LEGALIZATION
The Cannabis Administration and Opportunity Act could bring major reforms
SCIENCE
Study shows that cannabis use doesn’t make users more susceptible to COVID-19
Health
Cannabis offers definite advantages in treating these health conditions
LIFESTYLE
How to make the perfect cannabis-infused baked ham and egg dish
Stock Market
A cannabis REIT is going public through a new partnership
CANNABIS INDUSTRY
New York is almost ready to start issuing marijuana dispensary licenses
States that have legalized marijuana in 2022
(updated April 2022) It is legal to buy and consume recreational and medical marijuana in Alaska, Arizona, California, Colorado, Connecticut, Illinois, Maine, Massachusetts, Michigan, Montana, New Mexico, New Jersey, New York, Nevada, Oregon, Rhode Island, Virginia, Vermont, and Washington and Washington, D.C. For an in-depth look at state-by-state cannabis policies, click here.
Recreational and Medical use
Medical use only
Key Facts
11 states have legalized medical and recreational marijuana.
Adults 21 years of age or older can purchase and legally possess up to 1 ounce of marijuana but cannot consume “openly and publicly“.
$290 per ounce is the average price of high-quality marijuana in states where marijuana is legal.
By 2025, the cannabis industry could generate $132 billion in federal tax revenue if it’s legalized in all 50 states.
Chart of the Week: Marijuana Market Share
The pie chart below shows the market share of marijuana sales in 2017. The data includes sales of recreational, medicinal and cannabis-related products sold in regulated markets during 2017. It’s worth mentioning that California is the most populous state in the nation.
Data source: Public Policy Institute of California, BDS Analytics, Statista