Canadian Cannabis Sales Hit CA$5 Billion in Just 5 Years Post Legalization If you remember, the first piece of legal rercreational cannabis sold in Canada took place at 12:01:01AM on October 17th, 2018 in Newfoundland, Canada and then CEO of Canopy Growth, Bruce Linton, sold the first order at the Tweed store in Newfoundland. Cannabis.net was there to record the historic first recreational sale as it went down live! Fast forward almost 5 years, and Canada is selling a whooping $5 billion CA… Read more.
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A new report projects that the global recreational marijuana market will nearly double over the next four years, with legal sales of adult-use cannabis climbing to almost $50 billion per year by 2027. The report, from U.K.-based cannabis data, media and tech company Prohibition Partners, credits global momentum in cannabis reform and the opening of new recreational cannabis markets in Europe over the next three years as the prime drivers of the industry’s worldwide growth. “North America remains the global… Read more.
Organizers of a campaign to legalize recreational cannabis in Ohio said they’ve submitted more than enough signatures from registered voters to qualify for the November ballot. The campaign on Thursday submitted 6,545 to state election officials, campaign spokesperson Tom Haren said in a statement. That total is almost 10 times as many signatures as the Campaign to Regulate Marijuana Like Alcohol needed. Earlier this summer, the campaign turned in roughly 223,000 signatures to the Ohio secretary of state’s office, which told the campaign… Read more.
Voters widely approved it last November, and in two months, legal cannabis will become a reality in the state of Maryland. Governor Wes Moore signed the state's framework into law Wednesday, and now Baltimore County is looking to bring its own laws up to speed. Councilman Julian Jones, chair of the Baltimore County Council, introduced that update at the council's meeting this past Monday. The measure would apply county rules for medical dispensaries to recreational ones. "For me, it was just… Read more.