Million

Rhode Island Rakes In $1.6 Million in First Week of Recreational Pot Sales
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Rhode Island’s new adult-use cannabis market opened for business earlier this month, and so far, business is good.  Local news station WPRI, citing the state’s Department of Business Regulation, reported this week that “Rhode Island’s six marijuana dispensaries — five of which are currently authorized to sell to recreational customers — collectively sold just over […]

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New Frontier Data Projects 27.7 Million Pounds of Cannabis Cultivated in 2030
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Cannabis data company New Frontier Data released “Growing Excellence: Seven Ways to Optimize Cannabis Cultivation in Newly Legal Markets” on Sept. 7, which highlights seven key issues that new cannabis producers should consider in order to achieve success. “The continued activation of new legal markets will keep pushing existing cannabis producers to expand operations and draw […]

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Cannabis Tax Revenue Provides $31 Million to Arizona Community Colleges
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Ten community colleges in Arizona have recently received $31 million in funds from recreational cannabis taxes, the Associated Press reports. Arizona’s recreational cannabis law states that one-third of the 16 percent excise tax will be set aside for community colleges every year. Each college may use the funds to support “workforce development, STEM and certain […]

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Isle Of Man Plans $136 Million Facility Off Coast of U.K.
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The Isle of Man (located in the middle of the Irish Sea, between Ireland and the U.K.) is attempting to enter the cannabiz, and in a big way. Peel NRE, a local firm, has outlined proposals to build an indoor cultivation facility and is currently asking for views from the public. The enterprise is just […]

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MJBiz Acquired by Emerald Holding for $120 million
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Denver-based MJBiz, well known for its online B2B news and business content, has been acquired by Emerald X. Emerald is a subsidiary of Emerald Holding, a media and event company based in New York, and acquired MJBiz for a total of $120 million. The acquisition includes MJBizCon, MJBizDaily, Hemp Industry Daily, MJBiz Magazine as well […]

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MAPS Organization Granted $12.9 Million to Study Cannabis and PTSD
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MAPS, The Multidisciplinary Association for Psychedelic Substances, was awarded a $12,979,050 million grant from the state of Michigan to fund a study on PTSD and cannabis on August 10. According to Dr. Sue Sisley, President of the Scottsdale Research Institute and longtime cannabis researcher, this new study is sorely needed in the community. “Suicide among […]

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Medical Marijuana Sales Pass $50 Million Mark In Arkansas
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Despite delays, Arkansas’ medical cannabis program is proving to be successful.

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