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Motley Fool Article: 5 Countries With the Highest Cannabis Spending by 2024

Cannabis Law Report

billion in cannabis spending by 2024. projects as the leading marijuana market in the world by sales in 2024. billion derived from recreational marijuana, up from $5.9 billion derived from recreational marijuana, up from $5.9 marijuana spending by 2024. billion by 2024. billion by 2024. MF report.

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Europe’s Cannabis-Friendly Hotspots Could Trigger an Economic Shift 

Veriheal

The Seeds of Europe’s Adult-use Cannabis Market Are Sprouting Europe’s recreational cannabis market has overcome major regulatory hurdles in the last few years. The following year, the Czech Republic and German governments announced plans to develop a legal framework to establish a regulated market for recreational sales.

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Hollister Biosciences Inc. Reports First Quarter 2021 Financial Results

Cannabis Law Report

or “ Hollister “) a diversified cannabis branding company with products in over 280 dispensaries throughout California , and over 95 dispensaries throughout Arizona , today reported its financial and operating results for the first quarter of 2021. The state realized over $2.9M in recreational sales within 10 days of legalization.

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These 4 Newly Legal States Are Projected Earn an Annual $5 Billion

Veriheal

The growing number of states celebrating a victory for recreational cannabis indicates how governors and lawmakers are steering legalization in the right direction; as opposed to states merely relying on citizens to vote for legal cannabis. . At some point next year, New York will kick-start its recreational cannabis market.

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New Jersey and New York Signal Movement on the Adult-Use Cannabis Front

Veriheal

It’s clear that the governors in both states have been feeding false promises to prospective consumers, all of whom are still enduring a tedious wait to legally purchase recreational bud. Kathy Hochul signed legislation establishing a conditional cultivation and processing recreational licensing structure. New Jersey Gov.

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Marijuana tax rates: a state-by-state guide

SpeedWeed

Additionally, dispensaries pay a 4% privilege tax when they purchase products from cultivators. . Adult use retail: New Jersey’s recreational program is expected to come online later this year. Medical marijuana: Dispensaries are required to pay a gross receipts tax, which varies across the state from 5.125% to 8.8125%.