In addition to creating jobs and generating tax revenue, those states that have legalized marijuana appear to benefit in another way — fostering a robust business environment. Medical and recreational cannabis is legal in 33 states (plus Washington D.C.). Eleven states plus D.C. have legalized recreational marijuana. A new study from researchers at the University […]
Budget outlines. Drafted tax proposals. It’s almost a sure bet that New York is going to legalize adult-use recreational cannabis. Governor Andrew Cuomo pledged to legalize recreational marijuana in 2020, and it appears he’s going to work to do just that. The only glitch? After royally screwing up the state’s medical marijuana program, medical marijuana […]
It ended just about as quick as it started. Illinois, the 11th state in the U.S. to legalize adult-use recreational marijuana, is facing supply and staffing issues only one week out of the gate. Short story? There’s a shortage of cannabis flower in the state. Not only was recreational marijuana legalized starting January 1, but […]
Even when you’re trying to play by the rules, you might have to break them. In the world of legalized cannabis, where states gingerly follow the rules that, in reality, are illegal federally, it’s a chicken-and-egg situation. How do businesses get marijuana seeds or clones necessary to generate product? Do cannabis cultivators have a magic […]
Michigan is yet another state that legalized adult-use marijuana sales, and those transactions have brought in bank. Legal sales started December 1, and in that first month, the state tallied almost $6.5 million in sales. The industry is expected to continue to grow at a rapid pace in 2020 as more retail licenses are issued. […]
The first day of legal recreational cannabis in Illinois proved to be a lucrative one. On the first day of legal sales, over 77,000 transactions resulted in almost $3.2 million in sales. Those eagerly anticipating a cannabis purchase waited in line outside dispensaries — some queuing up the day before legalization. The amount spent in […]
Recreational cannabis was approved by voters and legalized in Maine in November… 2016. The state started accepting license applications on December 5, 2019. Maine already boasts an established medical marijuana program, and analysts predict the state will generate $158 million from the first year of sales. So why the three-year delay from legalization to implementation? […]
Two states are busy issuing recreational cannabis licenses, although one state just legalized cannabis, and the other is set to start in the new year. Michigan On December 1, Michigan’s adult-use recreational cannabis market officially opened for business. The state’s Marijuana Regulatory Agency (MRA) started accepting recreational license applications on November 1. In mid-November, the […]
How is it possible that California’s burgeoning cannabis industry is suddenly foundering, resulting in massive layoffs? Voters in the state legalized recreational marijuana in 2016, although it was just in 2018 that rec sales finally started. While the intention might have been to institute a profitable, licensed and legal marketplace, the reality is that lawmakers […]
Illinois, anticipating the legalization of recreational, adult-use marijuana on January 1, 2020, took a restrictive approach to licensing recreational marijuana. Additionally, towns and municipalities can choose to ban retail stores, making it difficult to commit to what could be a hefty investment. The absence of retail stores could hinder the progress of what some estimate […]
