Photo credit: LittleIvan New York’s legal cannabis market was set up with high expectations when it was legalized in March 2021. State officials promised a robust, equitable marketplace designed to prioritize social justice and economic opportunity for communities most affected by past cannabis prohibitions. However, the market rollout faced significant setbacks, delaying … [Read more...] about New York’s Legal Market Set to Pass $1 Billion in Sales by End of 2024
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What Does Legal Cannabis the EU’s Economic Powerhouse Look Like?
Photo credit: Lukasz Stefanski. Seven months after Germany legalized adult-use cannabis, the country’s so-called “cannabis clubs” finally distributed cannabis for the first time to its members last Saturday. At midnight on April 1, Germany’s Cannabis Act (Cannabisgesetz or CanG) entered into force. The legislation legalized the recreational use of cannabis in the European … [Read more...] about What Does Legal Cannabis the EU’s Economic Powerhouse Look Like?
New York Cannabis Sales Increasing as Summer Ends
Featured Image Courtesy of The Cannabis Reporter. As New York’s cannabis industry continues to mature, recent data from Headset sheds light on the evolving dynamics. The rollout of the legal market in New York began with the passage of the Marijuana Regulation and Taxation Act (MRTA) in March 2021. It's faced a slow start, however, due to bureaucratic hurdles and … [Read more...] about New York Cannabis Sales Increasing as Summer Ends
How Legalization is Creating Jobs and Boosting Revenue
Photo Credit: Yahoo. In 2005, a Harvard professor of economics named Jeffrey A. Miron published a report titled “The Budgetary Implications of Marijuana Prohibition.” Funded by The Marijuana Policy Project (MPP), Miron concluded that cannabis legalization on a federal level would save the government $7.7 billion per year. He also estimated that the tax revenue would generate … [Read more...] about How Legalization is Creating Jobs and Boosting Revenue
California State Fair to Allow Cannabis Consumption and Sales
Photo courtesy of castatefaircannabisawards.com The California State Fair is making headlines this summer as it prepares to become the first state fair in the nation to allow on-site cannabis sales and consumption. Held annually at Cal Expo in Sacramento, the fair takes place from July 12 to July 28. According to organizers, adults aged 21 and older attending the … [Read more...] about California State Fair to Allow Cannabis Consumption and Sales