Category: Business Analysis

German sales of insurance-covered medical cannabis continue upward trend

Sales of insurance-covered medical cannabis continued to increase during the first quarter of 2019 in Germany, the largest market outside North America. In the first three months of the year, sales of reimbursed cannabis products totaled 24.5 million euros ($27.5 million), an increase of 7% from the fourth quarter of 2018, according to government data. […]

Chart: Diversification enhances profitability of marijuana product manufacturers

Makers of cannabis products are more likely to turn a profit if they offer merchandise across multiple categories – but that profitability declines if a manufacturer produces too many types of goods. For companies offering products across a single category, 27% described their business as profitable compared with roughly 50% of companies offering products across […]

Ontario to hold lottery for 42 new recreational cannabis stores

Ontario’s plan to belatedly add more cannabis stories to its underwhelming roster of 22 authorizations is a sign the government is listening to industry and consumer feedback that the market can sustain – and requires – more outlets, according to experts. The Alcohol and Gaming Commission of Ontario will hold a lottery on Aug. 20 […]

Sales of cannabis products spiked over Mother’s Day, Father’s Day weekends

Retail data reveals sales spikes in several marijuana categories over Mother’s Day and Father’s Day weekends, highlighting differences in gender-based cannabis gift-giving in states that have legalized adult use. Data from Seattle-based analytics firm Headset shows that sales increased 35% to 80% in several product segments over Father’s Day and Mother’s Day weekends in California, […]

Ranks of US banks serving cannabis firms growing, but data may overstate true number

Published 1 min ago | By Maggie Cowee The number of financial institutions actively banking marijuana-related businesses in the United States is rising, but the true number is far fewer than U.S. Treasury data indicate, according to one industry executive. Data released by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) show the number […]

Ontario cannabis sales see major boost from physical store rollout; B.C. sales drop

Adult-use cannabis sales in Canada’s largest consumer market more than doubled in April on the back of new store openings, representing “powerful evidence” of pent-up demand for regulated marijuana after months of stagnation, according to experts. Receipts of recreational-use cannabis products in the province totaled 19.6 million Canadian dollars ($15.1 million) in the month, recent data […]

US cannabis employment to increase 34% in 2019

The number of full-time cannabis employees in the United States is expected to grow 34% in 2019 over the previous year, with the potential to top 200,000 workers. That’s more than the number of flight attendants in the U.S. and more than double the number of veterinarians. The newly released 2019 Marijuana Business Factbook estimates […]

Marijuana store density surpasses Starbucks & McDonald’s in many mature MJ markets

As competition between cannabis retailers grows, so does the store density in mature markets, where the number of marijuana stores have surpassed the number of Starbucks in many. In Denver and Portland, Oregon, for example, marijuana retailers outnumber Starbucks by almost double, while in Anchorage, Alaska – a newer market – the two are tied […]

Massachusetts recreational marijuana sales approach $140 million

After six full months of operations, Massachusetts adult-use marijuana sales continue to rise, with aggregate sales approaching $140 million through the last week in May. The market enjoyed a solid launch the week of Thanksgiving 2018, and Massachusetts retailers have seen average month-over-month sales increases of 21% between December 2018 – the first full month of […]

Aurora, Canopy are Canada’s ‘most reputable’ cannabis firms, survey finds; others rank far behind

Alberta-based Aurora Cannabis edged out Ontario’s Canopy Growth as the most reputable marijuana company in Canada, according to a first-of-its-kind survey by market research firm Leger. The survey – conducted from December 2018 to February 2019 – reflects the reputations of cannabis producers in the opening innings of legalization. The marijuana companies were included as […]