Tag: united states
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Indigenous Tribes Now Own 59 Dispensaries In 9 U.S. States
The emerging legal cannabis industry in the United States extends beyond state-level legalization to sovereign tribal nations. Many indigenous tribal nations have entered the legal cannabis space in recent years, including launching retail medical and adult-use cannabis outlets. According to recent reporting by MJBiz Daily, tribally owned cannabis retail outlets increased 25% since 2023. “Nationwide, the…
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How Many Banks Work With The U.S. Cannabis Industry?
Currently, 24 states have legalized cannabis for adult use in the United States, and several others have legalized cannabis for medical use. The state-legal industry in the United States is growing with every passing year, and yet, the number of financial institutions and services that work with the cannabis industry still lags behind other large…
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64% Of Americans Support The SAFER Banking Act According To New Poll
State-legal cannabis companies in the United States may not experience as many banking issues as they did in past decades, however, it’s still a major issue facing the nation’s emerging cannabis industry. For years, cannabis advocates have pushed for comprehensive, national banking reform in the United States. The SAFER Banking Act has garnered considerable support…
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Cannabis Business Licenses Lowered In First Quarter Of 2024 In North America
As the legal cannabis industries in Canada and the United States continue to increase in size, the total number of cannabis industry licenses in both markets was lower in the first quarter of 2024 compared to previous periods. “The pace of cannabis business licensing in North America slowed in the first quarter of 2024, with…
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Legal North America Cannabis Industry Projected To Reach $298.5 Billion Value By 2032
North America’s cannabis industry is growing at a significant rate, as demonstrated in a recent analysis by Research and Markets. The company recently estimated that the legal cannabis industry in North America was worth $35.6 billion in 2023, and will experience strong growth in the coming years. “The North America legal cannabis market size reached…
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Are Publicly Traded U.S. Cannabis Companies Profitable?
The legal cannabis industry in the United States is made up of a patchwork of markets, laws, rules, and regulations. Currently, 24 states have passed adult-use legalization measures and even more states have adopted medical cannabis legalization measures. Washington D.C. has also legalized cannabis for both medical and adult use. A handful of companies operating…
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Global Cannabis Packaging Market Projected To Reach $9.06 Billion By 2030
Research and Markets recently published a new report projecting that the global cannabis packaging market will reach an estimated $9.06 billion in value by 2030, “expanding at a CAGR of 22.7% from 2024 to 2030.” “The growing legalization of cannabis consumption for medical and recreational use is contributing to market growth.” Research and Markets stated…
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Global Medical Cannabis Market Projected To Reach $82.5 Billion By 2030
The global legal medical cannabis market is projected to reach $82.5 billion by 2030 according to a new report by Research and Markets. The legal medical cannabis market was worth an estimated $32.3 billion in 2023 according to the report. “Extract Form Marijuana, one of the segments analyzed in the report, is expected to record…
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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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Cannabis Seizures At U.S./Mexico Border Have Dropped 98% Since 2013
According to data published on the United States Customs and Border Protection website, federal law enforcement agents seized a record low 61,000 pounds of cannabis at the U.S./Mexico border in 2023. “The total represents a 29 percent decline from 2022 and a 98 percent decline in seizure activity since 2013, when the agency reported interdicting more…