Connecticut’s first recreational cannabis retail shops will open Tuesday morning – a long awaited milestone in the state’s effort to decriminalize the drug and create an equitable legal market. State officials gave permission to nine existing medical cannabis dispensaries to also sell in the adult use market and seven... Read more
Montanans purchased more than $300 million worth of marijuana in the first year of recreational sales. Lawmakers recently heard that and other updates from state regulators. Montana’s marijuana industry includes 432 dispensaries, employs more than 4,000 people and contributes millions of dollars of tax revenue “Right now there’s $35,460,147... Read more
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, After... Read more
The Massachusetts CCC’s report shows that between Jan. 1 and Dec. 18, 2022, the state collected $1.42 billion in adult-use sales. In a breakdown of sales by month, the state collected a fairly steady amount of sales, the highest being $132.4 million in July and $130.8 million in August,... Read more
Montana raked in more than $200 million in its first year of recreational cannabis sales, the state reported this week. The Montana Department of Revenue released figures detailing how much money was generated in both medical and recreational marijuana sales in 2022. Last year marked the launch of the... Read more
Regulated sales of cannabis in New Mexico topped more than $40 million for the month of December, with recreational marijuana sales setting a new record of $28 million for the month. Sales of medical marijuana totaled about $15.1 million for the last month of 2022, up from about $14... Read more
Consultants said the demand for cannabis in Maryland likely places it among the top 15-20 percent of all states Maryland lawmakers working to create a system for the legalized sale of recreational marijuana had a question for researchers: What does demand look like for cannabis in Maryland? The answer:... Read more
Minnesota Democrats on Thursday pledged that they would pass recreational marijuana this session with their new majorities in both chambers, which helps clear a path for the effort previously stymied by Republicans. “I believe 2023 will be the year we legalize adult-use cannabis,” says Rep. Zack Stephenson, DFL-Coon Rapids,... Read more
Recreational marijuana officially went on sale in Detroit on Wednesday when the medical dispensary House of Dank on Fort Street, near the border of Lincoln Park, opened its doors to recreational buyers. A few hours later on the opposite side of the city, DaCut, a medical marijuana dispensary on Gratiot Avenue... Read more
Calling them rushed, Michigan Gov. Gretchen Whitmer recently vetoed 11 bills including three medical cannabis bills, with others related to retirement and tax. The governor did however sign into law six other bills approved by the Legislature. Michigan Advance reports that Whitmer said in her veto letter to the... Read more