Business

Adult-Use Cannabis Generates Over $20B in State Tax Revenue

Revenue generated by adult-use cannabis markets in the U.S. is showing its true impact on the economy. According to a…

6 months ago

Hemp-Based Food Market to Soar to Over $8B by 2029, Report Forecasts

Thanks to the rise in gluten-free and plant-based food products popularity, as well as hemp-based protein powders, hemp as a…

7 months ago

Illinois Hemp Operators Call For Regulation Instead of Prohibition

Hemp business owners in Illinois are calling on lawmakers to approve legislation to regulate the state’s hemp industry instead of…

7 months ago

Hemp Clothing Market to Hit $23B by 2031, Report Predicts

Hemp clothing is making a comeback, marking the hemp textile industry’s latest resurgence in the clothing sector. Researchers say the…

7 months ago

Cannabis Community, Investors React to DEA Decision To Reschedule

Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal…

7 months ago

MedMen Files for Bankruptcy

On April 26, multi-state cannabis operator MedMen announced that it has filed for bankruptcy with the Canadian Bankruptcy and Insolvency…

7 months ago

Psychedelic Drug Market Poised to Hit $4.6B by 2030

A recent report shows a steady growth in the psychedelic drug market, however the report represents a much more conservative…

7 months ago

U.S. Economy To Receive $112.4 Billion Boost from Cannabis Industry in 2024

Green isn’t just the color of cannabis, but cash, too. And thanks to your valiant efforts of consumption, the industry…

7 months ago

Cannabis Industry Has 440,000 Full-Time Workers

More than 440,000. That is the approximate size of the cannabis industry’s labor force in this country, according to newly…

7 months ago

Arizona Weed Sales Topped $1.4 Billion Last Year

Regulated sales of marijuana in Arizona topped $1.4 billion last year, according to state data, marking the third year in…

8 months ago