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The enactment of adult-use cannabis legalization laws in Colorado and Washington is associated with increased tourism in both states, according to data published in the Journal of Regional Analysis & Policy. Both states experienced their highest jumps in tourism following the advent of retail cannabis sales.
Incidences of the vaping-related lung illness EVALI (e-cigarette or vaping product use-associated lung injury) are primarily concentrated to jurisdictions where adult-use cannabis consumption is prohibited, according to data published in the Journal of the American Medical Association (JAMA) Network Open.
AUGUSTA – Maine’s marijuana retailers sold approximately $5.36 Coming in $1 million above the previous record-breaking month of April, retailers conducted 71,843 transactions in May, with smokable marijuana making up 59 percent of sales, while infused products and concentrates accounted for 23 percent and 18 percent, respectively.
Apple customers can now place orders from licensed retailers directly within the Weedmaps iOS app. This new feature not only allows Weedmaps customers to browse and discover cannabis products and deals in their area, but it also allows for orders to be submitted directly with licensed retailers via a single, seamless in-app experience.
Law enforcement, policy makers, and public citizens have long debated how recreational marijuana legalization influences crime and public safety. Journal of Economic Analysis & Policy , and PLOS One – discovering a buffer effect and decreased crime rates. Most existing research focuses on crime in legalized states.
While it is still a relatively new market (Colorado was the first state to legalize cannabis in 2012), excise tax revenue figures to date can help lawmakers get a sense of the revenue potential at different rates and contribute to the development of sound marijuana tax policy. 15% retail excise tax; $9.65/oz. 29,051,904. California.
2 However, little is known about whether cannabis retailers comply. Researchers looked at 700 licensed cannabis dispensaries in California and found that many retail locations have inadequate screening processes, which allow minors to enter and view items that should be restricted to adults, 21 and older.
The DankStop acquisition will be immediately accretive and its growing base of over 200,000 email subscribers provides High Tide with another sales channel on which to sell its products, thus leveraging retail margins on its own brands. DankStop is a leading online consumption accessories retailer. Meta Cannabis Supply Co.
“Surprisingly, many retailers didn’t understand that they collect personal information, despite the fact that all private licensed liquor and cannabis retailers collect some form of personal information from employees and customers who enter physical stores or make purchases online,” said Commissioner Michael McEvoy. THE REPORT.
This data helps Californians understand the work we have ahead of us in realizing the promises of cannabis legalization, including supporting access to a safe, legal, and equitable cannabis market across the state and combating the unregulated, illicit market”. The data tool can be found on the DCC website here: [link]. Tweet this.
Whitney Economics has announced a partnership with cutting-edge cannabis policy firm Square Root Group, LLC to offer full-scale economic analysis and policy solutions to improve the performance of U.S. While the federal debate continues, the diversity of policy approaches across 37 legal cannabis states + D.C. Press Release.
A ranking of the “Best Cannabis Companies To Work For – 2022” in cultivation and retail will be revealed in Cannabis Business Times and Cannabis Dispensary in early 2022. The process includes two surveys to gather detailed data about each participating company. Registration and recognition is free. View original article.
The study will utilize Radicle Science’s data analytics platform and a virtual, direct-to-consumer model to deliver objective health outcome data across diverse populations and conditions. This randomized controlled trial will collect data on 13 U.S. Texas court overturns ban on distribution, sales of smokable hemp products.
1 As of June 21st, 2021, based on analytics data provided by Alexa Internet, Inc. Traffic data provided by Google Analytics. High Tide is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. Pro forma for the acquisition, High Tide’s revenue run rate in the U.S.
We need to be well-positioned for an eventual national legalization, and what does that require,” said Jane Rushford, who chairs the three-member policy-making arm of the Liquor and Cannabis Board, in an interview Monday recorded for The Spokesman-Review’s Newsmakers podcast. How do we get really smart about doing the things we can do now?”.
Million (the “ Transaction “) and acquire all rights to the customized Fastendr™ retail kiosk and smart locker technology and Bud Room’s retail cannabis store located at 1910 St. This acquisition comes on the heels of several disruptive retail innovations by High Tide, such as our “one stop shop” and “discount club” concepts.
Researchers from the University of Connecticut and Georgia State University reviewed high-calorie-food sales-data from states that have legalized cannabis, and a correlation was observed. The retail-data analysis covered more than 2,000 counties over a period of a decade, from 2006 to 2016. The Data Review.
(“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, has released its first data and insights report, titled ‘Cannabis in America’. According to Weedmaps’ orders data, orders in H1 2021 increased by 55%, compared to H1 2020.
Google announced in May, 2019 that they had updated their policy section of the Google to ban apps “that facilitate the sale of marijuana or maijruan products, regardless of legality.” Under the new Apple policy , an app must be submitted by a legal entity and geo-restricted to places where cannabis is legal.
Fairwinds employs more than 20 people, and Hull pointed to sales data showing their products were among the top sellers in Washington’s legal cannabis market last quarter, with over $4 million in retail sales. The policy also prohibits companies from using words such as “healing,” “relief,” “restorative” and “wellness,” among others.
Part 5 uses data calculated in prior sections to model California consumers’ expected behavior due to changes in retail price in response to a change in tax policy. Finally, Part 6 of the report concludes with recommendations for improving the performance of California’s legal cannabis market.
The requirement, which appears in a set of draft rules for the regulatory framework of the state’s adult-use or recreational marijuana program, “would needlessly expose customers and workers in the cannabis industry to privacy-violating tracking and data collection,” the ACLU said in a letter to the Maine Office of Cannabis Policy this week.
Other cybercrimes include data breaches, where hackers obtain sensitive information by breaching a company’s secured files and then use that information for identiy theft, blackmail, or to commit other crimes. That means retailers often have large amounts of cash to deal with each day.
Observations from the Field: Discounting Product Between Processors an Retailers. Leaf Data Systems Update. You can read more about product packaging and labeling requirements on the Understanding Board Interim Policies for Packaging and Labeling section of the LCB website. Pesticide Disclosures. Paying Your Excise Tax.
In Canada, adults over the age of 19 can possess up to 30 grams of cannabis (the legal age is 21 in Quebec and 18 in Alberta), cultivate up to four plants for personal use, and buy cannabis products from a provincial or territorial retailer. Unlike the US, Canada does not have a cash-only policy for dispensary purchases.
HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations. HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition.
HerbalGram, the acclaimed quarterly journal of the American Botanical Council, recently published its 2021 “Herb Market Report,” which included data on sales of CBD as an herbal ingredient in mainstream and natural retail channels in the United States. Consumers spent roughly $31.3 increase in annual sales.
Nova has entered into 21 lease agreements for new retail locations across Ontario that will serve the communities where the value-conscious cannabis consumer works, shops, and lives. Using a data driven approach, Hybrid Financial provides its clients with comprehensive coverage of both American and Canadian markets.
. Analysis of state data finds regulated cannabis market is picking up steam, as average monthly sales increased 66% from the first half of 2019 to the second half. As of January 29, retailers had conducted approximately $509 million in adult cannabis sales, raising an estimated $86.5 million) to the second six months ($46.3
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. million) | Tax rate: 15% wholesale, 15% special retail. Colorado’s 15% wholesale excise tax and its 15% special retail tax do not apply to those sales.
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. million) | Current tax rate: 15% wholesale, 15% special retail. million) | Tax rate: 37% at retail since July 2015; 6.5% Colorado (pop. 46,104,922.
Washington, DC: Legal marijuana states generated more revenue from retail cannabis sales than they did from alcohol sales, according to data provided by the Institute on Taxation and Economic Policy (ITEP). billion last year.
The measure also calls on the Colorado Marijuana Enforcement Division , the state’s regulator of marijuana businesses, to “balance the amount of influence that the marijuana industry has” on pot-related policy and rulemaking. BILL SUMMARY. Improve Marijuana Industry Regulation. 2022 Regular Session.
According to data from the Missouri Department of Health and Senior Services, there are 192 licensed dispensaries in the state. According to the Marijuana Policy Project, each state has its own tax laws regarding the legal sale of medical marijuana. In the state of Missouri, the retail sales tax on medical marijuana sits at 4%.
DeCarcer, founder and CEO of New Frontier Data, to get her take on the U.S. New Frontier Data recently published “ U.S. At New Frontier Data, we identified five archetypes of CBD consumers based upon their distinct patterns of behavior and consumption. CBD market, especially when it comes to consumer insights. CBD market.
Fastendr™ is a unique and fully automated technology that integrates retail kiosks and smart lockers to facilitate a better buying experience through browsing, ordering and pickup. The Bud Room retail location is currently generating annual run rates in excess of $2.4 Million in revenue and $500,000 in Adjusted EBITDA 1.
The National Organization for the Reform of Marijuana Laws (NORML) has issued marijuana policy guidance for lawmakers during the coronavirus (COVID-19) crisis, along with a statement regarding the designation of medical cannabis facilities as “essential.” NORML: COVID-19 Memo to Lawmakers.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
Duties include, but are not limited to: Develop regulatory guidance and technical assistance to cultivators, processors, distributers, retailers, and all other applicable participants in the Cannabis program. Conduct inspections of licensed entities to monitor compliance with all applicable laws, regulations, policies, and procedures.
After months of development, my partner and I built and successfully launched the beta for our cannabis data-analytics software, Jade Insights. It’s a software platform that helps cannabis businesses augment their process by providing insights for data-backed decision-making. Policy Associate, Drug Policy Alliance , Washington, D.C.
The Relationship Between Marijuana Use and Psychosis Using the Optum Clinformatics DataMart Database , which functions as an anonymous Medicare Advantage and commercial claims database, scientists were able to gather data with unprecedented precision. How Several Sources of Data Were Used in the Research In 2019, an estimated 48.2
The group will study issues related to cannabis legalization including the licensing and oversight of businesses cultivating, processing and retailing recreational marijuana. He said that fully addressing the harms of marijuana prohibition is a complex issue, noting that cannabis policy has always been discriminatory.
The bill would appropriate $2 million to a Cannabis Control Commission to launch administration of the law, with “priorities for the allocation of the remaining funds subject to appropriation,” starting with $100,000 annually to the Department of Safety for a drug monitoring initiative and data collection on health impacts.
Sponsored by New Approach Montana in conjunction with the Marijuana Policy Project, Montana’s recreational cannabis law has been received well by consumers. On opening weekend, the state’s newly legal adult-use market accounted for $1.5 million of the month’s total sales. million and $2.9 million on a week-after-week basis.
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