While near-term headwinds persist, industry forecasts project a recovery, with Illinois Cannabis Market estimates ranging from $2B to $2.8B by 2027.
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In 2018, Vermont became the first state to legalize recreational cannabis through its legislature. Cumulative adult-use sales surpassed $500 million this year. Get Vermont Cannabis Market news and legislation updates, business plan templates and samples at cannabusinessplans.com.
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Since the start of medical cannabis sales in March 2020, Utah’s quarterly net sales revenue from medical cannabis products has consistently grown and is on track to total close to $200 million for the whole of 2026.
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In Rhode Island, cannabis licenses are available for cultivation, product manufacturing, retail, and testing. A new license application process for the 24 available adult-use cannabis retailer licenses will open by August 10, 2026.
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Since adult-use legalization, Rhode Island’s total cannabis sales have brought in about $414 million with adult-use sales accounting for nearly 80%.
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Nebraska’s regulations for the state’s medical cannabis market establish four license types: cultivator, product manufacturer, dispensary, and transporter.
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On November 5, 2024, Nebraska became the 41st state to legalize medical cannabis. With the first state-licensed cultivator approved in June 2026 to start planting cannabis, the state is advancing towards launching a fully operational medical cannabis market.
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Main steps in short: Understand regulatory and legal requirements. Do market research. Decide on the type of cannabis business. Choose […]
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In 2025, total sales reached approximately $60 million, representing an 82% year-over-year increase from 2024. This surge underscores the accelerating growth of Washington, D.C.’s medical cannabis program.
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Main steps in short: Understand regulatory and legal requirements. Do market research. Decide the type of cannabis business. Choose a […]
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