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Pritzker Administration Announces Cannabis Sales Exceed $2 Billion Annually

Pritzker Administration Announces Cannabis Sales Exceed $2 Billion Annually

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Cannabis NewsFebruary 7, 2025

CHICAGO - As the State of Illinois celebrates the fifth anniversary of the legalization of adult use cannabis in Illinois, the Illinois Department of Financial and Professional Regulation (IDFPR) announced today that 2024 marked the fourth consecutive year of record-setting sales. Overall

Marijuana Business News

Cannabis regulators warn against potentially unsafe marijuana from two companies

Cannabis regulators warn against potentially unsafe marijuana from two companies

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Cannabis NewsFebruary 6, 2025

Days after a prominent cannabis testing laboratory filed a lawsuit against its competitors over allegations of fraud, Massachusetts cannabis regulators have sounded the alarm over potentially harmful products sold by two marijuana companies, who are both pushing back against the need for the notice

Marijuana Business News

What's Going On With Tilray Brands Stock Monday?

What's Going On With Tilray Brands Stock Monday?

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Cannabis NewsFebruary 4, 2025

Tilray Brands, Inc. TLRY +1.01% stock is trading lower on Monday, alongside other cannabis-related stocks, following President Donald Trump's announcement of new tariffs on imported goods from Canada, Mexico and China, set to take effect Tuesday. Trump has since temporarily paused the 25% tariff on

Marijuana Business News

California Wildfires, Cannabis Rescheduling, Wisconsin Legalization Lead CBT’s Top Stories in January

California Wildfires, Cannabis Rescheduling, Wisconsin Legalization Lead CBT’s Top Stories in January

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Cannabis NewsJanuary 31, 2025

As if California cannabis operators weren’t already dealing with enough obstacles entering 2025, the wildfires that consumed much of Los Angeles County earlier this month only complicated the matter. From smoke damage to power outages, supply chain disruptions and confusion over disaster relief, the

Marijuana Business News

Proposal to raise state cannabis tax sprouts vendor unease

Proposal to raise state cannabis tax sprouts vendor unease

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Cannabis NewsJanuary 28, 2025

BALTIMORE COUNTY, Md. — A state proposal could raise the tax on cannabis six percentage points in fiscal year 2027, a few years after the state legalized the substance for Marylanders 21 and older. Gov. Wes Moore announced a budget proposal this month, which includes the possibility of raising the

Marijuana Business News

Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim

Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim

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Cannabis NewsJanuary 23, 2025

A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A federal district court judge has agreed with National Fire and Marine

Marijuana Business News

Over $600K worth of illicit cannabis found in Minnesota marijuana stores in 2024

Over $600K worth of illicit cannabis found in Minnesota marijuana stores in 2024

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Cannabis NewsJanuary 22, 2025

As the delayed process to license legal cannabis dispensaries continues, Minnesota is trying to keep a lid on its growing illegal cannabis market. According to a 2025 report by the Minnesota Office of Cannabis Management (OCM), the agency found more than 199 lbs of illicit cannabis flower at 134

Marijuana Business News

How European Cannabis Seed Companies Are Quietly Taking Over The U.S. Market

How European Cannabis Seed Companies Are Quietly Taking Over The U.S. Market

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Cannabis NewsJanuary 21, 2025

The cannabis industry owes much of its foundation to one simple but often overlooked component: the seed. While modern, commercial cultivation frequently relies on cloning and tissue culture to maintain genetic consistency, seeds remain essential for biodiversity and the expansion of cannabis

Marijuana Business News

The American Dream is Under Attack Illinois Black Hemp Association Shines Light on the Businesses Impacted By Recent Proposed Legislation Efforts

The American Dream is Under Attack Illinois Black Hemp Association Shines Light on the Businesses Impacted By Recent Proposed Legislation Efforts

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Cannabis NewsJanuary 16, 2025

The 2018 Farm Bill provided a promise of opportunity by invigorating farming, entrepreneurship and innovation that more owners, employees and consumers are beginning to enjoy, but now, the American Dream is under attack. Expansions & revisions of federal Farm Bills were designed to sustain

Marijuana Business News

Cannabis Legalization Does Not Lead To Increased Cannabis Use in Youth, Report States

Cannabis Legalization Does Not Lead To Increased Cannabis Use in Youth, Report States

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Cannabis NewsJanuary 14, 2025

The Marijuana Policy Project examined national and state-level data on percentages of student cannabis use before and after cannabis laws were enacted. In a January 9, 2025, press release, the Marijuana Policy Project (MPP) announced it had compiled data from various reports related to the effect of

Marijuana Business News

Colorado Garnered $255 Million in Marijuana Taxes in 2024, Over $2.8 Billion Since 2014

Colorado Garnered $255 Million in Marijuana Taxes in 2024, Over $2.8 Billion Since 2014

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Cannabis NewsJanuary 13, 2025

In December, Colorado garnered over $19 million in marijuana tax revenue, bringing 2024’s total to over a quarter billion. According to data released today by the Colorado Department of Revenue , the state made $19,141,932 in taxes from December’s roughly $95 million in sales. This brings the total

Marijuana Business News

Revenue from cannabis business tops $80M for NY in latest fiscal year, report shows

Revenue from cannabis business tops $80M for NY in latest fiscal year, report shows

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Cannabis NewsJanuary 13, 2025

The New York State Office of Cannabis Management released reports highlighting their work over the past year. The annual report goes into detail about the licensing processing, social and economic equity efforts and how they continue to prioritize public health and safety. The report also showed the

Marijuana Business News

Ohio recreational marijuana sales top $242 million by end of 2024

Ohio recreational marijuana sales top $242 million by end of 2024

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Cannabis NewsJanuary 8, 2025

Profits from sales of recreational marijuana are in the tens of millions, the Division of Cannabis Control reports. As of Dec. 30, sales of recreational marijuana were reported to have exceeded $242 million of the more than $2.2 billion in total product sales, including medical marijuana. More than

Marijuana Business News

Data Shows Young Women Use More Cannabis Than Men— Here’s Why

Data Shows Young Women Use More Cannabis Than Men— Here’s Why

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Cannabis NewsDecember 19, 2024

Last year young women outpaced men when it came to cannabis use, but what’s behind this historic shift in consumption trends? According to data from the latest Monitoring the Future study, in 2023, women aged 19-30 years reported consuming more cannabis than men for the first time since records

Marijuana Business News

Unique cannabis brand grows from Whidbey roots

Unique cannabis brand grows from Whidbey roots

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Cannabis NewsDecember 18, 2024

In dispensaries across Whidbey, patrons can find a popular brand of cannabis known for its consistency, kindness to the environment and colorful packaging. What people may not know about the Port Angeles-based weed farm, Falcanna, is that it would not exist without an iconic falconer on South

Marijuana Business News

Unlike Michigan, Ohio has no plans to allow marijuana billboards: The Wake Up for Tuesday, Dec. 17, 2024

Unlike Michigan, Ohio has no plans to allow marijuana billboards: The Wake Up for Tuesday, Dec. 17, 2024

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Cannabis NewsDecember 18, 2024

If you’ve driven an interstate highway through Michigan, you’ve been bombarded with billboards for weed. The state approved recreational marijuana five years ago and the ads immediately proliferated, with competing companies boasting homegrown products, free delivery and puns. (“Stop by and say high

Marijuana Business News

Ohio’s adult-use cannabis rollout was one of the most successful in the US, says analyst

Ohio’s adult-use cannabis rollout was one of the most successful in the US, says analyst

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Cannabis NewsJanuary 8, 2025

Ohio’s newly launched recreational marijuana market is already turning heads nationwide, with experts calling it one of the most successful rollouts in U.S. history. Ben Burstein, a national marijuana sales analyst with LeafLink, said Ohio’s approach to launching its recreational cannabis market has

Marijuana Business News

Hochul: Cannabis sales reach $1 billion in NY

Hochul: Cannabis sales reach $1 billion in NY

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Cannabis NewsJanuary 7, 2025

Gov. Kathy Hochul said last week that New York state’s cannabis industry has reached more than $1 billion in retail sales. “This achievement reflects the dedication of entrepreneurs, consumers, and communities who have embraced the legal market and helped to establish New York as a national leader

Marijuana Business News

Cannabis Trends in 2025

Cannabis Trends in 2025

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Cannabis NewsJanuary 7, 2025

2024 was a primarily lean and flat year for the U.S. cannabis industry. The state-legal cannabis industry has been volatile from its inception, and 2024 represented a year of winnowing with many cannabis businesses failing. 2025 has some light on the horizon, though, with the prospect of the Drug

Marijuana Business News

Cannabis conundrum: Legal doesn’t mean clean; illicit isn’t always dirty

Cannabis conundrum: Legal doesn’t mean clean; illicit isn’t always dirty

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Cannabis NewsDecember 19, 2024

California cannabis regulators and industry defenders argue that despite the proliferation of pesticides found in legal weed, licensed products are still safer and purer than those sold on the underground market. That isn’t always true, according to an analysis of tests conducted by The Times. Of 16

Marijuana Business News


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