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Here’s What Made December Stand Out: These Two States Raked In Hundreds Of Thousands In Cannabis Sales

By Jelena Martinovic
January 17, 2:19 PM
Maryland residents spent a record $96.5m on cannabis products in December, according to data from the Maryland Cannabis Administration (MCA). Of that total, $61.5m came from recreational cannabis sales, while medical sales totaled around $35m for the month. Maryland has seen booming sales since the launch of the recreational market last summer. At the time, existing cannabis companies in the state switched to adult-use shops by paying an 8% one-time fee of their 2022 dispensary revenue not exceeding $2m. Licensed stores took in $20.9m in the first week of legal sales. In total, Maryland recorded $787.5m in sales of legal marijuana products in 2023. Over the same period, Rhode Islanders spent more than $107.8m on combined cannabis sales.

CRLBF

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US Space Agency Dishes Out $2.55B Satellite Jackpot To L3Harris, Lockheed, Sierra For Missile Defense Contract

By Nabaparna Bhattacharya
January 17, 7:40 AM
US Space Development Agency allocates $2.55 billion contracts to L3Harris, Lockheed, and Sierra Space for 54 satellites. This boosts the Tranche 2 Tracking Layer constellation, enhancing missile warning and defense capabilities by 2027. The firm-fixed-price OTA agreements award L3Harris $919 million, Lockheed $890 million, and Sierra Space $740 million. The ambitious project addresses critical defense needs, but early execution depends on a timely approval of the total Defense budget.

LHX