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Ohio recreational marijuana sales top $242 million by end of 2024

Ohio recreational marijuana sales top $242 million by end of 2024

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Cannabis NewsJanuary 8, 2025

Profits from sales of recreational marijuana are in the tens of millions, the Division of Cannabis Control reports. As of Dec. 30, sales of recreational marijuana were reported to have exceeded $242 million of the more than $2.2 billion in total product sales, including medical marijuana. More than

Marijuana Business News

Data Shows Young Women Use More Cannabis Than Men— Here’s Why

Data Shows Young Women Use More Cannabis Than Men— Here’s Why

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Cannabis NewsDecember 19, 2024

Last year young women outpaced men when it came to cannabis use, but what’s behind this historic shift in consumption trends? According to data from the latest Monitoring the Future study, in 2023, women aged 19-30 years reported consuming more cannabis than men for the first time since records

Marijuana Business News

Unique cannabis brand grows from Whidbey roots

Unique cannabis brand grows from Whidbey roots

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Cannabis NewsDecember 18, 2024

In dispensaries across Whidbey, patrons can find a popular brand of cannabis known for its consistency, kindness to the environment and colorful packaging. What people may not know about the Port Angeles-based weed farm, Falcanna, is that it would not exist without an iconic falconer on South

Marijuana Business News

Unlike Michigan, Ohio has no plans to allow marijuana billboards: The Wake Up for Tuesday, Dec. 17, 2024

Unlike Michigan, Ohio has no plans to allow marijuana billboards: The Wake Up for Tuesday, Dec. 17, 2024

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Cannabis NewsDecember 18, 2024

If you’ve driven an interstate highway through Michigan, you’ve been bombarded with billboards for weed. The state approved recreational marijuana five years ago and the ads immediately proliferated, with competing companies boasting homegrown products, free delivery and puns. (“Stop by and say high

Marijuana Business News

Ohio’s adult-use cannabis rollout was one of the most successful in the US, says analyst

Ohio’s adult-use cannabis rollout was one of the most successful in the US, says analyst

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Cannabis NewsJanuary 8, 2025

Ohio’s newly launched recreational marijuana market is already turning heads nationwide, with experts calling it one of the most successful rollouts in U.S. history. Ben Burstein, a national marijuana sales analyst with LeafLink, said Ohio’s approach to launching its recreational cannabis market has

Marijuana Business News

Hochul: Cannabis sales reach $1 billion in NY

Hochul: Cannabis sales reach $1 billion in NY

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Cannabis NewsJanuary 7, 2025

Gov. Kathy Hochul said last week that New York state’s cannabis industry has reached more than $1 billion in retail sales. “This achievement reflects the dedication of entrepreneurs, consumers, and communities who have embraced the legal market and helped to establish New York as a national leader

Marijuana Business News

Cannabis Trends in 2025

Cannabis Trends in 2025

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Cannabis NewsJanuary 7, 2025

2024 was a primarily lean and flat year for the U.S. cannabis industry. The state-legal cannabis industry has been volatile from its inception, and 2024 represented a year of winnowing with many cannabis businesses failing. 2025 has some light on the horizon, though, with the prospect of the Drug

Marijuana Business News

Cannabis conundrum: Legal doesn’t mean clean; illicit isn’t always dirty

Cannabis conundrum: Legal doesn’t mean clean; illicit isn’t always dirty

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Cannabis NewsDecember 19, 2024

California cannabis regulators and industry defenders argue that despite the proliferation of pesticides found in legal weed, licensed products are still safer and purer than those sold on the underground market. That isn’t always true, according to an analysis of tests conducted by The Times. Of 16

Marijuana Business News

Hemp Industry Leaders - Illinois Healthy Alternatives Association - Applaud Pritzker & Legislators for Wanting to Protect Children

Hemp Industry Leaders - Illinois Healthy Alternatives Association - Applaud Pritzker & Legislators for Wanting to Protect Children

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Cannabis NewsDecember 17, 2024

Illinois Healthy Alternatives Association (ILHAA) commends Governor Pritzker and State Legislators for wanting to protect children and consumers, but they caution that the current proposed legislation falls short and jeopardizes small businesses. Illinois Healthy Alternatives Association calls for

Marijuana Business News

After a prohibition rush, marijuana businesses find fewer possible locations

After a prohibition rush, marijuana businesses find fewer possible locations

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Cannabis NewsDecember 16, 2024

As Delaware moves forward with issuing recreational marijuana business licenses, many municipalities are establishing their restrictions on where these businesses can open, leaving uncertainty around where licensees will be able to operate. In 2023, the state legalized recreational cannabis and

Marijuana Business News

Texas Senate seeks to ban THC. San Antonio shop owner says it's deadly.

Texas Senate seeks to ban THC. San Antonio shop owner says it's deadly.

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Cannabis NewsDecember 16, 2024

The debate over whether or not marijuana should be legal in Texas has gotten pretty heated over the past few years. Though a misstep by Texas officials back in 2019 rendered many forms of THC legal to sell in Texas, now the Texas Senate’s leader is looking to close that loophole and rid Texas of THC

Marijuana Business News

Nearly 70 More Adult-Use Cannabis Business Licenses Issued in New York, But Thousands Still Pending

Nearly 70 More Adult-Use Cannabis Business Licenses Issued in New York, But Thousands Still Pending

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Cannabis NewsDecember 12, 2024

New York regulators approved 68 adult-use cannabis licenses, but more than 3,000 applications filed a year ago are still pending. That’s partially because regulators want to avoid flooding the market as state-regulated recreational cannabis sales approach the $1 billion mark, Felicia Reid, the

Marijuana Business News

US Cannabis Industry Growth Slows to a Crawl Amid Price Compression and Delayed Federal Reform

US Cannabis Industry Growth Slows to a Crawl Amid Price Compression and Delayed Federal Reform

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Cannabis NewsDecember 12, 2024

US cannabis industry revenues are set to grow just 3.2% in 2025, as price compression, difficult economic dynamics and an increasingly complex political landscape put the brakes on the sector. According to a new report from ATB Capital Markets, the market is set to have contracted by 0.2% in 2024

Marijuana Business News

Cannabis in NY: OCM provides a year in review

Cannabis in NY: OCM provides a year in review

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Cannabis NewsDecember 11, 2024

The Office of Cannabis Management provided a year in review by sharing an update on the cannabis industry in New York State during a Cannabis Control Board meeting. New York State currently has 261 adult-use retail stores. OCM said it is a big increase, considering there were barely two dozen stores

Marijuana Business News

The New York Cannabis Market Continues to Soar

The New York Cannabis Market Continues to Soar

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Cannabis NewsDecember 11, 2024

The New York Office of Cannabis Management held a Control Board Meeting today that was broadcast online. Two months ago, we provided an update regarding the state’s strong growth in adult-use sales, and this extremely bullish story has become even more bullish. Sales growth is very strong, and the

Marijuana Business News

Recreational marijuana sales stabilize in October following sharp September drop

Recreational marijuana sales stabilize in October following sharp September drop

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Cannabis NewsDecember 10, 2024

Arizona’s recreational marijuana market showed signs of stabilization in October, with dispensaries selling $75.3 million in adult-use cannabis products, up from September’s $67.3 million, according to the latest data from the Arizona Department of Revenue. The medical marijuana sector continued its

Marijuana Business News

Press Release: Ridder announces partnership with NAVUS CEA Enterprises

Press Release: Ridder announces partnership with NAVUS CEA Enterprises

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Cannabis NewsDecember 10, 2024

Ridder is proud to announce a strategic partnership with Navus CEA Enterprises, a family-funded investment company with a proven track record in controlled environment agriculture (CEA). Building on a history of successful collaborations as co-investors in ventures like Blue Radix and Metomotion

Marijuana Business News

These 2 Marijuana Stocks Could Surge Under Trump's Second Term

These 2 Marijuana Stocks Could Surge Under Trump's Second Term

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Cannabis NewsNovember 21, 2024

The legal cannabis market is projected to reach $102.2 billion globally by 2030, growing at a sizzling 25.7% annual rate, according to a report by Grand View Research. This dramatic growth is expected even without U.S. federal support, but that equation could shift dramatically under President-elect

Marijuana Business News

Coalitions and advocates want to see marijuana decriminalized

Coalitions and advocates want to see marijuana decriminalized

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Cannabis NewsNovember 21, 2024

In 2022, LEX 18 reported on pushes for the decriminalization of marijuana in the commonwealth and the next year there was a lot of discussion about medical marijuana. Now, in 2025, Kentucky will begin a medical cannabis program. But advocates like Robert Matheny, the owner of KY CBD Farmacy, say it

Marijuana Business News

Beer Industry Group Pushes Tighter Regulations For Cannabis Products—And Higher Taxes Than Are Levied On Alcohol

Beer Industry Group Pushes Tighter Regulations For Cannabis Products—And Higher Taxes Than Are Levied On Alcohol

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Cannabis NewsNovember 20, 2024

A leading beer industry trade group has put out a statement of guiding principles to address what it calls “the proliferation of largely unregulated intoxicating hemp and cannabis products,” warning of risks to consumers and communities resulting from THC consumption. Among other recommendations

Marijuana Business News


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