Los Angeles County Seizes Illegal Marijuana Worth $1.2 Billion

Officials in Los Angeles County announced the most recent data for one illegal marijuana seizure operation, the findings of which rank up to $ 1.2 billion in value. In a news conference on July 7, Sheriff Alex Villanueva elaborated on the details of a recent seizure conducted by his department.…

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How are Michigan Recreational Marijuana Sales Doing? $1 Billion in Just 12 Months and Counting

The citizens of Michigan sure got their weed lit last year. They smoked and dosed till they made the sales all lit up—almost 482% increase! Michigan recreational cannabis market made a whopping sum of $ 984 million and even more; all in its first year of adult-use sales. I daresay…

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Marijuana Prohibition is Now Costing the US $53 Billion Every Year

A Big Mistake, Economically And Otherwise There are many reasons why we should end prohibition. Perhaps next to better access for those who need it, ending marijuana prohibition is going to benefit the economy greatly. A shocking report published in AmericanMarijuana.org revealed that as a country, we’re losing $ 53…

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Oh, Canna-bis! Canadian Cannabis Sales Double and Hit $2.6 Billion in 2020

The legalization of cannabis is gaining massive momentum in different countries around the world. As a result of this, the cannabis industries around the world are growing at distinct rates with certain countries experiencing major boom at times. Canada stands out as one of the countries that saw significant growth…

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America’s Love Affair with Cannabis – $17.5 Billion in Legal Marijuana Sales and Counting

COVID-19 disrupted the growth of certain industries in the United States of America, however, the cannabis industry in the country owes all its recent growth to the pandemic. It was reported recently that the total sales of cannabis in the country have reached a total of 17.5 billion dollars. This…

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US Economy Expected To Receive $92 Billion From Legal Cannabis This Year

It’s no secret that the cannabis industry is bringing in all kinds of money for the industry, but now, there are official numbers backing it up. Even without full legalization, legal cannabis is reportedly poised to bring in almost $ 100 billion to the US economy in 2021.  This is…

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Maryland Medical Marijuana Sales Hit $1 Billion in Less Than 40 Months! New Billion in Sales Predicted in Next 20 Months.

The legal sale of medicinal cannabis in Maryland was approved in late 2017. Since then the industry has continued to see increased revenues from all parts of the state. The industry has been growing like weed (pardon the pun). Every link in the supply chain of the medical cannabis industry…

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Trulieve Cannabis Corp. Acquires Harvest Health And Recreation Inc. In $2 Billion Deal

Florida-based Trulieve Cannabis Corp. announced on Monday that it has reached an agreement to acquire Harvest Health and Recreation Inc. of Arizona in an all-stock deal valued at approximately $ 2.1 billion. The transaction creates a company with a combined footprint in 11 states in what Trulieve CEO Kim Rivers…

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President Biden is Too Busy to Legalize Cannabis with US Marijuana Sales at $31.7 Billion over the Past 27 Months?

Why Biden & Harris are Wrong about putting cannabis legalization on the backburner https://www.marijuanamoment.net/biden-is-too-busy-to-decriminalize-marijuana-harris-says/ When the Biden Administration took the White House – the headlines all clamored that it will be a “good time for cannabis”. Stocks seemed to echo the sentiment. Yet – since the administration took office, they…

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