Tag: california
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Study Finds That Louisiana Collected Nearly $1 Million In Cannabis Taxes In 2023
Technically, Louisiana passed a medical cannabis therapeutic measure back in 1978 (Act No. 725). However, that law never became operational since the Louisiana Department of Health never followed through with the law’s mandate to source cannabis for approved cancer and glaucoma patients. The law has since been amended several times over the years. “Initially, Louisiana’s…
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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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How Much Legal Cannabis Was Sold On 4/20 In 2024?
April 20th is the most popular day of the year for cannabis consumption, with the date serving as the annual day of celebration for the global cannabis movement, particularly in the United States where the tradition is reported to have started in the 1970s. Every year licensed cannabis retailers across the country try to gain…
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What Are The Best And Worst U.S. Cities For Cannabis Businesses And Consumers?
Colorado and Washington State made history in 2012 when their voters became the first in the United States to ever pass a statewide adult-use legalization measure. Since that time, 22 other states and the District of Columbia have also passed adult-use cannabis legalization measures, many of them permitting legal recreational cannabis commerce. Cannabis remains illegal…
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How Many People Have Jobs In The U.S. Cannabis Industry In 2024?
One of the largest societal benefits of modernizing cannabis policies to permit a regulated cannabis industry is job creation. Every jurisdiction on earth can benefit from job creation, and the emerging legal cannabis industry can create viable jobs in nearly every area to some degree, whether it be in production, storage, retail, or ancillary services.…
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How Much Are Legal U.S. Cannabis Sales Projected To Be In 2024?
The United States legal cannabis industry remains a patchwork of state-level laws and conflicting federal policies. Yet, despite the public policy hurdles and chaos, the emerging legal industry in the U.S. is thriving in places where it is allowed to operate. According to the Pew Research Center, “Since Colorado and Washington became the first states…