Tag: CBT > Business Issues/ Benchmarks > Commercial Cannabis Sales: Page 2

Virginia

Tension Between Virginia Governor, Senate Could Deal Defeat to Cannabis Sales Bill

Gov. Glenn Youngkin appears less likely to sign the legislation after state lawmakers blocked his effort to build a professional sports arena.

March 8, 2024

Cannabis Sales Trends

BDSA Forecasts Global Legal Cannabis Sales to Hit $58 Billion in 2028

The cannabis market intelligence company projects that U.S. sales will account for nearly 80% of that global market share.

March 6, 2024

Legislation and Regulation

Ohio Adult-Use Dispensary Licenses to be Issued by Sept. 7

Pending any legislative changes, the state’s regulators will approve provisional licenses for existing medical operators to begin sales.

February 26, 2024

Virginia

Virginia Senate Committee Approves Proposal to Create Commercial Adult-Use Cannabis Market

The Senate Rehabilitation and Social Services Subcommittee on Cannabis considered two competing measures and ultimately advanced Sen. Aaron Rouse’s Senate Bill 448 after merging it with Sen. Adam Ebbin’s Senate Bill 423. It then passed in committee.

January 26, 2024

Illinois

Illinois Celebrates 3rd Year of Record Adult-Use Cannabis Sales Growth

Adult-use cannabis sales exceeded $1.6 billion in 2023, setting an annual record.

January 16, 2024

Virginia

Virginia Lawmakers Make Renewed Push to Launch Commercial Adult-Use Cannabis Market

Lawmakers in the House and Senate have introduced legislation that would pave the way for regulated adult-use sales nearly three years after former Gov. Ralph Northam signed a legalization bill.

January 16, 2024

New Jersey

New Jersey Dispensaries Break Quarterly Cannabis Sales Record

The state’s growing number of licensed retailers reported more than $206 million in cannabis sales for the third quarter.

December 8, 2023

Missouri

New York Cannabis Sales Eclipse $100M as Missouri Passes $1 Billion in 2023

The Empire State’s regulated adult-use retail market has struggled to pick up steam with a mere 27 operators licensed for commercial sales.

November 21, 2023

Illinois

Illinois Repeats $165 Million Cannabis Sales Month for September

The state’s average flower price of $277 per ounce remains relatively steep despite demand for adult-use products being at an all-time high.

October 5, 2023

Cannabis Sales Trends

These 12 States Sold More Than $1 Billion in Cannabis in August (With Chart)

Leading the way, Michigan’s cannabis sales are still booming, as the state’s retailers repeat another $276 million month.

September 14, 2023

Montana

New Mexico, Montana Continue Breaking Cannabis Sales Records; Among Best Performing Markets in Nation

The emerging adult-use programs are outdoing their legalization peers on a per-capita sales basis.

September 13, 2023

Maryland

Maryland Cannabis Sales Crack $420 Million For Year; Tax Revenue’s Banking Scrutinized

The state’s licensed dispensaries reported more than $104 million in adult-use cannabis sales in the first two months since the program launched.

September 7, 2023