The development of new genetic-editing technology offers cannabis companies a cost-effective way to make specific changes to marijuana and hemp plants – such as more disease resistance – without creating a genetically modified organism (GMO…
Marijuana Industry Statistics, Data and Charts
Mainstream businesses are bracing for minimum-wage hike, but many cannabis firms already pay more
Half the states across the country have increased – or will raise – the minimum wage paid to hourly workers this year, but many cannabis businesses, including retailers, are unlikely to feel much of an impact. That’s because most say they a…
Oregon marijuana firms enjoy booming market fueled by pandemic, consumers shunning illicit suppliers
Oregon recreational marijuana companies are enjoyable favorable economics not seen in years, with demand outpacing supply spurred by the COVID-19 pandemic and more consumers moving away from the illicit market to the legal one.
Oregon marijuana firms e…
Retail prices for recreational marijuana flower rise in response to record demand amid pandemic
The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand. Retail flower prices in California, Colorado, Nevada and Washington state c…
Washington DC could see long-delayed start to recreational cannabis sales, new medical opportunities
Washington DC’s long-stalled recreational cannabis market could get a new lease on life now that Democrats control both chambers of Congress, a development that could generate more than $200 million in annual sales for local marijuana retailers i…
Cannabis topicals make big gains around Valentine’s Day; beverages, edibles see a bump, too
Topicals are a sliver of the overall cannabis market, but around Valentine’s Day, when many couples try to spice up their sex lives, the product category rides Cupid’s arrow to higher sales. Edibles and beverages enjoy increased sales, too, accor…
Prospects for adult-use cannabis legalization loom large in Connecticut
Connecticut’s heavily regulated medical cannabis market is expected to post a respectable 15% increase in sales this year, but it’s the prospect of adult-use legalization and a nearly $750 million market that has multistate operators rubbing their hand…
Nevada’s cannabis industry lacks diversity, especially in ownership, survey shows
Nevada’s first official demographic survey of cannabis businesses shows that women and minorities account for a smaller percentage of the local marijuana industry versus their overall representation in the state – especially when it comes t…
Australia to ‘significantly reduce’ regulatory burden for cannabis industry
Australia has proposed amendments to the Narcotic Drugs Act that would overhaul the medical marijuana industry by streamlining the licensing process for businesses and assure access for patients. Rhys Cohen, editor-at-large for the Australian publicati…
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.
Marijuana concentrate sal…