May 2026 – Business Plan Templates

How to Start a Cannabis Business in Minnesota?

Main steps in short: Understand regulatory and legal requirements. Do market research. Decide the type of cannabis business. Choose a [...] Read more ›

Minnesota Cannabis Market

Adult-use cannabis sales in Minnesota began on September 17, 2025, through the stores of two medical cannabis dispensaries holding medical cannabis combination licenses, and a licensed microbusiness in Duluth selling tribally grown cannabis flower. Adult-use cannabis sales are projected to add $850 million to Minnesota’s cannabis market.

UK Hemp CBD Industry

With nearly one-in-ten adults having used CBD, UK is one of the largest CBD markets in the world, its value estimated at £386 million in 2025 and projected to reach £2.3 billion by 2030. This is driven by growing public interest, with CBD-based snacks, supplements and skincare products catching the attention of health-conscious consumers.

Virginia Cannabis Market

While Virginia legalized adult-use cannabis possession in April 2021, since then no legislation has been developed to establish a regulated adult-use cannabis market – which according to some estimates could be worth up to $3 billion.

Georgia Cannabis Market

Georgia’s medical cannabis program is set to expand following the approval of Senate Bill 220, introducing vaporization formats for patients aged over 21, removing the restrictive 5% product potency cap, and significantly easing patient access.

2026 Cannabis Reform Proposals (May 2026 Update)

As of May 2026, at least five states have medical/adult-use cannabis reform proposals in process.

2026 Cannabis Reform Ballot (May 2026 Update)

As of May 2026, three states – Idaho, Massachusetts, and Nebraska – could have their cannabis reform measures on the 2026 ballot, scheduled to be held on November 3.

Massachusetts Cannabis Market

Since November 2018, total adult-use sales revenue has surpassed $8.8 billion. With continuously rising annual adult-use cannabis sales, Massachusetts is projected to become a $2.5 billion industry.

Illinois Cannabis Market

While near-term headwinds persist, industry forecasts project a recovery, with Illinois Cannabis Market estimates ranging from $2B to $2.8B by 2027.

Iowa Cannabis Market

Medical cannabis sales have risen from $3.5 million in 2020 to $13.6 million in 2023, and after a brief contraction to $13 million in 2024, continued their upward trajectory. From January to October 2025, medical cannabis sales in Iowa totaled $13.7 million, driven by a continuous rise in annual transaction volume and a stable active patient base.

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