< Back to Blog
News

2022 Cannabis Recap

By
Dispense

2022 came and went. Let’s take a look back on all things cannabis that happened last year, starting with some milestone moments.

2022 Cannabis Timeline

April 21st

New Jersey began recreational cannabis sales across 13 dispensaries. Eager residents started lining up before dawn, resulting in a whopping $2 million in sales on the first day. 

May 26th

Rhode Island became the 19th state to legalize cannabis when Gov. Dan McKee (D) signed the Rhode Island Cannabis Act into law.

October 1st

Vermont began adult-use cannabis sales and was met with strong demand. By the end of the month, the Vermont Department of Taxes reported $2.6 million worth of product was sold by dispensaries.

October 6th

President Joe Biden pardoned thousands of people federally convicted of marijuana possession and called on state governors to follow suit. Biden said the status of Schedule 1 substance for cannabis “makes no sense.” Biden also instructed Secretary of Health and Human Services Xavier Becerra and Attorney General Merrick Garland to begin reviewing how marijuana is classified under federal drug laws.

November 9th

Maryland and Missouri voted to legalize recreational cannabis for adults 21+. Arkansas, North Dakota, and South Dakota failed to pass cannabis legislation. 

November 22nd

Governor Kate Brown grants a pardon for prior Oregon offenses of simple possession of marijuana, which impacted around 45,000 people and forgave more than $14 million in fines and fees.

December 5th

An overnight shutdown of cashless ATMs rocks dispensaries across the United States. The “point of banking” system used customer bank cards to make withdrawals appear as though they were coming from different addresses; a loophole attempt to get around credit-card providers banning cannabis transactions. Fortunately, dispensaries can pivot to compliant cashless options. 

December 8th

Brittney Griner is released from a Russian prison in a prisoner exchange after being detained in February for possession of cannabis vape cartridges.

December 21st

The Secure and Fair Enforcement (SAFE) Banking Act failed to pass for the third time. First introduced to the House of Representatives in 2019, the bill aims to provide a secure solution for banks and credit unions to conduct business with cannabis-related ventures in legal states.

December 29th

New York state’s first recreational dispensary opens in the heart of New York City by Housing Works, a non-profit organization that seeks to provide housing, healthcare, and vocational training to thousands of New Yorkers every year.

2022 Cannabis Data and Trends

  • In the United States, newer markets tended to grow while mature markets mostly saw sales retractions. 
  • Still, cannabis sales were down overall in the U.S. According to Headset, U.S. sales were down by -1% in November 2022 in comparison to the previous year.
  • Canadian sales, however, were up 7% since November 2021. Infused pre-rolls soared in popularity.
  • Gen Z was the only American age group to see sales growth in 2022.
  • Dispense launched with retail partners in 8 new states including New Jersey, California, Florida, Pennsylvania, Oklahoma, New Mexico, Colorado, and Vermont.
  • Weed is becoming normalized, with the majority of U.S. adults supporting cannabis legalization.
  • The most popular products are beverages, edibles, vape pens, and pre-rolls; all seeing positive YoY growth in both the United States and Canada.

Dispense App: Your #1 Choice for Cannabis E-Commerce Solutions

When your business is ready to sell cannabis online, consider the particulars of these two e-commerce strategies to make the best decision for your dispensary. At Dispense, we empower cannabis retailers to sell cannabis on their website with the sleek and powerful online shopping experience customers have come to expect. Own your customer data, kickstart your marketing strategy, and optimize your website all under one roof.

Interested in learning more about Dispense? Complete the form below, and a member of our team will contact you soon.

Want to learn more about us?