Category: Business Analysis

Western Australia cuts red tape for medical cannabis in boost for patients, industry

Australia’s western-most state is making it easier for patients to access medical cannabis. Western Australia announced yesterday that general practitioners will be allowed to prescribe medical marijuana without the need for referral to a specialist, bringing the state in line with other jurisdictions, including New South Wales, Queensland and Victoria. The state is expected to […]

Missouri’s medical marijuana market draws thousands of applications

A rush of applicants – including several prominent multistate operators – are vying for plant-touching licenses in Missouri’s highly anticipated medical marijuana market. More than 2,200 applications were submitted for only 338 cultivation, manufacturing and dispensary licenses in the state, where annual sales could eventually reach $300 million. That translates to roughly one license for […]

Year-to-date cannabis investment activity up 40% over 2018 but slowing

Cannabis industry capital investment in 2019 hit $10.4 billion through Week 40 – a 40% increase over 2018 – but the previously hot investment activity has cooled in recent months and is now running at what one analyst called a more “normal” pace of growth. This comparison of public and private capital investments from 2017 […]

Jamaica looks to slash cannabis license processing time, but banking remains major obstacle

Jamaican regulators want to substantially reduce the amount of time it takes entrepreneurs to get a cannabis business license, but banking remains the biggest hurdle to marijuana industry growth. The Cannabis Licensing Authority (CLA) is in the final stages of a technical review of the entire licensing process. “We’re doing a complete internal review on […]

Canada cannabis shortage no longer an issue, industry group says

An industry group representing Canada’s biggest cannabis producers says the shortage of marijuana that plagued businesses in the early months of legalization is over. “There is ample supply of cannabis for the adult recreational market,” Cannabis Council of Canada wrote in an open letter to Ontario Premier Doug Ford, who cited the shortfall when capping […]

Illinois recreational cannabis stores will be few and far between

Recreational cannabis sales are set to begin in Illinois at the start of the new year, but a lack of retail stores threatens to curtail the rollout of what could eventually be a $2.5 billion market. Limited access to adult-use cannabis stores in the first few months of rec sales is not atypical for the […]

Sales of marijuana edibles up in at least four states in wake of vape health scare

The vaping health crisis apparently has been good for the marijuana edibles sector, a sign that consumers are funneling more money into infused products instead of vaporizers. Since the first vape-related death was reported in August, retail sales of edibles have climbed steadily in four states while those of vaping products have declined, though the […]

New data reveals top medical conditions for which cannabis is reimbursed in Germany

The German government disclosed the six most-reported diagnoses for which medical cannabis has been prescribed and covered by statutory health insurers (GKV), with pain No. 1 followed by a muscle condition known as spasticity. The data is based on an ongoing government survey involving 6,538 patients, as of September. The information was disclosed in a reply to a […]

New Hampshire’s new satellite dispensary rules aim to boost medical marijuana program

A new law in New Hampshire aimed at increasing the number of dispensaries allowed may improve the financial performance of the state’s existing licensed medical cannabis businesses. The state’s MMJ program – which consists of four total licenses held by three companies – has posted steady growth over the past year-and-a-half. Patient counts increased 32% […]

How medical cannabis programs fare in states with recreational markets

The legalization of recreational cannabis can put a big dent in a state’s pre-existing medical marijuana market. Patient counts in Colorado, Massachusetts, Nevada and Oregon – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – have all suffered in the months and years since the launch of […]