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Ever wonder how many people in the world consume cannabis? Well, if you're one of them, then you're in the company of 182 million, 999 thousand, 999 others. That's approximately how many people enjoy marijuana worldwide according to the 2017 edition of the United Nations' World Drug Report...

Colorado is used to seeing marijuana sales tax dollars spike in April, thanks to the 4/20 holiday on April 20, but that wasn't the case this year, according to the Colorado Department of Revenue. Sales tax data from the regulatory agency responsible for overseeing the state's Marijuana...

It's been three years since Clark County's first cannabis businesses appeared, and this corner of Southwest Washington has grown into the fifth largest cannabis market in the state, according to sales and excise taxes collected. What started out as a chaotic industry with major supply-side...

Sales in the legal marijuana business are blazing hot, brushing $6.7 billion in 2016 -- but projections are expected to climb even higher to as much as $20 billion in sales by 2021, according to cannabis research firm Arcview Market Research. Despite the uptick in overall sales, the industry...

When it comes fast-growing industries, you'd struggle to find one with more consistent annual growth potential than legal marijuana -- and marijuana stock investors know it! Depending on your source, the marijuana industry is set to grow by between 23% and 27% annually over the next 5 to 10...

Twenty years after approving medical marijuana, Californians come 2018 will be able to consume it for recreational purposes, too, and the localities that have reaped the most from legal cannabis sales may be best positioned for what could be a billion-dollar windfall. Los Angeles, San...

Money brought in by Colorado's booming, legal marijuana industry is now being used to help homeless citizens, address mental health and end the state's opioid epidemic. The state's $105 million in tax revenue from marijuana sales in the 2016-2017 fiscal year will go toward the "Marijuana Tax...

On May 26, Governor John Hickenlooper signed the bill finalizing Colorado's budget for 2017-18. Last year, the legalized marijuana industry brought in $200 million in taxes, and this budget gives us an idea of where that money is going. The $200 million was generated from three tax revenue...

As Oregon economists calculated their May revenue forecast, they had new figures to add in: marijuana taxes. They estimated marijuana sales will create about $210 million in taxes through the middle of 2019. That may sound like a lot, but local officials reached by the Statesman Journal...

New Mexico's medical cannabis industry has grown into a powerful magnet for money and customers. Customers, sales revenue and dispensaries have exploded the past year with more than 40,000 people now signed up to purchase medical marijuana. Since Jan. 1, some 8,000 New Mexicans obtained a...

A subcommittee of 10 Nevada legislators unanimously voted today in favor of nearly $14 million in funding for 16 new state positions to help regulate the state's recreational marijuana industry. The joint Senate and Assembly subcommittee on general government said Gov. Brian Sandoval's...

Another month, another massive haul in tax revenue for Colorado marijuana sales. For the 10th month in a row, cannabis sales have exceeded $100 million in the first state in the nation to sell legal recreational cannabis. Sales tax revenue generated in Colorado for the month was just shy of...

A U.S. consultant hired by Ottawa to assess Canada's eventual recreational pot market says jurisdictions that regulate cannabis should expect "unbelievably high" sales growth in the first few years as criminals are driven out of business. Adam Orens, a founding partner of the Marijuana...

Las Vegas – Nevada officials say getting the state's retail marijuana industry started will cost about $14 million over the next two years. The Las Vegas Review-Journal reports that Department of Taxation Director Deonne Contine said Thursday that most of that money will be used to pay...

Coachella's second marijuana manufacturing and cultivation facility is expected to begin operations as soon as this summer, bringing in between $2 million and $5.5 million for the city every year in tax revenue, after the City Council unanimously approved a development agreement for the Del-Gro...

Colorado's legal marijuana dispensaries sold $1.3 billion worth of pot during 2016, according to tax data released Thursday, signaling the state's best year since legalizing recreational weed in 2013. Statistics released by the Colorado Department of Revenue this week indicate the state's...

Spokane County pot shops sold less marijuana in January than in December, but revenue still topped last year's figures. The 29 state-licensed marijuana stores operating in Spokane County last month sold $7 million worth of product, off nearly 7 percent from the $7.4 million sold the previous...

The state legislature's Office of Fiscal Analysis believes that Connecticut could bring in up to $104.6 million a year in revenue if marijuana is legalized in the state, based upon estimates of the legalized marijuana business in Colorado and Massachusetts. According to the OFA report, during...

The Ministerial Committee on Legislation moved on Sunday to endorse legislation to legalize the export of marijuana for approved medical use, Justice Minister Ayelet Shaked's (Jewish Home) office said. Adoption by the committee, which meets outside the full cabinet every Sunday, means that...

The two lawmakers hope public opinion is different this time around in order to sway other legislators and Gov. Susana Martinez to legalize recreational marijuana. There are two similar bills, one in the House and one in the Senate. They would legalize small amounts of marijuana, regulate it...