The total U.S. economic impact of regulated marijuana sales could top $123.6 billion in 2025, about 9% more than last year, according to a newly released MJBiz Factbook update.
Andrew Long
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Ohio recreational marijuana market already showing signs of price contraction
Products in Ohio’s recreational marijuana market are showing signs of price contraction only five months after sales began.
US cannabis license numbers decline in Q3 despite rapid growth in emerging markets
The number of active U.S. cannabis business licenses continued to decline through Q3 2024 as established market reductions outpaced emerging market growth.
Cannabis markets on the ballot could generate $3 billion in first year
If approved by voters on Tuesday, new regulated marijuana markets in Florida, Nebraska and North Dakota could collectively reach $2.3 billion in sales.
Wyld dominates edibles category in adult-use marijuana markets
Wyld is well on its way to becoming the top-selling edibles brand in every state, a goal the Oregon-based company says it has set for itself.
MJBizDaily launches survey about diversity in US cannabis industry
Seeking to better understand the role of women and minorities in the U.S. cannabis industry, MJBizDaily is launching its annual diversity survey.
Canadian hemp license numbers decline for third straight year
Active Canadian hemp licenses declined for the third year in a row with all provinces or territories showing double-digit permit declines from 2022.
Some parts of California unaffected by cannabis sales slump
While overall cannabis sales have been falling in California since early 2021, some areas of the state are breaking the trend.
Michigan passes California in marijuana units sold, per capita spend and more
With almost four times the population of Michigan, California’s regulated marijuana market should be comfortably outselling Michigan. But it’s not.
Cannabis industry is heading in the right direction, business operators say
U.S. plant-touching cannabis businesses – such as cultivators, manufacturers and retailers – say the industry is heading in a better direction, even without the impending rescheduling of marijuana.
US cannabis business licenses down 6% in first quarter of 2024
The number of active U.S. cannabis business licenses fell 6% during the first quarter of 2024, according to CRB Monitor, a cannabis intelligence firm.
MJBiz Factbook: Marijuana industry will add $112.4 billion to US economy in 2024
The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in 2024, about 12% more than last year, according to analysis from the newly released MJBiz Factbook.
