Sales Archives - Page 2 of 3

New York Marijuana Sales Near $1.5 Billion as Legal Market Rapidly Expands

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales, Trends / By Jeff Leclere

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 …

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Texas Hemp Retailers Warn New Product Ban Could Devastate Small Businesses

Leave a Comment / Cannabis, Hemp, In The News, Plant Science, Politics, Sales / By Jeff Leclere

Retailers across Texas are sounding the alarm over a proposed state ban that could wipe hemp-derived products like Delta-8 THC off the shelves—and with it, the livelihoods of thousands of small business owners. A new report highlights just how severe the economic fallout could be if lawmakers move forward with stricter rules on consumable hemp …

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Pennsylvania Lawmakers Set to Vote on Cannabis Sales Through State-Run Stores

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales / By Jeff Leclere

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 …

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New York Cannabis Sales Approach $1.5 Billion as Dispensary Numbers Nearly Triple

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales / By Jeff Leclere

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, …

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Study: ‘Black-Owned’ Cannabis Labels Boost White Consumer Interest, Not Black Consumer Interest

Leave a Comment / Cannabis, In The News, Plant Science, Politics, Sales, Trends / By Jeff Leclere

A new study is shedding light on how racial identity labels impact consumer behavior in the cannabis industry. Researchers found that labeling marijuana products as “Black-owned” significantly increased interest among white consumers—but had little or no effect on interest among Black consumers. The study, conducted by researchers from Yale University and published in the journal Social …

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Local Governments in Delaware Seek to Add Extra Sales Tax on Legal Cannabis

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales, Trends / By Jeff Leclere

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. …

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Louisiana Lawmaker Proposes Cannabis Legalization Pilot Program to Boost State Revenue

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales / By Jeff Leclere

A Louisiana state lawmaker has introduced a bold new bill that would launch a pilot program to legalize marijuana in select regions—an approach designed to test adult-use legalization while generating new revenue for the state. If passed, this would mark a major turning point for cannabis policy in one of the Deep South’s most conservative …

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Hemp Industry Thrives in 2024 Despite Delta-8 Ban Push

Leave a Comment / Cannabis, Hemp, In The News, Plant Science, Politics, Sales / By Jeff Leclere

Against the odds, the hemp industry saw growth in 2024—even as federal agencies and state governments ramped up efforts to ban popular hemp-derived products like Delta-8 THC. According to a new USDA report, the sector showed surprising resilience during a time when regulation and uncertainty loomed large. The hemp market has faced ongoing challenges, particularly …

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Should Alcohol Retailers Control Cannabis Sales?

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales / By Jeff Leclere

A recent push by alcohol retailers to become the exclusive legal sellers of marijuana products has sparked new debates over fairness, control, and the future of cannabis retail. As cannabis laws evolve, so do the power struggles behind who gets to profit from legal access. Here’s what it means for consumers, dispensaries, and the future …

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Pennsylvania Budget Analysts Challenge Governor’s Cannabis Revenue Forecast

Leave a Comment / Cannabis, Financial, In The News, Plant Science, Politics, Sales / By Jeff Leclere

A top financial office in Pennsylvania is questioning the revenue estimates presented by Governor Josh Shapiro for his plan to legalize adult-use cannabis in the state, suggesting the figures are overly optimistic and not grounded in realistic timelines. In his 2024-2025 budget proposal, Governor Shapiro outlined a plan to generate $14.8 million from recreational marijuana …

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