How will inflation impact cannabis retail + two deals that illustrate industry change
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Can cannabis retail survive inflation?
While wholesale cannabis prices have been going up – sometimes as much as 30%,...
New York cannabis retail opportunities take shape after opt-out deadline passes
Although roughly half of New York’s municipal governments opted out of permitting recreational cannabis stores before a Dec. 31 deadline, those opt-outs aren’t set in stone.
That means new adult-use retail opportunities could still open up in the nation’s...
Canadian cannabis retail prices declined in 2021, led by vapes, concentrates
Retail prices for Canadian recreational cannabis products fell across the board in 2021, as retailers and producers sold them for less to entice price-sensitive consumers and capture market share.
The 2021 market data from Seattle-based cannabis data analytics firm...
Michigan recreational marijuana sales double in 2021, lifting overall market
Michigan’s recreational marijuana sales doubled in 2021, the program’s sophomore year, fueling overall MJ sales and more than offsetting a decline in medical cannabis purchases.
The rapid growth in the past two years, driven by strong demand, has vaulted...
Marijuana vapes, pre-rolls popular among US consumers seeking potency, innovation
Vape pens and pre-rolls continue to grow in popularity among U.S. marijuana consumers seeking out more potent products, as well as those excited about innovations in each category.
Vapor pens were the second-largest category by revenue behind flower in...
Canadian cannabis retail sales shrank to CA$347.2 million in January
The MJBizCon team is now accepting 2023 Social Equity Scholarship Program applications.
The mission of this program is to provide social equity cannabis license holders or applicants access to the #1 global cannabis industry conference + tradeshow in Las...
New Mexico cannabis firms prep for Texan shopping spree as adult-use sales launch
Cannabis businesses in eastern and southern New Mexico are counting on a stampede of Texans to supersize their sales when the state’s adult-use marijuana market launches Friday, but that opportunity might not last forever.
Those preparing for the surge...
Canadian cannabis vape sales growth continues as consumer preferences evolve
Canadian sales of cannabis vape products continued to build from 2020 to 2021, with dollar sales up 79% and unit volume sales growing 100%, according to market data from Seattle-based cannabis data firm Headset.
The growth in vape market...
Marijuana industry will add nearly $100 billion to US economy in 2022
When considering whether to approve a regulated marijuana industry, advocates often tout the broader economic benefits of the additional tax revenue created.
But the beneficial impact exceeds just tax dollars.
The total U.S. economic impact from marijuana sales in 2022...
Canadian pre-rolls still No. 2 cannabis category, outpacing total market sales growth
Canadian sales of legal cannabis pre-rolls nearly doubled between 2020 and 2021, outstripping total marijuana market growth as convenience-seeking consumers increased spending on the ready-to-smoke form factor, according to data from Seattle-based cannabis-analytics company Headset.
Consumers have established clear...