Tag: illicit market

Canadian province pledges $31 million toward illicit cannabis battle

The government of Ontario, Canada, pledged $31 million to an agency responsible for fighting the illicit cannabis market in the province. The $31 million investment for the Provincial Joint Forces Cannabis Enforcement Teams (PJFCET) would be made over three years, the news outlet StratCann reported, citing Ontario’s 2024 budget papers. The government said the money […]

Can New York Become the Wall Street of Cannabis? Uncover the $6 Billion Potential

As New York’s cannabis industry enters its first major growth phase, a new report from Whitney Economics highlights the potential for the market to scale to $6 billion in annual sales within the next few years. Despite nearing $1 billion in annualized sales since adult-use legalization in 2021, only 15% of New York’s cannabis consumers […]