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New Frontier Data Study Foresees U.S. Cannabis Consumer Demographic Surging to 71 Million by 2030

Veriheal

legal cannabis sales are on track to surpass $57 billion by 2030 at a CAGR of 14%. cannabis consumers could climb from the 47 million recorded in 2020 to 71 million by the year 2030 based on ever-growing self-reported usage rates. million people expected to register under state-legal patient programs by the year 2030.

Data 105
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Cannabis taxes may generate $12 billion for U.S. states by 2030, according to Barclays strategists

Cannabis Law Report

last year and that could grow to $10 billion to $12 billion for states by 2030, exceeding tax revenue from alcohol, according to municipal-bond strategists at Barclays Plc. And when the federal money’s gone, municipalities will need to find new revenue to pay for ongoing programs they funded with one-time aid.

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Taos News: Picuris and Pojoaque pueblos will administer independent cannabis tax programs

Cannabis Law Report

An agreement signed last month between the New Mexico Taxation and Revenue Department and Picuris Pueblo formally recognized the tribe’s authority to administer its own tax program in relation to cannabis. The state also signed a tax agreement with Pojoaque Pueblo.

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Americans Will Cultivate Over 4 Billion Grams Of Homegrown Cannabis in 2022

Veriheal

Despite the federal illegality of cannabis, lawmakers and state representatives have implemented successful medical and recreational cannabis programs across the nation. As of July 2022, 38 states in America have legalized medical cannabis, and 19 states and the District of Columbia have established recreational cannabis programs.

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Switzerland Just Got One Step Closer to Federally Legalizing Weed

SpeedWeed

Last year, Switzerland launched a new five-year pilot program that legalized cannabis sales and use for a limited number of adults. Five thousand Swiss citizens aged 18 or older enrolled in this program, which will allow them to buy and use locally-cultivated pot.

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Medxtractor Doubles Down on B2B Licensing & mHealth

Cannabis Law Report

The company anticipates launching both programs this year. GM Insights projects that the market for mHealth products will grow at a 30% compound annual growth rate from $56 billion in 2020 to more than $805 billion by 2030. Data Bridge Market Research believes that psychedelics will grow at a 13.3% compound annual growth rate from $2.8

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Can Seaweed Reduce the Scourge of Plastic Waste? Packaging Leader DS Smith Looking to Use Seaweed as Alternative Fiber Source

Cannabis Law Report

Seaweed project part of company’s $140M circular economy research, development program. The seaweed project is part of DS Smith’s more than $140 million, five-year circular economy research and development program announced earlier this year. ATLANTA–(BUSINESS WIRE)–From a pile of seaweed to a cardboard box.