Cannabis retailers increasingly discounting their products
U.S. and Canadian marijuana retailers are discounting their products more and more, forgoing billions of dollars in revenue since the launch of adult-use markets in recent years.
Articles by Andrew Long :
County politics could hamper Montana’s recreational cannabis market
County-level political battles could upend Montana’s newly launched recreational cannabis market, which is on track to generate $215 million or more in sales in 2022 during its first year of operation.
Michigan recreational marijuana sales double in 2021, lifting overall market
Michigan’s recreational marijuana sales doubled in 2021, the program’s sophomore year, fueling overall MJ sales and more than offsetting a decline in medical cannabis purchases.
5 charts that explain the cannabis industry’s unpredictable 2021
Political and pandemic upheavals made 2020 an exceptional year.
And the roller-coast ride failed to slow in 2021, marking a second straight year of extreme unpredictability for the cannabis industry.
Competition heats up among providers of marijuana point-of-sale software
More companies have entered the marijuana point-of-sale market in 2021 than in previous years, setting up the possibility of downward price pressures in the POS sector and consolidation among businesses that provide the software to retailers.
Adult-use cannabis sales slip from 2020 pace after lackluster summer
Adult-use cannabis sales in Western states haven’t been able to keep the pace that led to exceptional growth in 2020, with lackluster summer sales showing a decline in growth from the previous year.
Vermont’s focus on small marijuana growers could cause supply issues with adult-use rollout
Vermont estimates the state’s new adult-use marijuana market will top $220 million in annual sales by 2024.
But getting there might be a slog, once sales begin next year.
Looking to sell your marijuana company? Focus on profits first
Marijuana companies looking to sell their businesses should focus on profits first.
Medical marijuana patient numbers stall in New Hampshire, Rhode Island
Medical marijuana patient numbers in New Hampshire and Rhode Island have stalled recently as the recreational holdouts become surrounded by new adult-use markets.
