Washington state cannabis stores continue to face pricing pressures long after the introduction of a new tax structure sent markups plunging, reflecting an increasingly competitive business environment.
Wholesale prices of medical and recreational cannabis fell precipitously in Colorado last year, highlighting the difficulties faced by cultivators looking to maintain their profit margins in one of the nation’s most mature marijuana markets.
Marijuana proved to be about as popular as Donald Trump in red states that voted on cannabis ballot initiatives in November, highlighting the potential for a political backlash if the incoming president looks to crack down on the MJ industry.
Nearly 20% of cannabis companies are changing up their growth plans for next year based on the election of Donald Trump, with some scaling back or delaying projects and others accelerating or even expanding them, according to a Marijuana Business Daily survey of industry executives.
Over half of executives in the cannabis industry are worried about their business prospects under a Trump administration, with 30% saying they are “very concerned,” according to a poll by Marijuana Business Daily.
Celebrity-branded marijuana strains are commanding a premium in recreational markets by capitalizing on name recognition and sophisticated branding.
The average markup of a celebrity-branded strain versus its unbranded counterpart is approximately 24%, which often equates to $5-$10 more per eighth, according to an analysis by Marijuana Business Daily.
Nearly 60% of the U.S. population now lives in states that have legalized some form of marijuana use and sales, illustrating the rising acceptance of cannabis nationwide and highlighting the industry’s immense potential for future growth.