Florida is on the cusp of adult recreational use marijuana legalization. Cusp doesn’t begin to describe the sheer potential a recreational marketplace has in the Sunshine State. The state currently has a framework to support the current number of 22 Medical Marijuana Treatment Centers (MMTC), expanding their own operations via vertically integrated licensing. The state’s […]
New Jersey is jumping aboard the cannabis train. Voters in the state recently legalized adult-use; anticipated annual sales are expected to top a billion dollars by 2024. Whether or not this development will push other neighboring states, like Maryland and Virginia, to legalize recreational cannabis remains to be determined. Still, marijuana advocacy groups like the […]
The pre-roll. Simple. Effective. This isn’t your average joint. The pre-roll, otherwise known as a professionally rolled marijuana cigarette, has seen a jump in popularity. Sales of pre-rolls were up 50% in 2020. If you thought covid-pandemic precautions would dampen pre-roll demand, you were wrong. In fact, pre-rolls were the second-fastest-growing product category. Flower was […]
They’ve risen, then crashed, and they have risen again. I’m not talking about Jesus. I’m talking about the co-founders of MedMen. After getting booted from their leadership positions last year in a move discussed extensively around the industry, former MedMen CEO Adam Bierman, and former company president Andrew Modlin, have re-emerged. This time, they’re working […]
Talk about flower power. Since COVID officially became a thing, there’s been unrelenting, unprecedented demand for cannabis flower in California, Colorado, Nevada and Washington. The corresponding retail prices for flower have jumped too. Retail data provided by Headset, a cannabis analytics company in Seattle, revealed that retail flower prices in those four Western states grew […]
What do greeting card companies, chocolatiers, and weed have in common? They’re all competing for Valentine’s Day sales, and cannabis is starting to make a noticeable splash in the space. Need proof? Headset, the Seattle-based data analytics firm, has tallied the sales numbers. The information is telling; topicals, edibles, and infused marijuana product sales go […]
Moon rocks. Oil. Rosin. Live resin. Shatter. Sugar. Terp sauce. Wax. Kief. Budder. Distillate. Crumble. These are just a sampling of the products that make up the concentrate market. The vaping health scare of 2019 has been a boom for concentrate sales. Sales of concentrates, which deliver a strong THC dose compared to other products, […]
The downward trend in all things vape kicked off in 2019 and hasn’t picked up since. Despite the downturn, there are signs that a product rebound is on the horizon. The good news? Growth is happening again. The Seattle-based data analytic firm Headset reported that in California, Colorado, Nevada, Oregon, and Washington, vape sales jumped […]
When a market explodes from 300,000 customers to up to 6 million customers for any industry, the result is a supply chain shake-up. For a brand-new industry, the effect is more profound. Arizona, which had a medical marijuana program, recently launched adult-use, recreational sales. The state has the fastest launch to date in history. Initial […]
Cannabis continues to grow at a record pace. As the public continues to support legalization across the country, those numbers are sure to continue in an upward trajectory. A report from New Frontier Data expects that, from 2019 to 2025, the U.S. cannabis industry will increase by a compound annual rate of 21%. This means […]
