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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. cannabis market by 2025, states the report.

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Canada: Ottawa has lost control of veterans’ medical cannabis program, audit finds

Cannabis Law Report

And that number is expected to grow to $200 million this year and $300 million by 2025-26. Collection of data and trends to inform policy. The result: Veterans Affairs spent more than $150 million on medical marijuana last year — more than on all other prescription drugs combined. Read full report. Executive Summary.

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Illinois Senate creates cannabis omnibus

Illinois News Joint

BLS Region” means a region in Illinois used by the United States Bureau of Labor Statistics to gather and categorize certain employment and wage data. Illinois has 17 such regions.

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Americans on pace to spend twice as much on weed as on milk

SpeedWeed

Americans spent more than $12 billion on legal cannabis products in the first six months of 2021, according to data analyzed by Leafly and Whitney Economics. Leafly and Whitney Economics project sales of $25 billion in 2021, based on first-half data. billion, and increased its 2025 forecast to $44.9 billion on milk last year.

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Hemp Crop Destruction and Legalization Analyzed in Recent Report

SpeedWeed

A new report from New Frontier Data delves into the average number of plants that are considered to be “hot” and what the industry could look like in the near future. New Frontier Data released new data on August 5 regarding crops and how many plants have gone “hot,” or exceeded the required limit of less than 0.3 Shutterstock.

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RYAH Group Ships Devices for Use in Pilot Program with Medicann in Jersey, Channel Islands

Cannabis Law Report

billion) by 2025. RYAH is pleased to contribute RYAH’s IoT devices and data platform and work with Medicann toward perfecting prescribing practices and dosing regimens,” said Gregory Wagner , CEO of RYAH Group, Inc. The European cannabis market is forecast to grow with a compound annual growth rate (CAGR) of 67.4% to reach 3.2

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Marijuana Policy Project (MPP) Reports Says States Have Collected $US10 Billion In Cannabis Taxes So Far

Cannabis Law Report

Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue stream to bolster budgets and fund important services and programs. 7 Monthly excise tax data: [link] (for data prior to 2017); Monthly sales tax data and excise tax estimates based on sales volume provided here: [link].