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The total amount of cultivated of cannabis – both legal and illegal in all form factors – in the United States will exceed 48.8 million pounds in 2022, marijuana and hemp business research firm Whitney Economics has calculated.
Rhode Island’s long-awaited shift to adult-use cannabis sales finally arrives Thursday in the nation’s tiniest state, a market that is expected to generate $300 million in sales within a few years.
Cannabis producer Organigram Holdings said its sales soared in the fourth quarter and for the year ended Aug. 31, rising to 45.5 million Canadian dollars ($33.5 million) and $145.8 million, respectively.
An Arkansas medical marijuana cultivator is appealing to the state Supreme Court over a growing permit that was deemed invalid by a judge earlier this month.
Adult-use marijuana stores in Connecticut likely won’t open until 2023, despite the state targeting the end of 2022.
Washington state legalized adult-use cannabis 10 years ago this November, and in that time the market has been a success, but not for everyone and the challenges are substantial.
An Arkansas medical marijuana cultivator with an invalid license will not be permitted to intervene in a legal challenge to the state’s licensing process.
