marijuana sales Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Ohio recreational marijuana sales top $11.5 million in first 4 days

August 14, 2024
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Ohio
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Ohio marijuana dispensaries raked in more than $11.5 million in recreational marijuana sales in the week that ended Friday, and prices spiked dramatically in the first week that nonmedical cannabis was legally sold in the state, according to figures released…

Green for green: Ohio recreational marijuana buyers turned away for not having cash

August 14, 2024
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Ohio
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As Ohioans purchased recreational marijuana legally in the state for the first time last week, some customers were turned away because they presented credit cards and didn’t have cash. The dispensaries each had ATMs inside for people who didn’t bring enough…

Missouri

Tech glitch on 4/20 caused Missouri cannabis businesses to lose sales

April 20 is a day recognized globally for celebrating cannabis culture, but it’s also like the cannabis industry’s Black Friday. Dispensaries offer deals designed to inspire people to flood their stores to stock up. However on Saturday, dispensaries across the state…

Recreational marijuana sales could start as early as June, Ohio policymakers say

April 11, 2024
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Ohio
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Marijuana may be available to buy in mid-June, significantly earlier than anticipated, due to actions from Ohio’s rulemaking committee, their weed-enthusiast chairperson exclusively told WEWS/OCJ. Despite Ohioans voting to legalize recreational marijuana 57-43% in November, there is nowhere to buy…

Michigan local governments getting $87 million from marijuana sales

Michigan municipalities with recreational marijuana businesses are getting more than $87 million in payouts this week from taxes on marijuana purchases as sales continue to grow. According to the Michigan Department of Treasury, 71 counties and 198 cities, townships and…

Massachusetts breaks record for marijuana sales, for the 6th year in a row

Massachusetts set a new record for marijuana purchases in 2023, with December capping the year off as the best-ever sales month, the Cannabis Control Commission (CCC) said in a press release Tuesday. Adult-use marijuana establishments in the state grossed more than $1.56…

High times for Illinois pot industry as annual recreational sales top $1.6 billion

January 11, 2024
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Illinois
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Illinois pot shops sold more than $1.6 billion worth of recreational marijuana in 2023, the latest record year for the state’s budding industry. That’s a 5% increase from licensed adult-use cannabis sales in 2022, according to figures released Thursday by the Illinois…

Adults can now legally possess and grow marijuana in Ohio — but there’s nowhere to buy it

December 11, 2023
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Ohio
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Ohioans woke up Thursday in a land of limbo for recreational marijuana use: Adults can now legally grow and possess cannabis at home, but cannot legally buy it. On Wednesday night, Republican Gov. Mike DeWine urged lawmakers to quickly set…

Adams Announces New Crackdown on Illegal Pot Shops’ Landlords in New York

November 29, 2023
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New York
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Mayor Eric Adams took another swing at taking down the city’s thousands of illegal marijuana shops Monday by threatening landlords and building owners who rent to them, in what City Hall said was ”a new front in the Adams administration’s…

Arizona is oversupplied with marijuana as brands seek shrinking shelf space in dispensaries

November 3, 2023
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Arizona
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When marijuana was outlawed in Arizona, smoking the plant’s flower was the primary way to feel its effects. Now adults and medical patients can instead choose vape pens, gummies and even beverages. Machinery filled and sealed a long line of…

Denver hit $500 million in marijuana tax revenue. So where does the money go?

October 31, 2023
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Colorado
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Every time someone lights up a joint in Denver, the city government gets a couple cents in tax revenue. It turns out people have been busy; The city just passed half a billion dollars in taxes collected from legal marijuana.…

CT cannabis sales pass $25 million in September; recreational use hits $14 million

Sales of cannabis in Connecticut passed $25 million in September for the first time, the Department of Consumer Protection said Tuesday. According to preliminary data, sales of adult-use marijuana, also known as recreational cannabis, totaled $14.39 million in September, while…

Georgia

Georgia will be 1st state to allow pharmacies to sell medical marijuana

October 9, 2023
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Georgia
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Georgia soon will become the first state in the nation to offer medical marijuana products at independent pharmacies, state officials said. The Georgia Board of Pharmacy began accepting applications this week, and nearly 120 pharmacies have agreed to provide medication…

NY’s legal weed sales aren’t raking in cash as predicted. How much has sold so far?

As New York cracked down on unlicensed cannabis shops, sales of legal marijuana grew to reach a total of $33 million during the industry’s first six months, state records show. But the legal cannabis marketplace, which launched in January, remains far…

Uruguay Marks 6 Years Of Marijuana Sales, With 10.7 Million Grams Sold

Uruguay, the world's pioneering country to legalize adult-use marijuana in 2013, began its sales four years later in 2017. Over the course of six years, pharmacies sold 10.7 million grams of marijuana. On the occasion of the sixth anniversary since…

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