Americans are continuing to use marijuana as a substitute for other drugs, with analysts reporting a “sudden spike” in the consumption of cannabis as an alternative to alcohol in 2024. An analysis of new survey data from Bloomberg Intelligence (BI) that was released on Tuesday found that substitution of cannabis for alcohol is “soaring” as
Tag: Marijuana Moment
Massachusetts Recreational Marijuana Sales Hit $7 Billion Milestone, With Record-Breaking Seven-Month Surge, Officials Say
Massachusetts adult-use marijuana sales have officially exceeded $7 billion since the state’s legal market launched in 2018, regulators announced. And $1 billion of that total came in just seven months—marking a state record. The Massachusetts Cannabis Control Commission (CCC) said the state reached the $7 billion mark on November 19, eight days before the marijuana
Michigan’s Legal Marijuana Market Is Poised To Surpass $10 Billion In Total Recreational Sales By Year’s End
Michigan’s marijuana retailers are on pace to hit a major milestone later this year, with $10 billion worth of recreational cannabis products sold since the state’s adult-use market opened in 2019. It’s possible the state has already hit the $10 billion mark, according to the nonprofit news outlet Bridge Michigan, which first reported that the
Missouri’s Marijuana Market Is Outperforming States With Older Legalization Laws
“Those are mature marketplaces, and you are surpassing them. Missouri is doing amazing things, and we expect tremendous growth in this market going forward.” By Rebecca Rivas, Missouri Independent In less than two years of selling legal recreational weed, Missouri’s cannabis market has grown to $1.4 billion—outperforming states with a longer history of marijuana legalization