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Verified Patient Enrollment Figures: November 2018 (just before adult-use sales began): 57,872 active medical marijuana patients December 2020 (enrollment peak): 99,108 patients January 25, 2025: 82,820 patients This represents a 43.1% Approximately 94 medical dispensaries remain statewide, compared to over 350 recreational.
The Illinois Department of Public Health (IDPH) today released its March 2025 medical cannabis sales totals. Licensed medical cannabis dispensaries served 56,847 unique patients, who purchased 1,298,645 grams of dry cannabis. Total retail sales since November 2015 by licensed medical cannabis dispensaries reached $2,311,940,075.94.
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) 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 Monthly Totals for 2025: January: $21,459,882.77
The Illinois Department of Public Health (IDPH) today released its April 2025 medical cannabis sales totals. Total 2019 retail sales by licensed medical cannabis dispensaries reached $44,498,739.06. Total wholesale sales since November 2015 by cultivation centers hit $169,937,959.91. March: $22,108,115.88 April: $21,761,560.56
Right now in 2025, if you’re a registered patient, you can buy up to 2.5 Home Cultivation on the Horizon: Senate Bill 546 proposes allowing registered medical marijuana patients in Florida to cultivate cannabis at home. ounces of smokable cannabis every 35 days, and you’re allowed to keep up to 4 ounces at home.
This policy ensured significant penalties and incarceration for possession, cultivation, and trafficking for anyone found guilty in the U.S. As we approach 2025, several factors are at playprimarily the federal government and the President , who will continue to create uncertainty on a wide variety of issues, not just cannabis.
The Illinois Department of Public Health (IDPH) released its January 2025 medical cannabis sales totals. Licensed medical cannabis dispensaries served 56,127 patients, who purchased 1,226,589 grams of dry cannabis. Total retail sales since November 2015 by licensed medical cannabis dispensaries reached $2,270,083,902.18.
One amendment untethered patients to one medical dispensary at a time by removing restrictions on where medical cardholders can purchase medicine without having to switch online dispensary status. Legislators and stakeholders are looking to pass the bills during the lame-duck session in January 2025.
(NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”) is pleased to announce that it has closed its previously announced private placement (the “Offering”) issuing US$74,500,000 aggregate principal amount of 6.00% secured convertible notes due 2025 (the “Notes”).
SB1723 deletes the provision that states any person or entity awarded a craft grower license under specified provisions “shall only hold one craft grower license” and removes language providing that a craft grower shall not be located within 1,500 feet of another craft grower but leaves in the restriction for “a cultivation center.”
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. Quick Details: November 23, 2024: Kits go on sale!
The future of cannabis seems to be drifting to mega-companies and corporations that cultivate greenery for the masses. Global Newswire published an article that predicts the legal US cannabis market to reach an estimated $35 billion approaching 2025. Cannabis Cultivation is a Craft and Prices Reflect That.
The first amendment adds that a “craft grower may contain up to 14,000 square feet (instead of 5,000) of canopy space on its premises for plants in the flowering state, which must be cultivated in all stages of growth in an enclosed and secure area.”
We take pride in our in-house cultivation, global varieties, and a full lineup of strain-specific products.” Thanks to the new law, Thai residents can legally cultivate the plant for personal consumption. . billion) by 2025—Berner decided to introduce his brand to the Southeast Asian country’s market.
This decision by the state’s Cannabis Control Board was made to help cannabis cultivators earn a return on their investment. This was shortly after the pandemic when it was discovered that despite the lockdown, cannabis growers and dispensaries still found ways to get their products across to their customers. billion by 2025.
Here’s a breakdown: Cannabis cultivators: The license holder may grow enough cannabis plants to fill up to 30,000 square feet. Cultivators may also harvest, package, and label cannabis flower for sale to other businesses, such as a manufacturer or retailer. Legal retail sales do not begin until early 2025.
4Front intends to operate the property upon completion of construction as a licensed cannabis cultivation and processing facility. New Frontier projects Illinois to be in the top three states for regulated cannabis sales by 2025, and we believe 4Front will be well-positioned to meet that continued demand growth.”.
Though the dispensary boom is all over, it will likely flock to touristic towns like Great Barrington, MA, known as a skiing town, which now has five cannabis dispensaries in a town of 7,000. Cannabis real estate isn’t just dispensary retail, but where the product is grown, harvested, stored, sold, and consumed, all within state lines.
There are a few reasons attributed to these losses, ranging from an oversupply of marijuana products to less cannabis tourism and a decline in the novelty of purchasing marijuana in dispensaries. We expect losses in these markets to continue to thin out in 2024 and turn positive once again in 2025,” they stated.
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.
If passed in the upcoming legislative session, Germany would join Canada , Uruguay, South Africa, Georgia and Luxembourg as the nations that allow cultivation, possession and use of recreational cannabis. It’s unclear whether it will also include cultivation and production of marijuana. billion euros by 2025, about $3.7
In legal states, fans of marijuana have turned to cultivate their own green plant for their personal use. It’s not about marijuana cultivation but about gaining a license for marijuana cultivation. Each state has its own rules and regulations concerning marijuana cultivation licenses. Have a Good Cash Flow and Capital.
At the time, the state had an unregulated, arguably illegal medical marijuana dispensary system, which was separate from the regulated adult-use program. In addition, the legislature allowed medical cannabis dispensaries to sell a limited amount of marijuana (five grams) to adults from October 2015 until December 31, 2016.
Cresco officials expect that earnings will be $76 million in 2024, $116 million in 2025, and $156 million in 2026. In the application, Cresco describes Valley Agriceuticals as its growing subsidiary that “operates four medical cannabis dispensaries across the state of New York in addition to a manufacturing facility.”.
billion for cannabis retailers, cultivators, processors, and distributors. The highly scalable platform will fulfill the business needs and regulatory obligations of any licensed cannabis business — dispensary or wholesale — everywhere cannabis is legal in the United States. SOUTH SAN FRANCISCO, Calif. , Jan. states and four U.S.
Concurrent with the closing of the land purchase, IIP amended its existing lease at the adjacent property to incorporate this new project, and Goodness Growth intends to operate the consolidated property as a licensed cannabis cultivation and processing facility upon completion of development. About Innovative Industrial Properties.
Missouri’s first legal medical sale took place in October 2020, and, per the Missouri Department of Health and Senior Services, there are already 140 approved dispensaries responsible for over USD$65 million of retail sales in the first half of 2021, and USD$21 million of sales in the month of July. market in Missouri.
At the time, the state had an unregulated, arguably illegal, medical cannabis dispensary system, which was separate from the regulated adult-use program. In addition, the legislature allowed medical cannabis dispensaries to sell a limited amount of cannabis (five grams) to adults from October 2015 until December 31, 2016.
Management believes that StateHouse, which is expected to trade under a new symbol (CSE: STHZ), will be the largest and most developed cannabis platform in the state of California with superior retail, brands, processing, manufacturing, distribution and cultivation. billion by 2025[3].
So long as an existing provisional licensee can demonstrate that it is “actively and diligently” pursuing an annual license, such licensees may continue to operate and will be eligible for renewal every 12 months until January 1, 2025. cultivation, manufacturing, distribution, retail, etc.). ENDNOTES. [1] for list of exceptions. [2]
iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States. About iAnthus. For more information, visit www.iAnthus.com. COVID-19 Risk Factor.
Its a regular session in 2025, meaning were in for a longer stretch — a 160-day calendar, versus the 35-day affair we see in even-numbered years. If you read any of the news articles previewing the 2025 session, you wont see cannabis as a legislative priority. Most likely, you wont see it mentioned at all.
The regulations provide inventory accounting rules for resellers (Dispensaries) at section 1.471-9 and for producers under the “full absorption method” at section 1.471-11.[8] 11] The courts have also held that the paraphernalia and T-shirt component of a dispensary isnot a separate business and it is also subject to section 280E.
billion from 2020 to 2025 at a CAGR of 21.74%. Plant-Touching Businesses As the name implies, plant-touching cannabis businesses deal directly with the cannabis plant from seed to dispensary shelf. Dispensaries: Dispensaries are the distribution hubs of the cannabis industry.
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. Hemp flower shall not be sold to dispensaries.” Hemp flower shall not be sold to dispensaries.”
This unique status allowed the Red Lake Nation to open Minnesota’s first recreational cannabis dispensary, NativeCare , marking a historic moment for Indigenous participation in Minnesota’s cannabis industry. Acknowledging the role of Indigenous peoples Joe Nayquonabe, Jr.,
Phase One was for existing medical marijuana dispensaries. The definition of “undue concentration” would be tweaked slightly to adhere to the American Community Survey updated annually (rather than the decennial census) and, for cultivators, the maximum cultivation ratio by City zone would be removed. License Limits.
With dispensary licenses granted and doctors now authorized to issue medical marijuana certifications, Kentuckys medical cannabis program is officially underway. However, only about fifty of those dispensary licenses were selected statewide. Kentucky was also only issuing a limited number of licenses to other cannabis businesses, too.
Cannabis Business Times and Cannabis Dispensary spoke to several executives at prominent U.S. multi-state operator (MSO) with more than 100 dispensaries across 23 states, reported a scorching 166% year-over-year increase in revenue for Q2. Growth Persists Despite Legal Uncertainty. Curaleaf, a leading U.S.
Cannabis Business Times and Cannabis Dispensary spoke to several executives at prominent U.S. multi-state operator (MSO) with more than 100 dispensaries across 23 states, reported a scorching 166% year-over-year increase in revenue for Q2. Growth Persists Despite Legal Uncertainty. Curaleaf, a leading U.S.
Cannabis Business Times and Cannabis Dispensary spoke to several executives at prominent U.S. multi-state operator (MSO) with more than 100 dispensaries across 23 states, reported a scorching 166% year-over-year increase in revenue for Q2. Growth Persists Despite Legal Uncertainty. Curaleaf, a leading U.S.
This month, cannabis operators closed their doors on more than ten dispensary locations in Michigan and Colorado. Meanwhile, wholesale prices continue to plummet in many of these mature markets, causing additional pressure on cultivators and manufacturers faced with margin compression. billion by 2025. billion to $40.9
In addition to convincing marijuana dispensaries to widely carry CBD, they wanted to educate the public about its promising benefits. Mr. Laughter and Lawrence Ringo, an old-school hippie grower, were some of the first Americans to intentionally cultivate plants higher in CBD than in THC — the compound that does get you high.
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