recreational cannabis sales

Connecticut’s cannabis market is showing indications of a continued upward trajectory, according to last month's combined marijuana sales. The data from the state Department of Health and Human Services revealed recreational cannabis sales reached $17.9 million in August, while medical sales...

Washington, D.C.'s medical market could perish within the next three months if the downtrend burdened by the underground market and neighboring Maryland continues. That's according to Grace Hyde, the owner of District Cannabis. "If enforcement doesn't meaningfully begin by the end of July and start...

The number of states where recreational weed is legal is growing each year. Top-selling states like California and Michigan have reported $2.1 billion and $1.6 billion, respectively, in recreational cannabis sales for the first half of 2024, as reported by Green Market Report's Debra Borchardt....

In Florida, where a ballot initiative to legalize recreational marijuana this coming November is drawing unprecedented financial support, two new stores recently kicked off medical cannabis sales. Cannabis retail chain RISE Dispensaries, owned by Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF...

48 New Cannabis Winners In Missouri’s Second Lottery Round Missouri's second round of the cannabis licensing lottery elected 48 applicants to obtain cannabis microbusiness permits, out of 2,000 applicants who applied between April 15-29. This was the second random lottery drawing out of...

Local Leaders In Queens Are Against Licensed Pot Shops, Here's Why Some New York City politicians don't want any new licensed cannabis shops until illegal ones are eradicated, reported the New York Post. Sherry Algredo, chairwoman of Queens Community Board 9 reached out to state regulators to...

Oklahoma's marijuana legalization initiative, State Question 820, would have allowed adults 21 and older to buy cannabis from licensed retailers for the state to regulate and tax sales, but voters didn't seem to want that last week. Over 61% of voters said no...

Arizona voters approved recreational marijuana in 2020 with the passage of Proposition 207, also known as the “Smart and Safe Arizona Act.” The medical marijuana market began in 2012, following the passage of the Arizona Medical Marijuana Law in 2010. How Are Arizona's Cannabis...

The first recreational cannabis sales in New York began on Dec. 29, the State’s Office of Cannabis Management (OCM) missed a deadline mandated by NY's cannabis law to produce a Social and Economic Equity Plan, reported Syracuse.com. By January 1, 2023, the Marihuana Regulation...

Annual legal medical and recreational sales are estimated to grow at a compound annual growth rate (CAGR) of 21%, hitting more than $41 billion by 2025, compared to $13.2 billion in 2019; That's according to recent data compiled by cannabis-oriented analytics company, New Frontier Data. The...