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Despite knowledge of the illegal sales practices, Community Bank senior leadership failed to take sufficient action to prevent and reduce the incidence of such practices. Senior leadership of the Community Bank minimized the problems to Wells Fargo management and its board of directors, by casting the problem as driven by individual misconduct instead of the sales model itself. Community Bank senior leadership viewed negative sales quality and integrity as a necessary byproduct of the increased sales and as merely the cost of doing business.

In addition, this past fall Secretary Haaland announced a new leasing path forward, which identified up to seven potential lease sales by 2025, including the New York Bight and offshore the Carolinas and California later this year, to be followed by lease sales for the Central Atlantic, Gulf of Maine, the Gulf of Mexico, and offshore Oregon.

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Cannabis sales in Arizona passed the $1 billion mark for the year in September, as the medical and recreational markets continued a familiar pattern that appears to have solidified over the past several months.

The last time medical sales were above $30 million was in June, and since June 2022, the medical market has not surpassed $40 million. Medical sales have declined consistently since a peak of $73.4 million in April 2021.

Recreational sales have been more than $80 million since dipping below $90 million in May, following a market record of $100 million in March. ADOR reports that recreational sales were $85.8 million in August and slightly above $80 million in September.

So far in 2023, medical cannabis sales overall totaled $267 million and Arizonans have bought nearly $797 million in recreational marijuana, for a total year-to-date of almost $1.1 billion through September. Since January 2021, when recreational sales began, the cannabis industry has generated more than $4 billion, with about $2.5 billion coming from recreational sales.

The last time recreational and medical sales were anywhere near equal was October 2021, when adult-use sales were $65.8 million and medical sales were $64.4 million. That was the first month that recreational sales outpaced medical sales.

The state collects a 16% excise tax on recreational sales in addition to the standard sales tax; medical patients pay roughly 6% in state sales tax. Local jurisdictions charge an additional 2% or so for all marijuana sales.

The excise tax on adult-use marijuana sales has yielded about $174.5 million so far in 2023. In 2021, recreational cannabis generated $32.9 million for eleven months of sales, and in 2022 that number jumped to $132.8 million. Since the program launched, the state has collected more than $391 million in marijuana excise taxes.

As of October, there were 121,047 qualifying patient cardholders, down from 123,796 in September. At the height of the medical market, there were 299,054 qualifying in January 2021 before the advent of recreational sales.

Shopping cart abandonment currently causes eCommerce brands to lose a staggering $18 Billion in yearly sales revenue, according to Forrester research. And with $4 trillion worth of merchandise predicted to be abandoned in digital carts next year alone, cart abandonment has become a burning issue that eCommerce organizations can no longer afford to ignore.

The success of plant-based milk has laid the groundwork for major increases in sales of other plant-based dairy products, which are collectively approaching $2 billion. Across the store, plant-based food dollar sales are growing faster than those of many conventional animal products. In 2020, plant-based yogurt grew 20%, almost seven times the rate of conventional yogurt; plant-based cheese grew 42%, almost twice the rate of conventional cheese; and plant-based eggs grew 168%, almost 10 times the rate of conventional eggs. The plant-based egg category grew more than 700% from 2018, 100 times the rate of conventional eggs.

Point-of-sale data: GFI and PBFA commissioned total retail food sales data from SPINS, a wellness-focused data technology company, having refined the existing SPINS plant-based categories to reflect foods derived from plants that provide direct replacements for animal products (meat, seafood, dairy, and eggs). Inherently plant-based foods, such as chickpeas and kale, are not included. Due to the custom nature of these categories, the retail data presented in this report will not align with standard SPINS categories. SPINS obtained the data over the 52-week and 104-week periods ending December 27, 2020, from the SPINS Natural Enhanced and Conventional Multi Outlet (powered by IRI) grocery channels.

Saltwater angling generated $63 billion in sales across the economy in 2015, up 5 percent from 2014. Job impacts in the marine recreational fishing industry remained steady from 2014 at 439,000 jobs. Mississippi, Connecticut, South Carolina, Washington and Alaska had the greatest recreational fishing sector job growth in 2015.

Our analysis is rooted in the proven relationship between how local governments raise revenues and how these revenues rise and fall with economic conditions. For example, cities that generate the majority of their revenue from sales or income taxes have been hit hard as their budgets experience the immediate impacts of massive declines in jobs and consumer spending. For example, the city of Akron, Ohio, which is highly dependent on the income tax announced in March that it is furloughing one-third of its municipal workforce due to budget shortfalls.

Based on these relationships, we project that the portion of revenues for cities, towns and villages generated by sales and income taxes will have the largest relative fiscal impact on budget shortfalls, followed by revenues generated by fees and charges then property tax revenues. Since the share of local revenue generated by each stream varies greatly by state, so too does the sensitivity of local budgets to economic conditions. As a result, cities, towns and villages in Alabama, which rely primarily on sales tax revenue, have the most responsive fiscal structure to economic downturns, while those in Maine, relying primarily on property tax revenues, have the least.

Marrying local revenue responsiveness with the level of elevated unemployment rates provides a more complete picture of budget shortfalls for cities, towns and villages nationwide, as well as shortfall variations across the states. Collectively, our model estimates a 3.02% budget shortfall for each 1 percentage point increase in unemployment. With additional unemployment 7.2 percentage points above pre-pandemic levels, cities will face a shortfall of over $134 billion for 2020 alone, representing 21.6% of total own-source revenue. Extended out to 2022, cities, towns and villages can expect losses amounting to over $360 billion.

The Marijuana Sales Reports summarize total sales made by medical and retail marijuana stores monthly by county. The Marijuana Sales Report has monthly total sales for the state. The Marijuana Sales by County Report shows monthly sales by medical and retail marijuana stores by county.

According to the retail survey, for every $1 billion in sales, the average retailer incurs $165 million in merchandise returns. Additionally, it found that for every $100 in returned merchandise accepted, retailers lose $10.40 to return fraud.

For the first time since online data has been captured as part of the survey in 2019, online return rates are consistent with the overall rate of return. Online return rates decreased from 20.8% in 2021 to 16.5% in 2022. Online sales will account for approximately $1.29 trillion of total U.S. retail sales in 2022. Of the approximately $212 billion of returned online purchases, $22.8 billion (10.7%) will be deemed fraudulent.

In terms of holiday sales, retailers can expect to see an average of 17.9% of merchandise returned, equating to nearly $171 billion. Because of the increased sales volume during this time of year, nearly 44% of survey respondents indicated they planned to hire more staff to handle returns during the holiday season. Of that, most (71%) intend to add staff specifically for stores. e24fc04721