New York State: Legal Cannabis Market Would Yield $434 Million Annually

New York State: Legal Cannabis Market Would Yield $434 Million Annually

NEW YORK:  The state of New York would gain an estimated $434 million annually in new tax revenue under a regulated adult use marijuana market, according to an analysis prepared by the New York City Comptroller’s office. The report estimates the size of the statewide cannabis market to be $3.1 billion. “Our analysis shows that a 10% retail Read the full article…

Cannabis Sales On The Rise In North America

According to sales data from Colorado’s Department of Revenue released Friday, sales of recreational pot topped $59.2 million for the month, while medical marijuana dispensaries pulled in $41.4 million, for a combined $100.6 million — the highest monthly total since legal recreational cannabis sales began there in January 2014.

NEW YORK: The global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% between 2017 to 2024, while reaching a value of $63.5 billion by 2024, according to a report by Ameri Research. The market is going through a period of robust growth because of increasing legalization and decriminalization Read the full article…

Washington State Legal Cannabis By The Numbers: February 1, 2018 -May 10, 2018

LCB Leaf Data

WASHINGTON: The below statistics cover activity in Leaf Data Systems for the time period between February 1, 2018 and May 10, 2018:  

Legal Cannabis Market Projected To Grow As Customer Base Expands

Marijuana is big business

NEW YORK: According to a recent report from Brightfield Group, the global cannabis market is presently worth $7.7 billion and is projected to reach $31.4 billion by 2021. The United States accounts for about 90 percent of the whole market. But the U.S. domination of the market is expected to decrease to approximately 57 percent due to legalization of cannabis products in Read the full article…

Sales Of Cannabis Products For Medical And Adult Use

Legal cannabis sales continue to rise according to a new report from New Frontier

NEW YORK:  The legal cannabis market was worth $6.6 billion in 2016 and is forecast to grow to $24.1 billion by 2025, registering a compound annual growth rate of 16 percent, according to a report by New Frontier Data. By segment, the medical cannabis market was worth $4.7 billion in 2016 and is expected to grow to $13.3 billion by 2025. Recreational cannabis sales Read the full article…

Cannabis Market Expected to Grow As Legalization Spreads

Marijuana is big business

NEW YORK: According to a new report from Brightfield Group, the global cannabis market is currently worth $7.7 billion and is expected to reach $31.4 billion by 2021. The United States accounts for about 90 percent of the market. But the U.S. domination of the market is expected to drop to 57 percent due to legalization of cannabis in other countries. Canada is Read the full article…

Washington: Cannabis Sales Exceed $1.1 Billion In 2017

Edibles are changing the marijuana marketplace

WASHINGTON:  Retail marijuana sales in Washington state exceeded one billion dollars during the first nine months of 2017, according to data compiled by the State Liquor and Cannabis Board. Retail sales now stand at record highs, with monthly sales exceeding $130 million – up from $106 million in February. Overall, year-to-date marijuana sales in Washington are $1,101,853,539. In Read the full article…

Top 3 Drivers Of North American Cannabis Packaging Market

Cannabis packaging market in North America is set to grow at a CAGR of more than 10% from 2017-2021.

UNITED KINGDOM: Technavio market research analysts forecast the cannabis packaging market in North America to grow at a CAGR of more than 10% during the forecast period, according to their latest report. The market study covers the present scenario and growth prospects of the cannabis packaging market in North America for 2017-2021. The report also lists rigid packaging and flexible Read the full article…

Cannabis Product Sales Projected To Increase For Both Medical And Recreational Use

Marijuana is big business

NEW YORK: A market report by Ameri Research emphasizes that the global legal cannabis market was valued at $14.3 billion in 2016 and is projected to grow at a CAGR of 21.1% from 2017 to 2024. During the forecast period, the demand for cannabis will continue to rise for both recreational and medical use products, and estimated global Read the full article…

U.S. Legal Cannabis Market to Grow to $24.1 Billion by 2025

Edibles are changing the marijuana marketplace

DISTRICT OF COLUMBIA: New Frontier Data, a leading cannabis industry business intelligence firm, has refined its market projections for adult use and medical markets across the country,  according to The Cannabis Industry Annual Report: 2017 Legal Marijuana Outlook. The firm forecast the legal cannabis market to grow to $24.1 billion by 2025 with a compound annual growth Read the full article…