A new economic report projects that Pennsylvania could generate more than $2.1 billion in cannabis tax revenue within five years if the state enacts adult-use marijuana legalization. The findings come as lawmakers continue debating multiple legalization proposals in the state legislature. The analysis, released by the state’s Independent Fiscal Office (IFO), evaluated the potential fiscal …
A new report shows just how powerful legal cannabis has become as a source of public revenue. Since the first state-legal marijuana sales launched in 2014, states have collectively generated nearly $25 billion in cannabis tax revenue, according to data released by the Marijuana Policy Project (MPP). The report covers both recreational and medical marijuana …
States Have Collected Nearly $25 Billion in Marijuana Tax Revenue Since Legalization Read More »
Legal cannabis reform is paying off in more ways than one. A new study reveals that states with legal marijuana programs are seeing a significant reduction in workers’ compensation claims and prescription drug use among injured workers. Published in the journal Health Economics, the research analyzed data from over 2 million workers’ compensation claims between …
A new national survey shows that a strong majority of Americans are ready to bring cannabis out of the shadows—and into their vacation plans. According to a recent poll conducted by the American Gaming Association and YouGov, 70% of U.S. adults support allowing marijuana consumption at casinos and resort properties in states where it’s legal. The results …
New Poll Shows 70% of Americans Support Marijuana Use at Casinos and Resorts Read More »
Pre-rolls—those ready-to-smoke joints—have quickly become one of the fastest-growing categories in the legal cannabis industry. But while consumers in both the U.S. and Canada are fueling the trend, new analysis reveals that the two markets are evolving in dramatically different ways. According to a recent op-ed, the U.S. pre-roll market is thriving with innovation and …
U.S. vs. Canada: How Pre-Roll Marijuana Markets Compare Read More »
In a surprising twist for one of the fastest-growing sectors in the U.S. economy, the cannabis industry lost jobs in 2023—despite setting a new national record in sales. According to a new report from industry analysts at Vangst and Whitney Economics, the legal marijuana market brought in over $28.8 billion in revenue last year, but …
U.S. Cannabis Industry Hits Record Sales—But Job Numbers Decline for First Time Read More »
New York’s legal cannabis market is gaining serious momentum, with total marijuana sales approaching $1.5 billion and the number of licensed stores nearly tripling over the past year. That’s the key takeaway from a new state report showing just how quickly the Empire State is embracing legal cannabis. According to the New York Office of …
New York Marijuana Sales Near $1.5 Billion as Legal Market Rapidly Expands Read More »
Pennsylvania is moving one step closer to legal cannabis sales as lawmakers prepare to vote on a bill that would allow marijuana to be sold through a network of state-run stores. The vote marks a significant development in the state’s evolving approach to cannabis policy. The proposed legislation would legalize the sale of cannabis to …
Pennsylvania Lawmakers Set to Vote on Cannabis Sales Through State-Run Stores Read More »
New York’s legal cannabis market is gaining serious momentum. According to a new state report, marijuana sales in New York are closing in on a staggering $1.5 billion total, fueled in part by a major jump in the number of licensed stores across the state. The report, released by New York’s Office of Cannabis Management, …
New York Cannabis Sales Approach $1.5 Billion as Dispensary Numbers Nearly Triple Read More »
As Delaware prepares to launch its recreational cannabis market, some local governments are already pushing for the right to impose additional taxes on marijuana sales. The move is raising concerns among industry experts, advocates, and consumers who fear it could drive up prices and undermine the goals of legalization before the first dispensary even opens. …
Local Governments in Delaware Seek to Add Extra Sales Tax on Legal Cannabis Read More »
