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.…
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…
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…
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…
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…
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…
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…
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…
It’s no surprise that Canada has been killing it when it comes to cannabis spending in their legal, nation-wide market. It’s also common knowledge that, despite the hit the global economy took in 2020, cannabis is one of the only markets that not only survived, but thrived. But it’s still…
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…