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legal marijuana market

Arizona Representative Dr. Friese Gets Rare Hearing on Legalization in Arizona

Today, in a surprise hearing, at the Arizona Capitol, House bill 2657 (Hb2657), marijuana; adult use; sales; legalization, a bill written and introduced by Dr. Friese, Democrat member of the Arizona legislature from southern Arizona, was discussed and debated at the House Regulatory Affairs Committee. This was the first time in history that a legalization …

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Smart and Safe Arizona Act Campaign Finance Update

According to the latest quarterly campaign finance report, the Smart and Safe Act legalization initiative has collected a total of $1.6 million. The campaign raised $446,000 in business contributions from October through December. Collecting about $1,700 from 13 individual contributions. Harvest Health and Recreation Inc., the Tempe-based dispensary operator that is on track to become the largest legal …

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U.S. Sales of Cannabis Projected to Reach $30 Billion by 2023 and $66.3 Billion by 2025

Sales of legal cannabis in the U.S. amounted to nearly $10 billion in 2018. New Frontier Data’s Hemp Business Journal estimates that, in leading all hemp product categories, the hemp-derived CBD market was a $390 million-dollar market in 2018. The reports said that the cannabis market is expected to grow at a rate of 21% per year between now and 2021. This will …

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