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Marijuana Sales

All articles tagged with #marijuana sales

cannabis2 years ago•3 min saved

August Cannabis Sales Soar, Setting New Records in New Mexico, Connecticut, and Maine

New Mexico set a new record for marijuana sales in August, with over $48 million in combined medical and adult-use cannabis purchases. The state's cannabis reporting portal shows $34.7 million in recreational marijuana sales and $13.5 million from medical cannabis. Since the launch of both programs, patients and adult consumers have made nearly $724 million in combined purchases. Other states, including Connecticut, Maine, Massachusetts, Maryland, Illinois, Michigan, and Missouri, have also experienced record-breaking surges in marijuana sales.

via Marijuana Moment|

#cannabis #cannabis-industry #legalization

cannabis-legalization2 years ago•4 min saved

NH Governor Signs Bill to Study State-Controlled Marijuana Sales

New Hampshire Governor Chris Sununu has signed a bill establishing a commission responsible for drafting legislation to legalize marijuana sales through state-run stores. The commission is expected to submit its proposal by December 1, 2023, for lawmakers to consider passing in 2024. In other news, an official from the federal Occupational Safety and Health Administration highlighted the complications caused by ongoing marijuana prohibition in ensuring worker safety in the cannabis industry. Florida Governor Ron DeSantis signed a bill banning marijuana ads promoting "recreational" use, which could complicate matters if voters approve an adult-use cannabis legalization measure in 2024. Minnesota Republican lawmakers expressed disappointment with Governor Tim Walz and Democratic legislative leaders over their handling of the state's new marijuana legalization law. The Food and Drug Administration is seeking public input on whether to restrict nitrous oxide and other drugs under international drug control treaties.

via Marijuana Moment|

#cannabis-commission #cannabis-legalization #marijuana-ads

business2 years ago•2 min saved

Maryland's Adult-Use Marijuana Sales Soar to $87 Million in First Month

Maryland's marijuana sales reached a record high of $87.4 million in July, the first month since the launch of the recreational market. This more than doubled the sales totals for June when only medical cannabis dispensaries were operating. The majority of sales involved cannabis flower, followed by concentrates, infused edibles, infused non-edibles, shake trim, and plants. The state is actively working on a "cleanup bill" to adjust regulations and will hold town halls with stakeholders to develop permanent regulations.

via Marijuana Moment|

#adult-use-legalization #business #cannabis-market

business2 years ago•3 min saved

"Missouri's Booming Marijuana Market: $3M+ Daily Sales Since Legalization"

Since full legalization in February 2023, marijuana sales in Missouri have averaged over $3 million per day, totaling over $500 million in sales. The state recorded $121.2 million worth of sales in June, including a new record high for recreational marijuana sales. Over 16,000 direct jobs have been created as a result of the industry, benefiting local economies. Missouri reached $1 billion in marijuana sales in May 2023, and if the current pace continues, over $1 billion will be sold in 2023 alone.

via KMBC Kansas City|

#business #job-creation #legalization

business2 years ago•2 min saved

Cannabis Sales Surge Across Multiple States, Breaking Records

Massachusetts marijuana sales reached a record high of nearly $152 million in June, with recreational cannabis sales accounting for $132.8 million and medical marijuana purchases totaling $19 million. Since the state's adult-use market launched in November 2018, Massachusetts has seen a total of $4.74 billion in adult-use sales. Flower products remained the most popular choice among consumers, and the average price of flower cannabis dropped to a record low of $5.82 per gram. Despite neighboring states like Connecticut and New York expanding their adult-use markets, Massachusetts continues to experience strong sales.

via Marijuana Moment|

#business #cannabis-control-commission #marijuana-sales

cannabis2 years ago•3 min saved

Connecticut's Recreational Marijuana Sales Skyrocket to $122 Million in First Half of 2021

Connecticut's adult-use marijuana market reached a new high in June, with combined medical and recreational cannabis sales totaling nearly $24 million, according to the Department of Consumer Protection. Since the launch of adult-use sales in January, Connecticut has seen a total of approximately $122 million in cannabis purchases. Adult-use sales exceeded medical marijuana purchases for the second consecutive month, with 313,510 recreational cannabis products sold compared to 303,293 medical marijuana products. The data also revealed that 53% of sales came from cannabis flower, 25% from vape products, and 10% from edibles. Connecticut is following the trend of other states, with the medical cannabis market gradually declining as the adult-use system expands.

via Marijuana Moment|

#adult-use-market #cannabis #cannabis-legalization

cannabis2 years ago

The Impact of Marijuana Legalization on Maryland's Cannabis Industry

Virginia faces challenges in establishing a legal marijuana market, including regulatory hurdles and opposition from law enforcement. However, with the recent legalization of recreational use, the state is exploring possibilities for retail sales and taxation, which could generate significant revenue and create new job opportunities. The future of marijuana sales in Virginia remains uncertain, but there is potential for a thriving industry if the necessary frameworks and regulations are put in place.

via WJLA|

#cannabis #future-prospects #legalization

marijuana-legalization2 years ago•6 min saved

"Governor suggests tribes as potential solution for marijuana sales gap"

Minnesota Governor Tim Walz has suggested that Indian tribes in the state could start selling marijuana for the adult-use market before private businesses are approved by regulators. While it is expected to take more than a year for the state's Office of Cannabis Management to start licensing conventional cannabis shops under the legalization law he signed last week, Walz said that Indian tribes in the state could begin operating sooner. The now-enacted legislation allows the governor or a designee to negotiate compacts with tribes that wish to work with the state on coordinating marijuana regulations.

via Marijuana Moment|

#cannabis-regulation #governor-tim-walz #indian-tribes