Hawaii’s fledgling medical marijuana reciprocity program has the potential to boost sales at local dispensaries given that several million domestic tourists visit the state each year, but the program has experienced a slow start since its launch.
Last week wasn’t the busiest for completed M&A deals in the cannabis industry, but some notable transactions were concluded – including one involving a well-established multistate operator (MSO) and another a relatively new but fast-emerging player on the scene.
While the hot streak of capital raises may have cooled slightly in recent weeks, the North American cannabis industry is still far outpacing last year in terms of overall money raised.
Makers of cannabis products are more likely to turn a profit if they offer merchandise across multiple categories – but that profitability declines if a manufacturer produces too many types of goods.
Retail data reveals sales spikes in several marijuana categories over Mother’s Day and Father’s Day weekends, highlighting differences in gender-based cannabis gift-giving in states that have legalized adult use.
While many of the trends in cannabis have held steady for the first part of 2019, a new one that’s emerging is more merger and acquisition activity centering around the United States rather than Canada.
The number of financial institutions actively banking marijuana-related businesses in the United States is rising, but the true number is far fewer than U.S. Treasury data indicates, according to one industry executive.
Investments into the Infused Products and Extracts sector have nearly tripled in 2019, making it one of the fastest growing areas for raising cannabis capital.
The number of full-time cannabis employees in the United States is expected to grow 34% in 2019 over the previous year, with the potential to top 200,000 workers.
After six full months of operations, Massachusetts adult-use marijuana sales continue to rise, with aggregate sales approaching $140 million through the last week in May.
Capital raises in the North American cannabis industry continued their rapid year-over-year climb the last two weeks, raising the second-largest amount of debt for the industry so far this year.
The cannabis cultivation and retail sector has become increasingly crowded and competitive, but successful operators can still make themselves attractive acquisition targets.
