It can be argued that the high taxes are well-intentioned, signaling support for an inclusive cannabis market.

Due to ongoing federal prohibition, America’s cannabis regulations remain fragmented by state. Until reform occurs, states will continue to set their program frameworks, including how it taxes the supply chain, with consumers feeling the brunt directly by taxes or indirectly by retailers up-charging to offset costs.

In four years, the cannabis industry’s job growth has increased 161%, quickly beating predictions from other industries 10 years from now.

Leafly’s fifth annual cannabis jobs report showed the cannabis industry to support 321,000 full-time equivalent jobs in 2021! An incredible number for an amazing and highly-deserving industry.

It can be argued that the high taxes are well-intentioned, signaling support for an inclusive cannabis market.

Due to ongoing federal prohibition, America’s cannabis regulations remain fragmented by state. Until reform occurs, states will continue to set their program frameworks, including how it taxes the supply chain, with consumers feeling the brunt directly by taxes or indirectly by retailers up-charging to offset costs.

Sales of marijuana concentrates shot up more than 40 percent last year and accounted for a larger share of the overall cannabis market, as consumers became more comfortable with the intricate process of dabbing and new technology has made the products easier to use.

In addition, some consumers are moving away from vape products because of respiratory-related health concerns and turning to concentrates such as wax, hash and shatter, according to industry insiders.

Washington state's cannabis industry has grown at a "staggering rate" since the drug was legalized, adding an estimated $2 billion to the economy and generating total tax revenues of more than $883 million, according to a new report.

The report, by Washington State University, also found that the cannabis industry can grow even more with new innovations and nurturing from state lawmakers.

As states report cannabis sales numbers for 2020, record highs continue across the country. It’s become a billion-dollar business for several states, blowing out levels that states had estimated when originally planning legalization.

Starting a cannabis business in the US takes a lot of planning, effort, and patience.

However, it’s doable if you choose the best US state for such a business.

According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally.

Therefore, it’s a perfect time to start this type of business.

Cannabis state laws are becoming increasingly lenient, while the demand for recreational and medical cannabis has never been higher.

The best way to see just how great a cannabis business can be, take a look at the Toronto Cannabis Dispensary. 

If you want to start your cannabis dispensary, here are the ten best US states for such a business.

Starting a cannabis business in the US takes a lot of planning, effort, and patience.

However, it’s doable if you choose the best US state for such a business.

According to some of the most recent statistics, the cannabis industry is among the fastest-growing industries globally.

Therefore, it’s a perfect time to start this type of business.

The means of commercially producing, selling, and profiting from cannabis are, so far, incredibly concentrated in the hands of white business owners.

Introduction to social equity

Let’s get one thing straight — the world needs cannabis. Even as far back as 485 BC (just about 1,500 years ago), Greek historian Herodotus described the pot- smoking rituals of ancient Scythians.

In China, archaeologists uncovered evidence of cannabis use dating back 2,500 years. When considered in this light, cannabis is a human right — and a sacred one at that.

What does all of this have to do with social equity in the cannabis industry here and now?

According to an article released by the Washington Tourism Alliance in June of this year, tourism in Washington State has seen double digit growth during the past five years, generating $10.9 billion in direct state GDP in 2019 alone – before the industry’s near total shutdown in early spring 2020 due to COVID-19.

Since the beginning of March, visitor spending in the state has declined by $3.8 billion compared with last year’s figures. Yet, cannabis sales have continued to rise, with sales in June and July significantly surpassing last year. Cannabis-themed tours are also in full swing, driving direct traffic to retailers.

So, as reopening phases continue, is it possible we could see a boost in tourism based on cannabis sales alone? Some experts say it’s very likely.