Green Market Report’s Post

  Missouri’s marijuana market continues to trend upward in the early months of 2024. February saw sales climb back after marijuana sales fell to their lowest total in nearly a year in January. But March saw sales jump back into midseason form growing more than 9% over February sales, an $11.3 million increase over prior month. Missouri dispensaries reported over $124.7 million in sales for the month, marking the highest monthly total in a year, and the second-highest monthly sales total in program history. March 2024 Sales Breakdown In March, recreational marijuana sales surged to $108.7 million, a significant increase […] https://lnkd.in/gng6XVHg

Missouri’s marijuana sales reached $123.7 million at retail in May, a 3% increase over April. Now, Missouri has reached $2.5 billion in cumulative sales of legal marijuana. #missouri #missouricannabis #cannabisnews #cannabisindustry #sales #retail #hiring #nowhiring #marijuanaindustry #economicgrowth #growth #dispensaries

$1.8B In Marijuana Sales Marks A Historic Year For Massachusetts' Booming Cannabis Industry, read more in the latest from Benzinga by Nicolás J. Rodriguez, MA #Cannabis #CannabisNews #Sales #CannabisSales #Industry #Market #Massachusetts #BZCannabis.

In April 2024, Missouri’s legal marijuana sales totaled $120.10 million, comprising $15.50 million from medical marijuana and striking $104.60 million in recreational sales. In three of the last four years, March sales have outperformed April. #missouri #missouricannabis #cannabisindustry #nowhiring #hiring #sales #retail #economicgrowth #economicdevelopment #markettrends

New Mexico Marijuana Sales Reach Record High in March Cannabis News: Discover how New Mexico's marijuana sales reached a record high in March. Learn about the latest trends and insights. Read More At Leafyleaks. https://lnkd.in/eSY6wRdS

The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in 2024, about 12% more than last year, according to analysis from the newly released MJBiz Factbook. While the industry has experienced sales declines – especially in mature western markets – the expansion of new recreational and medical marijuana facilities in states such as Maryland, Missouri and New York continue to foster growth. With more new cannabis markets on the horizon, the industry will add upward of $200 billion in additional spending to the U.S. economy by 2030. The economic multiplier paints a picture of the cannabis industry's impact on the broader economy. This means that for every $1 that consumers and patients spend at adult-use stores and MMJ dispensaries, an additional $2.50 will be injected into the economy - much of it at the local level. Learn more - https://lnkd.in/eibeHKRU

Marijuana retailers in Michigan sold a whopping $3.06 billion in adult-use and medical products in 2023, according to data from the state’s Cannabis Regulatory Agency. That’s about $305 worth of cannabis products per person in the state, the highest per capita spend in the United States, according to Crain’s Detroit Business. California retailers were expected to sell $5.9 billion in cannabis products in 2023, or $150 per capita, according to Crain’s. And Colorado’s per capita spend is about $290. December was a particularly stellar month for Michigan’s cannabis retailers, with $279.9 million in total sales, up from $260.5 million in November. When Michigan voters approved adult-use sales in 2018, MJBizDaily estimated the market would be worth $1.7 billion within several years after launching. Recreational marijuana sales in Michigan launched in December 2019, and adult-use retailers in the state took in $400 million in Year One. https://lnkd.in/gxPRPkZa

Here’s what’s going on in the legalized cannabis, CBD, and hemp industry this week: | DEA Confirms it is Reviewing Marijuana Rescheduling Recommendation | Marijuana Genetics Trends to Extend Beyond High THC in 2024 | Oneida Indian Nation Opens Recreational Marijuana Sales in New York | Largest Cannabis MSOs Lay Out Modest Expansion Plans for 2024 | 70% of Medical Marijuana Products in Mississippi on ‘Hold’ for Retesting What cannabis industry headline caught your attention this week? Let us know in the comments. #cannabisindustry #cannabisnews #qredible #legalizeit

The total U.S. economic impact generated by regulated marijuana sales could top $112.4 billion in 2024, about 12% more than last year, according to analysis from the newly released MJBiz Factbook. The expansion of new recreational and medical marijuana facilities in states such as Maryland, Missouri and New York continue to foster growth.