As New Jersey reports $2 Million sales on the first day of sales, more than half of Europeans favor cannabis legalization, a new study shows. We’re rounding up the legal cannabis industry stories we’ve been reading this last month.
New Jersey Sold Nearly $2 Million In Adult-Use Marijuana On First Day Of Sales, State Data Shows
More than 12,000 customers bought almost $2 million worth of recreational cannabis products on the first day of recreational marijuana sales in New Jersey last week, according to numbers the state Cannabis Regulatory Commission released Wednesday. Twelve dispensaries reported total gross sales of nearly $1.9 million made by 12,438 customers. Marijuana Moment.
More Than Half of Europeans Support Legal Marijuana
More than half of Europeans favor legalizing cannabis, a new study shows. For now, Germany is on everyone’s lips. That’s because the coalition party that recently assumed power promised to legalize cannabis, although the timing remains unclear. Also, pilot projects for both recreational and medical cannabis in Denmark, Switzerland and the Netherlands are boosting sentiment. The first sales of fully legal adult-use cannabis in Europe will most likely be in Switzerland, by the end of 2022, according to a report published by Prohibition Partners. Bloomberg.
KacePack reports progress update on the KacePack Future Generations Initiative. Designed to establish ongoing efforts to reduce waste and carbon footprint, the KacePack Future Generations Initiative introduces internal supply chain procedures to lower environmental impact including recyclable and circular client packaging solutions. KacePack’s newest cannabis packaging product launches comply with the latest cannabis packaging regulations to optimize recyclability and degradability. KacePack.
Momentum builds in Senate for major cannabis bill
Senators on both sides of the aisle are throwing support behind a proposal to tuck key marijuana banking legislation into a larger package aimed at boosting U.S. competitiveness.
Sen. Patty Murray (Wash.), the No. 3 Senate Democrat, is leading a push to pass the SAFE Banking Act, which would enable cannabis firms to use banking services, as part of a sweeping package lawmakers are hashing out in both chambers that is intended to bolster the country’s supply chains and manufacturing. The Hill.
Defining The New Cannabis Consumer
The cannabis industry serves millions of new consumers every year. From 2009 to 2019, the number of users grew by almost 20 million. And the data suggests that these consumers come from all walks of life. Therefore, the new cannabis consumer is diverse, rather than just one persona. With the upward trajectory the industry is facing, it’s as crucial as ever to understand the modern day consumer. Read the key trends that stem from demographic data. Visual Capitalist.
