One day. Six shops. Almost $100k. Just four years after voters okayed legal weed in the state, Maine finally launched retail sales in October 2020. Six licensed marijuana shops opened for business on October 9, and per figures reported by the state’s Office of Marijuana Policy, they tallied $94,643 in sales and 10% of that […]
Back when California legalized medical marijuana in 1996, a whopping 7,308 days passed from that benchmark to when recreational adult-use launched officially. That’s 20 years, in case anyone was wondering, and a sharp contrast to California’s reputation as a liberal state. Despite the tortoise-like pace of California, western states have bravely fought for medical marijuana […]
Even the numbers are high: retail sales of cannabis in the United States and Canada trend up, up, and up. Cannabis — in abundant quantities — has become the sweet spot in a relatively dire year. Canada Recreational adult-use kicked off in October 2018, and it’s grown steadily since. According to sales data from Statistics […]
Cannabis has been a true essential for many during COVID-19. In contrast, many businesses have shuttered during the pandemic, while the weed industry has been posting explosive sales figures. Throw in some pending federal legalization, and you have yourself a lucrative industry on a level that hasn’t been experienced in decades. Unlimited earning and growth […]
If you haven’t heard of Weedmaps, it’s kind of a big deal in the cannabis industry. Weedmaps provides software infrastructure and is one of the big players in cannabis tech and software. Based in California, the company has branched out, producing a docuseries, Uprooted, that takes a close look at the state’s cannabis industry struggles, […]
COVID-19 has been quite effective at shutting down a ton of businesses. The recent pandemic has also put the cannabis industry under the spotlight, as many marijuana-legal states have deemed the sector an essential service, allowing continued operation during a time where many businesses have mandated closures. These events have also highlighted service gaps – […]
Looks like legalizing cannabis isn’t just a boom to the tax coffers. It turns out that cannabis tourism is a boom in the hospitality industry, boosting hotel bookings in legal states, at least according to a study published in the Journal of Regional Policy and Analysis. The study, “(Pot)Heads in Beds: The Effect of Marijuana […]
High prices indeed. Recreational cannabis demand is outpacing supply, and that means wholesale prices are soaring. In states like Massachusetts and Illinois, where they’re still in the process of rolling out the industry, the market is booming, and folks are scrambling to build the infrastructure. Smokable flower is scarce and in high demand. Wholesale suppliers […]
The weed is so close you can almost taste it. Vermont is getting closer to legalizing the sale of marijuana — in the last week of February, the state’s Appropriations Committee pushed forward legislation 6-5. The tally clears the way for floor action, and the bill has bounced back to the Senate for reconciliation. Vermont […]
Since the first wave of cannabis legalization in 2012, the last year has been a challenging one for the industry. Despite the ebb and flow of legal marijuana in the U.S., the economic impact has been significant, to the tune of creating 243,700 full-time jobs for Americans willing to work in the industry, a 15 […]
