Industry

During the global pandemic, cannabis sales have been record-breaking in the United States.  With more states legalizing weed medically and recreationally, those sales are projected to grow significantly within the next decade.  Arizona, in particular, had a very successful year with medical and adult-use marijuana sales. If you were to visit a recreational dispensary in…

More than one-third of programmers admit to cannabis use during work hours to boost creativity, work performance, and enjoyment, according to a recent study by the University of Michigan, published by Cornell University, in January.  Cannabis and the Pandemic Since March 2020, people have been turning to cannabis to relieve anxiety, depression, and stress that…

Could the classic sports film Field of Dreams (and its famous tagline “If you build it, they will come.”) have been the inspiration for legalized state cannabis markets? They aren’t playing baseball, obviously, but states that followed Colorado and Washington State’s lead have consistently hit home runs in terms of tax revenue that legal cannabis…

Last year, Illinois simply could not stop smoking previously-set cannabis sales records. By that, we mean sales figures from 2021 surpassed 2020’s (the year recreational cannabis was legalized in the state) by a wide margin, shattering both 2020’s year-end total overall and 2021’s own previous single-month high. What did you think we meant by “smoking?”…

Starting this spring, the University of Arizona will launch a Cannabis Certificate Program that students can complete in about six months. Predictably, some participants will refer to it as “high” school. Undergraduates may remember it fondly as “an eighth” of their collegiate career (6/48 total months spent in college). Jokes aside, it’s always a big…

The state of Colorado has reported a new revenue record for marijuana sales in 2021.  The report, published by The Center Square, includes those numbers and further data regarding tax and fee revenue collected since marijuana was legalized in 2014.  Over $12 Billion in marijuana sales and $1 Billion in taxes have been collected in…

Michigan has long been known for its gorgeous lakes, Motown records, and of course, the automobile industry. But ever since the deindustrialization of the 70’s and 80’s and the shipping of jobs overseas, Michigan has been long overdue for an economic boost. Enter cannabis.  Since approving a ballot measure for recreational use in 2018, Michigan…

Federally illegal, but still a taxable business in the Internal Revenue Service’s purview. Hmmm. It sounds a lot like similarly conflicting language that the U.S. Supreme Court invalidated last century. Only a mere 77 years ago, it ruled that the “separate but equal” persona of segregated schools in Brown v. Board of Education was anything…

Billionaire Boys Club in New York City has nothing to do with either cannabis or tax revenue. It’s actually a boutique clothing store co-founded by music mogul Pharrell Williams. But outside of Albany, it could very well be where New York’s governor and legislators celebrate an enormous financial boon for the state: over $1.25 billion…

The Mississippi state legislature and the state’s governor have long struggled to collectively arrive at a working definition of “medical marijuana,” but recently there’s been tremendous progress on that front. In an overwhelming 104-14 vote on Wednesday, Mississippi’s House of Representatives passed an amended legalization bill. Pending Senate approval and Gov. Tate Reeves’ (R) signature,…