EDITION:
- EU
- NA
The US cannabis industry is experiencing rapid growth, with retail sales projected to exceed $32bn in 2024 and wholesale sales reaching nearly $12bn, according to a new study from Leaflink.Â
The number of active US cannabis business licenses – including those in regulated medical and recreational markets – continued to decline through the third quarter of 2024 as reductions in established markets outpaced growth in emerging ones.
In another promising win for cannabis during this fervent election cycle, three Texas cities have voted to approve the decriminalisation of cannabis possession.Â
Beyond the presidential result, yesterday key cannabis reform votes took place across numerous states, poised to have a significant impact
Ohio’s adult-use cannabis sales have now topped $140m since the retail market launched in earnest in August, according to the
Last week, Hanover and Frankfurt published ‘letters of intent’ to launch controlled cannabis sales to thousands of participants through new model projects, designed to gather data and inform future drug policy in Germany.Â
In a major setback for New York’s legal cannabis businesses, a state judge has ruled that recently supercharged efforts to close illicit stores are ‘unconstitutional’.Â
New York’s Cannabis Social Equity Investment Fund has so far failed to achieve its intended goal of raising $200m from a combination of public and private investment and helping 150 businesses open up across the state.Â
South Dakota voters have a unique opportunity on Election Day. Already the country’s first electorate to see adult-use cannabis legalization measures in three straight election cycles, state voters could become the first to legalize recreational marijuana possession and cultivation without setting up a market for regulated sales.
An unlicensed cannabis store in New York has been fined nearly $10m under the state’s ongoing campaign to quash its rampant illicit market.Â
We won’t spam you
© 2024 Prohibition Holdings Ltd. All Rights Reserved.
