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The Illinois Department of Public Health (IDPH) today released its March 2025 medical cannabis sales totals. in concentrates/infused products. in concentrates/infused products. Monthly Totals for 2025: January: $21,459,882.77 Retail sales of medical cannabis for March reached $22,108,115.88 February: $19,748,199.87
The Illinois Department of Public Health (IDPH) today released its February 2025 medical cannabis sales totals. This followed January 2025 totals of $21,459,882.77, which was the lowest total since July 2019. February 2025 medical cannabis sales included $9,625,137.04 in concentrates/infused products. March: $25,917,010.11
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. Prices of recreational weed are often a result of how long the state market has been around and how many cultivators it has operating.
The Illinois Department of Public Health (IDPH) released its January 2025 medical cannabis sales totals. in concentrates/infused products. Total wholesale sales by cultivation centers in 2025 hit $26,600,185.42, and total wholesale sales since November 2015 by cultivation centers finished at $4,059,953,762.14.
Craft grow changes include the repeal of provisions establishing cultivator taxes and craft grower taxes and a shared premises pilot program. The provision for the shared premises pilot program states, “The Department of Agriculture shall create a pilot program that shall allow craft growers to share premises with cultivation center.
One key provision addresses the definition of “THC” and the total concentration level limits of 0.3% Stakeholders in the hemp industry are concerned that SB392’s broad language has been written so poorly that it could ban all hemp products, including CBD.
billion and projected to be worth $41 billion by 2025. With added growth to the industry, goodblend’s new facility will ultimately create several hundred jobs in a wide range of roles including cultivation, manufacturing, analytical chemistry, formulation science, marketing, customer support, and retail.
The bill legalizes the production and sale of marijuana flower concentrates, topical and edible products, immature cannabis plants and seeds, and hemp-derived THC products. Here’s a breakdown: Cannabis cultivators: The license holder may grow enough cannabis plants to fill up to 30,000 square feet.
According to a recent study by Cowen , the sales of these products are expected to reach $16 billion by 2025. Under these Regulations, a license must be issued in order to lawfully cultivate the crop. In addition, the sale of CBD flowers and buds is strictly prohibited in the country even if the THC concentration is below 0.2%
The company’s innovative technology enables the provision of an exact amount of active ingredients through oral ingestion, using a high concentration of cannabinoids or medical cannabis extract in a homogeneous, uniform and stable formulation which can be administered in the form of oral capsules, syrups or buccal sprays.
Sunday, January 26, 2025: Judging deadline February 4, 2025: Winners will be announced live at an in-person Oscars-style event, co-produced with MITA (venue TBA). Here’s how it works: Submission: Licensed cultivators and processors submit their top products. Concentrates: Solvent and Non-Solvent. What is Best in Grass?
Thanks to the work of enthusiasts and professionals, today CBD extraction is carried out with maximum efficiency, while the extraction methods are safe for the environment, and the finished product contains the most purified cannabidiol concentrate. By 2025, the capitalization of the industry is expected to grow to $ 200 billion.
New Cultivation Licenses Limited To SEIAs through January 1, 2025. Namely, this new section of the Ordinance aims to bolster the Social Equity Program by limiting all future cultivation licenses in the City to Social Equity Individual Applicants (“SEIA”). Key Takeaways –. Sensitive Use Determinations & Compliant Premises.
Similar decriminalization initiatives are being considered in states across the country and even at the Federal level – and is expected nationwide by 2025. Hemp typically contains a higher concentration of the cannabinoid CBD, and a very low concentration of the psychoactive cannabinoid THC. CONTINUE READING.
The state’s medical marijuana program did not have dispensaries, meaning there were no cannabis businesses that could transition to adult-use cultivators and retailers. The legislature and governor had legalized personal possession and cultivation only in 2018. Phil Scott (R) allowed S. 54 to go into law without his signature.
SB 1326 adds Chapter 25 to the Business and Professions Code and allows for interstate cannabis commerce from California to and from other states that recognize the legality of cannabis cultivation, production, distribution and/or possession. AB 1894 – Integrated Cannabis Vaporizer: Packaging, Labeling, Advertisement, & Marketing.
For example, under the draft rules, manufacturers can only cultivate one mushroom species: Psilocybe cubensis. Measure 109 called on the state to only license people who have been Oregon residents for at least two years, until 2025. Experts say there are up to 200 different types of mushrooms that contain psilocybin.
Total retail sales in Missouri are expected to grow to USD$650 million by 2025 per New Frontier Data. Merida believes that concentrates and other derivative products will perform well in the regional markets where 3Fifteen operates – St. Merida is happy to support Heritage’s U.S. Louis, Columbia, and Branson West.
The state’s medical cannabis program did not have dispensaries, meaning there were no cannabis businesses that could transition to adult-use cultivators and retailers. The legislature and governor had legalized personal possession and cultivation only in 2018. Phil Scott (R) allowed S. 54 to go into law without his signature.
The current status of licensing is that Phase Three, Round 2 has yet to commence, but the City is accepting applications for “public convenience or necessity” (PCNs) for those Community Plan Areas that already met Undue Concentration limits. Undue Concentration. License Limits. acres City-wide.
d) Beginning January 1, 2025, all active hemp processing registrations that process or manufacture products derived from hemp intended for human or animal consumption shall be regulated under the Hemp Consumer Products Act. The Hemp Consumer Products Act was referred to Executive , where the amendment was recommended for adoption.
billion from 2020 to 2025 at a CAGR of 21.74%. Some examples of plant-touching businesses include: Cultivation and breeding: Cultivators and breeders are essential parts of the industry. As a result, the cannabis industry is growing at breakneck speed, especially when it comes to refined cannabis products.
billion in 2025. Because plant growing was covered by these regulations, hemp could also be cultivated. legalized hemp, which left Mexico, the country in the region with the greatest potential to become a hemp industrial powerhouse due to climate and geography, as the only USMCA member State still criminalizing hemp cultivation.
We are investing in new form factors based on consumer needs, including new innovations within the vape, concentrate or oral, ready-to-drink beverage and topical categories.”. Smaller firms did just as well. increase year-over-year.
We are investing in new form factors based on consumer needs, including new innovations within the vape, concentrate or oral, ready-to-drink beverage and topical categories.”. Smaller firms did just as well. increase year-over-year.
We are investing in new form factors based on consumer needs, including new innovations within the vape, concentrate or oral, ready-to-drink beverage and topical categories.”. Smaller firms did just as well. increase year-over-year.
As more countries legalize or decriminalize the cultivation, manufacture, sale, and use of cannabis, companies across a variety of industries are looking for opportunities to capitalize on this emerging market. CBD candles and outdoor grow lights for home cultivation) are expected to embrace cannabis to various degrees.
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