Eli McVey

Chart: US hemp production soars in 2017

Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]

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Chart: New Mexico’s medical marijuana program breaking records despite bureaucratic inaction

New Mexico’s medical marijuana program continues to grow despite a lack of enthusiasm for medical cannabis among top state officials. From December 2016 to December 2017, nearly 18,000 new patients enrolled in New Mexico’s MMJ program – a 61% jump – marking the largest increase in patients over a single-year period since the program launched […]

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Chart: Sales growth slowing in Colorado’s recreational marijuana market

Recreational marijuana sales in Colorado are continuing to grow, but at a slower pace – another sign that the nation’s oldest adult-use market is reaching maturity. Despite a couple of record-setting months in 2017 – when sales eclipsed $100 million – the sales gains for Colorado’s rec market have been shrinking over the past three […]

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Chart: Marijuana stocks stumble, then rebound after Sessions announcement

Marijuana stock investors are wagering that Jeff Sessions’ bark will be bigger than his bite. U.S. and Canadian cannabis stocks briefly tumbled after the U.S. attorney general’s blockbuster decision last week to rescind Obama-era protections for the legal cannabis industry. But by Friday’s close, the day after Sessions dropped his bombshell, U.S. marijuana stocks had recouped about […]

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Chart: California recreational marijuana sales set to begin in limited number of stores

Recreational cannabis sales officially begin in California today, but fewer than 100 adult-use retail licenses have been issued throughout the state – which may lead to long lines and supply issues for the rec stores able to open their doors on New Year’s Day. California’s Bureau of Cannabis Control – the agency overseeing the licensing process for […]

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