As demand for water increases and the supply remains limited, marijuana cultivators might need to change the way they think about and measure their use of this precious resource, according to a new report compiled by three organizations.
Andrew Long
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Genetic editing offers marijuana and hemp companies a way to improve plant strains
The development of new genetic-editing technology offers cannabis companies a cost-effective way to make specific changes to marijuana and hemp plants – such as more disease resistance – without creating a genetically modified organism (GMO).
Retail prices for recreational marijuana flower rise in response to record demand amid pandemic
The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state collectively grew...
Nevada’s cannabis industry lacks diversity, especially in ownership, survey shows
Nevada’s first official demographic survey of cannabis businesses shows that women and minorities account for a smaller percentage of the local marijuana industry versus their overall representation in the state – especially when it comes to ownership and management.
Cannabis basket-size data highlights differing consumer spending patterns across state markets
While U.S. cannabis markets might appear similar on the surface, each is driven by different consumer spending habits - and it is critical for marijuana manufacturers and retailers to understand these patterns as they develop and sell products for each state. Basket...
Arizona’s initial adult-use marijuana licensing leaves some cities underserved
Arizona might have opened adult-use marijuana sales last week, but the initial round of retail licenses, whether by design or not, leave some of the state’s most populated cities underserved. At the same time, the distribution of licenses has created a license boon...
Strong demand drives up Oregon’s wholesale cannabis prices in 2020
Increased consumer demand for cannabis in Oregon helped push wholesale prices in the state out of a three-year slump caused by overproduction. For the first time since 2017, the median price per pound of recreational marijuana sold by cultivators to retailers topped...
Are recreational marijuana sales in Illinois underperforming given the state’s large population?
While Illinois topped $1 billion in total cannabis sales in 2020 as consumers scooped up adult-use products, the new recreational marijuana market there might actually be underperforming when considering the state's large population. Illinois consumers purchased 14.5...
Arizona’s medical cannabis program slows as state gears up for recreational sales
As Arizona prepares to launch recreational marijuana sales in March, the state’s medical cannabis program is showing signs of a slowdown, with new patient applications dropping steadily since July.
20 charts that illustrate the 2020 marijuana market
From a market-altering pandemic to a historic election, 2020 was full of unprecedented challenges and opportunities for the marijuana industry. Throughout the year, Marijuana Business Daily shared these stories and provided context with...
Oklahoma leads nation in marijuana cultivation licenses issued in 2020
While California is widely touted as the largest legal cannabis market in the world, analysis of cultivation license data from Cannabiz Media shows that Oklahoma narrowly surpassed the West Coast state in issuing commercial growing permits this year. Oklahoma's...
Maine communities support adult-use marijuana businesses, divided on retail
Support for the adult-use marijuana industry in Maine is strong, especially cultivation, despite a divide over allowing retail shops in some municipalities. This comes at a time when cannabis has emerged as Maine's most valuable crop, overtaking more mainstream farm...
