Sales

MARIJUANA TAX REVENUE

States Have Collected Nearly $25 Billion in Marijuana Tax Revenue Since Legalization

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 …

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MARIJUANA LEGALIZATION

Legalizing Marijuana Lowers Workers’ Comp Costs and Prescription Drug Use, New Study Finds

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 …

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Cannabis at Casinos

New Poll Shows 70% of Americans Support Marijuana Use at Casinos and Resorts

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 …

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Cannabis Sales

U.S. Cannabis Industry Hits Record Sales—But Job Numbers Decline for First Time

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 …

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Marijuana Sales

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

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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Hemp Retailers

Texas Hemp Retailers Warn New Product Ban Could Devastate Small Businesses

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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Cannabis Sales

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

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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Cannabis Sales

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

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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Cannabis Products

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

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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Cannabis Taxation

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

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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