Sales of recreational marijuana in Colorado continued to climb during the summer months, even while tourism revenue tumbled more than 50% because of the coronavirus pandemic. The state has lost more than $8 billion in tourism spending since March, acco…
Marijuana Industry Statistics, Data and Charts
Wholesale marijuana, hemp oil prices fall nationwide amid growing supply of raw material
Wholesale prices of marijuana and hemp oil have fallen from a year ago, according to industry executives, reflecting rising oil production nationwide that has more than offset an uptick in cannabis sales amid the coronavirus pandemic. The drop in whole…
Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles
Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. Marijuana multistate operators are well-positioned to th…
Grow-your-own cannabis businesses in Canada enjoy record sales, too
Wednesday, Nov. 11, will be all things Canadian cannabis at MJBizCon’s Passholder Days. Topics range from the role of small producers to global opportunities for Canadian companies, among others. More information is available here. Cannabis stores and …
Getting to know the five new cannabis markets that voters have legalized
The legalization ballot measures that voters approved on Election Day will open new cannabis markets in five U.S. states that have a combined population of about 21.2 million people.
Getting to know the five new cannabis markets that voters have legali…
Germany’s medical cannabis flower market shows signs of cooling
Germany imported 1,759 kilograms (3,878 pounds) of medical cannabis flower for pharmacy dispensing during the third quarter of 2020, new data from the Federal Institute for Drugs and Medical Devices (BfArM) shows. This represents a 28% decrease over th…
US marijuana reform leaders lower post-election expectations, including legalization hopes
In the wake of yet another surprising electoral outcome – in which national Republicans are now favored to retain control of the U.S. Senate – national marijuana reform organizations are weighing their prospects for the next Congress. The c…
Voters in NJ, Arizona, three other states legalize potential $2.5 billion-plus marijuana markets
The marijuana industry appeared headed for a clean sweep on Election Day, with voters approving new markets in Arizona, Mississippi, Montana, New Jersey and South Dakota that could generate more than $2.5 billion in medical and recreational cannabis sa…
Polls suggest good chance of success for state cannabis ballot measures
The outlook for marijuana legalization efforts in five states looks positive as voters head to the polls Tuesday, closing out an unusual election season that produced unprecedented early voting and record-setting turnout.
Polls suggest good chance of s…
Germany firmly rejects recreational marijuana legalization bill as hope fades for reform
The German federal parliament rejected a bill to legalize a “strictly controlled” adult-use cannabis market, dealing a major setback to recreational marijuana reform efforts in that country. The rejection came despite the fact that a majori…