Canadian operators destroyed millions of packages of unsold cannabis products and a record amount of unpackaged dried flower in 2022 and the first half of 2023, largely because of years of imbalance in supply and demand, MJBizDaily has learned.
THC potency – the higher, the better – is still the most important factor to consumers shopping for marijuana products, cannabis operators say, but secondary factors also are driving genetics trends at cultivation facilities across the United States.
Several of the nation’s largest cannabis companies have already mapped out their retail expansion plans in 2024, a consequence of licensing caps, limited new market opportunities and ongoing capital concerns.
With 23 state contracts for cannabis track-and-trace software, Metrc dominates the space. But operators question the need for the software.
MJBizDaily offers up seven predictions for the U.S. cannabis industry in 2024, including the rescheduling of marijuana.
From the launch of the New York market to potential federal rescheduling of marijuana, regulated operators have had quite a ride in 2023.
Here are eight predictions for trends that could most likely impact state-regulated marijuana markets in 2024.
