States that have legalized marijuana for adult use collectively generated more than $3.7 billion in tax revenue from recreational cannabis sales in 2021, a report from the Marijuana Policy Project (MPP) that was released on Wednesday found. That’s a 34 percent...

The Lod-based company Panaxia reported increased revenues from the Israeli market for its sales of medical cannabis in 2021. The Israeli cannabis company Panaxia released its earnings for 2021 Tuesday. Panaxia, which is based in the mixed Arab-Jewish city of Lod, said...

Illinois’s marijuana market seems to be rebounding after a couple of months of lagging sales, with officials reporting on Monday that the state saw nearly $131 million in legal recreational cannabis purchases last month. That’s the second-highest recorded sales month...

The last two years haven’t been great for the CBD industry. The pandemic cratered in-store sales of CBD. Meanwhile, by choosing not to regulate CBD, the FDA left it in a legal gray area, limiting where it can be sold. If you need evidence of the industry’s...

Colorado’s per-capita sales estimate of $429 for its 21-and-older population topped the chart. Far fewer states have launched commercial adult-use cannabis sales than medical cannabis sales, but those that have made the recreational jump are raking in the dough. In...

Beginning at midnight on April 1st, 2022, any person in New Mexico over the age of 21 will legally be allowed to buy up to 2 ounces of marijuana from dispensaries across the state. People are also allowed to have six of their own cannabis plants for personal...