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 […]Read More
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 […]Read More
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 […]Read More
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 […]Read More
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.Read More
The number of licensed recreational cannabis stores in California is far short of what’s needed to adequately supply the market, as licensing logjams at the local level constrain establishment of operations in large portions of the state.
It’s yet another issue hampering the rollout of California’s recreational marijuana industry, which has experienced lower-than-expected tax revenue and a flourishing black market.Read More
The number of medical marijuana patients in Canada skyrocketed in recent months, and patterns of consumption are evolving as the market grows. The latest data from Health Canada shows patient counts in the country reached nearly 300,000 in March, up from 175,000 in April 2017 – a 70% increase. Further data from the government – […]Read More
Colorado’s retail marijuana sector has seen more consolidation as it’s matured, but relative to more established industries, it remains a highly competitive and open market. It’s a reminder that the dust has yet to settle in the nation’s most developed legal marijuana market – and there will likely be far more consolidation in the years ahead. […]Read More
New York’s medical marijuana program is adding patients at a speedy clip, and the recent approval of MMJ as an alternative to opioids has the potential to give sales in the state a substantial boost. Over the past 12 months, nearly 37,000 patients were added to New York’s MMJ program, a 128% increase. The gains […]Read More
Defying trends in other recreational markets across the United States, wholesale cannabis prices in Nevada continue to rise a year after adult-use sales began.
Looking ahead, there are few signs prices will fall anytime soon.Read More
Maryland’s medical marijuana market is off to a hot start – a welcome development for a program that took more than four years to get off the ground.Read More
Medical marijuana programs in states that went on to legalize adult-use cannabis are suffering.
Data from MMJ programs in Colorado, Oregon and Nevada – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – shows patient counts steadily declining in the months and years following the launch of each state’s adult-use market.Read More
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