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Colorado Marijuana Sales Reach $1.3 Billion in 2016

February 10, 2017
AggregatedNews
Colorado
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It’s a billion-dollar business — and then some. In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales, based on Colorado Department of Revenue tax data released Thursday. To put the state’s third year of regulated recreational…

California Cannabis Firm Predicts Pot Revenue Will Quadruple Post-Election

The marijuana industry could quadruple in size after the 2016 elections, according to a new study released Wednesday. The Los Angeles-based cannabis firm MedMen projects legal pot sales in the U.S. could increase by $20.5 billion per year after voters…

Recreational Marijuana in Canada Could Be More Profitable Than Alcohol

October 28, 2016
AggregatedNews
Canada
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Legalized recreational marijuana promises to spark a $22.6-billion industry in Canada, eclipsing combined sales of beer, wine, and spirits, a new study suggests. The Deloitte report — titled Recreational Marijuana: Insights and Opportunities — being released soon concludes that Prime…

Medical Marijuana in Michigan Could Generate Millions

October 19, 2016
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Michigan
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LANSING - A fully developed legal market for medical marijuana in Michigan could lead to millions of dollars in new state tax revenue. Exactly how much is open to interpretation, but some analysts’ estimates suggest it could top $63 million…

Illinois Medical Marijuana Sales Reach $23 Million

Medical marijuana sales reached more than $3.8 million last month at licensed dispensaries throughout Illinois. The state released new monthly sales figures Wednesday. September's sales figures bring the total retail sales in Illinois to $23.5 million since purchasing began in…