Category: Business Analysis

Maryland’s 2019 medical cannabis sales on pace to double 2018 sales

Published 6 mins ago | By Maggie Cowee Maryland’s hot medical marijuana market continues to sizzle – and 2019 sales are on pace to double those from 2018. Data released by the Maryland Medical Cannabis Commission show that through the end of July, MMJ sales through the state’s dispensaries were just under $130 million, […]

Medical cannabis sales stall in Canada after adult-use legalization; affordability, access also considered factors

Monthly sales of medical cannabis in Canada dropped almost 25% in June from October 2018 – when adult use was legalized – according to the latest data from Health Canada. The new data also underscores challenges facing businesses focused on addressing demand in the medical industry: In June, 1,500 kilograms (3,307 pounds) of dried medical […]

Utah’s medical marijuana patient pool may start small, grow slowly

A recent decision in Utah to award fewer medical marijuana cultivation licenses than allowed raised concerns about a supply shortage, but projections show a relatively small patient count and a slow growth in the state. In July, Utah’s Department of Agriculture and Food (UDAF) decided to award only eight cultivation licenses – two fewer than […]

California cannabis market experiences license contraction in 2019

Before January 2018, when California launched its legal recreational cannabis market, estimates of how many dispensaries peppered the state’s landscape were in the thousands. But once state licenses were required – and with that, express local city or county approval – the number dropped dramatically, to just a few hundred. That was the first instance […]

As Brazil prepares for major changes, authorizations to import medical cannabis surpass 10,000

The number of total authorizations granted to individual Brazilian patients to import medical cannabis since the program launched in 2014 surpassed 10,000 at the end of June 2019, according to data that the country’s health-care regulator shared directly with Marijuana Business Daily. Upon obtaining an authorization, Brazilian patients can import a maximum quantity of medical cannabis on a […]

After slow start, Canada’s cannabis sales reach new high

Adult-use cannabis sales through regulated channels in Canada reached a new high in June after meandering for much of the first half-year of legalization, according to the latest seasonally-adjusted data from Statistics Canada. Sales of regulated adult-use cannabis surpassed 85 million Canadian dollars ($63 million) in June, an improvement over May’s CA$79 million and April’s CA$67 […]

Not all cannabis social equity programs are equal

There is no one-size-fits-all approach to addressing equity and diversity in the marijuana industry. While a growing number of states have included social equity provisions in their marijuana programs, they’re approaching the issue in a variety of ways – with varying results. On the recreational side of the industry, California, Illinois and Massachusetts all made […]

Approval of public health insurance could boost medical cannabis sales in Czech Republic

The Czech Republic has one of the oldest medical cannabis programs in Europe and was the second country on the continent to authorize a domestic grow – after the Netherlands – yet, after several years, the market has been unable to gain traction. But that situation may be changing. Sales data for 2019 suggest an […]

Medical marijuana market growth with Oklahoma and Florida leading

Published 1 min ago | By Maggie Cowee While medical marijuana is legally available in 36 states and Washington DC, the fragmented nature of the industry – each state creates its own set of rules – means each market grows at a different rate. The new quarterly release of the Marijuana Business Factbook presents […]

Newer marijuana markets embrace social equity programs

Increased attention by lawmakers, regulators and the general public regarding lack of diversity in the cannabis industry prompted a growing number of states to include social equity provisions in their marijuana policies. Of the 18 states that legalized medical or recreational cannabis sales since 2016, six have taken considerable measures to boost diversity in their […]