Category: cannabis sales

Maine Lawmakers Move Forward with Plans to Implement Voter Approved Retail Cannabis Sales

In the past two days, Maine legislators have made more progress implementing regulations for the commercial cannabis industry than they have in the last two years. Cannabis was legalized by voters in the November 2016 election, and since then the law allowing possession and home growing of cannabis has gone into effect. But the retail industry that would allow dispensaries to open for adults 21 and older cannot get underway until the state puts regulations in place. Last year, a bill was passed by both the Senate and the House, but it was vetoed by Governor Paul LePage. Lepage...

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Legal Cannabis Sales Could Surpass Soda by 2030

We’ve seen many bold and surprising predictions being made about the future of the legal cannabis industry – including the fact that it is on its way to being worth more than the NFL by 2020. Recently, market researchers made a prediction that likely won’t raise too many eyebrows, but is still promising in many ways. Cowen and Company, an investment firm with a highly respected research department, has said that legal cannabis sales could surpass that of soda by the year 2030. More specifically, the firm reports that they expect sales within the legal cannabis industry to continue...

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Massachusetts Lawmakers Approved Final Regulations for Legal Cannabis

After quite some time, the Cannabis Control Commission in Massachusetts has finally approved the regulations needed for the state to move forward with accepting applications for the newly legal cannabis industry. They had a deadline of March 15th, but this week it was announced that things were finally falling into place and that if all goes well, everything should be ready for legal sales to start as scheduled on July 1st. However, this may also fall on local lawmakers to ensure that their regulations and procedures are in place for businesses as well. “I think we have a lot...

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Los Angeles Playing Catch-Up in the Adult Use Marijuana Game

Recreational marijuana sales became legal in the state of California on January 1st, and many towns and cities in the state were ready to go within the first week of the year. Other cities lagged behind, big cities like San Francisco. But the most notable exception when it came to cities without functioning adult-use cannabis industries at the beginning of the year is also the largest city to come under the banner of legal recreational marijuana: Los Angeles. With nearly 4 million people within the city limits, Los Angeles is by far the largest single potential market for cannabis...

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Nevada Cannabis Sales Set New Records

The state of Nevada has seen more legal cannabis sales in their first few months than any other state that has legalized marijuana so far. With dispensaries running out of product within the first weeks of recreational sales becoming legal back in July, it’s not entirely a surprise. In the month of July, the state brought in $3.68 million in tax revenue alone – from a total of $27.1 million in legal sales for both medical and recreational cannabis. In the month of October alone, Nevada made $37.9 million in legal cannabis sales Compared to Nevada, Colorado and Oregon...

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