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The newly released
Annual Marijuana Business Factbook, 9th Edition, forecasts U.S. sales of recreational and medical marijuana to hit $45.9 billion by 2025.
Other key findings from the report:
In 2021, U.S. cannabis sales are expected to reach $22 billion-$26.4 billion.
100 percent of investors expect the industry to do better in 2021 than in 2020.
The cannabis industry will offer over 400,000 full-time jobs in 2021.
The new, adult-use market in New York should reach sales of $2.5 billion by year five.
â2020 was an important year in cannabis,â says
Annual Marijuana Business Factbook editor Jenel Stelton-Holtmeier in a news release. âMany marijuana businesses were declared essential during the pandemic, and more states legalized cannabis markets. 2021 will see more states join in, and their programs are getting started faster than weâve previously seen.â
Tetra 9 Private Lounge
3039 Walnut Street Private cannabis lounge Tetra 9 is celebrating a week of 4/20 fun, hosting live music, joint-rolling showcases, a toking challenge and more. General admission, judging passes and VIP options are all available, but first you must become a member of the private club (daily memberships are available). Sign up at tetralounge.com (21+) and buy 4/20 passes at eventbrite.com. Friday, April 16, through Sunday, April 24 Keep the TV on all throughout 4/20 week during the Spliff Film Fest, a nine-day online film festival for filmmakers and animators to showcase original shorts that examine cannabis and its impact on humanity. Tickets to the Spliff Film Fest start at $20, with VIP sessions with filmmakers also available. Find out more information and check out the lineup at splifffilmfest.com.
This article by Taylos Mclamb was originally published on Cannabis & Tech Today, and appears here with permission.
The uncertainty of the pandemic has forced many people to be more health-conscious and aware of what they’re putting into their bodies.
Being healthy is so much more than just vigorously washing your hands although that doesn’t hurt.
It’s also being mindful of the hidden chemicals or pesticides that we eat, drink, and even smoke.
While cannabis has been deemed essential due to all its healing, medicinal qualities, it’s important to research how your cannabis was cultivated.
But, how does one determine if what they’re smoking is actually organic or just more corporate greenwashing?
Growing cannabis indoors has a big climate impact, so why doesn’t the industry go outside?
Combined with an electricity grid heavy on fossil fuels, researchers found growing indoor cannabis in Colorado creates almost 50% more emissions than an equivalent. Author: Sam Brasch (Colorado Public Radio News) Published: 7:54 AM MDT April 7, 2021 Updated: 7:54 AM MDT April 7, 2021
DENVER Chris Baca wants to be upfront about the climate impact of his warehouse.
As the operations manager for The Clinic, a Denver-based dispensary, Baca has turned the windowless space in south Denver into a plant paradise. He said the trick has been to mimic the outdoor environment. Artificial lights fill the role of the sun. Fans pull in fresh air. Pumps feed water nutrients to hundreds of sprouts lined up along long tables.