Legal marijuana markets in the U.S....
Across 23 states and Washington, D.C., recreational and medical sales have surpassed $ 5.4 billion in 2015, up from $ 4.6 billion the year before, according the fourth annual State of
Legal Marijuana Markets report.
In the executive summary for their «State of
Legal Marijuana Markets,» researchers with Arcview present a picture of rapidly growing
legal marijuana markets in the United States and Canada.
«These conditions have combined to produce the first
legal marijuana markets in modern times,» the authors note.
The next steps for the states that voted «yes» on their respective ballot measures will vary, as regulators in each state will likely spend several months deliberating on the specific framework for
a legal marijuana market.
On Tuesday, a joint release from New Frontier and ArcView projected that California's
legal marijuana market could reach $ 7.6 billion in annual sales by 2020 alone.
Canada's budding
legal marijuana market requires federal - provincial cooperation in order to succeed, according to a new C.D. Howe Institute report.
We checked in with California's Bureau of Cannabis Control to see how the creation of America's largest
legal marijuana market is coming along.
Current dispensary owners and operators who want a stake in
the legal marijuana market would be well served to seek legal advice and evaluate preventative options before they have been raided and charged, by which time it may be too late.
By the year 2026, it is forecasted that
the legal marijuana market in America will reach a valuation of $ 50 billion.
Bitcoin and legal marijuana are now coming together to help a flourishing
legal marijuana market.
Not exact matches
Early this month, Canopy Growth Corp., the largest
legal marijuana producer in the Canadian
market, announced it was buying competitor Mettrum for $ 430 million.
In California, implementing a «fully operational,
legal market» could take years, said state Sen. Mike McGuire, who represents the «Emerald Triangle» region that's estimated to produce 60 percent of America's
marijuana.
Pete Gendron, a licensed
marijuana grower who advised state regulators on compliance and enforcement, said the reports» numbers are guesswork, and furthermore are outdated because they don't take into account the
marijuana now being sold in Oregon's
legal recreational
market.
The governors of Oregon, Colorado, Washington and Alaska — where both medical and recreational
marijuana are
legal — wrote to Sessions and Treasury Secretary Steve Mnuchin in April, warning altering the memorandum «would divert existing
marijuana product into the black
market and increase dangerous activity in both our states and our neighboring states.»
As the federal government moves slowly but surely toward the decriminalization of
marijuana, Shoppers is looking to stake out its spot in the future
market for
legal weed.
Legal marijuana might do for flagging sales at the Golden Arches what McDonald's
marketing hasn't.
Right or not,
legal marijuana is here, and it's a growing
market.
He considers
legal marijuana an emerging
market.
Getting it wrong could mean the robust cannabis black
market stays that way — outside the law — undercutting the attempt to create the nation's largest
legal marijuana economy.
That number would almost certainly get a boost in the coming years, as
legal markets grow in California and other states, such as Nevada (where
legal recreational
marijuana sales kicked off over the summer) and Massachusetts (where the adult - use
market is expected to open in July 2018).
The biggest
legal recreational
marijuana market in America is finally ready to open its doors.
California's vote Tuesday likely had the greatest implications for the burgeoning
legal marijuana industry, adding the state's more than 38 million residents to an already rapidly growing
legal pot
market.
The news of Sessions» plan comes just days after pot shops opened in California, launching what is expected to become the world's largest
market for
legal recreational
marijuana.
The booming
market for
legal marijuana is creating big opportunities for entrepreneurs catering to the
market for alternative pot - based products, like high - end edibles and beauty products.
But things are changing fast: on New Year's Day, recreational
marijuana use becomes
legal in California, creating the world's largest
legal market.
Marijuana is likely to be
legal throughout Canada next year and the
markets are eager to get in on the ground floor.
* Canadian cannabis producers extended sharp rallies as California opened the largest U.S. state
market for
legal marijuana, with Canada expected to follow by mid-2018.
Gertner's first involvement in the («
legal,» he jokes) Canadian
marijuana market came after a 2000 Ontario Court of Appeals ruling that the government's pot prohibitions were unconstitutional because they did not include a carve - out for medical use.
Now the US has 29 states with
legal medical
marijuana, and at least seven states have
legal recreational pot
markets.
Oregon, where
legal recreational
marijuana will become available for sale on October 1, is a highly anticipated
market for entrepreneurs.
The
legal recreational
marijuana market opens for business in California on January 1st.
New Frontier Data's job projections are based on an «optimal view of the
market» if
marijuana was
legal in all 50 states, the firm explains in a statement.
While
marijuana is still illegal under federal law,
legal medical
marijuana markets have been opened across with Colorado, Washington, Oregon and Alaska opened recreational
markets as well.
In addition, economists know that only
legal markets can be taxed, and therefore many see the
market for
marijuana as a way to increase tax revenue while also making
marijuana consumers better off (compared to a situation where only black
markets exist).
The acquisition was part of the larger change in control trend that has defined Canada's
marijuana industry recently, with companies battling to gain
market share before
marijuana sales become
legal later this year.
In a new analysis on the
marijuana marketplace, San Francisco - based angel investor network ArcView Group forecasts a 64 percent surge in the
legal U.S. cannabis
market to $ 2.34 billion by 2014.
The
legal marijuana sector could unfold and function like the beer industry, with small batch varieties nabbing
market share amid larger brands.
The legalization of
marijuana across much of the U.S. — spurred by election - night victories on Tuesday — is creating a huge new
market for
legal weed.
Although the sales gap is pretty still pretty significant between the
legal marijuana and alcohol
markets, cannabis is now
legal in four states and six more will be voting this year.
The bill would establish a
legal market for
marijuana in New York and tax and regulate it like alcohol.
People aren't arguing for
legal recreational
marijuana because some benefit from it medicinally, but rather they want the medicinal aspects of it fully exploited through more and more research — which will come about via the added revenue from the recreational
market.
Synthetic
marijuana is
marketed as
legal and sold in colorful packets with street names such as K2, Spice and AK - 47.
About Site - Medical
Marijuana Inc. is the 1st public company in the
legal cannabis and industrial hemp
markets, with leading cannabidiol (CBD) oil products.
As the
legal markets for
marijuana spread, a small credit union is solving a big problem
A Canadian firm is launching an exchange - traded fund that gives investors exposure to the U.S. recreational
marijuana market — a sector that's been largely avoided by other ETFs because of
legal uncertainties.
Sabrina Fendrick: NORML, the National Organization for the Reform of
Marijuana Laws, was founded in 1970 and has been working to end marijuana prohibition and replace it with a legal framework to control and regulate the marijuana market for the last several
Marijuana Laws, was founded in 1970 and has been working to end
marijuana prohibition and replace it with a legal framework to control and regulate the marijuana market for the last several
marijuana prohibition and replace it with a
legal framework to control and regulate the
marijuana market for the last several
marijuana market for the last several decades.
The federal government's slow move toward a controlled
market for
legal marijuana in Canada is set to take a step forward this week with the delivery of a task force report that includes advice on a minimum age, product warnings and measures to prevent drug - impaired driving.
Even if the legislation is tabled in the spring it is widely anticipated that the changes will not be implemented overnight, with some predicting that the Canadian recreational
marijuana market may not be fully open and
legal until as late as 2019.
Online ads from unlicensed
marijuana shops are creating turmoil in California's emerging
legal pot
market.