With revenue of $8.6 billion-$10 billion, 2018 sales of legal recreational and medical cannabis in the United States topped spending on e-cigarettes, the Fortnite video game and Goldfish crackers combined. The data – published in the 2019 edition of the Marijuana Business Factbook – highlights how quickly the legal U.S. marijuana industry has grown. It now […]Read More
Eli has been a data-driven researcher throughout his career. He previously worked as an analyst for Nielsen, where he provided analysis to Nielsen’s retail clients for use in pricing, promotion and assortment decisions. He’s also been a consultant for data companies in the cannabis industry. Eli now employs his analytical expertise for Marijuana Business Daily.
Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $12 billion by the end of 2019 – an increase of roughly 35% over 2018 – and could rise as high as $30 billion by 2023.Read More
Two-thirds of California municipalities prohibit marijuana businesses from setting up shop, underscoring the hurdles MJ entrepreneurs face in trying to break into the world’s largest legal cannabis market. Only 161 of California’s 482 municipalities and 24 of the 58 counties have opted to allow commercial cannabis activity of any sort, according to data from CannaRegs, […]Read More
Marijuana Business Daily has launched its seventh annual survey of cannabis industry executives and investors, an undertaking that’s intended to help the Colorado-based company provide key market, financial and operational data for businesses and entrepreneurs. Owners, founders and executives with dispensaries/retail stores, commercial cultivation operations, infused product manufacturers, vertically integrated businesses, testing labs and ancillary firms, […]Read More
Several major hurdles undermining hemp cultivators’ ability to run successful, profitable businesses are set to crumble once President Donald Trump signs the 2018 Farm Bill. Challenges such as finding processors or accessing banking services – problems attributable to the patchwork of state laws and regulations that have so far underpinned the industry – will be […]Read More
The financial viability of Iowa’s newly launched medical marijuana program may be in question due to: High licensing fees. A restrictive list of qualifying conditions. Limited buy-in from patients and physicians. Widespread confusion about product availability. While Iowa is considered by many to be a CBD-only state, the launch of MMJ sales through licensed dispensaries […]Read More
While outdoor grows abound in California’s adult-use market, the state’s supply of recreational cannabis is dominated by indoor and greenhouse producers in Santa Barbara and Humboldt counties.Read More
More than a quarter of Oregon’s outdoor recreational marijuana producers had deficiencies or potential compliance violations in their harvest processes, according to the results of Operation Good Harvest – the state’s effort to observe and inspect the 2018 outdoor cannabis harvest. Of the 354 licensed outdoor recreational grow sites inspected by the Oregon Liquor Control […]Read More
MJBizCon, which is hosted by Marijuana Business Daily, continues to smash attendance records amid strong, ongoing growth in the cannabis industry, solidifying its position as one of the fastest-growing trade shows in the nation.
This year’s conference attracted more than 27,000 cannabis professionals to the Las Vegas Convention Center, a record for the event and the marijuana industry.Read More
Colorado’s adult-use marijuana market continues to surge nearly five years after the launch of recreational sales in the state. Through August 2018 – the most recent data available from the Colorado Department of Revenue – recreational marijuana sales topped $800 million and the state is on pace to surpass $1.2 billion by the end of […]Read More
Voters in Utah and Missouri will go to the polls Tuesday to decide on legalizing marijuana in their states for the first time, while ballot initiatives in Michigan and North Dakota – if successful – would increase the percentage of the U.S. population living in a state with recreational marijuana to 25%. If passed, these […]Read More
Wholesale cannabis prices in recreational markets across the United States have fallen precipitously compared to last year, while prices in major medical markets are proving more resilient. According to figures provided by Cannabis Benchmarks, a Connecticut-based provider of wholesale marijuana pricing data, wholesale cannabis prices in Oregon and Washington state are down more than 50% […]Read More
- June 4, 2019
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