Think the cannabis industry is dominated by white business owners? It is, but perhaps not to the level many believe.
A Marijuana Business Daily survey found that 19% of respondents who launched a cannabis business and/or have an ownership stake in a marijuana company are racial minorities.
The survey, conducted Aug. 9-13, includes responses from 389 marijuana business owners and founders.
By Eli McVey
The percentage of minorities holding executive positions at cannabis businesses stands at 17%, according to a Marijuana Business Daily survey.
While many in the industry would like to see this number even higher, it’s greater than the average across all U.S. businesses as a whole.
By Eli McVey
Women own and/or founded roughly a quarter of all businesses in the cannabis sector, according to a survey by Marijuana Business Daily, putting the industry ahead of U.S. businesses as a whole in terms of female-run firms.
By Eli McVey
The percentage of women holding executive positions in cannabis businesses has fallen substantially over the past two years, according to a survey by Marijuana Business Daily.
But there’s some good news: It remains higher than the average across the larger U.S. business landscape.
By Eli McVey Sales of wholesale marijuana have skyrocketed in Alaska, driven by new cultivators coming online and existing growers expanding their production to alleviate a supply shortfall. The jump in sales comes as retailers and infused...
Marijuana Business Daily has launched a short survey to gather data and information from cannabis executives about important trends playing out in the marijuana industry today. Executives with dispensaries/retail stores, commercial cultivation...
By Eli McVey
In most sectors of the marijuana industry, roughly 50% of revenue-generating companies are either actively trying to raise capital or plan to this year, according to data in the newly released Marijuana Business Factbook 2017.
By Eli McVey In Denver and Seattle – two of the largest recreational marijuana markets in the nation – retail cannabis stores are concentrated in low-income neighborhoods throughout each city. A Marijuana Business Daily analysis of adult-use store locations and median...
By Eli McVey Medical marijuana dispensaries and recreational stores serve, on average, approximately 100 customers per day, according to data in the newly released Marijuana Business Factbook 2017. But this figure can vary widely based on the market each retailer...
By Eli McVey Wholesale marijuana prices in Nevada increased sharply around the July 1 rollout of the state’s new recreational program, a week in which businesses faced stronger-than-anticipated demand and supply shortages caused by hiccups in the distribution process....
By Eli McVey The lion's share of cannabis infused product makers have chosen to expand into multiple categories of goods rather than focus exclusively on a single segment such as edibles, concentrates or topicals. The diversification appears...
As Massachusetts lawmakers debate a compromise to the adult-use marijuana law voters passed last November, industry observers are concerned the proposed bill – and a potential doubling of the tax rate on recreational cannabis – may weaken consumer demand for legal MJ and in turn bolster the state’s black market.
