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According to the California Department of Tax and Fee Administration, legal marijuana shops reported about $5.1 billion in revenue in 2023, less than the previous year and 11% less than in 2021.
For the record: 3:07 p.m. Oct. 28, 2024: An earlier version of this article said EPIC seized about 77,000 plants.It was 750,000. Two major state programs to combat illegal cannabis recently sent ...
The map was included in an issue of Wired [4] and drew attention to Price of Weed from Barry Ritholtz's Big Picture and Flowing Data. [5] [6] In 2014, Allen B. Downey, a professor from Olin College, utilized data from Price of Weed in his book Think Stats: Probability and Statistics for Programmers (Second Edition). [7]
Sales of marijuana are regulated through government distribution with a state-mandated price of $1.30 per gram. [21] Access to marijuana is legal through four sources: medical marijuana through the Ministry of Health, home-grown marijuana, membership clubs, and sales to adults in drugstores. [21]
Cannabis in California has been legal for medical use since 1996, and for recreational use since late 2016. The state of California has been at the forefront of efforts to liberalize cannabis laws in the United States, beginning in 1972 with the nation's first ballot initiative attempting to legalize cannabis (Proposition 19).
Here are the most important things you should know before investing in pot stocks.
The Department of Cannabis Control (formerly the Bureau of Cannabis Control, originally established as Bureau of Marijuana Control under Proposition 64, [1] [2] formerly the Bureau of Medical Marijuana Regulation [3] [4]) is an agency of the State of California within the Department of Consumer Affairs, charged with regulating medical cannabis (MMJ) in accordance with state law pursuant to the ...