.” Research and Markets stated…
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Global Cannabis Testing Market Estimated To Grow By $1.5 Billion From 2023-2027
The world’s cannabis testing market is projected to increase in size by $1.5 billion by 2027 according to a new report by Technavio, growing “at a CAGR of about 13.06% during the forecast period.” “The cannabis testing market encompasses a range of applications, including the detection and quantification of heavy metals and residual solvents in…