The Business of Cannabis

Colorado Cannabis Sales Surpassed $1.5 Billion In 2023, Worst Year Since 2017

Feb 14, 2024 | National

Colorado cannabis sales in 2023 surpassed the $1.5 billion mark, the state Department of Revenue announced last week, down significantly from $1.7 billion in 2022 and a tumble of almost $700 million since 2021. In December, Colorado’s marijuana shops sold a...

California Tax Authorities To Auction Seized Cannabis Assets Over Unpaid Taxes

Feb 14, 2024 | National

If you’re looking for a used TV or some inexpensive extra mason jars, a good spot to check will be an auction in Los Angeles on Feb. 16 at 10 a.m., when the California Department of Tax and Fee Administration sells off seized assets from 10 L.A.-based cannabis...

Cannabis Business Presence Increasing on the Colorado Tourism Office Website

Feb 8, 2024 | National

A report from Westword pointed out that the Colorado Tourism Office (CTO) has recently begun to feature information regarding a few cannabis businesses on its website. Westword spoke with licensed cannabis party bus business owner, Sarah...

Scientists Develop New Method To Test For Recent Marijuana Use With 96 Percent Accuracy

Feb 7, 2024 | Feature, National

Scientists say they’ve identified an alternative way to test for recent marijuana use that’s significantly more accurate than standard THC blood tests that sometimes misrepresent a person’s potential impairment depending on how frequently they use cannabis. And...

Licensed Cannabis Cultivators In California Declining Rapidly

Feb 7, 2024 | National

The number of actively-licensed cultivators in California continues to decline as 2024 gets underway. According to a January 31 query of the state’s License Search tool, 5,498 cultivators hold active licenses. That figure is down almost 35% from two years ago, when...

Survey: Young Americans Are Five Times More Likely To Smoke Marijuana Than Cigarettes

Feb 7, 2024 | National

Significantly more Americans now say they smoke marijuana than cigarettes—with young people being more than five times more likely to consume cannabis than tobacco, according to new Gallup polling data. Overall, 17 percent of Americans say they smoke cannabis,...