This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
From early failed attempts at approving medical marijuana to the historic 2020 vote that saw both medical and recreational cannabis on the ballot simultaneously, it has been a challenging battle for cannabis advocates in South Dakota. If authorized, medical patients can cultivate up to two flowering and two non-flowering cannabis plants.
As debates heat up over recreational cannabis, all eyes turn to Ohio and its potential legalization. Ohio, often viewed as a bellwether state, now faces a defining question: Will it join the growing roster of states opting to launch legal recreational marijuana markets? in recent years. Passions run deep on both sides.
May totals dropped to $23,105,926.95, the lowest monthly sales total since before Illinois legalized recreational cannabis (January 2020). Total retail sales for 2024 reached $147,266,853.89. Monthly Totals for 2024: January: $24,338,551.30 In June, Illinois dispensaries sold $11,112,600.33 in concentrates/infused products.
The Decline of Medical Marijuana in Massachusetts: What It Means for Patients In recent years, Massachusetts, once a pioneer in cannabis reform, has seen its medical marijuana program gradually overshadowed by the booming recreational market. By early 2024, this number had plummeted to below 56,000.
Pew Research Center “found that 88% of US adults are on board with marijuana legalization for either recreational or medical use.” There is a great amount of detail that goes into cultivating a successful crop of cannabis consistently. As of Nov. Americans have and continue to support cannabis legalization.
were the second-lowest monthly sales total since Illinois legalized recreational cannabis (January 2020). Only June 2024 (the previous month) medical cannabis sales totals of $23,105,926.95 Total retail sales for 2024 reached $170,617,973.63. Monthly Totals for 2024: January: $24,338,551.30 July totals of $23,351,249.87
Monthly totals have hovered around $23 million for the past three months, which has been the top three lowest-monthly totals since Illinois legalized recreational cannabis (January 2020). Total retail sales for 2024 reached $194,130,227.26. Monthly Totals for 2024: January: $24,338,551.30 August totals reached $23,512,759.13.
27, 2024, and serves recreational consumers. For a live recreational menu, visit here. Our Mission at Parkway Dispensary is to provide an unparalleled customer experience that cultivates lifelong connections. Parkway Fox Lake is located at 31 Towne Centre Lane in Fox Lake, Illinois. The retail store opened Sept.
states and the District of Columbia currently have legal cannabis, medical or recreational. It prohibits cannabis possession, use, purchase, sale, or cultivation, whether for recreation or medical purposes. Kansas Kansas prohibits cannabis use for both medical and recreational purposes. Like Idaho, CBD with less than.3%
Following closely on the heels of both New York and New Jersey enacting recreational cannabis laws, New Mexico and Virginia have enacted their own laws allowing adults to use cannabis for recreational purposes. Virginia Recreational Cannabis Law. Retail sales will not begin until January 1, 2024.
The retail store opened May 3, 2024, and serves recreational consumers. For a live recreational menu, visit here. According to Cookies, “Cookies is the most globally recognized cannabis company, founded in 2010 by Billboard-charting rapper and entrepreneur Berner and Bay Area breeder and cultivator Jai. seven days a week.
In fact, only one cannabis-related bill, House Bill 1443 (HB1443), has been passed since recreational legalization in January 2020. Since then, not one topic mentioned in the 6-part series has been addressed legislatively or otherwise. Legislators and stakeholders are looking to pass the bills during the lame-duck session in January 2025.
(Suite A) in Collinsville, Illinois, serves recreational customers. Revolution Maryville, owned and operated by Illinois-based cultivator Revolution Cannabis , opened its doors Feb. Hours of operation are 9 a.m.-8 Monday through Saturday and 10 a.m.-6 For a live menu, click here. Customer satisfaction is the cornerstone of what we do.
The state gave medical cannabis dispensaries the green light to sell to the state’s new recreational customers. Other licenses will begin getting issued in 2024. Residents can cultivate up to two plants for personal use. Maryland defines adults as 21 and older, limiting them to 1.5 ounces of cannabis.
Germany To Finally Legalize Marijuana In a historic move, Germany is finalizing plans to legalize recreational cannabis. They also want to allow for home cultivation and cannabis social clubs, which would allow people to come together and enjoy marijuana in catered public spaces.
Virginia’s governor expedites the date for recreational legalization. New Yorkers are now free to enjoy the pleasures of cannabis, and the University of Connecticut launches cannabis cultivation courses for non-degree-seeking students. Virginia Expedites Recreational Legalization. Learn more here! Next in news, .
In the United States, where cannabis is still illegal under federal law, there are currently 19 states and the District of Columbia that allow the recreational use of marijuana. Of the MMJ states, Arkansas, Maryland, Missouri, South Dakota, and North Dakota had recreational cannabis on their ballots this November. . Starting Jan.
billion in cannabis spending by 2024. projects as the leading marijuana market in the world by sales in 2024. billion derived from recreational marijuana, up from $5.9 billion derived from recreational marijuana, up from $5.9 marijuana spending by 2024. billion by 2024. billion by 2024. MF report.
The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. In 2021, Luxembourg and Malta legalized home cannabis cultivation for personal use. billion) by 2027. billion) by 2027. million patients by 2027.
The growing number of states celebrating a victory for recreational cannabis indicates how governors and lawmakers are steering legalization in the right direction; as opposed to states merely relying on citizens to vote for legal cannabis. . At some point next year, New York will kick-start its recreational cannabis market.
Yahoo Finance has compiled a list of the most valuable cannabis companies in the world and has explained that the recreational market is “outpacing” the medicinal one as the “world public opinion towards the consumption of weed is changing.” has 126 dispensaries and 22 cultivation facilities across 11 states. Let’s explore.
Despite cannabis remaining against the law on a federal level, many states have been allowing the sale, cultivation, and consumption of cannabis, with more states joining all the time. Arizona Has its Sights on Recreational Cannabis. Arizona is set to try for recreational cannabis legalization again with Proposition 207.
The Illinois high court has rejected a request to permit further licensing for craft cannabis cultivators for the state’s adult-use marijuana program, which launched in January 2020. Craft cannabis cultivation typically involves growing cannabis in small batches, and the farming practices used are organic and sustainable.
Utah’s voters, with the intervening pen of its legislators, approved a non-smokable medical cannabis marketplace with significant government oversight and involvement instead of a full-scale adult-use/recreational market. Seven of the cultivation sites are in rural areas and one is in an urban area.
In Florida, 39 dispensaries and a 400,000-square-foot cultivation facility for medical cannabis are also closing. The parent company behind Green Dragon, DP Holdings Colorado LLC, filed this notice in October 2024. These closures will affect many jobs, including positions like cultivators, processors, and various retail roles.
“After taking the first steps towards the liberalization of hemp cultivation over the course of the last few years, at the end of 2018 Thailand’s government decided to legalize medical cannabis as the first Southeast Asian country. Healthcare expenditure estimated by 2024. Estimated Prevalence of cannabis users by 2024.
billion by 2024. billion by 2024, surpassing the value of the North American industry within this time frame. All 50 US states are predicted to have legalised recreational cannabis by the end of 2024. billion by 2024, with 65% of countries in the region anticipated to have legalised medical use. billion by 2024.
Also, according to officials in the state, Smart & Safe Florida ’s recreational cannabis legalization petition had gotten enough signatures to be approved in June. However, new polls have suggested that recreational cannabis might face a lot of opposition on the 2024 ballot. 60% agree, 29% disagree, and 11% are not sure.
As we previously reported , on February 22, 2021, New Jersey Governor Phil Murphy signed three separate cannabis reform bills into law ( NJ A21 , NJ A 1897 , and NJ A5342/NJ S3454 ), formally legalizing the use and possession of recreational marijuana in the Garden State. Connecticut.
cultivates, markets, and distributes handcrafted, high quality cannabis products. The Company has three fully licensed and operational facilities and is currently distributing cannabis through medical and recreational sales channels. GTEC’s premium quality recreational cannabis brands includes; BLK MKT , Tenzo , Cogn?
Recreational cannabis possession and cultivation has been legal in Virginia since July 1, although sales aren’t expected to occur until January 1, 2024. Likewise, Senator Scott Surovell brought up the question of how things would have proceeded if she had admitted to consuming alcohol earlier that morning instead of cannabis.
It’s clear that the governors in both states have been feeding false promises to prospective consumers, all of whom are still enduring a tedious wait to legally purchase recreational bud. Kathy Hochul signed legislation establishing a conditional cultivation and processing recreational licensing structure. New Jersey Gov.
Gavin Newsom introduced proposed revisions to his 2022-2023 budget proposal, which would eliminate the cannabis cultivation tax rate beginning July 1, 2022. Currently, the cultivation tax rates are $10.08 per ounce of fresh cannabis plant, and these taxes are paid on all recreational and medicinal cultivation of cannabis.
Medical: No Recreational: No Reciprocity: N/A. There have been multiple attempts to create a medical and recreational marijuana program, all of which have failed. The next attempt to get medical marijuana on the ballot will likely be in 2024. The next attempt to get medical marijuana on the ballot will likely be in 2024.
As such, there are now more than 440,000 cannabis jobs available in states that have legalized medicinal or recreational marijuana. We expect losses in these markets to continue to thin out in 2024 and turn positive once again in 2025,” they stated. Fortunately, the report’s authors are not concerned. “We
Medical: legal Recreational: decriminalized. Full recreational legalization is on the horizon in 2023. After Germany announced plans to legalize the plant, Czechia followed suit, with the first draft of legislation expected early in the 2023 session and tentative legalization in 2024. Weed in the Czech Republic.
Tilray’s Leading European Footprint and Market Leadership in Germany Positions the Company to Seize Recreational Cannabis Opportunity. This ‘current value plus upside’ model is the backbone of the pursuit of our target of delivering $4 billion in revenue by the end of fiscal 2024. NEW YORK, Nov. Strong Presence in the E.U.:
The cannabis available in the state is not considered worthy of medical or recreational status according to consumers throughout Virginia. Furthermore, legal access to retail cannabis dispensaries is not expected until 2024 or later. Virginia also does not allow home cultivation for consumers.
recreational) state, with a Jan. 1, 2024 launch date for its first-ever retail sales. In preparation, the CCA established a framework for cannabis business licensing, cultivation, manufacturing, distribution, testing, and adult-use retail sales that would be regulated by a newly formed Cannabis Control Authority.
billion in global spending by 2024, which will be a 300% increase from 2019, according to a report from Arcview Market Research & BDS Analytics. Just look at Pennsylvania, a medical-only cannabis state (it isn’t legal for non-medical, recreational adult-use). A cannabis real estate boom is likely to follow.
The rankings look at a variety of factors including Cannabidiol (CBD), medical and recreational cannabis, non-profit cannabis entities, commercial cannabis licenses, cannabis regulatory agencies, developments and trends, and business opportunities. Barry Weisz. Illinois dropped from #5 to #6 in the rankings. is dependent on the U.S.
Of course, no one could have predicted a deadly pandemic bringing the world to a halt, but now, on the eve of 4/20/2021, the City and County of Denver is poised to sign three ordinances into law to finally allow for medical and recreational marijuana delivery and authorize marijuana hospitality licenses, among other changes. and 7:00 a.m.; (2)
“The prosecution of the drug war has fallen disproportionately on low-income and minority communities, so, you know, as we legalize recreational cannabis, we need to make sure we go back and repair some of the harm done to those communities.”. Maryland Medical Marijuana Already Legal.
billion by 2024, with over US$22 billion of that market generated by Europe and an estimated excess of £2 billion likely to be generated in the UK. the supply of cannabis for recreational use), the income generated by an investment in the same could trigger AML Regime obligations on the UK investor under the PoCA. JULY 21, 2021.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content