article thumbnail

Report: Federal Marijuana Legalization Would Create $86 Billion in New Tax Revenue by 2025

The Joint Blog

New Frontier Data , which claims to be “the authority in data analytics and business intelligence on the global cannabis industry”,?today today announced new economic data detailing the potential impact of federal cannabis legalization in the United States. tax revenue between 2019 and 2025 and a $56 billion annual U.S.

Data 48
article thumbnail

Research Company Says That NY Cannabis Market To Be Worth Over $US7 Billion By 2025

Cannabis Law Report

The New York cannabis market size is expected to reach USD 7.07 billion by 2025, according to a new report by Grand View Research, Inc., Cannabis sales are increasing due to its medical benefits, especially in the treatment of ailments such as chronic pain, mental disorders, and cancer. Grandview research writes.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Global Industrial Hemp Market Size to Grow Value of USD 9.64 Billion By 2025: Zion Market Research

Cannabis Law Report

Zion Market Research has published a new report titled “Industrial Hemp Market by Product (Seeds, Fiber, and Shivs) and by Application (Animal Care, Textiles, Automotive, Furniture, Food & Beverages, Paper, Construction Materials, Personal Care, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”.

Hemp 40
article thumbnail

$ 1.20 bn growth in Cannabis Testing Market in Life Sciences Tools & Services | Technavio Partnering with over 100 Fortune 500 Companies

Cannabis Law Report

The cannabis testing market in the Life Sciences Tools & Services industry is poised to grow by $ 1.20 bn during 2021-2025. Technavio’s latest market research report estimates that the cannabis testing market will be progressing at a CAGR of about 13%. Cannabis Testing Market 2021-2025: Segmentation.

article thumbnail

Corruption in the Legal Cannabis Industry: Temptation Facilitated by Greed and Cannabis Cultivation

Veriheal

In May 2021, he was found guilty of extorting cannabis companies and swindling investors via an app called SnoOwl, which some might say was essentially a copy of other more popular apps. This is just one example of government corruption with respect to the legal cannabis industry. million pounds of cannabis.

article thumbnail

Cannabis Meets Lollapalooza, First Festival Since Illinois’ Legalization

Cannabis Law Report

Not only is this the festival’s first post-COVID comeback, after being canceled last year, but also the decades-old event’s first run since Illinois’ adult cannabis market took off in 2020. . Chicago cannabis sales expected to increase as Lollapalooza kicks off tomorrow . Lollapalooza happens every year in Chicago, at Grant Park.

article thumbnail

New York Lays Out the Laws on Cannabis Marketing

Veriheal

New York’s Cannabis Control Board has decided on some things regarding the legal cannabis industry in the state. Now that both medical and recreational cannabis is legal in New York, there are some things that residents and visitors should know. Legal Cannabis Will Bring in Billions of dollars and Thousands of Jobs.

Law 104