Category: Geographical Data
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How Many Licensed Dispensaries Does Maryland Have?
Maryland voters approved the state’s recreational cannabis legalization law in November 2022. In the spring of 2023, Maryland’s Legislature passed the accompanying Cannabis Reform Act (H.B. 556/S.B. 516), with the measure taking effect on May 3, 2023. Adult-use cannabis sales began in Maryland on July 1, 2023, with recreational cannabis products being subjected to a…
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How Many Medical Cannabis Business Licenses Is Kentucky Issuing?
Cannabis industry regulators are currently accepting applications for medical cannabis business licenses in Kentucky. On March 31st, 2023, Kentucky Governor Andy Beshear signed Senate Bill 47 into law. The measure legalized medical cannabis in Kentucky, effective January 1st, 2025. According to local reporting by WDRB, there will be four types of licenses available: Cultivator: responsible…
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Legal Cannabis Market In Germany Projected To Reach $4.6 Billion By 2034
The value of Germany’s legal cannabis market is projected to reach an estimated $4.6 billion by 2034 according to a recent industry analysis by The Niche Research. The Niche Research predicts that Germany’s legal cannabis industry will experience a compound annual growth rate (CAGR) of 17.2% between this year and 2034. Germany’s home cultivation sector…
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Nova Scotia Sold $121 million Worth Of Cannabis Products In 2023
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…
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San Diego County To Issue 13 Cannabis Business Licenses Through Social Equity Cannabis Program
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…
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Legal Cannabis Market Projected To Reach $148.4 Billion By 2031
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…
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Illinois Sold $146 Million Worth Of Legal Recreational Cannabis In May 2024
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…
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Arizona Recreational Cannabis Market Now Nearly Four Times The Size Of The Medical Market
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…
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How Many People Consume Cannabis Worldwide?
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,”…
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University Of Missouri Researchers Suggests Using Hemp To Boost Grazing Pastures
Frequent droughts in Missouri in recent years have livestock producers exploring different crops that may be more adaptable for summer pasture options compared to common pasture crops. Researchers at the University of Missouri have studied hemp for this purpose, and their findings are promising. The hemp plant uses considerably less water to produce a solid…