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Image of employees arranging infused chocolates before packaging

Mature cannabis markets see job losses while emerging states boom

Despite a 4.5% increase in revenue that reached $30.1 billion in 2024, the regulated marijuana industry experienced a 3.4% decline in employment, shedding 15,000 jobs to settle at 425,000 workers.

News June 24
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Jones Soda sells marijuana beverage business for $3 million

Jones Soda Co. sold its marijuana beverage business to MJ Reg Disrupters for $3 million.

News June 23
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Texas gov saves $5 billion hemp-derived THC industry, expands medical marijuana

The hemp-derived THC industry in Texas is breathing a $5.5 billion sigh of relief after Gov. Greg Abbott vetoed a bill that would have outlawed hemp-derived THC’s biggest individual market.

News June 23
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Ayr dismisses talk of Connecticut exit amid its other marijuana consolidations

Ayr Wellness's struggles with debt and losses are known, but Connecticut is also proving a tough market for all cannabis operators.

News June 23
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Controversial Ohio adult-use cannabis changes stall amid political dissension

A contentious bill proposing sweeping changes to the adult-use cannabis landscape in Ohio has stalled in the Legislature.

News June 20
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Minnesota issues first recreational marijuana license to a cultivator

Minnesota has issued the state’s first adult-use marijuana license to a microbusiness, Herb Quest, which will start by growing cannabis plants outdoors.

News June 20
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Cannabis companies still standing after reset are ‘well positioned to thrive’

The correction the cannabis industry has experienced over the past five years has reset expectations and valuations to rational levels.

News June 20
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Lab licensing spurs hopes that Alabama’s medical marijuana logjam will end

The licensing of a medical marijuana testing lab in Alabama has spurred hoped there could be progress in the issuance of dispensary permits.

News June 18
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Aurora Cannabis denies reports it acquired another operator

Canadian operator Aurora Cannabis denied reports that it had agreed to acquire New Zealand-based MedLeaf Therapeutics.

News June 18
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