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Articles by Eli McVey :
Chart: Dominant player emerging for state cannabis seed-to-sale tracking contracts
Businesses that provide seed-to-sale tracking systems to the marijuana industry operate in an intensely competitive environment, but one company appears to be pulling away from the pack with its recent contract victories.
Franwell – the Florida manufacturer of the regulatory compliance system known as Metrc – has won contracts with more than half the markets that require cannabis businesses to use a specific seed-to-sale traceability system.
Chart: Number of California licensed recreational marijuana stores falls short
The number of licensed recreational cannabis stores in California is far short of what’s needed to adequately supply the market, as licensing logjams at the local level constrain establishment of operations in large portions of the state.
It’s yet another issue hampering the rollout of California’s recreational marijuana industry, which has experienced lower-than-expected tax revenue and a flourishing black market.
Chart: How much consolidation awaits Colorado’s retail marijuana market?
Colorado’s retail marijuana sector has seen more consolidation as it’s matured, but relative to more established industries, it remains a highly competitive and open market.
Chart: Wholesale marijuana prices on the upswing in Nevada amid growing demand
Defying trends in other recreational markets across the United States, wholesale cannabis prices in Nevada continue to rise a year after adult-use sales began.
Looking ahead, there are few signs prices will fall anytime soon.
Chart: Maryland medical marijuana sales head toward $100 million in first year
Maryland’s medical marijuana market is off to a hot start – a welcome development for a program that took more than four years to get off the ground.
Chart: Can medical marijuana programs survive in states with recreational markets?
Medical marijuana programs in states that went on to legalize adult-use cannabis are suffering.
Data from MMJ programs in Colorado, Oregon and Nevada – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – shows patient counts steadily declining in the months and years following the launch of each state’s adult-use market.
Chart: No end in sight for Florida’s rapid medical marijuana growth
Florida’s medical cannabis industry is already growing at a brisk pace, and changes to the program could accelerate growth even further.