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.
Andrew Long
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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.
Average retail space in cannabis stores climbs sharply
The average size of retail space in cannabis stores jumped in 2020 amid increased consumer demand and the COVID-19 pandemic, rising 50% for medical dispensaries and 35% for recreational shops. Medical dispensaries averaged 3,357 square feet of retail space in 2020,...
The cannabinoid CBN might be cannabis industry’s surprise hit
While delta-8 THC is certainly stealing the spotlight, CBN might just be the sleeper cannabinoid of the summer - pun intended. Over the past year, cannabis companies have been leveraging the compound’s reputation as a sleep aid with growing success. [include_post...
Legal US cannabis sales could top $30 billion by 2022 thanks to continued growth, new markets
With new markets coming online and existing markets trending upward, legal cannabis sales in the U.S. are projected to surpass $30 billion in 2022, according to an updated long-term forecast by Seattle-based marijuana analytics firm Headset. This latest forecast...
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.
Cannabis job growth fueled by sales, new markets
Job growth in the cannabis industry will be fueled by sustained sales growth and the launch of new state markets, especially on the recreational side of the business. According to analysis from the 2021 MJBizFactbook, the marijuana industry will employ 340,000-415,000...
Fruit flavors attract consumers of THC-infused cannabis edibles
Fruit flavors dominate sales of THC-infused cannabis edibles, accounting for more than three-quarters of all edibles sales in five Western states: California, Colorado, Nevada, Oregon and Washington. Those sales were driven mostly by gummies, which account for more...
Sales of CBD-only products declining in recreational marijuana shops
Sales of CBD-only products at recreational marijuana retail outlets have been falling since 2018 in four Western states as more of these goods move into mainstream stores and online, according to an analysis of sales data from Seattle-based Headset.
