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. “These regulations should include age restrictions, prohibitions on the unlicensed commercial production or retail sale of the plant and rational limits with regard to product marketing.” According to an August 2019 federal report , past-year marijuana use by those ages 12 to 17 has fallen consistently since 2002, from 15.8
The self-reported use of marijuana by teenagers continues to decline nationally, according to federal data reported by the United States Substance Abuse and Mental Health Services Administration (SAMHSA). The agency’s 2018 report finds that past-year marijuana use by those ages 12 to 17 has fallen consistently since 2002, from 15.8
According to research by real estate data company, Clever , property values rose by $17,113 more in states where recreational cannabis is legal, compared to states where it’s illegal or just legal at the medicinal level. Clever combined data from Zillow, the U.S. Education programs. Looking at tax revenue. General funds.
When you walk into a hardware store, pharmacy, or even a liquor store, if you don’t know exactly what product will meet your needs there’s someone educated enough to point you to the right product and the data to back up that recommendation, says Tyler Dautrich, COO of Releaf.
New data published in the Journal of Cannabis Research claims that almost one in two authorized medical cannabis patients in Canada managed to either completely stop or reduce their intake of controlled substances, such as alcohol and opioids , by using cannabis. As of 2020, the market was worth CAD $2.6 billion (USD $2 billion).
LAS VEGAS, NV (March 4, 2021) – Cannabis Conference (August 24-26, 2021, at the Paris Las Vegas Hotel & Casino) today announces its education program, which includes 45+ sessions within four education tracks that will provide actionable takeaways about the most pressing issues plant-touching businesses currently face in the cannabis industry.
CCB/DoT Release Annual Cannabis Taxable Sales Data. During Fiscal Year 21 (July 1, 2020 – June 30, 2021), licensed adult-use cannabis retail stores and medical dispensaries generated $1,003,467,655 in taxable sales. Taxable Sales Reported by Adult-Use Retail Stores and Medical Dispensaries. TAXABLE SALES. FISCAL YEAR 21.
On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7
HerbalGram, the acclaimed quarterly journal of the American Botanical Council, recently published its 2021 “Herb Market Report,” which included data on sales of CBD as an herbal ingredient in mainstream and natural retail channels in the United States. E-commerce sales of CBD in the U.S. Consumers spent roughly $31.3
The Company is focused on providing retail investors with exposure to a portfolio of diverse private companies in the psychedelics sector that they would otherwise be unable to participate in the growth of. Data Bridge Market Research estimates that the psychedelics industry will grow to $6.9 billion by 2027. -##-.
s Director of Franchise Operations, Jennifer Zarezadeh, and its Director of Education & Training, Fay Powell , in ensuring franchise partners are set up for success. She joins Unity Rd.’s Currently, Unity Rd. This eases new market product entry with a built-in distribution platform through the dispensary franchise.
Aligning with the leading market data industry trends in analytical financial services, DeFi, and Index Management allowed the firm to boost its revenue by 45% during 2021, continuing the trend of annual double-digit growth totaling over 560% since 2016. Moving into the DeFi world. About dxFeed.
The ordinance approved Tuesday night paves the way for cannabis processors, producers and retailers to begin operating in unincorporated parts of the county. But the buffer was amended on the same 3-2 vote to 500 feet to give retailers more options on locations and to not cluster them together. But the ban won’t go away immediately.
Under this plan, the first distributor in the chain of distributors would be responsible for remitting the cultivation tax, and retailers would be responsible for remitting the excise tax. The proposed changes to tax collection should be welcome news for distributors, but less welcome news for retailers.
Listen & Subscribe: Cannabis is becoming more mainstream and available to nearly one in three Americans, yet most cannabis consumers aren’t educated enough to buy the right products for their needs. There aren’t good education providers out there. Which from my standpoint, that’s not an education service.
The program will be offered for free to Québec physicians and is made possible by an unrestricted educational grant from Spectrum Therapeutics. “Patient referrals and training requests from our physician colleagues have increased by more than 500 per cent over the last year,” says Dr. . ABOUT SPECTRUM THERAPEUTICS.
million) | Current tax rate: 15% wholesale, 15% special retail. Colorado’s 15% wholesale excise tax and its 15% special retail tax do not apply to those sales. The special retail tax rate was 10% until the legislature and governor increased it in July 2017. million) | Tax rate: 37% at retail since July 2015; 6.5%
Indeed, the survey data show that recreational-cannabis consumers look pretty much like the average American. average for household income and educational attainment. With legalization, it seems that marijuana has entered into the mainstream. They are a close match to the U.S.
Building a successful cannabis and hemp brand in 2020 and beyond requires creating products and education that truly put the consumer’s wants and needs first,” said Laura Albers. That’s why Ben and I are launching Oasis Intelligence,” she continued. About Oasis Intelligence. Headquartered in Los Angeles, CA.,
(“WM Technology” or the “Company”) (Nasdaq: MAPS), a leading technology and software infrastructure provider to the cannabis industry, has released its first data and insights report, titled ‘Cannabis in America’. According to Weedmaps’ orders data, orders in H1 2021 increased by 55%, compared to H1 2020.
Radicle Science, a healthtech B-corp that validates natural products, launched the Radicle ACES (Advancing CBD Education and Science) study. The study will utilize Radicle Science’s data analytics platform and a virtual, direct-to-consumer model to deliver objective health outcome data across diverse populations and conditions.
A turnkey retail and educational in-store platform for emerging CBD sector. Provides major benefits to both small and mass market retailers and their customers. Co-developed with Sprout , the leading CRM provider to the cannabis industry, the platform is driven by proprietary data and technology. Norwood, MA, Aug.
In Canada, adults over the age of 19 can possess up to 30 grams of cannabis (the legal age is 21 in Quebec and 18 in Alberta), cultivate up to four plants for personal use, and buy cannabis products from a provincial or territorial retailer. The cannabis in question must be declared to the Canada Border Services Agency.
Prior to her time with GIE, Bennett was the K-12 education reporter for the Akron Beacon Journal. Kowalski never settles for status quo and digs deep into data to drive quality and efficiency within her operation. . . The post Fire & Flower Brings Proprietary Retail Tech to U.S. Salpy Boyajian. Neiden Tomaselli.
The Center Square) – Marijuana sales in Colorado continued a downward trend in February totaling $145 million, according to the state’s latest market data. The Marijuana Sales Reports summarize total sales made by medical and retail marijuana stores monthly by county. New Report Format in 2022! Tax revenue comes from a 2.9%
The bill would appropriate $2 million to a Cannabis Control Commission to launch administration of the law, with “priorities for the allocation of the remaining funds subject to appropriation,” starting with $100,000 annually to the Department of Safety for a drug monitoring initiative and data collection on health impacts.
Furthermore, Avicanna ’s commitment to education is demonstrated through its annual medical symposium, the Avicanna Academy educational platform, and the My Cannabis Clinic patient program through its subsidiary company. RHO Phyto is the first medical formulary of advanced “Cannabis 2.0” and Santa Marta Golden Hemp S.A.S.,
Understanding the buying patterns of marijuana consumers can help retailers and manufacturers improve merchandising and marketing efforts. Retailers can also use educational marketing and events to help inform shoppers – such as those buying only flower or pre-rolls – about the advantages of other products. Concentrates.
Observations from the Field: Discounting Product Between Processors an Retailers. Leaf Data Systems Update. WSLCB Enforcement officers will begin working with marijuana retailers to educate staff, check for violations, and take appropriate action to gain compliance. Pesticide Disclosures. Paying Your Excise Tax.
These classes include cultivators, manufacturers, retailers, distributors and delivery services. –> Scroll to see full table data. –> Scroll to see full table data. Microbusiness Retailer. The Rules specify different classes of licenses for each stage of the supply chain. License Application Type.
Taxes from adult use cannabis sales, including wholesale taxes and retail taxes at dispensaries, get collected into the Cannabis Regulation Fund, which are then distributed by statute and spent by the fiscal year budget. First, the money flows to administrative expenses by the State agencies implementing cannabis.
We believe that the alignment of both companies to offer the highest standards for cannabinoid-based medicine and education will yield fruitful and long-term commercial success,” stated Aras Azadian, CEO of Avicanna. About Heritage Cannabis Holdings Corp. operating under two licensed manufacturing facilities in Canada.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
The latest edition of MJBizDaily’s Annual Marijuana Business Factbook provides data that tells cannabis businesses exactly what investors want and don’t want. The top two mistakes investors see are an incomplete or inadequate business plan and limited relevant education and experience of the management team. View original article.
Enlighten was founded in 2018 when co-founders Jeremy Jacobs and Colby McKenzie identified the lack of resources available to consumers who wanted to become educated on the industry, as well as the lack of opportunities for cannabis brands to advertise. “We
This data set integrates with Farm Journal’s Farm Reach database to provide agribusinesses, government agencies, investors and suppliers with unparalleled insights into this exciting growth market. Over the past 50 years, Farm Journal has become the trusted partner in agricultural data and today manages more than 4.1
Jobs in cultivation, extraction, retail and ancillary businesses have salaries that range from $22,000 to $300,000. Being able to tell our story and educate people about how and why to use Twitter was our top job. At NorCal, educating people about cannabis and building consumer trust is the most important pillar of our growth as well.
“One of our core goals for 2022 is to expand the number of licensed producers that use our scientific consumer experience data to help them drive stronger product revenues, and Jay brings unparalleled experience in building those kinds of relationships.”. About Zentrela.
The CBD Insider’s 2021 US CBD Consumer Report provides some data around the CBD industry and what consumers want from CBD brands that can help savvy businesses stand out in the marketplace. Based on the data from the study, the breakdown of why U.S. As the data shows, a large percentage of U.S. Gastrointestinal distress : 11.5%.
About Shoppers Drug Mart: Shoppers Drug Mart is one of the most recognized and trusted names in Canadian retailing. The company is the licensor of full-service retail drug stores operating under the name Shoppers Drug Mart (Pharmaprix in Québec). a provider of pharmaceutical products and services to long-term care facilities.
New parks, healthier children, broader educational opportunities, forest clean ups, drugged drivers removed from the roads, and criminal records cleared are just some of the areas already seeing big improvements thanks to Prop 64 tax revenue contributions. A 15% state retail sales excise tax. A 15% state retail sales excise tax.
Researchers Reach a Moral Conundrum According to Vikiana Clement, the former executive director of the Cannabis Education Task Force at Brooklyn’s Medgar Evers College and the researcher, purchasing cannabis from the illicit market may be the “true moral choice” depending on circumstances. This is a data analysis.”
Meanwhile, consumers are left with a marketplace offering questionably safe, unaffordable cannabis and cannabis products from an extremely limited number of licensed retailers. What is the best way for local governments to receive education and training on effective cannabis policy?
Applications are still concentrated on Classes 5 and 34, but there has been significant growth in Class 35 (retail services) and Class 3, which covers essential oils (see Table 2). Retail services. Retail services. Table 2: Nice Classes of cannabis-related trademarks. Smokers’ articles. Medical services. Edible oils.
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