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Eli McVey

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.

Chart: US cannabis industry’s economic impact could hit $130 billion by 2024

American marijuana businesses could pump up to $130 billion on an annual basis into the U.S. economy by 2024, a staggering figure that highlights the true reach of the nation’s cannabis industry. Estimates published in the newly released Marijuana Business Factbook show the total economic impact of legal cannabis sales increasing from $38 billion-$46 billion […]

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Chart: Retail cannabis sales surpass NBA revenue, approach prescription pain meds

With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total marijuana sales now exceed the National Basketball Association’s annual U.S. revenue and, by 2024, could surpass Americans’ annual spending on craft beer. The data – […]

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Chart: Tepid adult-use cannabis sales in Massachusetts for first week of reopening

Recreational marijuana stores reopened in Massachusetts in late May after a state-mandated, two-month shutdown in response to the coronavirus, but sales during the first week were lukewarm. Retailers across the state generated $13.6 million for the week of May 25, up about 60% from the same week in 2019. By comparison, through the first 12 […]

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Chart: Adult-use marijuana sales show resiliency in May, despite pandemic

More than 2½ months into the coronavirus pandemic, cannabis sales in five of the nations’ largest recreational markets are a mixed bag. But sharp sales increases in Oregon and Washington state – two mature adult-use markets driven by demand from in-state residents rather than tourists – suggest that marijuana consumption is rising during the COVID-19 […]

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Chart: Florida’s medical cannabis market booms despite pandemic, US economic woes

Despite the ongoing coronavirus crisis, Florida’s medical marijuana industry continues to surge, with sales remaining well above pre-pandemic levels. Demand for medical marijuana is at an all-time high, providing yet another example of the durability of cannabis demand in times of economic distress. Over the first 10 weeks of 2020, dispensaries in Florida sold an […]

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Chart: North Dakota’s medical marijuana program gathers steam, but challenges remain

After a slow start, North Dakota’s budding medical marijuana industry appears to be finding its footing. Limited access to MMJ, the temporary closure of a dispensary in the state’s most populous city and general complications from the coronavirus pandemic still present hurdles to medical cannabis operators, however. Nearly 15 months after sales began in March […]

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Chart: Medical marijuana sales, patient counts hold steady in Maryland

Maryland’s medical cannabis market remains one of the strongest in the United States, with the robust sales and patient increases of 2019 persisting into a tumultuous 2020. Sales in Maryland hit $252 million in 2019, up from $109 million in 2018. Through March 2020, medical marijuana sales in the state eclipsed $91 million, an increase […]

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