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Cannabis investments shrunk in 2022, but less green didn't mean investors stopped finding value: report

Cannabis investments shrunk in 2022, but less green didn't mean investors stopped finding value: report
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.

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Is Rhode Island Ready to Light Up? - Rhode Island Monthly

On Easter Sunday, Kevin Rouleau tends the inventory of Hangar 420 young clones rooting in one room, mature specimens headed toward harvest in another, After years of pushing for legalized recreational use, the Rhode Island's budding marijuana industry is about to take off. ....

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Cómo los dólares de la marihuana han sobornado a políticos y policías en California | Noticias Univision Narcotráfico

Cómo los dólares de la marihuana han sobornado a políticos y policías en California | Noticias Univision Narcotráfico
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Billions in black-market weed still selling in Illinois 18 months after marijuana legalized

AP
Even as legal weed sales in Illinois continue to shatter records nearly 18 months after they kicked off, the illicit pot trade is still dominating a total statewide market some experts have valued at over $4 billion.
New Frontier Data, a cannabis industry research firm headquartered in Washington, D.C. estimates that black market pot sales here will top $2.2 billion this year. Meanwhile, BDSA, another pot research firm based in Colorado predicts more than $1.7 billion in illegal sales.
Those numbers are expected to outpace the surging totals for recreational and medical marijuana sales which surpassed $1 billion last year and reached nearly $680 million by the end of May by hundreds of millions of dollars. New Frontier Data projects nearly $1.9 billion in legal sales by year’s end, while BDSA offered a more modest estimate of $1.2 billion. ....

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Pandemic Fertilizes Record Pot Sales in Colorado

DENVER (CN) During the pandemic, Colorado’s gone to pot.
Between January and October, the Colorado Department of Revenue reported the state marijuana industry sold $1.8 billion worth of marijuana, surpassing last year’s total sales of $1.7 billion and putting it on track to clear $2 billion for the first time in history.
With national sales from the first three quarters surpassing 2019 records, data firm New Frontier now predicts American marijuana sales to hit $20 billion by New Year’s Eve and $41 billion by 2025.
Part of this growth comes expected as businesses matured, but the marijuana industry has also proven uniquely adept at navigating the pandemic economy. ....

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