Author: Johnny Green
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New Jersey Recreational Cannabis Sales Totaled $201 Million In First Quarter Of 2024
New Jersey’s 130 licensed adult-use cannabis dispensaries sold roughly $201 million in recreational cannabis sales during the first three months of 2024, about 4.4% more than what was sold during the last quarter of 2023. Legal recreational cannabis sales totaled $192.6 million in New Jersey during the last quarter of 2023. “New Jersey’s recreational cannabis…
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Ohio Medical Cannabis Sales Were Over $54 Million In March
Ohio’s 123 licensed medical cannabis dispensaries sold over $54 million worth of medical cannabis products in March 2024 according to new data released by the Ohio Division of Cannabis Control, up from $38.4 million total sales in February 2024. March’s sales figures were also an increase over March 2023 sales totals. The first legal medical…
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U.S. Cannabis Industry May Save Over $2 Billion A Year On Taxes Under Schedule III
The federal government of the United States recently announced that a plan to reschedule cannabis from Schedule I to Schedule III is moving forward. While the policy change will yield various potential ramifications, a generally accepted effect of rescheduling is the end of state-legal cannabis businesses being subjected to 280E tax provisions. The 280E provision…
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What Does Illinois Spend Its Cannabis Tax Revenue On?
On June 25, 2019, Illinois Governor JB Pritzker signed House Bill 1438. The legislation made Illinois the 11th state to legalize recreational cannabis and provided for the eventual legal sales of adult-use cannabis products through licensed retail outlets. On January 1, 2020, the first legal adult-use cannabis purchase was made in Illinois, and since that…
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In 2023 Germany Imported 34.6 Tons Of Cannabis Products
Germany is currently home to the largest legal medical cannabis market in Europe, and also home to the third largest overall economy on Earth. Due to historical quota limitations on domestic medical cannabis production, Germany has imported a lot of the supply for its medical cannabis program from other nations. According to data recently published…
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67% Of Colorado Voters Still Support Regulating Cannabis Sales
Colorado, along with Washington State, passed an adult-use legalization measure in 2012 on Election Day. The two states were the first to ever pass statewide recreational cannabis legalization measures, and due to Colorado being in a different time zone, it was technically the very first state to legalize. The first legal recreational cannabis purchase in…
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Legal Canadian Cannabis Sales Dropped In February 2024
Canada became the first G-7 nation to adopt a national recreational cannabis legalization measure back in 2018, and the second country to ever pass a national adult-use legalization measure, only behind Uruguay which passed legalization in 2013. The recreational Canadian market is the largest national adult-use market on the planet, with consumers having a number…
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Medical Cannabis Sales In Arkansas Reached $44.8 Million In February And March 2024
According to Arkansas’ Department of Finance and Administration, registered Arkansas medical cannabis patients bought $44.8 million worth of medical cannabis products in February and March 2024. “The DFA reported that in February, patients spent $22.1 million to purchase 5,612 pounds. In March, they spent $22.7 million to buy 6,069 pounds.” stated KAIT8 in its initial…
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Arkansas’ Medical Cannabis Program Surpasses 100,000 Patients Mark
On November 8, 2016, Arkansas voters approved Amendment 98 which legalized cannabis for medical use by suffering patients in the state. The measure was approved by 53% of Arkansas voters, making Arkansas the 33rd state in the United States to adopt a medical cannabis legalization measure. In 2017, the Arkansas Legislature made various revisions to…
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Legal Cannabis Sales In Arizona Topped $1.4 Billion In 2023
Legal cannabis sales in Arizona totaled more than $1.4 billion in 2023, marking the third consecutive year that the state surpassed the $1.4 billion sales total. Arizona’s legal cannabis market continues to transition more toward recreational cannabis sales and less medical cannabis sales. On November 2, 2010, Arizona voters approved the state’s medical cannabis initiative…