Cannabis-infused beverage sales up 40%, helped by consumers seeking convenient products
Sales of cannabis-infused beverages are up 40% from a year ago as companies bank on new consumers to the marijuana market finding THC and CBD drinks familiar and convenient.
Michigan loosens eligibility demands for recreational cannabis licenses
Michigan’s recreational cannabis market will open up to new competition beginning March 1, when applicants for multiple classes of adult-use marijuana licenses will no longer require an active medical MJ permit to be eligible.
Sales of cannabis pre-rolls up nearly 50% in 2020 despite pandemic
Marijuana pre-rolls are the second-fastest growing product category year-over-year despite conventional wisdom that the often-shared product would suffer during a global pandemic caused by a respiratory-related virus.
Marijuana concentrate sales up 40% as more consumers turn to the product category
Cannabis concentrates are gaining a larger share of the overall market and increasing in price as consumers become more comfortable with the intricate process of dabbing and technology makes consumption of the products easier.