by adminTorusBrand | Oct 17, 2018 | Business
Today is a landmark day for the international cannabis industry. The day of legal marijuana in Canada is finally here. At midnight on Wednesday, the first legal recreational marijuana sale in Canada was made on the eastern island of Newfoundland. As of today, Canada...
by adminTorusBrand | Oct 15, 2018 | Business
This past August had the highest month for marijuana sales in Colorado to date. Cannabis sales in Colorado hit a monthly record of over $141.3 million in August, nearly six years after marijuana was legalized for recreational use. The previous record in monthly sales...
by adminTorusBrand | Oct 9, 2018 | Business
The group behind Michigan’s adult use marijuana ballot initiative funded a study investigating the measure’s potential fiscal impacts. The legalization of adult use marijuana in Michigan would generate $130 million a year in new tax revenue for the state, according to...
by adminTorusBrand | Sep 14, 2018 | Business
A new analysis predicts that the domestic hemp-derived CBD market will explode in the coming years. The United States hemp CBD market will hit $22 billion by 2022, according to a new analysis from Brightfield Group. In a report first exclusively shared with Rolling...
by adminTorusBrand | Aug 27, 2018 | Business
Marijuana sales in the U.S. are catching up to those of beer and wine. America’s legal marijuana industry could be worth as much as $47 billion in a decade’s time, according to investment bank RBC Capital Markets. In a lengthy memo to clients last week, RBC analysts...
by adminTorusBrand | Aug 13, 2018 | Business
Taxable sales in the market’s first 12-month period are expected to exceed $500 million. Nevada’s first full year of taxable marijuana sales are expected to exceed more than half a billion dollars, according to Nevada state marijuana regulators. That figure is...
