Sentences with phrase «marijuana sales in»

A study by Arcview Market Research found that marijuana sales in North America grew by 30 % in 2016.

The comptroller's office used survey findings and figures from Colorado and Washington, which started allowing marijuana sales in 2014, to estimate how many New Yorkers smoke pot regularly, how much they would spend if it's legalized and how much tax revenue those sales could generate.

Illicit marijuana sales in New York are estimated at $ 3 billion, and an official study by City Comptroller Scott Stringer in 2013 found that potential tax revenue for the state would likely exceed $ 400 million, if an adult - use marijuana market was legalized in New York City.

More states are expected to consider legalizing marijuana sales in the coming years.

California State Sen. Scott Weiner, right, celebrates the opening of The Apothecarium for recreational marijuana sales in San Francisco on Saturday, Jan. 6, 2018.

President Donald Trump expressed support for medical marijuana on the campaign trail, but his administration has hinted at a possible crackdown on the growing number of U.S. states that have legalized marijuana sales in some form.

Voters in Maine approved recreational marijuana sales in November 2016.

Here's what you need to know about the start of legal recreational marijuana sales in California:

Meanwhile, marijuana remains illegal on the federal level, and Attorney General Jeff Sessions has recently taken steps that would allow federal prosecutors in states where weed is legal to decide whether to prosecute people over marijuana sales in a development that could threaten the burgeoning industry (or, at the very least, spur litigation from some of the states in question looking to keep the federal government from interfering with statewide legislation).

Not exact matches

With city data indicating that African - Americans have been charged with marijuana crimes twice as frequently as white residents, the Oakland City Council voted unanimously in March to allocate 50 percent of medical marijuana and cannabis sales permits to people affected by the war on drugs.

On New Year's Day, the sale of marijuana for recreational became legal in California, the country's most populous state.

Companies are boosting marijuana inventory in anticipation of legal recreational sales in July, and have much more weed than can possibly be sold at this point.

In its 2017 State of Cannabis report released earlier this year, California marijuana delivery company Eaze reported that edible sales have increased as more people learn best practices for proper dosing.

Sales of some beer brands even dipped slightly in Colorado, Washington and Oregon after these states legalized recreational marijuana.

On one hand, marijuana sales boosted by consumer enthusiasm and holiday spirit are great for distributors of cannabis, who are already swimming in profits, but come at the expense of general employers who may notice their workforce is inexplicably missing in mass or notably less productive on April 20.

While there are some variations across provinces in their distribution plans for legalized marijuana, the largest two provinces, Ontario and Quebec, intend to have provincial run outlets modelled on their government - controlled alcohol sales.

On Monday and Tuesday of this week, Attorney General Sessions said that marijuana sale and use is still against federal law and said he does not think that cannabis is something that should be legalized, despite the fact that more than half of all states have some form of a regulated market already in place and the majority of Americans agree that marijuana prohibition should end.

Tree — who said the policy change restored a price support for growers by reintroducing a «federal risk premium» — told Business Insider that while consumers in states were marijuana was legal were probably used to a high - quality and tested product, he suspected cracking down on legal marijuana production and sales would incentivize trafficking of lower - quality marijuana to states where the drug is still illegal.

Leafly, a Yelp - like website for the legal cannabis industry, has a list of California cities in which legal recreational marijuana will soon be going on sale, though the site notes that not all dispensaries are likely to be fully licensed by Jan. 1.

But, entrepreneurs hoping to land their own licenses will also have to make sure that they have the approval of their local county or municipality, and the Los Angeles Times notes that most of the cities in California have still not approved recreational marijuana sales.

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).

In some of those states, eager consumers celebrated the first day of legal recreational pot sales by lining up at their local dispensaries in order to be among the first to participate in the newly - legal marijuana economIn some of those states, eager consumers celebrated the first day of legal recreational pot sales by lining up at their local dispensaries in order to be among the first to participate in the newly - legal marijuana economin order to be among the first to participate in the newly - legal marijuana economin the newly - legal marijuana economy.

Recent polls suggested roughly 60 % support for the ballot to legalize recreational cannabis in California, which legalized medical marijuana two decades ago and already sees an estimated $ 2.7 billion from legal medical pot sales.

While some remain defiant and plan to continue their work, one party in particular stands to benefit if the new policy restricts legal sales and pushes prices up — Mexican drug traffickers who see marijuana as a kind of cash crop.

While medical marijuana has been legal in California for two decades — accounting for roughly $ 2 billion in annual sales — state residents must wait until January 2018 before they are able to legally buy marijuana in California without a doctor's approval.

Walk - in sales at pharmacies are not allowed under the law, and only residents of Uruguay can register to buy pot — thereby preventing marijuana tourism.

Montevideo (AFP)- The number of people registering to buy newly legalized marijuana in Uruguay jumped by almost 50 percent in the first week of sales, according to official figures released Wednesday.

California governments are projected to take in as much as $ 1 billion annually in taxes and fees with recreational marijuana sales starting this year.

The Tax Foundation, in an opinion piece on the report, said the drop «could indicate that marijuana still faces significant competition from black market sales.»

The National Bureau of Economic Research study looked at Washington, where recreational marijuana sales started in July 2014.

Court filings from 2014, for instance, show the IRS seized 222 Bitcoins from a marijuana dealer in Texas, but there is no documentation of its sale.

Lift CEO Matei Olaru said he believes its accounts were targeted in connection with the U.S. tech giants» policies barring promotion of the sale of illegal, prescription or recreational drugs, even though medical marijuana is legal in Canada and recreational pot will soon follow suit.

But about $ 200 million in recreational marijuana has already been sold, with the state bringing in about $ 30 million in taxes and fees in the first six months of sales.

In November 2016, four states approved the sale of recreational marijuana.

Aside from technology, the company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational marijuana.

A less far - reaching proposal in the District of Columbia to allow marijuana possession but not retail sales won nearly 65 percent of the vote with all precincts reporting, unofficial results showed.

On November 8, another four states voted in favor of outright marijuana legalization: California, Nevada, Maine, and Massachusetts all voted in favor of legalized use, sale, and consumption of recreational marijuana.

Rocky Mountain high meets the American open road in the state where legal marijuana sales fueling a new economy.

In California on November 8, voters chose yes on Proposition 64 — a bill to legalize the recreational use, possession, cultivation, and sale of marijuana.

In Nevada on November 8, voters chose yes on Question 2 — a bill to legalize the recreational use, possession, cultivation, and sale of marijuana.

All marijuana legally for sale in Colorado will be deemed medical if the Trump Administration turns against recreational sales legal in eight states.

In Massachusetts on November 8, voters chose yes on Question 4 — a bill to legalize the recreational use, possession, cultivation, and sale of marijuana.

Recreational, or «adult use,» marijuana sales also jumped from just under a billion in 2015 to $ 1.7 billion in 2016.

The legal marijuana industry could generate roughly $ 22 billion in annual sales across the US within four years.

U.S. Attorney General Jeff Sessions has made no secret of his contempt for marijuana use, and his Department of Justice is on the verge of releasing a report that many in the burgeoning legal cannabis industry fear will propose prosecuting people engaging in marijuana sales — even if they are in states that have legalized the drug locally.

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.

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.

JP Noda stocks cannabis at The Apothecarium shortly before the store opened for its first day of recreational marijuana sales on Saturday, Jan. 6, 2018, in San Francisco.

Customers line up to buy cannabis at The Apothecarium during the store's first day of recreational marijuana sales on Saturday, Jan. 6, 2018, in San Francisco.

Linton said that a 250,000 square foot greenhouse should be able to produce around 10,000 kilograms of marijuana annually, which at an average sale price of C$ 8 a gram could bring in C$ 80 million.