#Repost @drbenjamincaplan with @use.repost ・・・ New York recently released its guidelines for cannabis dispensaries in the state. The seemingly last few steps before rolling out the legal market. Here are the current guidelines that will shape the future of NY’s cannabis market: 1. No overnight shops without special permissions 2. No designs that may attract to those under 21 years old 3. No “gifting” or deceptive pricing 4. No giveaways, discounts or loyalty programs 5. Express lanes, drive thru’s and pick up are allowed 6. No third parties 7. No cannabis business owners from out of state Do you think these guidelines are fair? Or are they too strict? . . . #cannabisregulations #cannabisnews #cannabisfacts #cannabisnewyork #legalizecannabis #dispensary #cannabisindustry #cannabisculture #cannabismedicine #medicalmmj (at 42 Nd Street & 8th Ave. Time Square Manhattan Ny City) https://www.instagram.com/p/ClcWf2ksi57/?igshid=NGJjMDIxMWI=
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Legal Marijuana Market: Investment Strategies and Financial Outlook
The global legal marijuana market size is expected to reach USD 102.24 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 25.7% from 2024 to 2030. Increase in rate of legalization of marijuana for medicinal and adult-use/recreational marijuana, growing adoption of these products for the treatment of chronic ailments and rise in a number of new product launches are the primary factors responsible for the growth of the market. For instance, in March 2023, Irwin Naturals Inc., a herbal supplement formulator, introduced company's’ new CBD 25mg Softgels in Canada. It is available through the Starseed Medicinal Medical Group platform across the nation.
Legal Marijuana Market Report Highlights
By application, medical segment accounted for the largest revenue share of 79.1% in 2023 owing to the high demand among healthcare practitioners and patients for medicinal marijuana.
By product type, oil and tinctures held the largest market share in 2023 owing to low price and ease of accessibility of flowers compared to other products.
In 2023, North America dominated the overall market with a revenue share of 76.0% owing to its large consumer base, North America was among the first regions to legalize the use of medical and recreational cannabis.
For More Details or Sample Copy please visit link @: Legal Marijuana Market Report
In April 2022, New Jersey legalized recreational and medical marijuana, and it is being sold at 13 facilities. This move has made New Jersey one of the 18 states in the United States where recreational marijuana is legal. The market is experiencing growth due to the widespread acceptance of cannabis and its high demand. Since its legalization, the use of marijuana in medical treatments has increased, leading to a decrease in the illegal trade of cannabis. According to a study conducted by New York University, the usage of cannabis among individuals aged 50-64 has doubled in the last decade and has now reached 9.0%.
Moreover, price of legal marijuana is lower than medical marijuana, and taxes would be levied on marijuana products after its legalization. Therefore, cultivators are focusing on cultivating marijuana in areas that are exempt from taxes. For instance, in New York, marijuana cultivators are focusing on tribal regions to get exempted from the taxes levied by the government. This is expected to lower the overall cost of cultivation of marijuana in the state, and cultivators can sell marijuana at lower prices. Lower prices of marijuana are further anticipated to boost the adoption of marijuana in the market.
List of major companies in the Legal Marijuana Market
Canopy Growth Corporation
AURORA CANNABIS INC.
Tilray Brands Inc. (Aphria, Inc.)
ABcann Medicinals, Inc. (VIVO Cannabis Inc.)
The Cronos Group
MARICANN INC.
Organigram Holdings Inc.
Lexaria Bioscience
GW Pharmaceuticals (Jazz Pharmaceuticals, Inc.)
For Customized reports or Special Pricing please visit @: Legal Marijuana Market Forecast Report
We have segmented the global legal marijuana market on the basis of application, product type, and region.
Legal Marijuana Application Outlook
Medical
Adult Use
Legal Marijuana Product Type Outlook
Flower
Oil & Tinctures
Legal Marijuana Regional Outlook
North America
Europe
Asia Pacific
Latin America
Middle East and Africa (MEA)
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Web: https://www.grandviewresearch.com
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#LegalMarijuana #CannabisIndustry #MarijuanaMarket #CannabisBusiness #MarijuanaLegalization #CannabisEconomy #MedicalMarijuana #CannabisTrends #MarijuanaInvesting #CannabisRegulation #MarijuanaBusiness #CannabisCommunity #LegalWeed #MarijuanaPolicy #CannabisGrowth #MarijuanaResearch #CannabisInnovation #GreenEconomy #CannabisJobs #WeedEconomics #CannabisLaws #MarijuanaMarketing #CannabisCulture #HempIndustry #CannabisRetail
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Cannabis legalization policy will set the legal consumption age at 20, would allow for cannabis ‘coffee shops,’ and would permit home grows in New Zealand. Voters will have their chance later this year to vote in one of two referendums at this year’s general election. The proposed cannabis legalization will ban items designed to appeal to children and set a four-year prison term for selling to under 20-year-olds. The final version of the bill also confirmed that the wording of the cannabis referendum question will be a straight ‘Yes or No‘ option. The hope is that this will avoid any confusion. More details https://shorturl.at/osIJK #newzealand #cannabis #cannaforce #cbdreviews #hemp #cannabiscommunity #legalization #endthestigma #cannabisregulation #cannabislegalization #legalizeit #legalizecannabis #auckland #homegrows #growingcbd #growcannabis #cbdoil #cbdflowers #hempflowers #cbd (at Auckland, New Zealand) https://www.instagram.com/p/B_0MH94pWDs/?igshid=1y0ehmj2yy9ez
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a thot on marijuana DUIs
instilling a sort of fear in doing something that can very well otherwise, and most very often will be done regardless just manifests into a dimension of paranoia, ..an additional dimension added to the RAM drives of each navigator, (often those who aren't even doing it either) ...which is counterproductive to the cause ..i think theres a lot of "Golden Rule" implimentations that are going to make way into our ..politicals maybe a number scale strike system of some sort ...but the goal here being use your friggin' 'head
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Fraud is Increasing in the Cannabis Testing Market. With more states legalizing cannabis for medical and recreational use, regulation has become a prevalent topic throughout the industry. The markets for virtually all types of marijuana use (except for industrial hemp) have been rapidly growing at the state levels without any federal oversight. One significant result is the inconsistencies from state to state between testing requirements and the licensing of third-party independent labs.
Click on the link below to read the rest of this article:
https://cannaprocure.com/fraud-is-increasing-in-the-cannabis-testing-market/
#Cannaprocure #CannabisIndustry #CannabisTestingLabs #CannabisRegulations
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