More than 440,000. That is the approximate size of the cannabis industry’s labor force in this country, according to newly published research. The data, compiled by Vangst and Whitney Economics, shows that the United States’ legal marijuana industry added almost 23,000 jobs last year, amounting to a 5.4% year-over-over increase. […]
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Regulated sales of marijuana in Arizona topped $1.4 billion last year, according to state data, marking the third year in a row that licensed weed sales have exceeded $1 billion in the Grand Canyon State. Sales of recreational marijuana totaled more than $1 billion in 2023, while sales of medical […]
Regulated marijuana sales in the United States are expected to exceed $31 billion this year, according to a recent economic forecast from a firm specializing in cannabis and hemp business consulting, data, and economic research. The projection from Portland, Oregon-based Whitney Economics estimates that legal sales of medical marijuana and […]
In the wake of mass media layoffs and dwindling marketing budgets, many cannabis journalists have turned to independent platforms, like Substack, to build their own audience for reporting on the plant. Last week, career cannabis journalist and Managing Editor of San Diego Magazine Jackie Bryant joined the troves of ancillary […]
Last year in October, a group of cannabis companies filed a federal lawsuit claiming that a federal ban on cannabis is unconstitutional, but the suit was dismissed in January. On Friday, March 15, a new federal lawsuit was filed in court as Canna Provisions, Inc. et al v. Garland. The […]
Curaleaf, one of the world’s largest cannabis companies, is exiting the adult-use cannabis retail market in Maine with the sale of its licensed dispensary in South Portland. The company’s sole recreational marijuana shop is being sold to Foliage Cannabis Co., which has already begun operations at the retail location, according […]
The hemp-derived fiber market is growing exponentially. The Business Research Company, a global market research and consulting firm located across the globe, updated its reports with latest data on hemp fiber for 2024 and projections up to 2033, and the projections look promising. The Business Research Company’s “Hemp Fiber Global […]
Wana Brands, a leading manufacturer of cannabis edibles in the United States, announced on Thursday that it is expanding to Europe through a strategic partnership with Alpen Group. With an initial launch in Switzerland, the home of cannabis pharmaceutical manufacturer Alpen Group, Wana Brands plans to bring its popular line […]
The office of New Mexico Gov. Michelle Lujan Grisham said Tuesday that cannabis consumers “have purchased more than $678.4 million worth of adult-use cannabis products and $331.6 million in medical products since April 1, 2022,” and that, to date, “the state has recorded more than 21 million transactions with $75 […]
If you’ve ever bought from a licensed dispensary then you likely know that weed is taxed out the ass. The legislative fuckery runs rampant and deep thanks to America’s piecemeal state-by-state rules in lieu of federal legalization. There’s no assurance that the federal government would get taxation right if legalization […]
The track-and-trace software Marijuana Enforcement Tracking Reporting Compliance (Metrc) is one of the most popular options for states to monitor cannabis plants from seed to sale. It currently serves a handful of regions in the U.S., including 22 states (including 2 separate contracts in Colorado), as well as the District […]
Bank of Guam announced in a press release on Wednesday that the launch of “Cannabis Banking” will give it a “platform [to allow] cannabis clients the ability to share data from their day-to-day business activities, such as sales, inventory and required licensing documentation.” According to The Guam Daily Post, “Cannabis […]