Commercial-scale cultivation operations are beginning to emerge in California’s newly legal marijuana industry, despite regulations meant to curtail their presence, with 20% of cultivation licenses held by just 12 licensees.
Eli McVey
Eli McVey's Latest Posts
Chart: Timeline for launch, projected sales in seven new marijuana markets
More than 60% of the U.S. population now lives in states that have legalized some form of marijuana use and sales, illustrating both the rising acceptance of cannabis nationwide and the industry’s immense potential for future growth. Several medical marijuana and...
Chart: Cannabis industry supports up to 160,000 full-time jobs, with more growth on horizon
Here's a striking figure for the nascent cannabis industry that only recently began to operate legitimately: It supports 125,000-160,000 full-time jobs in the United States. To put that in perspective, the marijuana industry now supports approximately the same numbers...
Chart: US marijuana industry’s economic impact could hit $80 billion by 2022
The U.S cannabis industry could pump nearly $80 billion on an annual basis into the county’s economy by 2022, a staggering figure that highlights the true reach of the marijuana industry.
Chart: Colorado recreational marijuana sales boom in month of March
Recreational marijuana sales in Colorado eclipsed $105 million in March 2018, the highest monthly total for adult-use sales in the program’s history.
Chart: Putting the $55 billion US retail cannabis market in perspective
With revenue of $5.8 billion-$6.6 billion, sales of legal recreational and medical cannabis in the United States in 2017 topped those of Oreos and organic produce combined. The data - published in the newly released Marijuana Business Factbook - illustrates how...
Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022
Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year - a nearly 50% increase from 2017 - and rise as high as $22 billion by 2022. That's according to exclusive projections from the 2018 edition of...
Chart: Medical marijuana patient counts, sales tumble in Maine
With adult-use sales still at least a year out in Maine, the gray market for cannabis is burgeoning – largely at the expense of the state’s regulated medical marijuana industry.
Chart: US hemp production soars in 2017
Rising acceptance for hemp and CBD - combined with easing regulations at the state level - caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% - while the...
Chart: New Mexico’s medical marijuana program breaking records despite bureaucratic inaction
New Mexico’s medical marijuana program continues to grow despite a lack of enthusiasm for medical cannabis among top state officials. From December 2016 to December 2017, nearly 18,000 new patients enrolled in New Mexico’s MMJ program - a 61%...
Chart: Tourism drives hot start to recreational marijuana sales in Nevada, but where’s the ceiling?
Nevada retailers sold nearly $200 million worth of recreational cannabis since adult-use sales began six months ago, surpassing the total revenue generated by Colorado and Washington state in the early months of their recreational markets.
Chart: Canada fueling explosive growth in global marijuana industry funding
Investment activity in the cannabis industry has been increasing for several years, but 2018 is on pace to shatter previous records, as global financing in marijuana-related businesses topped $1.4 billion just six weeks into the New Year. [include_post...
