Massachusetts officials have announced a new milestone in the state’s adult-use marijuana program, with total recreational cannabis sales now exceeding $8 billion since the market launched. Just about seven months after marijuana sales reached $7 billion, the state added another billion by the end of June, according to data from the Massachusetts Cannabis Control Commission
Tag: Marijuana Moment
Marijuana Legalization Is Putting ‘Pressure’ On Alcohol Industry, CEO Of Jack Daniel’s Parent Company Says Amid Profit Losses
The growing use of marijuana as an alternative to alcohol is putting “pressure” on the spirits industry, contributing to a decline in profits in recent years, the president of a major alcohol company with ancillary brands such as Jack Daniel’s and Woodford Reserve says. During an earnings call on Thursday, Brown-Forman Corporation CEO Lawson Whiting
70 Percent Of Americans Support Allowing Marijuana Use At Casinos And Resorts, New Poll Shows
About seven in ten American adults say they’re in favor of having designated marijuana consumption areas at casinos and resorts—and two in five would be more inclined to visit casinos if cannabis use was allowed, according to a new survey. The poll from the University of Nevada Las Vegas’s Cannabis Policy Institute (CPI) asked a
Largest U.S. Bank ‘Probably Would’ Work With Marijuana Businesses If Federal Law Changes, Chase CEO Jamie Dimon Says
The CEO of the financial giant JPMorgan Chase says the company “probably would” start providing banking services to marijuana businesses if federal law changed to permit it. As the new Congress gets to work, cannabis industry stakeholders are holding out hope for another bipartisan push to advance marijuana banking legislation. And the head of the