Business Analysis

Has Canada reached cannabis retail saturation? Not yet, data firm says

Canada’s cannabis industry has been sounding the alarm about oversaturation of retail stores, with the CEO of Sundial Growers warning of “massive store closures” and some stores closing or going up for sale in Ontario. The question of cannabis retail...

Marijuana multistate operators see sluggish revenue, losses in first quarter

Most of the largest U.S. marijuana multistate operators experienced revenue declines in the first quarter of 2022 versus the previous three months, reflecting seasonal factors, declining cannabis prices and inflationary pressures that could be curbing consumer spending. Of the...

Seven US marijuana CEOs saw compensation top $4 million in 2021

Top executives at the largest publicly traded U.S. marijuana companies each received up to $2.6 million in salary and bonuses in fiscal 2021, with stock and option awards boosting total individual compensation to as much as $16 million,...

Sales of infused pre-rolls light up Canadian cannabis market

Sales of specialty pre-rolls infused with cannabis concentrates have blossomed in Canada’s maturing adult-use marijuana market as consumers embrace the high-potency, ready-to-smoke format. The growth in infused pre-roll sales represents “the most significant growth of any segment within the...

Does Canada’s shrinking medical cannabis market offer lessons for other nations?

(This story has been updated to clarify information about the German medical cannabis market.) Canada’s regulated medical cannabis market has dwindled significantly from its peak, declining well before recreational marijuana legalization in October 2018 and continuing that downward trend...

Canadian adult-use cannabis sales jump nearly 18% in 2022, hitting CA$4.5 billion

Canada’s cannabis consumers spent 4.52 billion Canadian dollars ($3.35 billion) on regulated adult-use products in 2022, growing 17.9% over 2021’s sales total, according to new retail sales data released Tuesday by Statistics Canada. The year-over-year sales increase came as...

Germany imports record amount of marijuana, but growth slows

(This story is part of an occasional series on the international medical cannabis industry. The previous installment, on Denmark, is available here.) Germany imported a record amount of marijuana for medical and scientific use in 2022, according to fresh...

Cannabis industry will add $100 billion to US economy in 2023, MJBiz Factbook projects

The total U.S. economic impact generated by cannabis sales is expected to top $100 billion in 2023, up more than 12% from last year, according to a fresh analysis from the newly published MJBiz Factbook. Looking ahead, upward of...

Employee numbers up at some cannabis MSOs despite challenging conditions

News of widespread layoffs at cannabis companies across the United States has dominated headlines, but an analysis of employee counts at America’s largest multistate operators shows several actually grew their payrolls last year. The fact that employee payrolls were...

As Canadian medical cannabis slump continues, survey says cost an issue

The high cost of medical cannabis poses major obstacles for Canadian patients, even as recreational marijuana prices remain low, a new survey of thousands of Canadians suggests. The finding comes as a slump in consumer spending on regulated medical...
- Advertisement -

LATEST NEWS

MUST READ