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
With cannabis legalization progressing across the globe, we are starting to see more stats about the multibillion-dollar industry that it encapsulates. The index features cannabis price data from 140 cities around the globe. The index features cannabis price data from 140 cities around the globe. gram by the year 2030.
The legal cannabis industry in the United States has slowly expanded over the last decade. With legalization, patients and consumers have more freedom in product choice, and many are turning to homegrown cannabis. With legalization, patients and consumers have more freedom in product choice, and many are turning to homegrown cannabis.
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. California was the first state to legalize medicinal cannabis in 1996, right around the time that Gen Z began to enter society.
Legalizing marijuana for adults has been a wise investment. Since 2014, when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use marijuana sales. Colorado (pop.
Significant legal disputes and proceedings, or government investigations. Cyber breach or failure or corruption of our key information technology systems or those of our suppliers, customers, or direct and indirect business partners, or failure to comply with personal data protection laws. Our Sustainability Roadmap.
Legalizing cannabis for adults has been a wise investment. Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. billion in tax revenue from legal, adult-use cannabis sales. Here’s what they say.
market alone represents a significant share of the worldwide market and, taking into account new projections published by New Frontier Data , U.S. legal cannabis sales are on track to surpass $57 billion by 2030 at a CAGR of 14%. states that are considering legalization proceed to enact such laws. This works out at 1.6%
As the 2024 elections draw near, the economic impact of cannabis legalization is set to become a prominent topic in political discourse. With billions in total sales and millions in tax revenue, the economic benefits of legal cannabis are clear. increase in the past year alone. increase in the past year alone.
Yes, there is momentum from 2021’s state legislative victories that resulted in Connecticut, New Mexico, New Jersey, New York, and Virginia all legalizing adult use. According to a study by New Frontier Data, the cannabis industry grossed $27 billion in sales in 2021 and is expected to reach $32 billion this year. All is not lost.
Worldwide legal marijuana sales have more than tripled between 2014 and 2018 to almost $11 billion, and most analysts on Wall Street predict that legal weed could generate anywhere from $50 billion to $200 billion a year by the time 2030 rolls around. Marijuana’s U.S. scheduling is causing all sorts of problems.
At the present time, state medical and recreational legalization have no impact on federal drug control laws. Although many states have chosen to legalize medical marijuana and four have legalized recreational use, such state actions continue to conflict with federal law. 2030 , 2068, 2070; Pub. 10, 1978 , 92 Stat.
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