A small crowd gathered outside Viola Extracts’ cultivation facility for a morning press conference on the banks of the Detroit River July 13. Inside, however, the warehouse was mostly empty.
More than a month prior, on May 29, Detroit police executed a search warrant and arrested six workers inside the facility. Police officers, in conjunction with U.S. Border Patrol agents, confiscated more than 100 lbs. of cannabis. The six were arraigned June 1 in Michigan’s 36th District Court.
When we look back, 2018 may be known as the year that marijuana legalization won.
The revenue increase will be driven by the evolution of high-population markets in New York, Michigan, Ohio, New Jersey, and Texas.
The marijuana industry has continued its explosive growth in 2018, and a new report has quantified just how explosive.
Sales of legal marijuana in the United States could hit $10 billion this year and skyrocket to $22 billion by 2022, according to the 2018 Marijuana Business Factbook released by Marijuana Business Daily. That’s big growth year-over-year, with last year’s figure for both recreational and medical marijuana hitting about $6.2 billion.
Here are some of the factors driving projections.
Going green has taken on a new meaning in the U.S. Thirty states plus the District of Columbia now allow legal use of medical marijuana. Eight of those states, along with D.C., also have legalized recreational use of marijuana. The numbers in both categories could be higher in the not-too-distant future.
Two states appear to be on course to legalize recreational marijuana in 2018. Another state could also join the ranks of those allowing legal use of medical marijuana. Here's what you need to know.
Michigan residents will decide whether to legalize the sale, possession and use of marijuana for recreational purposes in November, after a state board certified supporters had turned in enough signatures to qualify for the fall ballot.
The state Board of Canvassers agreed Thursday that backers of the ballot measure had turned in about 277,000 valid signatures, more than the 252,523 they needed to qualify for the ballot.