Category: Geographical Data
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Legal Cannabis Sales Contributed $258.8 Million To Quebec’s Government In The Last Fiscal Year
Canada’s government legalized cannabis for adult use in October 2018, however, each province and territory was allowed to create many of their own laws, rules, and regulations, particularly as it pertained to cannabis commerce. In Quebec, only the Société québécoise du cannabis (SQDC) is authorized to sell cannabis. The SQDC describes itself as selling cannabis…
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Legal Missouri Cannabis Sales Reached $123.7 Million In May 2024
Legal adult-use cannabis sales launched in Missouri in February 2023, and in less than 30 days Missouri’s then nearly 200 dispensaries made roughly $72 million in sales. Missouri’s medical cannabis sales added an addition $31 million to the total amount of legal sales in Missouri during the period. Per original reporting by Marijuana Moment, during the first…
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Does Canada Produce Too Much Legal Cannabis?
Canada’s legal cannabis industry is good at producing cannabis products. In fact, it’s likely a bit too good at producing such products. Canada first legalized cannabis for recreational use in October 2018, and by August 2020, companies in Canada already had an excess of roughly 600,000 kilograms of unpackaged dried flower and 46,413 more kilograms…
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Home Values Increase Faster Near Legal Dispensaries According To Study
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,…
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Cannabis Tax Revenues Are Down In Santa Barbara County, California
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…
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How Many Recreational Cannabis Business Licenses Is Minnesota Issuing?
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…
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How Many Cannabis Microbusiness Licenses Has Missouri Issued?
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.…
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Legal Cannabis Sales Are Declining In California
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…
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California Cannabis Tax Revenue Fund Grantees Receive Over $46 Million
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…
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How Many Cannabis Product Recalls Has California Issued In 2024?
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…