sales

While Canada engages in complex dialogue about how best to regulate the sale of cannabis for adult use, tens of thousands of Canadians are currently authorized to use cannabis to treat a variety of symptoms and medical conditions. They have obtained this authorization from a physician or nurse...

Retail sales of medical marijuana in Illinois increased by roughly 30 percent in March compared to the previous month. Program director Joseph Wright says the state's registered dispensaries sold $1.9 million worth of marijuana in March to more than 4,700 patients. It was the best month yet...

Heightened competition in the market for legal recreational weed is pushing prices down and firing up border wars across state lines. Competition is so steep in Washington state that cannabis revenue growth has slowed as Oregon ramps up its adult pot sales. What's more, in Colorado and Oregon...

Marijuana is rapidly becoming a big, semi-legal business across the country, with $5.7 billion in sales last year and tens of thousands of people working and paying taxes as they cultivate, package and sell cannabis. Colorado, Alaska, Oregon, Washington state and Washington, D.C. have all...

Sales of recreational marijuana could surpass medical marijuana as early as 2018, according to a new report from Marijuana Business Daily. MBD estimates that retail sales for recreational and medical marijuana combined will be between $3.5 billion and $4.3 billion in 2016. That would mean...

In its annual report on the U.S. cannabis industry, Marijuana Business Daily predicts up to $44 billion in economic impact by 2020. To put that into some corporate context: it's roughly equivalent to the current market cap of Netflix (NFLX) or Caterpillar (CAT). Last year's report predicted $14...

Illinois medical marijuana shops had their best month yet in February with nearly $1.5 million in sales, bringing total retail sales to more than $4.4 million since the program began Nov. 9. Program director Joseph Wright announced Tuesday that registered dispensaries served 3,042 unique...

Two legislators have filed bills that could create a mechanism that will allow Louisiana to apply the state sales tax to medical marijuana. Taxing any prescription medication in the state is disallowed under the state constitution. So state Rep. Major Thibaut, D-New Roads, has proposed a bill...

Illinois medical marijuana shops had their best month yet in February with nearly $1.5 million in sales, bringing total retail sales to more than $4.4 million since the program began Nov. 9. Program director Joseph Wright announced Tuesday that registered dispensaries served 3,042 unique...

Canada's licensed pot producers are pushing Ottawa to exempt patients from paying any sales tax on their products, which would give medical marijuana the same tax status as prescription drugs. The Canadian Medical Cannabis Council, a trade group representing three commercial producers, argues...

Following Attorney General Leslie Rutledge approving a marijuana proposal for the first time since taking office, there are now two medical marijuana petitions circulating. There are several differences between the newly approved Arkansas Medical Marijuana Amendment of 2016 and the Arkansas...

With the potential for hundreds of millions of dollars in new revenue on the table, California lawmakers are pursuing a 15 percent medical marijuana sales tax. Sen. Mike McGuire, D-Healdsburg, on Wednesday introduced legislation to set a statewide assessment; local jurisdictions would still...

Sales of medical marijuana in Illinois are seeing an uptick as more dispensaries open around the state. State officials report patients purchased more than $1 million in medical marijuana last month. There are about 3,000 patients using cannabis with more 4,000 approved to purchase it...

Amid economic woes stemming from the downfall of Chinese stock market and rapid drop in oil prices, legal marijuana sales across the United States are doing surprisingly well. As a matter fact, it is expected to hit a new high this 2016. New data released on Monday by the Arcview Group, which...

A new report finds that legal cannabis sales will continue to grow year over year. With $5.4 billion in sales in 2015, this year is expected to bring in $6.7 billion and $21.8 billion by 2020. Crack all the stoner jokes you want, but America's homegrown marijuana industry is expected to bring...

The "Cannabis World Congress & Business Expo (CWCBE) is the definitive business-to-business event for the legalized cannabis industry. It is the top forum and marketplace for exhibitors and sponsors to bring cutting-edge solutions to owners and managers of businesses in this fast-growing...

Medical marijuana sales in Illinois picked up in January as more dispensaries opened around the state. Program director Joseph Wright announced Tuesday that patients legally purchased more than $1.2 million in marijuana last month. Seven new dispensaries joined the program, bringing the total...

It's time to take America's legal marijuana market seriously. As voters in more states embrace legalized marijuana sales, the burgeoning cannabis industry has gone from a curiosity to a bona fide booming market. Just how big is the market for legal pot? A new report by a leading marijuana...

Canadians selling medical marijuana outside the licensed mail-order system must still watch out for the taxman, according to a Federal Court of Appeal ruling that reasserts Ottawa's right to collect sales taxes on any and all pot that is sold. In a unanimous decision released Monday, judges...

After a three month sales tax "holiday," recreational marijuana consumers in Oregon began paying a 25% sales tax on January 1, 2016. Yes, you read that correctly: 25 PERCENT. For those of you who went to public school and didn't bother augmenting your economics education any further, this...