The average price per milligram of THC in infused cannabis products such as beverages and edibles has declined steadily since January 2020, a likely sign of increased competition as marijuana markets mature.
Andrew Long
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Cannabis cultivators again facing severe wildfire season
Historic drought conditions again will bring the threat of extreme wildfires to U.S. cannabis growers, especially those in Western states. Wildfires and the ash and smoke created by them are becoming a bigger threat to life and property as average temperatures rise...
Marijuana industry expected to add $92 billion to US economy in 2021
From jobs to tax revenue to commercial real estate, the marijuana industry has a large - and growing - impact on the broader economy in the United States. The total U.S. economic impact from marijuana sales in 2021 is expected to reach $92 billion - up more than 30%...
Recreational marijuana states see population growth but loss of US House seat
The population in the 17 states where recreational cannabis is legal, as well as Washington DC, continued to grow over the past decade, a good sign for those markets in terms of potential marijuana consumers. But overall U.S. population growth has slowed to...
Branding pays off for marijuana companies
As the recreational marijuana industry expands and matures, branding will be a vital strategy for companies vying for market share.
Three takeaways from 4/20 cannabis sales data
As cannabis businesses settle in to watch 4/20 marketing plans unfurl on what is typically the biggest sales day of the year, here are three things the sales data tells us: The week before the 4/20 marijuana holiday is mediocre, and the week...
Sales of marijuana products continue to grow in first quarter as some categories perform better than others
Sales of adult-use marijuana products continued to grow in the first quarter of 2021 versus the same period last year with some categories such as beverages posting particularly strong gains.
With more women buying cannabis, product demand could change
More women are buying cannabis, which could lead to shifts in product demand. Women still make up a minority of adult-use marijuana purchasers - 33.6% in February - but that's increased almost a full percentage point from 2020. While that...
Adult-use marijuana basket composition highlights consumer buying trends in 2020
Many adult-use marijuana shoppers would rather stick with one type of product, such as flower or vape pens, when at the store than bring home a variety of cannabis goods, according to an analysis of customer basket compositions from 2020. Understanding the buying...
Marijuana consumers return to pre-pandemic shopping hours, favoring evenings versus the daytime
As the COVID-19 pandemic disrupted work, school and life schedules, it also caused marijuana buyers to change when they shopped, shifting from the evening hours to the daytime. A year later that pattern is returning to normal, with more shoppers visiting cannabis...
Arizona adult-use cannabis sales hit $2.9 million during initial 10 days
Adult-use cannabis sales in Arizona reached $2.9 million in the first 10 days that sales were permitted, according to figures released by the state.
Oklahoma’s medical cannabis dispensary licenses decline for the first time
Retail licenses for Oklahoma’s medical cannabis program declined 8% in 2020, the first contraction for the open-license market since MMJ sales began in 2018. Despite surging sales and patient numbers, Oklahoma ended 2020 with 181 fewer retail licenses than it did in...
