Author: Johnny Green
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How Do Cannabis Industry Loan Default Rates Compare To Mainstream Businesses?
Many headlines were made in the last year that focused on the net financial losses for many of the world’s largest cannabis companies. The losses can be attributed to a number of factors, and are not limited to any single market. Small and medium-sized cannabis companies in the legal industry are better at staying current…
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Average Price For A U.S. Cannabis Pre-Roll Was $6.73 In April 2024
Pre-rolled cannabis joints are very popular with cannabis consumers in legal U.S. markets. Most legal cannabis dispensaries in markets in the United States offer pre-rolls in a variety of amounts, from sales of single pre-rolls to packs of several pre-rolls. “In April 2024, the average cost of a pre-roll dipped to $6.73, down from $8.03…
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Legal New York Dispensaries Near Closed Illegal Shops See A 27% Rise In Sales
On May 21st, 2024, New York regulators launched an enforcement task force with the goal of shutting down unregulated cannabis shops that have proliferated the state. The task force’s creation came after lawmakers in New York increased local enforcement powers. In total, over 500 illegal stores have been shuttered, 400 of which were located in…
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Mexico’s CBD Industry Is Projected To Be Worth $675 Million By 2027
This week Mexico’s emerging legal hemp industry passed a major milestone, with Mexico’s Federal Commission for the Protection against Sanitary Risks (COFEPRIS) reportedly authorizing the cultivation of low-THC hemp plants (less than 1% THC content). The announcement came in the form of a letter from the regulatory entity to Semillas Endemicas Mexicanna SA de CV,…
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Analysis: Ohioans Spent More Than $700 Million At Michigan Cannabis Dispensaries In 2023
Michigan legalized cannabis for adult use in 2018, after having already legalized medical cannabis years prior (2008). In November 2023, Ohio became the twenty-fourth state to legalize cannabis for adult use and Ohio regulators are currently accepting applications from aspiring recreational cannabis business operators. Sales could begin as early as next month in Ohio. Many…
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How Many People Have Entered The 2024 California State Fair Cannabis Competition?
The first state fair to feature cannabis was Oregon back in 2016 when the Oregon State Fair hosted a cannabis plant competition. However, cannabis sales and consumption remained prohibited at the 2016 event in Oregon, and the event has long ceased to occur. This year’s California State Fair also features a cannabis competition, and organizers…
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Global Industrial Hemp Market Projected To Be Worth $24.30 Billion By 2033
According to market analysts at Spherical Insights LLP, the global industrial hemp market is projected to be worth an estimated $24.30 billion by 2033. Spherical Insights describes itself as “a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and…
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Which Markets Does Cannabis Data Company BDSA Track?
Cannabis data company BDSA describes itself as helping “businesses improve revenues, reduce innovation risk and prioritize market expansion with accurate and actionable cannabis market intelligence, consumer research and advisory services.” “The company provides a holistic understanding of the cannabis market by generating insights from point-of-sale data, consumer research and market forecasts.” BDSA also states. The…
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How Many Certifications Has Ganjier Issued?
In the food and beverage industry, sommeliers, or wine stewards, serve a vital role. Sommeliers are trained and knowledgeable wine professionals, often working in fine dining restaurants, who specialize in all aspects of wine service as well as wine and food pairing. A similar level of professional designation can be found in the cannabis industry…
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Did German Legalization Boost European Cannabis Seed Sales?
According to the results of a recent YouGov poll, many German adults have already purchased cannabis seeds or clones after the first provisions of the nation’s recreational cannabis legalization law took effect on April 1st. People 18 years or older in Germany can now cultivate up to three plants in their private residences. Since legalization…