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Legal Cannabis States Raked In $20B Since 2014, Peaking At $4B In 2023, New Report Shows
Wednesday, May 8, 2024 - 4:11pm | 811Marijuana Policy Project (MPP) released a comprehensive report showing that states with legalized adult-use cannabis have collectively generated over $20 billion in tax revenue through the first quarter of 2024. This revenue has been instrumental in funding essential public services and fostering...
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Hawai'i Senate Approves Cannabis Legalization Bill Allowing Home Grow, Tax Structure & More
Wednesday, March 6, 2024 - 11:16am | 906The Hawai’i State Senate passed a bill Tuesday that would legalize and regulate cannabis for adults, with a focus on public safety. The legislation is now heading to the Hawai'i House of Representatives. Before reaching the Senate floor, SB 3335 SD2, was approved by four...
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Breaking Records: Colorado Marijuana Sales Hit Almost $2.3B In 2021
Thursday, February 10, 2022 - 10:54pm | 291Colorado marijuana dispensaries set a new sales record in 2021, according to the state's Department of Revenue (DOR), selling almost $2.3 billion, reported Westword. Colorado marked a record $423 million in tax revenues from cannabis sales in 2021, according to the state’s...
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Is Cannabis Legalization On The Horizon In Maryland? Top Lawmaker Unveils Marijuana Referendum Bill
Tuesday, December 28, 2021 - 4:09pm | 445After months of exploring the ins and outs of legalizing recreational cannabis, Maryland lawmaker Luke Clippinger (D) pre-filed a bill to put marijuana legalization on the state’s 2022 ballot, Forbes reported. The move came months after forming a ten-member Cannabis Referendum and...
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Maryland Medical Cannabis Sales Reached $1 Billion Since Rolling Out
Wednesday, April 28, 2021 - 4:07pm | 369Since December 2017 when medical cannabis sales in Maryland got underway, the state has generated over $1 billion in cannabis retail sales, according to Marijuana Business Daily. Quarterly sales of $60.5 million in 2019 nearly doubled in the same period of 2020, reaching $115 million. In...
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Cannabis Regulatory Update: Senators Reintroduce SAFE Act, Maryland Cannabis Bill Fails, Michigan Sales Soar
Wednesday, March 24, 2021 - 2:06pm | 483Senators Reintroduce SAFE Banking Act While last week, the SAFE Banking Act was reintroduced in the U.S. House of Representatives on Tuesday, while a parallel bipartisan measure was also represented, reports Marijuana Business Daily. Sens. Jeff Merkley, a Democrat from Oregon, and Steve Daines, a...