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 […]
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 […]
Imagine this: Doctor Evil, rubbing his hands together in gleeful delight, saying, “One BILLION dollars.” He could be talking about Illinois cannabis sales in 2020; the state hit a considerable number, logging over $1 billion in sales during the first year recreational cannabis sales were legal. Illinois state officials reported that the total doesn’t include […]
Weedmaps, founded in 2008 and profitable every single year, is going public via a deal that values the company at $1.5 billion (yes; with a ‘B’). According to a news release, WM Holding Co. will merge with blank-check acquisition firm Silver Spike Acquisition Corp. and get the coveted Nasdaq listing. The company expects to see […]
The pandemic has been rough on plenty of industries – hospitality, travel, retail . . . all have taken a considerable hit with various stay at home orders and essential business mandates. Meanwhile, the cannabis industry has experienced a boost, and the industry will most likely emerge stronger post-COVID. In other words, good news lies […]
