Chart: Nevada medical marijuana patient counts soar, but more growth needed

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By Eli McVey

Nevada’s medical marijuana program is growing – with nearly 12,000 new patients joining in 2016 – but the market is still relatively small and some businesses are struggling to survive.

Consider this: Nevada allows MMJ recommendations for chronic pain, a catch-all diagnosis that historically has translated into patient counts representing around 2% of a state’s population on the high end.

By that metric, Nevada’s program falls woefully short. With a population of approximately 2.9 million and patient counts hovering…

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Chart: Similar support levels for marijuana, Trump in red states that voted on cannabis measures

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By Eli McVey

Marijuana proved to be about as popular as Donald Trump in red states that voted on cannabis ballot initiatives in November, highlighting the potential for a political backlash if the incoming president looks to crack down on the MJ industry.

Five states that leaned toward Trump in the 2016 elections – Arizona, Arkansas, Florida, Montana and North Dakota – had marijuana-related measures on the ballot.

In each case, with the exception of Arkansas, the cannabis initiatives received almost as many or more votes than Trump…

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Chart: The Trump effect – Some marijuana companies shifting 2017 growth plans, but most staying the course

Chart: The Trump effect – Some marijuana companies shifting 2017 growth plans, but most staying the course – Marijuana Business DailyChart: The Trump effect – Some marijuana companies shifting 2017 growth plans, but most staying the course – Marijuana Business Daily

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Chart: Healthy markups for marijuana strains with celebrity names

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By Eli McVey

Celebrity-branded marijuana strains are commanding a premium in recreational markets by capitalizing on name recognition and sophisticated branding.

The average markup of a celebrity-branded strain versus its unbranded counterpart is approximately 24%, which often equates to $5-$10 more per eighth, according to an analysis by Marijuana Business Daily.

The findings highlight the long-term potential of such offerings and the power of using a well-known name to sell cannabis to recreational users, who often consider different…

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Map: The post-election U.S. marijuana landscape

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By Eli McVey

Nearly 60% of the U.S. population now lives in states that have legalized some form of marijuana use and sales, illustrating the rising acceptance of cannabis nationwide and highlighting the industry’s immense potential for future growth.

Rewind just 10 years and the map was essentially the inverse of where it is now, with pockets of light green dotting a largely white landscape.


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Last week, three new states joined the marijuana club: Arkansas, Florida and North Dakota, which legalized medical cannabis. Four others that…

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Handful of businesses and individuals donate $21M for, against marijuana measures

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By Eli McVey and John Schroyer

The nine cannabis-related measures on ballots across the nation have drawn immense attention, most notably in the form of tens of millions of dollars in political contributions.

Campaign finance data shows that 20 businesses and individuals account for a whopping $20.8 million in donations on both sides.

Of that total, $13.7 million has come from 10 individuals and more than $7 million from 10 businesses.

Financial support has come hot and heavy on both sides of the legalization debate.

All told, billionaire Sean…

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Chart: California medical marijuana sales skyrocket 132% since 2010

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This is the third in a series of charts featuring data on California’s medical cannabis market. Marijuana Business Daily will publish additional charts in this series every other Monday until mid-November. You can view the first chart here and the second one here. 

By Eli McVey

Medical cannabis sales in California have soared over the past five years, rising from a reported $351 million in 2010 to nearly $814 million in 2015, according to exclusive data obtained by Marijuana Business Daily.

Much of that growth occurred in 2015, with…

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Report: Canada rec cannabis industry could top $26 billion

Canada’s widely anticipated recreational marijuana market could become a more than $22.6 billion industry once it’s legalized, according to a new report by Deloitte.

The accounting and consulting firm’s report, scheduled for release soon, concludes that adult-use marijuana will be a huge jump-start for the Canadian economy, the Toronto Star reported. Prime Minister Justin Trudeau is expected to introduce legislation to legalize rec marijuana next spring.


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The report estimates the base retail market could be worth $4.9 billion-$8.7…

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Colorado cannabis sales still soaring

Marijuana sales in Colorado continue to reach new highs, fueled by increasing demand for recreational cannabis.

Sales of medical and adult-use marijuana hit $846 million during the first eight months of 2016, up 33% from the same period last year, according to calculations by Marijuana Business Daily based on the latest state tax data.


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Dispensaries and rec shops reported $126 million in cannabis sales in August alone – a new record for the state’s marijuana industry. Recreational cannabis accounted for nearly $85 million of the total,…

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Chart: What’s in a cannabis company name? Not as much slang

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By Eli McVey

The marijuana industry has been in a perpetual struggle to shake the “stoner” stereotype many hold of its consumers, and the businesses that comprise the industry are leading the charge against it.

An analysis of 3,318 state-licensed cannabis companies listed in the Marijuana Business License Directory shows that wellness-oriented words such as “organic” or “herbal” appear far more frequently in business names than slang terms such as “ganja,” “420” and “pot.”

The relatively minimal use of slang…

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Chart: Latest California Marijuana Market Data – $845M in Annual Sales, 2,756 Dispensaries

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This is the first in a series of charts featuring data on California’s medical cannabis market. Marijuana Business Daily will publish additional charts in this series every other Monday for the next two months. 

By Eli McVey

California’s medical cannabis industry reported $845 million in retail sales via nearly 2,800 dispensaries over a recent 12-month period, according to exclusive data obtained by Marijuana Business Daily.

The figures offer a snapshot of the size and scope of California’s massive medical cannabis market, though…

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Chart of the Week: Court Ruling on Guns & MMJ Could Lead to Millions in Lost Dispensary Sales

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By Eli McVey

Keep your medical marijuana card or surrender it to purchase a firearm.

This is the decision patients in western states may face after a recent court ruling upheld a federal ban on gun sales to registered MMJ users, which could result in millions of dollars in lost sales for dispensaries.

The 9th U.S. Circuit Court of Appeals recently ruled that a Nevada woman’s Second Amendment rights were not violated by a federal law prohibiting gun sales to an “unlawful user of and/or an addict to marijuana.” This includes registered…

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Chart of the Week: Recreational Marijuana Pushing Down MMJ Patient Counts

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By Eli McVey

The legalization of recreational marijuana can put a big dent in a state’s pre-existing medical cannabis market, according to a look at changes in the number of registered patients in Colorado and Oregon.

Patient numbers have fallen 8% in Colorado and 14% in Oregon since the first day of adult-use sales in each market, and it’s unclear where the bottom lies.

Both states could conceivably see further decreases as patients who use marijuana only occasionally continue to switch to the rec market.

The figures offer medical cannabis…

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Chart of the Week: Monthly Marijuana Sales in Washington State Surpass $60 Million

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By Eli McVey

The merger of Washington State’s unregulated medical marijuana industry into its recreational cannabis program has led to a huge spike in monthly sales for licensed retailers, indicating that the complicated transition is playing out as hoped.

In July, cannabis retailers posted an 18% spike in sales from the previous month, a new record for the regulated market. The $63.6 million in sales marked an increase of more than $10 million over the total in June.

The sizable gain comes on the heels of a July 1 deadline for all remaining…

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Chart of the Week: Estimated $100M in Colorado Recreational Sales Tied to Leisure Tourists

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By Eli McVey

Cannatourism is alive and well in Colorado.

Travelers who visited the state primarily for leisure purposes spent roughly $98 million at recreational marijuana stores last year, accounting for nearly 17% of overall adult-use cannabis sales in Colorado, according to a first-of-its-kind estimate by Marijuana Business Daily.

The figures don’t include marijuana purchases by visitors who were in town primarily for business or other reasons, so the actual tourism impact on sales is higher.

While many stores in the Denver metro area…

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Chart of the Week: Clinton, Trump or Johnson? How the Cannabis Industry Plans to Vote

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By Eli McVey

If the presidential election were held today, how would the cannabis industry vote?

Hillary Clinton would win in a landslide, with 43% of marijuana executives and professionals saying they would vote for her at this point vs. just 26% who prefer Donald Trump, according to a poll by Marijuana Business Daily. 

The online survey, conducted July 27 and 28, found that support for Clinton and Libertarian candidate Gary Johnson is higher in the marijuana industry than in the U.S. at large. At the same time, support for Trump is much…

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Chart of the Week: Most Common Medical Conditions of Registered MMJ Patients

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By Eli McVey

Adding chronic or severe pain to the list of qualifying conditions for medical marijuana has a huge impact on the size of a given market, as evidenced by the overwhelming percentage of registered patients using MMJ to treat the condition.

A combined 64.2% of patients in Arizona, Colorado, Minnesota, Montana, Nevada, New Jersey, New Mexico and Oregon – the only states that publicly release patient counts by condition – list chronic/severe pain as a reason for using medical cannabis, according to an analysis of publicly…

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Chart of the Week: Snapshot of Cannabis Employment Growth in Colorado

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By Marijuana Business Daily staff

Colorado’s red-hot marijuana industry is creating an avalanche of jobs as new cannabis companies launch and existing businesses expand, underscoring the impact legalization can have on the broader economy.

As of December 2015, the state had issued 26,929 occupational licenses to workers employed at medical and recreational cannabis companies – a whopping 68% increase from December 2014, according to data provided by the Colorado Department of Revenue.

At…

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Chart of the Week: New Marijuana Markets Launching at a Rapid Clip

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By Becky Olson

The cannabis industry has seen a substantial acceleration in the number of new regulated marijuana markets coming online each year, indicating that business opportunities are finally starting to catch up with the wave of legalization itself.

In 2015 alone, six states launched medical or recreational sales, which is equal to the number of new markets that emerged from 2011 through 2013. Another four states are poised to start medical cannabis sales this year or early next,…

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Chart of the Week: Wholesale Recreational Cannabis Revenues Rocket 163% in Colorado

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By Becky Olson

Recreational cannabis sales via licensed stores ballooned 88% in Colorado last year to hit nearly $600 million, according to calculations based on data released last week by the state’s revenue department.

But an equally compelling story is tied to wholesale recreational cannabis sales, which soared 163% in 2015 to hit $234 million vs. $89 million the previous year, 

The wholesale numbers indicate a thriving market for companies that cultivate marijuana for retailers (as…

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Chart of the Week: State Rankings for Medical Marijuana Patients Per Capita

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By Becky Olson

The number of medical marijuana patients in any given state depends on myriad factors.

But certain variables are more influential than others, and analyzing them can help entrepreneurs evaluate the size and potential of a specific market.

Take the qualifying conditions list, for example. Illinois by far has the longest list of specific conditions, yet it has one of the lowest MMJ patient densities per capita at less than one per 1,000 adults. By comparison, Colorado has one of…

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Chart of the Week: Top Regulatory Compliance Issues for Colorado Cannabis Companies

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By Becky Olson

With cannabis poised to take its place as one of the most heavily regulated industries in the world, compliance is and will increasingly be the name of the game for marijuana companies.

So how are cannabis businesses faring in this area?

In Colorado – home to the nation’s largest recreational industry and second-biggest medical cannabis market – the most common regulatory compliance infractions are related to physical inspections and security of business premises,…

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Chart of the Week: Cannabis Industry Attracts Highly Educated Leaders

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By Becky Olson

Cannabis industry executives holding post-high school certificates and degrees clock in at a rate 19 percentage-points higher than all U.S. professionals age 25 and older.

A recent Marijuana Business Daily survey showed 87% of cannabis professionals in executive or management roles have completed some sort of degree or certification after high school.  By comparison, 68% of those holding equivalent roles in the broader economy have attained this level of education, according…

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Chart of the Week: Cannabis Stocks End 2015 With Bumps, Bruises

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By Becky Olson

Last year was a tumultuous one for cannabis stocks, further deterring institutional investors from getting involved in a notoriously high-risk sector.

A sampling of 12 stocks analyzed by Marijuana Business Daily started the year off strong, collectively rising about 27% during the first few weeks of 2015. But the tide quickly turned, and the stocks ended the year down an astounding 65% from where they started.

In fact, every one of the stocks examined fell significantly…

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Marijuana Business Professional & Investor Survey Underway

Marijuana Business Daily has launched its annual survey of executives and major investors in the cannabis space, which will help the company provide key market, financial and operational data for businesses and entrepreneurs.

Executives from all industry sectors – including dispensary/retail stores, commercial cultivation, infused products manufacturing, testing labs and ancillary firms – as well as investors funding companies in the industry are invited to take the anonymous survey…

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Chart of the Week: Huge Deluge of Marijuana Business Conferences in 2015

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By Becky Olson

The number of national and regional cannabis business conferences has mushroomed in the past two years, growing from a single event in 2013 to over 30 such gatherings in 2015 alone, according to research by Marijuana Business Daily.

The increase reflects the rapid emergence of a legitimate industry rising from the shadows, though there are signs that a shakeout in the cannabis conference scene could be on tap.

Cannabis “lifestyle” and consumer-focused events focused…

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Chart of the Week: 60% of Cannabis Companies Don’t Have Bank Accounts

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By Becky Olson

Roughly 60% of companies operating in the cannabis industry don’t have bank accounts for their businesses, according to first-of-its-kind data from a survey conducted by Marijuana Business Daily.

The situation is even worse for companies that actually handle the plant, with 70% reporting that they’re currently operating without traditional banking services.

The poll, which includes the responses of over 400 cannabis professionals from across the country, also found that a…

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Chart of the Week: Arizona’s Medical Marijuana Market Gaining Steam

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By Becky Olson

Business is booming for medical cannabis companies in Arizona – and even that might be an understatement.

In addition to a 33% surge in patient numbers during the first 10 months of the year, dispensaries are on pace to sell more than 586,000 ounces of marijuana in 2015 – which would represent over an 80% spike from 2014, according to data from the Arizona Department of Health Services.

The March 2014 ruling in a landmark legal case clarified that cannabis oils and other…

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Chart of the Week: Ample Inventory, Knowledgeable Budtenders Critical for Rec Customers

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By Becky Olson

Recreational marijuana legalization has brought more new cannabis users into the fold than ever before, creating a burgeoning market in states that have launched adult-use sales.

So what are these consumers looking for when visiting a licensed shop, and how can businesses cater to this demographic?

Recreational customers are a diverse bunch, and their wants and needs differ from medical marijuana patients in some key ways.

About a third of consumers in recreational markets are…

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Chart of the Week: Massachusetts Medical Marijuana Market Quickly Gaining Steam

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By Becky Olson

Talk about pent-up demand.

The number of medical marijuana purchases and the quantity of cannabis sold in Massachusetts are surging now that three dispensaries geographically dispersed across the state have opened their doors to patients, indicating a robust market for MMJ.

The trends bode well for the 12 additional dispensaries that have received tentative approval from the state and hope to open soon, as well as the scores of companies that have applied for new medical cannabis…

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Chart of the Week: Momentum Building for Marijuana Legalization Via Ballot Measures

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By Becky Olson and John Schroyer

Marijuana legalization measures are appearing in front of voters at the highest level in history, with more initiatives to legalize medical or recreational cannabis making state ballots in the past five years than in the entire previous decade.

Since 2010, 14 state-level legalization measures have been put before voters, including five tied to recreational marijuana (one of them in Washington DC). Seven of those measures were approved by voters.

That compares…

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