Billion

Massachusetts Adult-Use Cannabis Sales Eclipse $2 Billion
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Less than three years after the first licensed recreational marijuana retailers began doing business in Massachusetts, regulated cannabis dispensaries have rung up more than $2 billion in adult-use cannabis sales, state officials announced on Wednesday.  Shawn Collins, the executive director of the Massachusetts Cannabis Control Commission (CCC), reported that as of Tuesday night, regulated marijuana […]

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Colorado Has Sold $10 Billion Worth Of Legal Weed Since 2014
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Since the state legalized it, the cannabis industry in Colorado has been booming.

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Canadians Spend Nearly A Billion Dollars On Recreational Cannabis In First Year Since Legalization
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It’s been a little over a year since Canada legalized recreational weed across the entire country. Throughout that year, a lot has changed and evolved in the country’s legal cannabis industry. Now, new stats show exactly how much Canadians have spent on recreational weed. According to the new numbers, which come from Statistics Canada, the […]

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Hotels Tap Into Projected $2.1 Billion CBD Market
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Last year, luxury edibles brand Lord Jones announced a partnership with the boutique hotel group Standard International to open a dispensary retail shop in the lobby of the Standard Hollywood hotel in Los Angeles. The partnership plans to launch the Lord Jones line of gumdrops, caramels, chocolates, and chews in the nation’s first hotel-based dispensary later […]

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National Medical Marijuana Could Save Medicaid $1 Billion, Study Finds
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National Medical Marijuana Could Save Medicaid $1 Billion, Study Finds | NORML ATHENS, GA — Patients use fewer prescription drugs in states where access to medical cannabis is legally regulated, according to data published in the journal Health Affairs. Investigators at the University of Georgia assessed the association between medical cannabis regulations and the average […]

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Report: Consumers Spend $53 Billion On Marijuana In 2016
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Report: Consumers Spend $53 Billion On Marijuana In 2016 | NORML OAKLAND, CA — Cannabis consumers spent over $53 billion on marijuana-related purchases in 2016, according to a report released this week by Arcview Market Research. The total includes sales of cannabis in both legal and illegal markets. In jurisdictions where marijuana is legally regulated, sales […]

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