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 […]
The pandemic, which proved devastating to many businesses, had the opposite effect on the marijuana industry. Sales of both medical and recreational weed in 2020 toppled sales records in states like Colorado and Oregon, where sales have been legal for several years. New markets, like those in Illinois and Ohio, started off incredibly strong. They […]
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 […]
