article thumbnail

Cannabis taxes may generate $12 billion for U.S. states by 2030, according to Barclays strategists

Cannabis Law Report

last year and that could grow to $10 billion to $12 billion for states by 2030, exceeding tax revenue from alcohol, according to municipal-bond strategists at Barclays Plc. States and cities collected $350 billion from the COVID-19 stimulus package to spend on everything from subsides for low income renters to pay increases for teachers.

article thumbnail

Press Release: Global Wellness Signs Definitive Agreement with Cannvalate Australia

Cannabis Law Report

from 2020 to 2030 and generate revenue of $151.7 billion in 2030. 1 Global Chronic Pain Treatment Market Analysis and Growth Forecast Report 2020 – 2030. The global chronic pain treatment market is predicted to progress at a CAGR of 6.5% These statements relate to future events or future performance. 3 Psychol Res Behav Manag.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

GM Insights projects that the market for mHealth products will grow at a 30% compound annual growth rate from $56 billion in 2020 to more than $805 billion by 2030. The reference data it collects and its constantly improving machine learning algorithms create a moat that prevents competitors from quickly stepping into the market.

article thumbnail

2023 Cannabis Global Price Index: Where to Find the Cheapest and Most Expensive Cannabis

Veriheal

gram by the year 2030. According to the CFAH “Cannabis consumption figures were collected from the World Health Organization.” According forecast from the 23′ CGPI made possible by Seasonal Autoregressive Integrated Moving Average (SARIMA) data predicted that U.S. cannabis prices could drop to $5.61/gram metric tons.

Data 116
article thumbnail

Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Eight of the laws were approved in 2020 or 2021, and in seven of those states, sales and tax collections have not yet begun. local sales tax on adult-use cannabis and has collected $237.5 From February 2017 through August 2021, the local taxes collected totaled $86.1 The city of Denver, for example, applies an additional 5.5%

article thumbnail

Taos News: Picuris and Pojoaque pueblos will administer independent cannabis tax programs

Cannabis Law Report

“The Pueblo will be solely responsible for the enforcement, administration, collection and remittance and auditing of Pueblo cannabis excise tax from Pueblo enterprises.” ” Until July 1, 2025, the cannabis tax rate in the rest of the state will be 12 percent, after which it will gradually rise to 18 percent by July 1, 2030.

article thumbnail

Report: Gen Z Would Rather Smoke Cannabis Than Consume Alcohol

Veriheal

The American marijuana industry was worth about $57 billion in 2023 and is projected to reach $444 billion by 2030, a staggering growth that reflects it as the fastest-growing industry anywhere in the world. Cannabis use is increasing all around the world.