Tag: united states
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79% Of Americans Live In A County With At Least One Cannabis Dispensary
The first legal adult-use cannabis purchase from a licensed dispensary in United States history occurred in Colorado in 2014. Medical cannabis dispensaries were around prior to that in several states, with some of them being regulated and some operating in legal grey areas. Zooming forward to February 2024, and 79% of people living in the…
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Are Major North American Cannabis Stocks Profitable?
When it comes to cannabis stock offerings, North America’s emerging cannabis market is likely the first thing that pops into people’s minds. Canada became the first G-7 nation to legalize cannabis nationally for adult-use in 2018. Cannabis remains prohibited at the federal level in the U.S., however, 24 states have adopted recreational cannabis legalization measures.…
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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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U.S. Medical Cannabis Enrollment Is Up Overall In 2024 But Down In Most Rec States
California became the first state to ever pass a medical cannabis legalization measure back in 1996, and since that time, dozens of other states have done the same. What constitutes medical cannabis legalization has evolved since the 1990s, with states ranging from allowing medical cannabis program approval for any condition to limiting medical cannabis reform…
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Cannabis Legalization Associated With 9% Increase In College Enrollments
A researcher associated with the Department of Economics at the University of Oklahoma recently examined college enrollment rates and state-level recreational cannabis laws. The results of the study were published in Economic Inquiry. “This paper examines how recreational marijuana legalization (RML) affects first-time college enrollment in the US using a unique college-level dataset and various…
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How Accurate Are Cannabis Product Lab Tests?
In every legal cannabis market in the United States lab testing is required for cannabis harvests and processing. Testing cannabis for cannabinoid levels and potential contamination is a hallmark of the regulated cannabis industry, and provides the legal industry with a distinct advantage over the unregulated cannabis market. A team of researchers in the United…
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What Is The Average Wholesale Price For A Legal Pound Of Cannabis In The U.S.?
Cannabis industry data company Cannabis Benchmarks tracks the price of legal cannabis flower across United States markets. As of the week ending May 24, 2024, the average price for a pound of legal cannabis flower was $1,031. “At $1,031 per pound, the U.S. Spot Index is down 4.3% this year from the 2023 closing price…
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73% Of Americans Want Legalization To Benefit Cannabis Workers
The Parabola Center has released the results of a recently conducted survey which found that 73% of poll participants want cannabis legalization to benefit employees that work in the emerging legal cannabis industry. According to its website, the Parabola Center is “a nonpartisan think tank of legal professionals and drug policy experts coming together to…
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Daily Cannabis Use Outpaced Daily Alcohol Use For First Time In U.S.
The cannabis consumer base in the United States is starting to outpace the alcohol consumer base, at least when it comes to daily use. According to freshly published results of an analysis involving several decades of usage data, daily cannabis use outpaced daily alcohol use in the U.S. in 2022. A research effort led by…
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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…