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U.S. Retail Cannabis Sales On Pace To Rise 40 Percent, Eclipsing $15 Billion In 2020
Total U.S. sales could rise as high as $37 billion by 2023, Marijuana Business Daily data finds. Meanwhile, the coronavirus pandemic has thrown a huge curveball at projections.
Cannabis Sales Continue to Soar Through The Pandemic
Consumers are making the best argument that legal marijuana can help reignite the economy by purchasing cannabis products in record numbers across the country.
Nevada Sold $692 Million In Legal Cannabis Last Year. What Happens In 2020?
The state made $172 million in excise tax, sales tax, and licensing fees from cannabis in the 2019 fiscal year, Nevada's Dispensary Association reports.
Marijuana Industry Soars In Midwest, Even As Pandemic Lockdown Continues
Illinois and Michigan have seen rising cannabis sales. Meanwhile, in Massachusetts, recreational dispensaries were not deemed "essential" and still face an uncertain timeline for reopening.
CBD Companies See Online Sales Spike As Retail Shops Remain Limited
"We've seen a pretty dramatic increase in our online transaction volume," said Adam Grossman, CEO and founder of Papa & Barkley.
Europe Sold 240 Million Euros Worth Of Cannabis In 2019, New Report Shows
Experts say Europe's legal medical cannabis market is still far from reaching its potential.
People Are Spending Their Stimulus Checks On Cannabis
Cannabis, an essential good in many legal markets, saw up to 63 percent sales increases the day the stimulus check arrived.
Marijuana And Liquor Sales Rise As Americans Self-Isolate From Coronavirus
Americans have included marijuana and liquor as an essential good to have during the coronavirus outbreak.
This State Sold Record $1.4 Billion in Cannabis Last Year
Recreational marijuana sales in Colorado were up 16 percent in 2019.
Illinois Demand For Cannabis Is So High, Recreational Shops Close Due To Shortages
The losses in possible sales due to marijuana product shortages is easily in the millions of dollars, one expert estimated.
'Microdosing Moms' and 'Divorced Dads' Emerge Among Cannabis Consumers
Thanks to legalization and the ability to consume discretely by vaping or snacking on edibles, ever more adults are using cannabis.
What You Should Know About the World's First Direct-to-Stoner Marijuana Vending Machine, Man
The staid, old vending machine concept is getting baked. Where? Dude, we're talking Colorado, bro, where it's legal to get stoned.
