Reports Show Cannabis Tourism Industry Valued at $17 Billion


The cannabis tourism market is claimed to be valued at $17 billion and could start out to increase quickly put up-COVID. A report showcased in Forbes states that 50% of millennials imagine that grownup-use cannabis entry is vital when building options to vacation, and that 43% of millennials specially select a vacation spot simply because […]

Can You Guess Which State’s Marijuana Sales Just Surpassed $3 Billion?


By Fermin Orgambide Adult-use cannabis gross sales in Massachusetts have officially surpassed $3 billion, in accordance to the state’s Cannabis Command Fee. According to the agency, the marketplace has attained $3,001,846,490 in income of recreational cannabis since its legalization in December 2016. There are reported 216 hashish shops and 11 supply firms. Picture by Ivan-balvan/Getty […]

Legal States Collected Nearly $4 Billion In Legal Marijuana Revenue In 2021


A new report reveals some major figures when it arrives to hashish tax profits generated from lawful weed states, which gathered more than $3.7 Billion in 2021. This is a 34% raise when as opposed to 2020. The up-to-date report, compiled by the Marijuana Coverage Project (MPP) and released on Wednesday, also located that, as […]

States Made More Than 3.7 Billion in Recreational Pot Sales Last Year


States that have legalized leisure cannabis gross sales for grown ups collectively generated extra than $3.7 billion in income past year, in accordance to a new report from the Cannabis Coverage Challenge. The conclusions, released on Wednesday, volume to a 34% raise in income from grownup-use product sales in comparison to 2020 –– continuing an upward […]

New York Predicts $1.25 Billion in Pot Tax Revenue Over Six Years


New York is poised to collect $1.25 billion in profits from taxes on lawful cannabis gross sales, according to a budget projection from Democratic Governor Kathy Hochul introduced on Tuesday. The income projections are incorporated in the state price range for upcoming calendar year, which includes sizeable investment in initiatives developed to go on the […]

New Frontier Data Predict Global Cannabis Sales to Hit $51 billion by 2025


A new report from New Frontier Data explores the quick advancement of equally clinical and recreational cannabis revenue in its “Global Hashish Report: Progress & Developments By way of 2025” report. The report is a comprehensive look at what to count on in the international hashish industry in excess of the subsequent handful of yrs, […]

New US economic stimulus bill allocates $4 billion in debt relief for farmers of color


Socially disadvantaged farmers which include those people in the hemp marketplace are in line for new credit card debt-aid money in the $1.9 trillion American Rescue Approach of 2021. The laws, which has handed in Congress and awaits President Biden’s signature, directs the U.S. Division of Agriculture to make payments to Black farmers and farmers […]