Recreational marijuana sales in Colorado eclipsed $105 million in March 2018, the highest monthly total for adult-use sales in the program’s history. The record-breaking month is part of a broader, seasonal trend playing out in Colorado’s rec market, where sales have consistently spiked in early spring, midsummer and around holidays. Seasonal sales trends are common […]Read More
With revenue of $5.8 billion-$6.6 billion, sales of legal recreational and medical cannabis in the United States in 2017 topped those of Oreos and organic produce combined. The data – published in the newly released Marijuana Business Factbook – illustrates how quickly the legal U.S. marijuana industry has grown. It now rivals Americans’ collective spending on […]Read More
Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year – a nearly 50% increase from 2017 – and rise as high as $22 billion by 2022. That’s according to exclusive projections from the 2018 edition of the Marijuana Business Factbook released Wednesday at the […]Read More
Connecticut isn’t the biggest medical marijuana market in the United States, but like plenty others, it’s experiencing massive growth. In just the past 12 months, the state’s registered MMJ patient count has shot up 46%. The number of registered medical cannabis patients has gone from 17,769 in April 2017 to 25,855 in April 2018, a […]Read More
There weren’t any big expectations for Montana’s medical marijuana market when it was relaunched at the end of 2017, but patient numbers in the Big Sky state have skyrocketed and the state’s dispensaries are winners. Patient numbers have nearly doubled since March 2017, when there were 12,890 registered patients in the state, to 25,725 in […]Read More
The unofficial marijuana holiday of April 20 – known to cannabis enthusiasts as 4/20 – annually brings a big boost in sales for retailers across the industry – and pressure to live up to customer expectations, both for great deals and good times. “It’s almost like Black Friday, where people are waiting at the door […]Read More
Minnesota has been among the most restrictive medical marijuana markets in the United States for years, with only two licensed producers serving all registered MMJ patients, a ban on edibles and cannabis flower and a narrow qualifying conditions list. Those factors add up to a small patient pool and questions about whether Minnesota’s two vertically […]Read More
Exports of medical cannabis oil from Canada had a breakout year in 2017 – and executives say it is just the start for a massive new overseas market.
Medical cannabis exports in oil form rose 300% from 2016 levels, according to data shared with Marijuana Business Daily by Health Canada. Analysts expect this trend to continue as countries legalizing medical cannabis look to imports to meet demand in lieu of domestic cultivation.Read More
Nearly 1,000 individual cannabis businesses have been sent cease-and-desist letters or emails by California regulators during an ongoing enforcement process, a first step in a long effort to ensure the state’s industry is fully regulated and operating like those in more mature markets. According to a list obtained by Marijuana Business Daily, as of April 4, […]Read More
With adult-use sales still at least a year out in Maine, the gray market for cannabis is burgeoning – largely at the expense of the state’s regulated medical marijuana industry. Sales of MMJ through Maine’s eight licensed dispensaries fell by over $2 million in 2017 – a 9% decline – on the back of an […]Read More
Canadian licensed producers are exporting a record amount of medical cannabis in their drive to establish toeholds in burgeoning overseas markets.
Shipments of dried medical marijuana have soared since 2015, according to data shared with Marijuana Business Daily by Health Canada.
Just over 522 kilograms of dried cannabis was exported to four countries last year, more than 10 times the 44.8 kilograms shipped abroad in 2016.Read More
Rising acceptance for hemp and CBD – combined with easing regulations at the state level – caused U.S. hemp production to surge in 2017. From 2016 to 2017, the number of acres licensed for hemp cultivation in the top 10 hemp-growing states grew by 140% – while the number of hemp producers doubled over the same […]Read More
- July 16, 2018
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