Category: Geographical Data
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Legal New York Dispensaries Near Closed Illegal Shops See A 27% Rise In Sales
On May 21st, 2024, New York regulators launched an enforcement task force with the goal of shutting down unregulated cannabis shops that have proliferated the state. The task force’s creation came after lawmakers in New York increased local enforcement powers. In total, over 500 illegal stores have been shuttered, 400 of which were located in…
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Mexico’s CBD Industry Is Projected To Be Worth $675 Million By 2027
This week Mexico’s emerging legal hemp industry passed a major milestone, with Mexico’s Federal Commission for the Protection against Sanitary Risks (COFEPRIS) reportedly authorizing the cultivation of low-THC hemp plants (less than 1% THC content). The announcement came in the form of a letter from the regulatory entity to Semillas Endemicas Mexicanna SA de CV,…
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Analysis: Ohioans Spent More Than $700 Million At Michigan Cannabis Dispensaries In 2023
Michigan legalized cannabis for adult use in 2018, after having already legalized medical cannabis years prior (2008). In November 2023, Ohio became the twenty-fourth state to legalize cannabis for adult use and Ohio regulators are currently accepting applications from aspiring recreational cannabis business operators. Sales could begin as early as next month in Ohio. Many…
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How Many People Have Entered The 2024 California State Fair Cannabis Competition?
The first state fair to feature cannabis was Oregon back in 2016 when the Oregon State Fair hosted a cannabis plant competition. However, cannabis sales and consumption remained prohibited at the 2016 event in Oregon, and the event has long ceased to occur. This year’s California State Fair also features a cannabis competition, and organizers…
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Which Markets Does Cannabis Data Company BDSA Track?
Cannabis data company BDSA describes itself as helping “businesses improve revenues, reduce innovation risk and prioritize market expansion with accurate and actionable cannabis market intelligence, consumer research and advisory services.” “The company provides a holistic understanding of the cannabis market by generating insights from point-of-sale data, consumer research and market forecasts.” BDSA also states. The…
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Did German Legalization Boost European Cannabis Seed Sales?
According to the results of a recent YouGov poll, many German adults have already purchased cannabis seeds or clones after the first provisions of the nation’s recreational cannabis legalization law took effect on April 1st. People 18 years or older in Germany can now cultivate up to three plants in their private residences. Since legalization…
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How Many Jobs Has The Great Smoky Mountain Cannabis Company Created?
The Great Smoky Mountain Cannabis Company opened its doors on April 20th, 2024. The company is owned and operated by the Eastern Band of Cherokee Indians, a federally recognized tribe based in western North Carolina. North Carolina still prohibits medical and adult-use cannabis, however, the Eastern Band of Cherokee Indians is a sovereign nation, and…
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Ohio Has Received 219 Adult-Use Cannabis Business License Applications
According to the Ohio Department of Commerce’s public information officer, and as reported by 13ABC, “as of Friday at noon 219 applications have been filed to convert active medical marijuana licensees to dual-use cannabis licensees.” In Ohio, current owners of medical cannabis business licenses get to apply first before non-license owners. Current applicants are applying…
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Argentina Medical Cannabis Market Projected To Reach $37 Million By 2026
In 2017, Argentina adopted a law legalizing the medicinal use and research of cannabis and its derivatives. However, that measure’s approval proved to be largely symbolic during President Mauricio Macri’s tenure. His successor, President Alberto Fernández, issued a decree in 2020 that greatly increased safe access in the South American country. The decree legalized home…
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How Much Is Brazil’s Legal Cannabis Market Worth?
Starting in 2015, tetrahydrocannabinol (THC) and cannabidiol (CBD) derived from cannabis are allowed for medicinal use under certain conditions imposed by the Brazilian Health Regulatory Agency (ANVISA). In March 2020, Brazil issued its first domestic medical cannabis production license. Brazil’s medical cannabis industry is fairly restrictive compared to what is found in North America and…