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The Changing Landscape of Me dical Marijuana in Massachusetts: What Patients Should Know The Massachusetts medical marijuana program has been a cornerstone of cannabis access since its inception in 2012. Unlike other states, Massachusetts has seen its medical program expand even after legalizing recreational cannabis.
In April 2023, Delaware became the 22nd state to legalize recreational cannabis with the passing of HB 1 and HB 2. ” Licenses for recreational dispensaries will begin going out in September of this year, so businesses should be opening in 2025.
states with Adult-Use and recreational cannabis markets generate huge amounts of tax revenue from recreational sales. According to a survey conducted by YouGov , almost 7 out of 10 cannabis consumers plan on spending the same amount, if not more, going forward in 2025. This windfall shows no signs of slowing down either.
The legalization of weed for adults 21 and over has opened the floodgates, prompting 24 states to establish their own recreational, adult-use laws. ” SAM is a prominent opponent of legalization by individual states, as well as federal efforts to legalize and provide access.
The Office of the Illinois State Treasurer (Treasurer) this week issued a Request for Proposals (RFP) for banking services for cash processing of medical and recreational cannabis tax payments. June 4, 2025. May 19, 2025. Financial institutions that respond to this RFP shall submit their responses before 1 p.m.
There has been a sequence of closures of cannabis businesses over the past year, which potentially means less access to cannabis as well as changes to the cannabis industry. According to the Washington DC police department website , cannabis is legal for both medicinal use and recreational use within certain boundaries. Wondering why?
OTC PINK:NTRR) has announced it is acquired Deity Wellness, a company focused on the recreational use of hemp-based products. Delta-8 THC and recreational hemp-based CBD should open a strong new source of sales and revenues as we can now serve those wanting medicinal relief and those seeking pleasure.’ About Neutra Corp.
The state has introduced a new program to compensate Maine cities and towns for costs they incur when opting to permit recreational, adult-use cannabis businesses. To access the portal, click here. Legal sales of adult-use cannabis in Maine could grow to $300 million by 2025, according to one industry consultant.
Mississippi is on the verge of seeing legal access to medical cannabis. Should citizen petition Initiative 65 pass, qualifying patients with one of 22 qualifying conditions would have legal access to cannabis. Arizona Has its Sights on Recreational Cannabis. New Jersey May Soon Go Recreational . One is Issue I-190.
Colorado, along with the state of Washington that same year, was the first state to legalize recreational marijuana in 2012. However, the city of Colorado Springs has opted out of the sale of recreational marijuana despite how cannabis-progressive the rest of the state around them has been for years.
Prospective investors are invited to access the offering, which has raised over $2.2 Of these legal states 19 have provisions for recreational use and 20 allow a limited number of cannabis plants to be grown for personal use. Together, these trends are driving 20% annual industry growth with a $38 billion target by 2025.
These compounds found in cannabis plants have been making waves in wellness, medicine, and even recreation. Now, when it comes to medical vs. recreational use , there’s a clear divide. But in states where recreational cannabis is legal, you can buy THC products without a medical prescription.
billion by 2025 1. Curaleaf International’s cannabis flower products and extracted cannabis-based products now supply five separate markets, including Germany, Europe’s largest market for medicinal cannabis which is expected to be worth over €840 million by 2025 1. billion by 2025 1. billion by 2025 1. billion by 2025 1.
And, these involved making marijuana consumption for recreational purposes. Studies show that in 2019, Colorado collected more than $302 million as fees and taxes on recreational and medical marijuana. million as aggregate federal tax revenue by 2025. By doing this would enhance liquidity and open access to more investors.
Israel also announced plans to legalize recreational cannabis in late 2020, which will further drive demand for high-quality cannabis products. 230 million by 2025. “We From this campus, Flowr produces recreational and medicinal products. Brightfield estimates the market will generate over U.S.$130 d/b/a “ JWC ”).
Conservative lawmakers” fear the bill is an endorsement for recreational marijuana use. Last October, the Partido National Restoration obtained the ten signatures of legislators that were required consultation from the Constitutional Court, thus preventing the bill from moving to in its second debate process.
Medicann is a premier cannabis-specialized clinic, providing patients with access to local specialist doctors and pharmacists that have experience prescribing cannabis-based medication. billion) by 2025. has emerged as the largest supplier of medicinal cannabis in the world. to reach 3.2 billion euros ($3.75
Just look at Pennsylvania, a medical-only cannabis state (it isn’t legal for non-medical, recreational adult-use). Experts predict that your common shops like 7/11 and the likes will carry some sort of medical or recreational cannabis products,” Gottlieb said. Cannabis businesses will likely move to, or expand in, the east coast.
The company will use the funding to expand its medical cannabis product portfolio and build out its recreational platform ahead of legalization in Germany. We firmly believe this team will play a central role in the expected legalization in Germany and have a decisive impact on the European market, projected to reach $3.6B by 2025.”.
billion by 2025 1. Curaleaf International’s cannabis flower products and extracted cannabis-based products now supply five separate markets, including Germany, Europe’s largest market for medicinal cannabis which is expected to be worth over €840 million by 2025 1. billion by 2025 1. billion by 2025 1. billion by 2025 1.
Of course, new regulations could change things again and again in the coming years, but the data shows the future looks bright for cannabis sales, business growth, patient access, and job growth. In 2020, the same ratio in sales happened with 54.20% of sales going to recreational consumers. Cannabis Sales Growth. billion with $45.9
Self-described ‘British cannabis champion’ Equinox, which is the UK’s first ‘land-to-brand’, vertically integrated medical cannabis company, will offer retail investors the chance to access the IPO via site PrimaryBid. The IPO would also give the firm ‘enhanced profile and visibility in the UK and across international cannabis markets’.
Virgin Islands have adopted laws allowing legal access to cannabis, and 15 states and the District of Columbia have adopted laws legalizing cannabis for adult recreational use. billion by 2025. At last count, 37 states, the District of Columbia, Puerto Rico, Guam, and the U.S.
For all the positive change with consumers and revenue-starved state officials, serious obstacles remain – lack of banking access, federal prohibition and medical-establishment skepticism, among others. billion in annual medical and recreational cannabis sales by 2024. Help at the state and federal levels. 1, 2024, start.
As a first in UK media, the investment would give Cannaray’s flagship wellness CBD brand access to a “high-reach upmarket TV audience” in the UK. Moreover, if the UK were to legalise cannabis – with recreational sales starting in 2024 – this would bring the market’s size to more than £1 billion in the UK alone.
In fact, due to its accessibility, the U.S. cannabis industry is projected to reach $30 billion in market value annually by 2025. Marijuana isn’t just suitable for recreational use. Did you know that following the legalization of marijuana in most states, you can now buy or grow cannabis? Not one cannabis strain is the same.
billion by 2025, according to reports. Like other medicinal and recreational substances, cannabis is risky to be around children, which means you’ll have to guarantee that your packaging has child-resistant packaging. Millions of cannabis products will make their way into homes and lead to exposure and access by children.
Thirty-nine states allow the use of medical marijuana, while 18 states and the District of Columbia permit both medical and recreational marijuana. 1 Despite what would appear to be increasingly lawful access to cannabis, it is still classified by U.S. One source estimates that global cannabis sales will reach $33.6
billion by 2025. 1 In the United States today, 33 states currently allow for legal cannabis sales and consumption (including 11 recreational states and Washington D.C.). Yet, we still believe the public markets will bring greater exposure and access to capital, as well as liquidity for our current shareholders. .
Vaporizers have already hit a high of a $2 billion in global market shares, a figure projected to further swell to $53 billion by 2025. Whether you want to quit smoking cigarettes, or smoke weed for recreational purposes dry herb vaporizer pens are the better choice. What’s a Vaporizer?
These include our purchase of a controlling interest in Bevo Farms, one of the largest suppliers of propagated vegetables and ornamental plants in North America , and Thrive Cannabis, which is widely known for its award-winning recreational brand, Greybeard,” stated Miguel Martin , Chief Executive Officer of Aurora.
billion by 2025[3]. This strong retail platform will feature a unified retail banner, leading in-store customer service, ease of accessibility and delivery, and a diversified product offering. . “The combination of high-quality assets, increased scale and experienced leadership will drive tremendous value for shareholders.
There will also be measures put in place to control therapeutic access to psilocybin while awaiting federal reform. If approved by the Food and Drug Administration (FDA), this psychedelic would be used to treat chronic and life-threatening mental disorders, especially for patients with limited access to effective treatments.
While Texas still prohibits recreational marijuana, it operates a medical marijuana program that has gradually expanded. THC, and effectively restricts access to THC products exclusively to the states Low THC medical program. billion in 2025. billion in 2025, up from $1.6 Unfortunately, SB 3 is one of Lt.
Kentucky residents have been waiting patiently to have access to medical marijuana. As of January 1, 2025, the long-awaited official launch of Kentuckys medical cannabis program occurred. Once approved, access to cannabis at licensed dispensaries is granted. Then, they can apply for a medical marijuana card in Kentucky.
Virginia Democrats have been hard at work crafting bills to finally push through adult-use (recreational) sales in the state, where possession of cannabis and growing plants are legal, but citizens have no way to purchase marijuana products without a medical card. On the bill, Del.
Colorado has legalized both recreational and medical use of cannabis. Arizona, where medical cannabis is legal and many believe recreational use will be allowed in the near future, has been an active market for M&A activity. billion in 2025, according to Grandview Research. how the segments are defined (e.g.,
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