Marijuana Industry Statistics, Data and Charts

Canadian cannabis extracts industry set to ‘explode this fall’

The marijuana extraction sector in Canada is still in “the early innings” and poised for significant growth after the federal government legalizes concentrates and edibles later this year, according to a market analyst. “What we like about extractors is that there is a long runway of growth ahead,” GMP Securities analyst Martin Landry told Marijuana […]

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Canadian cannabis wholesalers report CBD shortage, while imports lag far behind

Provincial wholesalers and medical patients in Canada report a shortfall of CBD products for the nonmedical and medical markets, and new data released to Marijuana Business Daily suggests imports aren’t enough to fill the gap. Cannabidiol in Canada can be sold to adults only via a provincially or territorially authorized cannabis retailer or directly by […]

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Chart: Low prices, lack of investment stifle cannabis growing capacity in Washington state

Many of Washington state’s recreational cannabis cultivators are using half or less of their licensed canopy, driven in part by low wholesale prices and a dearth of available capital investment, according to a report conducted by the state’s regulators. Over the course of a year, the Washington State Liquor and Cannabis Board (LCB) surveyed 1,155 […]

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Canadian medical cannabis exports tripled last year, as race for European market position intensifies

Exports of medical cannabis from Canada soared last year as the country’s biggest licensed cannabis companies continued to establish beachheads in new medical markets overseas. Shipments of dried cannabis tripled to 1,460 kilograms (3,219 pounds) in 2018, compared with 500 kilograms in 2017 and only 44 kilograms in 2016. Exports of medical cannabis oil doubled […]

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Australian medical marijuana revenues could hit AU$36 million in 2019

Australia’s medical cannabis market could surpass 15,000 patient application approvals by the end of this year, with industry revenues totaling roughly 36 million Australian dollars ($25 million), according to an analyst’s forecast. While both totals may seem low by North American standards, they represent “a decent start” for the country’s emerging medical cannabis industry, said […]

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Insurance-covered cannabis in Germany tops 70 million euros in 2018

Statutory health insurers in Germany covered 73.7 million euros ($83.7 million) worth of medical cannabis products in 2018, according to new data published by German health insurance agency GKV-Spitzenverband. Pharmacies in the country processed 185,370 prescriptions under the statutory program – which covers roughly 90% of the population – during the year. Private prescriptions are […]

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Canada’s dried cannabis supply builds as adult-use sales decline

The volume of dried adult-use cannabis sold in the regulated Canadian market fell in January while inventories continued to build, according to the latest data from Health Canada. In January, 5,330 kilograms of dried cannabis was sold through regulated channels across the country, down 4.5% from December 2018. Inventories of “finished” dried cannabis held by […]

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Chart of the Week: California marijuana business licenses expiring at a rapid clip

California’s cannabis industry is facing a licensing quandary, which state legislation likely will address, but the situation could still prove problematic for businesses that want to comply with the law instead of joining the illicit market. The problem: Thousands of temporary business licenses – under which most of the legal MJ supply chain has operated since […]

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Chart: Farmer and rancher perceptions of cannabis reflect nationwide acceptance

As cannabis becomes more mainstream, there’s increasing acceptance of growing and using the plant – even among conventional farmers and ranchers. In a recent Farm Journal survey, respondents said they were more comfortable with CBD and medical applications of cannabis than THC and recreational applications. Survey respondents also were more agreeable to growing than consuming […]

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