Americans will spend $60 billion on illicit marijuana this year, report says

Studies estimate that between 12% to 14% of adult Americans enjoy cannabis. That’s a massive group of consumers—and they spend billions of dollars every year on marijuana. Unfortunately, according to a new report, more than 71% of that spending goes to the illicit market, due to various forms of cannabis…

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California passes $1 billion in cannabis tax revenue two years after launching legal market

California has raised $ 1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of that $ 1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care…

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California passes $1 billion in cannabis tax revenue two years after launching legal market

California has raised $ 1 billion in cannabis tax revenue since the industry kicked into gear in January 2018, according to figures recently released by the state. The bulk of that $ 1.03 billion in tax money, after covering regulatory costs, has been spent on programs such as child care…

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Colorado marijuana sales hit a record $1.75 billion in 2019

Last year was the most lucrative 12 months for cannabis sales in Colorado since the state’s voters legalized recreational marijuana. Medical and recreational cannabis sales hit a record $ 1.75 billion in 2019, up 13% from 2018, according to data from the Department of Revenue’s Marijuana Enforcement Division. Marijuana tax…

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Weed Websites Fight for Survival – Someone Smart is About to Make a Billion Dollars Online

Weed Websites Fight for Survival – Someone Smart is About to Make a Billion Dollars Online The online cannabis website space is moving at a fast and furious pace this week with rumors, facts, and tons of backdoor texting and calling now happening.  To summarize, the cannabis stock market crash…

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Weedmaps IPOooops! – A Possible $6.2 Billion Dollar Fine and Money Laundering Inquiries May Slow Down the IPO

Weedmaps IPOOOps – The Weedmaps IPO May Face Problems with a $ 6.2 Billion Dollar Fine and Possible Money Laundering Inquiries from the Federal Government In one of the worst kept secrets in the cannabis space, Ghost Group LLC, dba Weedmaps, is planning an IPO in Canada in 2020, but they have…

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Legalizing Cannabis In All 50 States Would Slash $18.5 Billion From Big Pharma’s Deep Pockets

Legalizing Cannabis In All 50 States Would Slash $ 18.5 Billion From Big Pharma’s Deep Pockets Big Pharma has a lot to lose when it comes to legalization. In fact, as each state adopts a new cannabis-friendly measure, Big Pharma feels the threat. New Frontier Data released the results of…

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How Did Canadians Spend $1.6 Billion on Weed in Just 90 Days?

Canadians Spent $ 1.6 Billion On Weed In Just 3 Months But The Black Market Is Still Going Strong A new report issued by Arcview Market Research and BDS Analytics, entitled, The State of the Legal Marijuana Market, revealed that despite delays in legalizing cannabis recreationally, Canada managed to spend…

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Marlboro Company Fuses $1.8 Billion Into Cannabis Company Cronos

Risky Business: Marlboro Company Fuses $ 1.8 Billion Into Cannabis Company Big Tobacco Makes First Official Foray Into Cannabis as Tabacco Sales Continue To Fall Phillip Morris USA’s parent company, Altria, the guys responsible for producing world-famous cigarettes from the Marlboro brand, have officially become the first tobacco company to…

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