Cannabis Business

According to Insider, the Scottish National Investment Bank is investing an additional £2 million ($2.4 million) in IndiNature Mill, which makes IndiTherm, a hemp-based insulation, following an initial £3 million ($3.6 million) investment in 2021. The 2021 investment freed up an additional £800,000 ($971,248) in grant money from Zero Waste Scotland’s Circular Economy Investment Fund […]

According to a report by Marijuana Moment, recreational marijuana sales began in Connecticut, the latest state in the region. The state’s Department of Consumer Protection (DCP) told medical marijuana dispensaries with hybrid licenses that they could sell to adults. Last month, DCP’s Social Equity Council granted hybrid licenses to all medical cannabis producers for both

Tax revenue from the sale of marijuana for adult use in Massachusetts keeps filling the state coffers. According to the Massachusetts Cannabis Control Commission, the state’s legal marijuana market brought in $1.42 billion in revenue for the year as of December 18. During this time period, the medical marijuana industry brought in a total of

Iowa’s medical cannabis sales in 2022 were $10.2 million, despite the state’s small population and the fact that just 5 shops were open at the time. Before recent changes to the law, Iowa’s medical cannabis program was one of the hardest to use in the United States. The Medical Cannabidiol Board of Iowa recently released

CBS New York reported, the first legally operating cannabis store in New York will welcome its first customers. New York City’s East Village is home to Housing Works, a nonprofit social service organization. Besides selling cannabis for adults, the company will keep providing free services to the homeless, formerly jailed, and those involved in the

According to the Seattle Times, this year has been the first in the decade since legalization was approved by voters that cannabis sales have decreased. The decline puts a halt to rising sales that had been occurring since the Washington market opened in 2014, including a considerable increase during the outbreak. After voters in Colorado

In the third quarter of the fiscal year 2022, New Jersey reported that sales of marijuana for both medical and recreational use had topped $177,710,764 according to a report by Marijuana Moment. Sales for adults increased by 46 percent from the previous quarter’s total of $79,698,831, according to the New Jersey Cannabis Regulatory Commission (NJ-CRC).