Eli McVey

Chart: Significant challenges await Iowa’s new medical cannabis program

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 […]

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Chart: Dozens of marijuana licenses at risk after Oregon inspections

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 […]

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Chart: Another record-setting year for MJBizCon mirrors massive marijuana business potential

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.

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Chart: Declines in wholesale prices hammer major recreational cannabis markets

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% […]

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Chart: Canadian cannabis companies’ market caps rise into the 11 figures

Limited supply and red-hot demand for investment opportunities in Canada’s marijuana industry have caused stock prices and market capitalizations for cannabis companies to surge ahead of legal adult-use sales later this month. Market capitalizations of some of these companies in the Great White North now rival – or have even eclipsed – those of more […]

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Chart: Fiercely competitive medical cannabis industry emerging in Oklahoma

Oklahoma’s medical marijuana industry is shaping up to be one of the most unique MMJ markets in the nation, with a large number of players vying for attention. Just three months after voters approved State Question 788 – a ballot initiative legalizing medical marijuana in Oklahoma – regulators have awarded more than 1,100 business licenses […]

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Chart: Strong support for marijuana legalization ballot initiatives ahead of 2018 election

This has the possibility to be another banner year for the cannabis legalization movement, with up to six states potentially legalizing some form of cannabis by the end of 2018. Vermont and Oklahoma already passed legalization measures earlier in the year, for recreational and medical marijuana, respectively. Meanwhile, advocates in Missouri and Utah gathered enough […]

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Chart: Alaska’s recreational cannabis market strong, but seasonal sales swings a challenge for MJ businesses

Alaska’s summer tourism season has produced the strongest months on record for wholesale marijuana sales, but MJ businesses are still adapting to the cyclical nature of the state’s adult-use market. The state’s cultivators sold nearly 2,500 pounds of flower and trim to retailers and infused product manufacturers in July – an increase of 7% from […]

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Chart: Dominant player emerging for state cannabis seed-to-sale tracking contracts

Businesses that provide seed-to-sale tracking systems to the marijuana industry operate in an intensely competitive environment, but one company appears to be pulling away from the pack with its recent contract victories.

Franwell – the Florida manufacturer of the regulatory compliance system known as Metrc – has won contracts with more than half the markets that require cannabis businesses to use a specific seed-to-sale traceability system.

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