Legalization
New Jersey becomes the 18th U.S. state to legalize recreational cannabis, serving a market projected to reach US$2.4 billion by 2025
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Mugglehead Magazine
US
Analysis
A new report by New Frontier Data estimated that U.S. cannabis sales exceeded spirits (US$86 billion) last year, while matching spending on beer
Legalization
Seven multistate cannabis operators have been approved to start adult-use sales
Analysis
Since 2014, the total tax revenue collected from adult-use cannabis sales is US$11.2 billion
Health and Safety
Public service advertisements started on Monday and will run for approximately three months
Business
The company recently acquired Urbn Leaf and Sublime
Legalization
This is the second time the MORE Act has been passed by the House
Business
The firm is forecasting 2022 revenue of at least US$1.3B
Legalization
Lawmakers note that current therapeutic trials for substance use issues exclude people with a history of substance abuse
Business
The company says it's working hard to operationalize assets acquired over the past year
