In the two states with the most mature adult-use cannabis markets, cannabis excise tax revenues outpaced those collected on the sale of alcohol and tobacco.
Topic: Marijuana Business
Authors predicted, “If the remaining … states without medical cannabis legalization were to legalize cannabis, spending on conventional pharmaceutical drugs would decrease by almost 11 percent.”
Judges for the US Court of Appeals for the First Circuit ruled 2 to 1 that the residency requirement was “facially protectionist” and therefore unconstitutional.
The study found, “[T]he entry of retail cannabis stores is not associated with a statistically significant change in traffic crashes per 100,000 population in Colorado.”
“The budget bill is a helpful start, but much more needs to be done to make legal cannabis more readily accessible to consumers.”
“Dried flower was the most commonly used product” among consumers – regardless of whether those consumers patronized either the licit or illicit marketplace.
“So dire is the current situation that advocates now fear that the cannabis industry in California faces an ‘existential crisis’ in the absence of meaningful tax reform.”
“Consumers paid more for dried flower in illegal, medical, and recreational states without stores, than recreational states with stores,” researchers concluded.