In 19th century India, when the British decided to strangulate and kill the ganja culture that had existed for thousands of years, one of the key measures they took was to reduce the number of retail outlets that sold ganja. Another was the regulation that ganja could only be sold with a retail license. In addition, approval was required from the local community before one set up a ganja retail outlet in its midst. This, along with the raising of prices and taxes, and reduction in areas of cultivation, ensured that India's ganja culture had a slow and painful death. Before this, ganja was sold in retail outlets like any other commodity. The country's poor, who were the majority and main consumers of ganja, procured their ganja easily, cheaply and were relatively unnoticed by the country's upper classes and upper castes. The retail outlet was a simple shop, similar to a grocers, and sometimes
the grocers shop itself, where piles of different varieties were place
in the open or in jars or in the form of sweetmeats. People selected the
cannabis that they preferred, and the seller weighed the required
amount and wrapped it up in a suitable wrapper and handed it over to the
buyer, just like any other commodity. With the reduction of retail outlets, large numbers of persons started gathering at the retail outlets. The presence of what appeared to be undesirable, low class and low caste elements in their midst brought the ganja culture to the notice of the ruling classes and further fueled the desire of these classes to prohibit this loathsome and evil behavior, according to the ruling classes that is. Even then, it is said that in large cities and towns there were retail outlets for every 10,000 or so individuals.
Today, in the US, that glorious champion of global cannabis prohibition, we are witnessing a reversal of this process. Where once cannabis was prohibited, retail outlets can open under license. There is a growing impetus to open more retail outlets so that their density increases. Localities where cannabis retail outlets open are becoming much in demand and real estate prices are going up.
Today, in the US, that glorious champion of global cannabis prohibition, we are witnessing a reversal of this process. Where once cannabis was prohibited, retail outlets can open under license. There is a growing impetus to open more retail outlets so that their density increases. Localities where cannabis retail outlets open are becoming much in demand and real estate prices are going up.
In the newly emerging world of legalized cannabis, retail is where the plant meets the recreational consumer after its long journey from seed to store, through multiple business and regulatory processes, . During times of prohibition the concept of retail outlets did not exist, as the grower often directly handed over the plant to the consumer in exchange for money at some street corner. This still happens in most places where the black market dominates the world of cannabis. But in places where adult recreational and medicinal use of cannabis has been legalized, the plant is purchased by the end customer from a dispensary, as in the case of medical cannabis, or from a retail outlet, as in the case of recreational cannabis.
With money flowing into the cannabis industry, retail outlets are rapidly evolving, from small basic stores to high end outlets, with display and decor comparable with any other on the main street. Retail outlets are competing with each other to provide the most pleasant shopping experience to the cannabis consumer. Big retail organizations are looking at the feasibility of entering into cannabis retail. This is far from the days of constantly looking over your shoulder, for fear of getting into trouble with law enforcement and criminals, as a buyer or seller, and worrying about the quality of the product. Today, products are placed on display in attractive packaging, and there are bud tenders and sales staff to assist you, and to ensure that you find the product best suited for your needs. Retail outlets sell not just cannabis flower, but also concentrates, edibles, wellness products, accessories and so on. As cannabis becomes an increasing part of food, beverages, wellness products, cosmetics and other areas, we can expect an increase in not just exclusive cannabis retail outlets, but also, more and more traditional retail outlets stocking cannabis and cannabis based products.
Cannabis retail is one of the biggest new entrants to the retail field. Though the number of retail outlets are still few in number, compared to the demand, they are rapidly growing in places where cannabis is legal. Estimates are that there should be at least one retail outlet for every 10,000 persons in Los Angeles. This means that there is a huge gap between what is currently available, and what is required. In Massachusetts, the regulatory body for cannabis estimates that there will be 4 to 8 retail outlets opening every month, as the pace post legalization picks up. The retail outlet is starting to become an indicator of a locality's prosperity and progressiveness, as against the past, when a locality with a place that sold cannabis was to be shunned and was discouraged by the majority. Studies are showing that, in Colorado and Washington, the real estate prices of localities with cannabis retail outlets are much more attractive than in surrounding localities.
Cannabis retail is one of the biggest new entrants to the retail field. Though the number of retail outlets are still few in number, compared to the demand, they are rapidly growing in places where cannabis is legal. Estimates are that there should be at least one retail outlet for every 10,000 persons in Los Angeles. This means that there is a huge gap between what is currently available, and what is required. In Massachusetts, the regulatory body for cannabis estimates that there will be 4 to 8 retail outlets opening every month, as the pace post legalization picks up. The retail outlet is starting to become an indicator of a locality's prosperity and progressiveness, as against the past, when a locality with a place that sold cannabis was to be shunned and was discouraged by the majority. Studies are showing that, in Colorado and Washington, the real estate prices of localities with cannabis retail outlets are much more attractive than in surrounding localities.
One of the major hurdles to the expansion of cannabis retail outlets is the reticence of local municipal bodies to the opening of these outlets within their localities. Even in the 23 states that have legalized recreational cannabis, the vast majority of cities, towns and municipalities still continue to ban the opening of retail outlets, thus enabling the black market to continue to thrive. Many cite that the location criteria that a cannabis retail outlet must meet are overly stringent, thus making suitable locations few and far between. There is a need for regulators to revisit this criteria and make it less stringent. There still needs to be evolution in public opinion. Stigma around cannabis still exists among the vast majority of the public after decades of misinformation and false propaganda against the cannabis plant. As the knowledge and awareness increases that cannabis is more like tea or coffee, than alcohol or heroin, the opposition of localities to the opening out of more retail outlets should decrease.In many places, local municipal bodies demand unreasonably high tax rates for the establishment of a retail outlet, thus hampering it.
In Canada and Uruguay, retail outlets are government controlled. In many places where cannabis is legalized, but retail sales are yet to begin, people are dependent on home growing or home delivery to meet their needs and access cannabis. In some places, wine and liquor retail outlets are offering retail shelf space for cannabis products to leverage their existing retail infrastructure. In many places where dispensaries exist for medical cannabis, dispensary owners are converting their outlets to recreational outlets, by upgrading their licenses to tap into the much larger recreational market.
There are growing instances as well, where retail outlets have their adjoining social consumption areas, where the consumer can enjoy the product brought at the retail store. Las Vegas now boasts of a 113,000 square foot retail outlet which claims to be the world's largest. - https://techcrunch.com/2020/03/23/inside-planet-13-the-worlds-largest-cannabis-dispensary
When the Covid pandemic hit the world in 2020, cannabis was declared an essential service in many of the states in the US. This meant that cannabis dispensaries and retail outlets could continue to sell cannabis like pharmacies, food, alcohol and other services considered critical for society. This classification of cannabis as an essential service, is one of the most visible indicators that cannabis, and its retail, have truly returned back to main stream society in the US, after the decades of prohibition. Sales of cannabis reached new peaks during the Covid lock downs, showing that the labeling of cannabis as an essential service is not misplaced. The lockdown also provided a boost to delivery companies and e-commerce with large numbers of consumers opting to have heir cannabis delivered to their doorsteps.
Increasingly, we are seeing the opening of retail outlets in key cities in other parts of the world as well. Many of them do not sell high THC cannabis but offer products containing cannabidiol or CBD, which currently does not face the kind of legal restrictions that THC faces. As the world becomes cannabis aware once again, cannabis retail is a sleeping giant that is starting to wake up. And that means great news for the world's people...especially the ones who prefer to walk into a shop and buy cannabis, have the money for it and do not want to go through the pains of growing their own plant. There are many who fit this class of users, and they are usually more affluent than the rest. For the rest of the world, its vast majority, the global legalization of home growing of cannabis remains the most urgent legislation...
Related articles
The following set of articles related to the subject are taken from various media. Words in italics are the thoughts of yours truly at the time of reading the article.Homes located near cannabis retailers are more likely than others to appreciate in value, according to an analysis provided by Tomo Real Estate.
Analysts assessed the relationship between cannabis retailers and home prices in three states: Colorado, Michigan, and Oregon.
Researchers examined annual increases or decreases in median home prices in zip codes with a dispensary compared to median home price changes in the surrounding zip codes.
Researchers concluded that homes located in towns with dispensaries experienced, on average, an annual increase in home values of $4,400.
https://norml.org/news/2024/06/27/analysis-proximity-to-cannabis-retailers-associated-with-rising-home-values/
Despite the weekend bump in sales and anecdotal successes, it appears total sales for April 20, 2024, will not eclipse the 2023 mark.
Seattle-based cannabis industry analytics provider Headset tallied $83.6 million worth of cannabis product sales across the markets it tracks in the United States and Canada.
That total is down 16% year-over-year, as 4/20 revenue in 2023 eclipsed $100 million in 10 states and four Canadian markets alone.
Infused beverages were a surprise breakout category for sales this 4/20, with unit sales skyrocketing 206% from last year.
https://mjbizdaily.com/marijuana-retailers-report-robust-sales-from-4-20-weekend/
The opening of state-licensed marijuana retailers does not negatively impact local crime rates, according to data published in the journal Annals of Regional Science.
Researchers with John Hopkins University and the University of Hawaii assessed the relationship between dispensary openings and neighborhood crime rates in Washington state’s three largest cities. Investigators reported that marijuana retailers “have a null effect on average local crime.”
They concluded: “Many North American jurisdictions have legalized the operation of recreational marijuana dispensaries. A common concern is that dispensaries may contribute to local crime. … The random assignment of recreational marijuana retail licenses in Washington State provides a unique opportunity to identify the causal effect of dispensary openings on local crime. … Combining lottery data with detailed geocoded crime data, we estimate that the presence of a dispensary has no significant impact on local crime in the average neighborhood.
https://norml.org/news/2023/10/12/analysis-marijuana-retailers-not-linked-to-spikes-in-crime/
A recent study of Canadian stores shows that proximity might be a key to that equation.
The research found that people who lived less than about 1.9 miles (3 kilometers) from the closest regulated marijuana retailer were more likely to source cannabis from a legal store.
Experts agree that cannabis retailers should take into account store location and density during their planning.
https://mjbizdaily.com/access-to-cannabis-stores-varies-widely-across-usa-and-canada/
Analysts assessed the relationship between cannabis retailers and home prices in three states: Colorado, Michigan, and Oregon.
Researchers examined annual increases or decreases in median home prices in zip codes with a dispensary compared to median home price changes in the surrounding zip codes.
Researchers concluded that homes located in towns with dispensaries experienced, on average, an annual increase in home values of $4,400.
https://norml.org/news/2024/06/27/analysis-proximity-to-cannabis-retailers-associated-with-rising-home-values/
Despite the weekend bump in sales and anecdotal successes, it appears total sales for April 20, 2024, will not eclipse the 2023 mark.
Seattle-based cannabis industry analytics provider Headset tallied $83.6 million worth of cannabis product sales across the markets it tracks in the United States and Canada.
That total is down 16% year-over-year, as 4/20 revenue in 2023 eclipsed $100 million in 10 states and four Canadian markets alone.
Infused beverages were a surprise breakout category for sales this 4/20, with unit sales skyrocketing 206% from last year.
https://mjbizdaily.com/marijuana-retailers-report-robust-sales-from-4-20-weekend/
The opening of state-licensed marijuana retailers does not negatively impact local crime rates, according to data published in the journal Annals of Regional Science.
Researchers with John Hopkins University and the University of Hawaii assessed the relationship between dispensary openings and neighborhood crime rates in Washington state’s three largest cities. Investigators reported that marijuana retailers “have a null effect on average local crime.”
They concluded: “Many North American jurisdictions have legalized the operation of recreational marijuana dispensaries. A common concern is that dispensaries may contribute to local crime. … The random assignment of recreational marijuana retail licenses in Washington State provides a unique opportunity to identify the causal effect of dispensary openings on local crime. … Combining lottery data with detailed geocoded crime data, we estimate that the presence of a dispensary has no significant impact on local crime in the average neighborhood.
https://norml.org/news/2023/10/12/analysis-marijuana-retailers-not-linked-to-spikes-in-crime/
A recent study of Canadian stores shows that proximity might be a key to that equation.
The research found that people who lived less than about 1.9 miles (3 kilometers) from the closest regulated marijuana retailer were more likely to source cannabis from a legal store.
Experts agree that cannabis retailers should take into account store location and density during their planning.
https://mjbizdaily.com/access-to-cannabis-stores-varies-widely-across-usa-and-canada/
'Every year on 4/20, cannabis retailers across the U.S. gear up to celebrate the unofficial April 20 marijuana holiday with promotions, deals and in-store events aimed at attracting new customers and keeping the ones they have.
While this year is no exception – coming three years after the start of the COVID-19 pandemic – many retailers are shifting their focus from 4/20 being a one-day event to a week- or even monthlong celebration with different daily promotions and other straightforward pitches intended to attract customers.'
https://mjbizdaily.com/cannabis-retailers-extend-420-promotions-from-1-day-to-up-to-a-month/
While this year is no exception – coming three years after the start of the COVID-19 pandemic – many retailers are shifting their focus from 4/20 being a one-day event to a week- or even monthlong celebration with different daily promotions and other straightforward pitches intended to attract customers.'
https://mjbizdaily.com/cannabis-retailers-extend-420-promotions-from-1-day-to-up-to-a-month/
'Roughly two-thirds of Americans believe that the use of marijuana by adults should be legal and just under one in three respondents say that they live in close proximity to a state-licensed adult-use retailer, according to nationwide polling data compiled by CBS News.
Consistent with numerous other national polls, the survey identified majority support for legalizing “recreational marijuana use” among respondents of all political persuasions. Support was strongest among Democrats (73 percent) and weakest among Republicans (53 percent). Sixty-six percent of Independents endorsed adult-use legalization. '
https://norml.org/blog/2023/04/20/cbs-news-poll-most-americans-say-marijuana-should-be-legal-nearly-one-in-three-have-a-licensed-cannabis-retail-store-in-their-neighborhood/
Consistent with numerous other national polls, the survey identified majority support for legalizing “recreational marijuana use” among respondents of all political persuasions. Support was strongest among Democrats (73 percent) and weakest among Republicans (53 percent). Sixty-six percent of Independents endorsed adult-use legalization. '
https://norml.org/blog/2023/04/20/cbs-news-poll-most-americans-say-marijuana-should-be-legal-nearly-one-in-three-have-a-licensed-cannabis-retail-store-in-their-neighborhood/
At the heart of Bengaluru.
Situated in Indiranagar, the heart of the beautiful city of Bangalore, BOHECO Cannabis Health & Wellness centre is all you need to kickstart your journey with Cannabis powered wellbeing.
https://boheco.com/pages/store
Situated in Indiranagar, the heart of the beautiful city of Bangalore, BOHECO Cannabis Health & Wellness centre is all you need to kickstart your journey with Cannabis powered wellbeing.
https://boheco.com/pages/store
“Legal sourcing of cannabis was greater in 2021 than 2020 for all ten cannabis products [surveyed]. In 2021, the percentage of consumers sourcing all their products legally in the past 12 months ranged from 49 percent of solid concentrate consumers in 2021 to 82 percent of cannabis drink consumers,” investigators reported. “Transitioning consumers of all cannabis products into the regulated market is important for public health and safety. Future studies should continue to examine cannabis product sourcing in Canada over time, as well as ways to displace the illegal market for all cannabis products without also promoting the use of high-potency cannabis products.
https://norml.org/news/2023/02/23/analysis-growing-percentage-of-consumers-obtain-cannabis-products-from-the-legal-marketplace/
'Drive-thrus, VIP sales areas, consumption lounges – even separate rooms to buy cannabis growing equipment.
All are features that businesses in the hotly competitive marijuana industry are incorporating into their retail operations to stand out from the crowd and attract customers.
That has helped spark a building boom.'
https://mjbizdaily.com/marijuana-retailers-entice-customers-with-vip-rooms-consumption-lounges/
https://norml.org/news/2023/02/23/analysis-growing-percentage-of-consumers-obtain-cannabis-products-from-the-legal-marketplace/
'Drive-thrus, VIP sales areas, consumption lounges – even separate rooms to buy cannabis growing equipment.
All are features that businesses in the hotly competitive marijuana industry are incorporating into their retail operations to stand out from the crowd and attract customers.
That has helped spark a building boom.'
https://mjbizdaily.com/marijuana-retailers-entice-customers-with-vip-rooms-consumption-lounges/
'Of the CA$1.8 billion in spending on legal cannabis from January through June:
- Extracts and concentrates sales at retail were CA$291.7 million, or 16.4% of total spending.
- Spending on edibles (minus beverages) reached CA$68.1 million, or 3.8% of total spending.
- Beverages spending was $23.6 million, or 1.3% of total spending.
- Spending on dried cannabis reached CA$1.3 billion, or 73% of total spending.
Statistics Canada said it did not disclose spending on cannabis oil, seeds or plants to meet certain requirements of the Statistics Act.
Medical cannabis spending was also omitted, but MJBizDaily previously reported that Canadian medical cannabis spending was CA$242 million in the first half of this year.'
https://mjbizdaily.com/canadians-bought-ca1-3-billion-of-dried-cannabis-in-first-half-of-2021/
'“It marks the largest gathering of global cannabis professionals by far in nearly two years and reflects the industry’s growth, resilience and maturation during one of the most difficult periods of our lifetimes.”
MJBizCon will be the venue where, Walsh noted, “movers and shakers across all segments of the cannabis business ecosystem – from investors to promising new entrants and industry veterans to everyone in between – will gather.”'
https://mjbizdaily.com/mjbizcon-marks-10th-year-with-return-to-in-person-event-new-marijuana-retail-experience/
'After her brother was arrested and given a 10-year sentence for cannabis possession, Wanda James knew she had a mission. She opened her first Colorado dispensary with her husband in 2009 to help advance social justice and provide medicine to those in need. Today, James and her husband own and operate Simply Pure – “America’s most political dispensary” – in Denver.'
https://mjbizdaily.com/podcast/simply-pot-politics-how-social-activism-aided-wanda-james-cannabis-success/
'Major free-standing shopping malls in Ontario, Canada, are throwing open their doors to cannabis stores, signaling the evolution of marijuana retail in the nation beyond more typical street-facing and strip-mall locations.
The impending growth in cannabis store mall openings in Canada’s biggest provincial cannabis market could bring opportunities for those retailers to:
- Reach untapped customer demographics and build brand awareness.
- Take advantage of high customer foot traffic.
- Make regular customers out of mall employees.'
https://mjbizdaily.com/major-ontario-shopping-malls-embrace-cannabis-stores/
- Extracts and concentrates sales at retail were CA$291.7 million, or 16.4% of total spending.
- Spending on edibles (minus beverages) reached CA$68.1 million, or 3.8% of total spending.
- Beverages spending was $23.6 million, or 1.3% of total spending.
- Spending on dried cannabis reached CA$1.3 billion, or 73% of total spending.
Statistics Canada said it did not disclose spending on cannabis oil, seeds or plants to meet certain requirements of the Statistics Act.
Medical cannabis spending was also omitted, but MJBizDaily previously reported that Canadian medical cannabis spending was CA$242 million in the first half of this year.'
https://mjbizdaily.com/canadians-bought-ca1-3-billion-of-dried-cannabis-in-first-half-of-2021/
'“It marks the largest gathering of global cannabis professionals by far in nearly two years and reflects the industry’s growth, resilience and maturation during one of the most difficult periods of our lifetimes.”
MJBizCon will be the venue where, Walsh noted, “movers and shakers across all segments of the cannabis business ecosystem – from investors to promising new entrants and industry veterans to everyone in between – will gather.”'
https://mjbizdaily.com/mjbizcon-marks-10th-year-with-return-to-in-person-event-new-marijuana-retail-experience/
'After her brother was arrested and given a 10-year sentence for cannabis possession, Wanda James knew she had a mission. She opened her first Colorado dispensary with her husband in 2009 to help advance social justice and provide medicine to those in need. Today, James and her husband own and operate Simply Pure – “America’s most political dispensary” – in Denver.'
https://mjbizdaily.com/podcast/simply-pot-politics-how-social-activism-aided-wanda-james-cannabis-success/
'Major free-standing shopping malls in Ontario, Canada, are throwing open their doors to cannabis stores, signaling the evolution of marijuana retail in the nation beyond more typical street-facing and strip-mall locations.
The impending growth in cannabis store mall openings in Canada’s biggest provincial cannabis market could bring opportunities for those retailers to:
- Reach untapped customer demographics and build brand awareness.
- Take advantage of high customer foot traffic.
- Make regular customers out of mall employees.'
https://mjbizdaily.com/major-ontario-shopping-malls-embrace-cannabis-stores/
'Ontario plans to permanently enable cannabis stores to offer delivery and curbside-pickup services, the Canadian province announced Thursday, a move that likely would provide a major boost for many of the province’s pandemic-hit, adult-use marijuana retailers.
Stores in Canada’s largest cannabis market were first temporarily granted the ability to offer delivery in April 2020 after the pandemic forced the province to shut down most retailers to curb the spread of COVID-19.
Since then, the province subsequently extended the temporary provision.'
https://mjbizdaily.com/ontario-making-cannabis-delivery-permanent-for-provinces-1000-plus-stores/
'It’s a weird time in the world. Nothing feels easy. Everyone’s upset. Getting high helps with the stress of being alive. That’s why weed was declared essential during the pandemic. And Americans turned to cannabis in record numbers, with nationwide sales increasing by 71%. New consumers flocked to dispensaries, while established customers increased their weed spending by a third.
Dispensaries are busy with the massive boom in foot traffic, and budtenders are helping more folks than ever. They’re also experiencing noob mistakes and bad behavior from shoppers. We’ve heard pet peeves from budtenders around the country, so we’ve put together this handy list of shopping tips for anyone who might be in danger of being “that guy.” You know, the one who messes up the flow for everyone else by being a total dumbass. Don’t be that guy.'
https://www.leafly.com/news/lifestyle/cringe-cannabis-customer-types
Stores in Canada’s largest cannabis market were first temporarily granted the ability to offer delivery in April 2020 after the pandemic forced the province to shut down most retailers to curb the spread of COVID-19.
Since then, the province subsequently extended the temporary provision.'
https://mjbizdaily.com/ontario-making-cannabis-delivery-permanent-for-provinces-1000-plus-stores/
'It’s a weird time in the world. Nothing feels easy. Everyone’s upset. Getting high helps with the stress of being alive. That’s why weed was declared essential during the pandemic. And Americans turned to cannabis in record numbers, with nationwide sales increasing by 71%. New consumers flocked to dispensaries, while established customers increased their weed spending by a third.
Dispensaries are busy with the massive boom in foot traffic, and budtenders are helping more folks than ever. They’re also experiencing noob mistakes and bad behavior from shoppers. We’ve heard pet peeves from budtenders around the country, so we’ve put together this handy list of shopping tips for anyone who might be in danger of being “that guy.” You know, the one who messes up the flow for everyone else by being a total dumbass. Don’t be that guy.'
https://www.leafly.com/news/lifestyle/cringe-cannabis-customer-types
'First, some perspective. Two-thirds of respondents (66%) believe that recreational cannabis should be federally legalized.
- That number jumped up to 79% and 76% for millennials and Gen X, respectively, while less than half (48%) of Boomers were in favor.
- The support for legalizing medical cannabis, though, was a slam dunk, at 84%. (The lowest level of backing came from Gen Z, at 77%.)'
https://www.morningbrew.com/retail/stories/2021/09/29/40-of-americans-have-ever-purchased-a-cannabis-product-survey
- That number jumped up to 79% and 76% for millennials and Gen X, respectively, while less than half (48%) of Boomers were in favor.
- The support for legalizing medical cannabis, though, was a slam dunk, at 84%. (The lowest level of backing came from Gen Z, at 77%.)'
https://www.morningbrew.com/retail/stories/2021/09/29/40-of-americans-have-ever-purchased-a-cannabis-product-survey
'The average size of retail space in cannabis stores jumped in 2020 amid increased consumer demand and the COVID-19 pandemic, rising 50% for medical dispensaries and 35% for recreational shops.
Medical dispensaries averaged 3,357 square feet of retail space in 2020, while recreational shops averaged 4,308 square feet, according to owner surveys compiled for the 2021 MJBizFactbook.'
https://mjbizdaily.com/average-retail-space-in-cannabis-stores-climbs-sharply/
Medical dispensaries averaged 3,357 square feet of retail space in 2020, while recreational shops averaged 4,308 square feet, according to owner surveys compiled for the 2021 MJBizFactbook.'
https://mjbizdaily.com/average-retail-space-in-cannabis-stores-climbs-sharply/
'The future of cannabis retail is technologically exciting—think ubiquitous online ordering and sophisticated consumer analysis—and fraught with potential challenges, including federal regulation and competition from corporate behemoths such as Amazon.
That’s the assessment of Rick Maturo, associate director of cannabis client services at Nielsen, the national consumer-analytics company based in Chicago, and Bethany Gomez, managing director of the Brightfield Group, a cannabis-focused consumer-research firm.
New technology could amplify business opportunities for cannabis retail. And in order to prepare for mainstream competition, today’s cannabis players must be technologically savvy.
Here are five things today’s marijuana retailers should know about tomorrow.'
https://mjbizdaily.com/cannabis-retailers-embrace-tech-online-ordering-data-backed-product-suggestions/
That’s the assessment of Rick Maturo, associate director of cannabis client services at Nielsen, the national consumer-analytics company based in Chicago, and Bethany Gomez, managing director of the Brightfield Group, a cannabis-focused consumer-research firm.
New technology could amplify business opportunities for cannabis retail. And in order to prepare for mainstream competition, today’s cannabis players must be technologically savvy.
Here are five things today’s marijuana retailers should know about tomorrow.'
https://mjbizdaily.com/cannabis-retailers-embrace-tech-online-ordering-data-backed-product-suggestions/
'Annual global legal sales of adult-use cannabis are projected to double those of legal medical sales by 2025, despite the higher number of medical markets globally.
While 10 countries in the world have approved cannabis for adult use, only six have adopted systems for regulated distribution of high-THC cannabis products. The Netherlands and Spain have each adopted a decriminalized club/social-use model, and others (e.g., South Africa and Jamaica) have decriminalized cannabis for adult use but only through restricted access for certain demographics or religions (e.g., the Rastafarian community), or legalized adult-use programs but without frameworks for distribution to consumers.
During calendar year 2020, there were a total of four legally operating adult-use cannabis markets with regulated retail sales, dominated by the U.S. and Canada. Uruguay, the world’s first country to fully legalize and regulate adult-use cannabis, sold roughly 1,700 kg of high-THC cannabis to registered adults, while the Netherlands sold an estimated $104 million worth of high-THC cannabis through its network of retail coffee shops.'
https://newfrontierdata.com/cannabis-insights/catching-up-for-lost-time-legal-cannabis-markets-project-to-top-51-billion-globally-by-2025/
'The Canadian province of Ontario, the country’s biggest market with a population of nearly 14.8 million people, now has at least 1,000 licensed cannabis stores.
The government-owned Ontario Cannabis Store (OCS), the monopoly wholesaler to those stores, said in a recent blog post that the 1,000th cannabis retailer was 6 of Spade, a Black-owned business that opened Aug. 20 in Toronto.
The 1,000-store milestone marks a period of rapid market growth in the Ontario market, which initially suffered from a slow cannabis retail rollout that led to an early deficiency in legal retail outlets and correspondingly low sales.
Ontario’s store count finally surpassed the smaller province of Alberta this past April.'
https://mjbizdaily.com/canadas-biggest-cannabis-market-ontario-reaches-1000-legal-stores/
While 10 countries in the world have approved cannabis for adult use, only six have adopted systems for regulated distribution of high-THC cannabis products. The Netherlands and Spain have each adopted a decriminalized club/social-use model, and others (e.g., South Africa and Jamaica) have decriminalized cannabis for adult use but only through restricted access for certain demographics or religions (e.g., the Rastafarian community), or legalized adult-use programs but without frameworks for distribution to consumers.
During calendar year 2020, there were a total of four legally operating adult-use cannabis markets with regulated retail sales, dominated by the U.S. and Canada. Uruguay, the world’s first country to fully legalize and regulate adult-use cannabis, sold roughly 1,700 kg of high-THC cannabis to registered adults, while the Netherlands sold an estimated $104 million worth of high-THC cannabis through its network of retail coffee shops.'
https://newfrontierdata.com/cannabis-insights/catching-up-for-lost-time-legal-cannabis-markets-project-to-top-51-billion-globally-by-2025/
'The Canadian province of Ontario, the country’s biggest market with a population of nearly 14.8 million people, now has at least 1,000 licensed cannabis stores.
The government-owned Ontario Cannabis Store (OCS), the monopoly wholesaler to those stores, said in a recent blog post that the 1,000th cannabis retailer was 6 of Spade, a Black-owned business that opened Aug. 20 in Toronto.
The 1,000-store milestone marks a period of rapid market growth in the Ontario market, which initially suffered from a slow cannabis retail rollout that led to an early deficiency in legal retail outlets and correspondingly low sales.
Ontario’s store count finally surpassed the smaller province of Alberta this past April.'
https://mjbizdaily.com/canadas-biggest-cannabis-market-ontario-reaches-1000-legal-stores/
'A Native American tribe in upstate New York is taking applications for adult-use marijuana retail licenses and said it plans to respond to each application within two weeks of filing.
The Saint Regis Mohawk Tribe, which has a reservation near the Canadian border in Akwesasne, approved recreational marijuana in a community referendum in December 2019 and is keen on launching sales as soon as possible.
However, prospective licensees must first submit an adult-use cannabis business preclearance form if they haven’t done so already, the tribe said in a news release.'
https://mjbizdaily.com/new-york-tribe-opens-applications-for-adult-use-marijuana-retail-licenses/
'There were so many different ways in which you were required to provide absolute proof of your identity these days that life could easily become extremely tiresome just from that factor alone, never mind the deeper existential problems of trying to function as a coherent consciousness in an epistemologically ambiguous physical universe. Just look at cashpoint machines, for instance. Queues of people standing around waiting to have their fingerprints read, their retinas scanned, bits of skin scraped from the nape of the neck and undergoing instant (or nearly instant - a good six or seven seconds in tedious reality) genetic analysis, then having to answer trick questions about members of their family they didn't even remember they had, and about their recorded preferences for tablecloth colours. And that was just to get a bit of spare cash for the weekend. If you were trying to raise a loan for a jetcar, sign a missile treaty or pay an entire restaurant bill things could get really trying.'
- The Hitchhiker's Guide to the Galaxy, The Complete Trilogy of Five, Douglas Adams
The Saint Regis Mohawk Tribe, which has a reservation near the Canadian border in Akwesasne, approved recreational marijuana in a community referendum in December 2019 and is keen on launching sales as soon as possible.
However, prospective licensees must first submit an adult-use cannabis business preclearance form if they haven’t done so already, the tribe said in a news release.'
https://mjbizdaily.com/new-york-tribe-opens-applications-for-adult-use-marijuana-retail-licenses/
'There were so many different ways in which you were required to provide absolute proof of your identity these days that life could easily become extremely tiresome just from that factor alone, never mind the deeper existential problems of trying to function as a coherent consciousness in an epistemologically ambiguous physical universe. Just look at cashpoint machines, for instance. Queues of people standing around waiting to have their fingerprints read, their retinas scanned, bits of skin scraped from the nape of the neck and undergoing instant (or nearly instant - a good six or seven seconds in tedious reality) genetic analysis, then having to answer trick questions about members of their family they didn't even remember they had, and about their recorded preferences for tablecloth colours. And that was just to get a bit of spare cash for the weekend. If you were trying to raise a loan for a jetcar, sign a missile treaty or pay an entire restaurant bill things could get really trying.'
- The Hitchhiker's Guide to the Galaxy, The Complete Trilogy of Five, Douglas Adams
'Retail sales of legal adult-use cannabis in Canada increased to nearly 318.7 million Canadian dollars ($246.9 million) in June, growing more than 1.7% from the previous record set in May.
The seasonally unadjusted national retail sales figure released Friday by Statistics Canada represents a fourth consecutive month of growth for Canada’s regulated cannabis sector, despite the fact June has one fewer day than May.
Statistics Canada’s sales total for May was revised downward slightly to CA$313.2 million.
Year-over-year, June recreational cannabis sales in Canada increased by 58.5%.'
https://mjbizdaily.com/canadas-retail-cannabis-sales-grow-to-ca318-7-million-in-june/
'Their report indicates that adult-use retail stores are integrated throughout most of the state.
“Over 80 percent of Michiganders now live within a 20-minute drive of an adult-use retail store,” said Brian Peterson, AEG director of public policy and economic analysis. “Our analysis shows that the retailers have established themselves across the state in order to meet consumer demand for cannabis.”
The Michigan experience differs from that of some other states, like California, where a majority of cities have prohibited the establishment of local retail stores. In New Jersey, where commercial sales are expected to begin next year, nearly half of cities and towns have opted out of permitting local marijuana businesses. '
https://norml.org/news/2021/08/19/michigan-most-residents-live-within-20-minutes-of-a-marijuana-retailer
'Consistent with prior studies, investigators identified virtually no incidences of retailers selling cannabis to patrons without first validating that they were age 21 or older.
They reported, “California laws further require ID check before any purchase, and overall compliance with this rule was high at 678 [out of 700 eligible] RCDs [recreational cannabis dispensaries] (96.8 percent).”
Studies from other states where marijuana sales are legal, such as Colorado and Oregon, have similarly reported exceptionally high compliance rates among licensed facilities. '
https://norml.org/news/2021/08/19/california-retailers-not-selling-cannabis-to-underage-patrons
“Over 80 percent of Michiganders now live within a 20-minute drive of an adult-use retail store,” said Brian Peterson, AEG director of public policy and economic analysis. “Our analysis shows that the retailers have established themselves across the state in order to meet consumer demand for cannabis.”
The Michigan experience differs from that of some other states, like California, where a majority of cities have prohibited the establishment of local retail stores. In New Jersey, where commercial sales are expected to begin next year, nearly half of cities and towns have opted out of permitting local marijuana businesses. '
https://norml.org/news/2021/08/19/michigan-most-residents-live-within-20-minutes-of-a-marijuana-retailer
'Consistent with prior studies, investigators identified virtually no incidences of retailers selling cannabis to patrons without first validating that they were age 21 or older.
They reported, “California laws further require ID check before any purchase, and overall compliance with this rule was high at 678 [out of 700 eligible] RCDs [recreational cannabis dispensaries] (96.8 percent).”
Studies from other states where marijuana sales are legal, such as Colorado and Oregon, have similarly reported exceptionally high compliance rates among licensed facilities. '
https://norml.org/news/2021/08/19/california-retailers-not-selling-cannabis-to-underage-patrons
'The Denver location of Colorado marijuana retail chain Strawberry Fields is the city’s first recipient of a cannabis delivery license.
Possessing that permit means Strawberry Fields may legally offer marijuana delivery in Denver once the business makes arrangements with a licensed transport service, a city official told MJBizDaily via email.
The retailer told Denverite that it intends to start working with transport service Doobba to provide direct-to-consumer delivery once the city approves the transport company’s license.
The Denver City Council approved cannabis delivery in April through a program that gives priority to social equity applicants.'
https://mjbizdaily.com/denver-approves-first-marijuana-retailer-to-work-with-licensed-delivery-service/
'Americans spent more than $12 billion on legal cannabis products in the first six months of 2021, according to data analyzed by Leafly and Whitney Economics.
That’s nearly as much as Americans spent on milk in all of 2020. According to the Dairy Farmers of America, consumers spent roughly $12.6 billion on milk last year.
Cannabis sales topped $18 billion in 2020. The six-month trend in 2021 puts the industry on pace to reach $25 billion to $26 billion in sales by the end of the year. That would represent a year-over-year revenue increase of roughly 35%.
That growth would continue the cannabis industry’s position as the nation’s fastest-growing industry. In 2020, sales revenue increased roughly 60% over 2019, driven by increased buying during the coronavirus pandemic. '
https://www.leafly.com/news/industry/americans-on-pace-to-spend-twice-as-much-on-weed-as-on-milk
'The explosive growth of e-commerce during the COVID-19 pandemic has propelled new interest in acquisitions involving direct-to-consumer cannabis delivery.
Some marijuana companies have acquired delivery-only cannabis dispensaries, while others have spent more to acquire vertically integrated MJ firms with home-delivery operations included.
Companies involved in recent delivery-related acquisitions have said that the deals help them:
- Quickly access an existing base of loyal delivery customers.
- Gain delivery expertise to apply to their existing operations.
- Leverage delivery assets in other U.S. markets.'
https://mjbizdaily.com/online-cannabis-sales-boom-amid-covid-19-spurs-delivery-service-acquisitions/
Possessing that permit means Strawberry Fields may legally offer marijuana delivery in Denver once the business makes arrangements with a licensed transport service, a city official told MJBizDaily via email.
The retailer told Denverite that it intends to start working with transport service Doobba to provide direct-to-consumer delivery once the city approves the transport company’s license.
The Denver City Council approved cannabis delivery in April through a program that gives priority to social equity applicants.'
https://mjbizdaily.com/denver-approves-first-marijuana-retailer-to-work-with-licensed-delivery-service/
'Americans spent more than $12 billion on legal cannabis products in the first six months of 2021, according to data analyzed by Leafly and Whitney Economics.
That’s nearly as much as Americans spent on milk in all of 2020. According to the Dairy Farmers of America, consumers spent roughly $12.6 billion on milk last year.
Cannabis sales topped $18 billion in 2020. The six-month trend in 2021 puts the industry on pace to reach $25 billion to $26 billion in sales by the end of the year. That would represent a year-over-year revenue increase of roughly 35%.
That growth would continue the cannabis industry’s position as the nation’s fastest-growing industry. In 2020, sales revenue increased roughly 60% over 2019, driven by increased buying during the coronavirus pandemic. '
https://www.leafly.com/news/industry/americans-on-pace-to-spend-twice-as-much-on-weed-as-on-milk
'The explosive growth of e-commerce during the COVID-19 pandemic has propelled new interest in acquisitions involving direct-to-consumer cannabis delivery.
Some marijuana companies have acquired delivery-only cannabis dispensaries, while others have spent more to acquire vertically integrated MJ firms with home-delivery operations included.
Companies involved in recent delivery-related acquisitions have said that the deals help them:
- Quickly access an existing base of loyal delivery customers.
- Gain delivery expertise to apply to their existing operations.
- Leverage delivery assets in other U.S. markets.'
https://mjbizdaily.com/online-cannabis-sales-boom-amid-covid-19-spurs-delivery-service-acquisitions/
'Authors reported, “Living near more outlets of any type was not significantly associated with intentions to use in the full sample, adjusting for individual- and neighborhood-level characteristics.”
They concluded: “This is the first study to simultaneously examine the density of both MCDs [medical cannabis dispensaries] and RCRs [recreational cannabis retailers] around young adults’ homes and associations with future intentions to use cannabis, including the co-use of cannabis with tobacco/nicotine. Our results suggest that young adults who lived in an area with a greater density of any type of outlet were not significantly more likely to report stronger intentions to use cannabis, e-cigarettes, or cannabis mixed with tobacco/nicotine in the future.”'
https://norml.org/blog/2021/07/12/density-of-cannabis-outlets-not-associated-with-increased-intention-to-use-marijuana-by-young-adults/
They concluded: “This is the first study to simultaneously examine the density of both MCDs [medical cannabis dispensaries] and RCRs [recreational cannabis retailers] around young adults’ homes and associations with future intentions to use cannabis, including the co-use of cannabis with tobacco/nicotine. Our results suggest that young adults who lived in an area with a greater density of any type of outlet were not significantly more likely to report stronger intentions to use cannabis, e-cigarettes, or cannabis mixed with tobacco/nicotine in the future.”'
https://norml.org/blog/2021/07/12/density-of-cannabis-outlets-not-associated-with-increased-intention-to-use-marijuana-by-young-adults/
'The author added, “We found that cities with more dispensaries are positively correlated with higher home values, suggesting legalization boosts jobs and economic growth. … With each new dispensary a city adds, property values increase by $519.”
She concluded: “As more states legalize marijuana, there is strong evidence that legalization drives higher property values — particularly in areas that allow recreational marijuana and welcome retail dispensaries. … These investments can improve quality of life in communities across the nation while attracting tourism and new residents who drive real estate demand.”'
https://norml.org/blog/2021/07/13/analysis-marijuana-legalization-correlates-with-higher-home-values/
She concluded: “As more states legalize marijuana, there is strong evidence that legalization drives higher property values — particularly in areas that allow recreational marijuana and welcome retail dispensaries. … These investments can improve quality of life in communities across the nation while attracting tourism and new residents who drive real estate demand.”'
https://norml.org/blog/2021/07/13/analysis-marijuana-legalization-correlates-with-higher-home-values/
'A handful of California cannabis manufacturers and brands have begun selling their products directly to customers through their websites, effectively bypassing traditional brick-and-mortar retail shops and delivery companies that have long been the gatekeepers to marijuana consumers.'
https://mjbizdaily.com/california-cannabis-brands-begin-selling-direct-to-consumer-sales/
https://mjbizdaily.com/california-cannabis-brands-begin-selling-direct-to-consumer-sales/
'According to a recent study, 1 in 3 Americans would like to be able to purchase cannabis in grocery stores. They’d also like to see weed in newsstands, convenience stores, and gas stations.
The study, conducted by a marketing company called Digital Third Coast (DTC,) surveyed 1,062 participants in April of 2021. Of the respondents, 31% were game for cannabis in food aisles. 26% of respondents also believed cannabis dispensaries should be free to open near schools, houses of worship, or residential areas.
“We think people want to see cannabis in grocery stores for the ease and convenience of it, and also likely for the de-stigmatizing effects it would have,” Odette Rivera Davis, a Content Strategist at DTC who was involved in the study, told GreenState. “We’ve noticed an increase in interest around cannabis by the general public.”'
https://www.sfgate.com/cannabis/article/Where-s-the-weed-aisle-Study-shows-1-in-3-16289560.php
The study, conducted by a marketing company called Digital Third Coast (DTC,) surveyed 1,062 participants in April of 2021. Of the respondents, 31% were game for cannabis in food aisles. 26% of respondents also believed cannabis dispensaries should be free to open near schools, houses of worship, or residential areas.
“We think people want to see cannabis in grocery stores for the ease and convenience of it, and also likely for the de-stigmatizing effects it would have,” Odette Rivera Davis, a Content Strategist at DTC who was involved in the study, told GreenState. “We’ve noticed an increase in interest around cannabis by the general public.”'
https://www.sfgate.com/cannabis/article/Where-s-the-weed-aisle-Study-shows-1-in-3-16289560.php
'The products range from those in the food category, like hemp hearts, hemp seeds and hemp seed oil, to personal care products like body oils, shampoos and soap bars, and wellness products made of medical cannabis or Vijaya leaf extract, such as their CannaReleaf range of edible oils for stress and pain management, including complaints like migraine and arthritis (these are available only with a medical prescription). The company has tied up with licensed Ayurvedic practitioners who will be available by appointment at the store/clinic to prescribe the right products to patients. '
https://lifestyle.livemint.com/health/wellness/boheco-lauches-first-offline-store-in-bengaluru-111619171096553.html
https://lifestyle.livemint.com/health/wellness/boheco-lauches-first-offline-store-in-bengaluru-111619171096553.html
'By April 20 Ontario had 613 stores, surpassing Alberta to have the most marijuana outlets of any Canadian province.
As of last week, that number had grown to 800 authorized retailers open for business, according to OCS.
The average distance from consumers’ homes to a licensed marijuana store decreased from 9.5 kilometers (5.9 miles) in the third quarter of OCS’ fiscal year to 6.5 kilometers at the end of March, OCS reported.'
https://mjbizdaily.com/ontario-cannabis-store-growing-competition-may-cause-store-closures/
'Fruit flavors dominate sales of THC-infused cannabis edibles, accounting for more than three-quarters of all edibles sales in five Western states: California, Colorado, Nevada, Oregon and Washington.
Those sales were driven mostly by gummies, which account for more than 83% of the market share for the category.
The dominance of fruit-based products provides a tough hill to climb for manufacturers introducing non-fruit flavors.
But an MJBizDaily analysis of adult-use retail data provided by Seattle-based analytics company Headset shows opportunities for retailers and manufacturers with unique or exotic fruit flavors that have low competition and higher-than-average sales.'
https://mjbizdaily.com/fruit-flavors-dominate-sales-of-adult-use-thc-infused-edibles/
'Quebec’s government-run cannabis store operator, the Société québécoise du cannabis (SQDC), generated net income of 66.5 million Canadian dollars ($55 million) in its recently concluded fiscal year, according to its annual report.
The SQDC reported annual sales CA$537 million for the 2020-21 fiscal year, a substantial increase over the previous year’s CA$ $311.6 million in sales.
The SQDC attributed the increased revenue to its expanding network of stores, which grew by 25 points of sale last year to 66 outlets.'
https://mjbizdaily.com/quebecs-cannabis-store-operator-posts-ca66-5-million-profit/
' “Along with music, herb was such an important part of my father’s life. He was always a strong advocate for marijuana and all of its healing qualities. We are thrilled to honor him and his contribution to the world of music and now cannabis at the Bob Marley Museum,” said Stephen Marley.
“We are thrilled to work with the Marley family to bring the Marley Natural portfolio to Jamaica through this flagship retail location. This unique cannabis experience will bring to life the ethos of Bob Marley,” said Damian Marano, CEO, Docklight Brands. “It is incredibly meaningful to have the first Marley Natural dispensary in the world at the Bob Marley Museum in Kingston, Jamaica.” '
https://www.businesswire.com/news/home/20210607005453/en/Marley-Natural®-Flagship-Cannabis-Retail-Store-to-Open-at-the-Bob-Marley-Museum-in-Jamaica/
As of last week, that number had grown to 800 authorized retailers open for business, according to OCS.
The average distance from consumers’ homes to a licensed marijuana store decreased from 9.5 kilometers (5.9 miles) in the third quarter of OCS’ fiscal year to 6.5 kilometers at the end of March, OCS reported.'
https://mjbizdaily.com/ontario-cannabis-store-growing-competition-may-cause-store-closures/
'Fruit flavors dominate sales of THC-infused cannabis edibles, accounting for more than three-quarters of all edibles sales in five Western states: California, Colorado, Nevada, Oregon and Washington.
Those sales were driven mostly by gummies, which account for more than 83% of the market share for the category.
The dominance of fruit-based products provides a tough hill to climb for manufacturers introducing non-fruit flavors.
But an MJBizDaily analysis of adult-use retail data provided by Seattle-based analytics company Headset shows opportunities for retailers and manufacturers with unique or exotic fruit flavors that have low competition and higher-than-average sales.'
https://mjbizdaily.com/fruit-flavors-dominate-sales-of-adult-use-thc-infused-edibles/
'Quebec’s government-run cannabis store operator, the Société québécoise du cannabis (SQDC), generated net income of 66.5 million Canadian dollars ($55 million) in its recently concluded fiscal year, according to its annual report.
The SQDC reported annual sales CA$537 million for the 2020-21 fiscal year, a substantial increase over the previous year’s CA$ $311.6 million in sales.
The SQDC attributed the increased revenue to its expanding network of stores, which grew by 25 points of sale last year to 66 outlets.'
https://mjbizdaily.com/quebecs-cannabis-store-operator-posts-ca66-5-million-profit/
' “Along with music, herb was such an important part of my father’s life. He was always a strong advocate for marijuana and all of its healing qualities. We are thrilled to honor him and his contribution to the world of music and now cannabis at the Bob Marley Museum,” said Stephen Marley.
“We are thrilled to work with the Marley family to bring the Marley Natural portfolio to Jamaica through this flagship retail location. This unique cannabis experience will bring to life the ethos of Bob Marley,” said Damian Marano, CEO, Docklight Brands. “It is incredibly meaningful to have the first Marley Natural dispensary in the world at the Bob Marley Museum in Kingston, Jamaica.” '
https://www.businesswire.com/news/home/20210607005453/en/Marley-Natural®-Flagship-Cannabis-Retail-Store-to-Open-at-the-Bob-Marley-Museum-in-Jamaica/
'CBD has been touted for a variety of wellness and therapeutic applications — whether from aches and pains, to relaxation, to treating acute medical conditions. Accordingly, consumers’ reasons vary for their use of it. In a survey of U.S. CBD users, New Frontier Data found that consumers differ profoundly about their primary motivations for using it. A new report provides analysis of four key demographic cohorts driving consumption, and summarizes key market differences defining use behaviors and preferences for each'
https://newfrontierdata.com/cannabis-insights/who-is-driving-cbd-consumption-four-groups-define-sales/
'In case you missed it, the worldwide delivery giant announced its support for nationwide legalization via the MORE Act and said the company would stop drug-testing some employees for cannabis use.
Amazon’s support for cannabis legalization is a big deal. The company employs nearly 1.3 million people worldwide, and this announcement knocks the legs out of the prohibitionist fable that people who enjoy weed on their own time can’t be healthy, happy, and productive workers.'
https://www.leafly.com/news/politics/yes-amazon-will-sell-weed-stop-worrying-and-start-acting
'High-THC products have increased the share of over overall sales in California, Colorado and Washington state since 2018.
California, meanwhile, experienced a 7.4 percentage point drop in high-CBD-ratio products during that time. But the state saw an increase of almost 8 percentage points for products with more THC than CBD.
By contrast, the market share of THC-heavy CBD products in Colorado has declined 2.2 percentage points since 2018, while equal-and high-ratio CBD products increased.'
https://mjbizdaily.com/sales-of-cbd-only-products-declining-in-recreational-marijuana-shops/
'Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), showed that Tuesday, April 20, a widely-popular yet unofficial "holiday" celebrating cannabis consumption, was the highest sales day for retail cannabis ever recorded, with approximately $111,815,824 in medical and adult-use sales. The 5-day period surrounding the holiday (4/16 - 4/20) grossed over $373,787,685.'
https://www.prnewswire.com/news-releases/akerna-flash-report-reaches-new-high-420-cannabis-sales-totaled-over-111-8-million-marking-the-most-profitable-day-for-cannabis-in-legal-retail-history-301278765.html
https://newfrontierdata.com/cannabis-insights/who-is-driving-cbd-consumption-four-groups-define-sales/
'In case you missed it, the worldwide delivery giant announced its support for nationwide legalization via the MORE Act and said the company would stop drug-testing some employees for cannabis use.
Amazon’s support for cannabis legalization is a big deal. The company employs nearly 1.3 million people worldwide, and this announcement knocks the legs out of the prohibitionist fable that people who enjoy weed on their own time can’t be healthy, happy, and productive workers.'
https://www.leafly.com/news/politics/yes-amazon-will-sell-weed-stop-worrying-and-start-acting
'High-THC products have increased the share of over overall sales in California, Colorado and Washington state since 2018.
California, meanwhile, experienced a 7.4 percentage point drop in high-CBD-ratio products during that time. But the state saw an increase of almost 8 percentage points for products with more THC than CBD.
By contrast, the market share of THC-heavy CBD products in Colorado has declined 2.2 percentage points since 2018, while equal-and high-ratio CBD products increased.'
https://mjbizdaily.com/sales-of-cbd-only-products-declining-in-recreational-marijuana-shops/
'Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry's first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), showed that Tuesday, April 20, a widely-popular yet unofficial "holiday" celebrating cannabis consumption, was the highest sales day for retail cannabis ever recorded, with approximately $111,815,824 in medical and adult-use sales. The 5-day period surrounding the holiday (4/16 - 4/20) grossed over $373,787,685.'
https://www.prnewswire.com/news-releases/akerna-flash-report-reaches-new-high-420-cannabis-sales-totaled-over-111-8-million-marking-the-most-profitable-day-for-cannabis-in-legal-retail-history-301278765.html
'From a striking black-and-white dispensary in Carmel-by-the-Sea, California, to a colorful spot in South Portland, Maine, that redefines funky interiors, these stylish boutiques offer more than supremely green grass. Gone are the days of undignified stoner culture that had Cher Horowitz huffing “As if!” Rolling a joint and timing an edible have, as of late, become coveted skills that even the most sophisticated sets will happily endorse. Take a peek inside 12 of the most elegant dispensaries that will make you want to kick back and light up.'
https://www.architecturaldigest.com/story/inside-12-of-the-countrys-most-stylish-cannabis-dispensaries/amp
'For many, 4/20 was just another date on the calendar. But for cannabis businesses and customers across the nation, Tuesday’s 50th anniversary of the unofficial marijuana holiday offered a fresh start following a tumultuous year that saw the pandemic upend retail businesses.
While the coronavirus pandemic put the kibosh on live 4/20 celebrations last year and altered activities for the high holiday on Tuesday, businesses still reported increased foot traffic and people emerging from isolation to find bargains on their favorite cannabis products, live music and celebrities peddling free merch and coupons.'
https://mjbizdaily.com/retail-marijuana-stores-offer-discounts-merch-see-more-shoppers-on-4-20/
https://www.architecturaldigest.com/story/inside-12-of-the-countrys-most-stylish-cannabis-dispensaries/amp
'For many, 4/20 was just another date on the calendar. But for cannabis businesses and customers across the nation, Tuesday’s 50th anniversary of the unofficial marijuana holiday offered a fresh start following a tumultuous year that saw the pandemic upend retail businesses.
While the coronavirus pandemic put the kibosh on live 4/20 celebrations last year and altered activities for the high holiday on Tuesday, businesses still reported increased foot traffic and people emerging from isolation to find bargains on their favorite cannabis products, live music and celebrities peddling free merch and coupons.'
https://mjbizdaily.com/retail-marijuana-stores-offer-discounts-merch-see-more-shoppers-on-4-20/
'None of the top 10 weeks (based on revenue) for 2016-20 have fallen in January, February, March or May.
Most of the highest-revenue weeks during that same time fell in late summer, starting with August, or in December.
In 2019, high-revenue weeks shifted almost entirely toward the last part of the year, leaving the week of 4/20 as a stark sales high point for the first six months of the year.'
https://mjbizdaily.com/three-takeaways-from-4-20-cannabis-sales-data/
Most of the highest-revenue weeks during that same time fell in late summer, starting with August, or in December.
In 2019, high-revenue weeks shifted almost entirely toward the last part of the year, leaving the week of 4/20 as a stark sales high point for the first six months of the year.'
https://mjbizdaily.com/three-takeaways-from-4-20-cannabis-sales-data/
'Back in the day, choosing what cannabis to consume was all about three little letters — THC — and the more of it there was, the higher you’d get.
Today, picking a product means facing an avalanche of acronyms, each representing a lesser-known chemical compound derived from the cannabis plant and each with its potential health and wellness superpower. Here’s a guide to help cut down on confusion.'
https://www.latimes.com/lifestyle/story/2021-04-15/cannabis-101-thc-cbd-minor-cannabinoids-to-know
Today, picking a product means facing an avalanche of acronyms, each representing a lesser-known chemical compound derived from the cannabis plant and each with its potential health and wellness superpower. Here’s a guide to help cut down on confusion.'
https://www.latimes.com/lifestyle/story/2021-04-15/cannabis-101-thc-cbd-minor-cannabinoids-to-know
'People compare particular strains to a variety of scents: lemon, pine, cloves, wood, skunk, and even diesel. There are many things cannabis can smell like, but do any of them indicate a whiff of trouble?
Here are the most common olfactory clues that something’s wrong with your cannabis:'
https://www.leafly.com/news/strains-products/what-cannabis-should-not-smell-like
'The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand.
Retail flower prices in California, Colorado, Nevada and Washington state collectively grew 17%, with the price of pre-rolls also increasing 15%.
The retail data, provided by Seattle-based cannabis analytics company Headset, reflects the average item price for the past 90 days compared to the same period last year.'
https://mjbizdaily.com/retail-prices-for-recreational-marijuana-flower-rise-in-response-to-record-demand-amid-pandemic/
Here are the most common olfactory clues that something’s wrong with your cannabis:'
https://www.leafly.com/news/strains-products/what-cannabis-should-not-smell-like
'The average retail price for smokable recreational marijuana products in four Western states continued to increase throughout the coronavirus pandemic, thanks to record demand.
Retail flower prices in California, Colorado, Nevada and Washington state collectively grew 17%, with the price of pre-rolls also increasing 15%.
The retail data, provided by Seattle-based cannabis analytics company Headset, reflects the average item price for the past 90 days compared to the same period last year.'
https://mjbizdaily.com/retail-prices-for-recreational-marijuana-flower-rise-in-response-to-record-demand-amid-pandemic/
'Consistent with prior ecological studies, such as those here, here, and here, investigators “found that increased medical and recreational storefront dispensary counts are associated with reduced opioid related mortality rates during the study period. These associations appear particularly strong for deaths related to synthetic opioids such as fentanyl. Given the alarming rise in the fentanyl-based market in the US, and the increase in deaths involving fentanyl and its analogs in recent years, the question of how legal cannabis availability relates to opioid related deaths is particularly pressing. Overall, our study contributes to understanding the supply side of related drug markets and how it shapes opioid use and misuse.”'
https://norml.org/news/2021/02/04/rising-volume-of-storefront-dispensaries-associated-with-declines-in-opioid-related-fatalities
https://norml.org/news/2021/02/04/rising-volume-of-storefront-dispensaries-associated-with-declines-in-opioid-related-fatalities
'E-commerce behemoth Amazon is likely to get involved in hemp CBD U.S. retail, according to a forecast revealed during the Hemp Industry Daily Forum as part of the cannabis industry’s flagship conference, MJBizCon.
Sales of hemp CBD products are expected to grow to nearly $7 billion by 2025, and a federal ruling on CBD regulation will bring bigger players like Amazon and other established brands into the CBD fray, Rick Maturo of Nielsen Global Connect told event attendees.
The market research firm expects Amazon’s entry to “ultimately cause greater price compression, and even some attrition, among some of those exclusive online brands and brands that are selling primarily online,” Maturo said.'
https://hempindustrydaily.com/nielsen-predicts-amazon-entry-into-u-s-cbd-retail-at-mjbizcon-hemp-forum/
'First, the canard. Legal recreational cannabis simply does not fit into the orderly, branded, and nationally distributed box as other popular (and profitable) consumer goods. This is because a perishable agricultural product with a limited shelf life is not like beer, cigarettes, software, or any of the other neat and easy comparisons found on investor decks and marketing materials. This is particularly true when the commodity in question is illegal to ship across state lines.'
https://www.forbes.com/sites/chrisroberts/2020/10/13/there-is-no-mcdonalds-of-marijuana-why-cannabis-companies-get-this-wrong-and-what-might-actually-work/
Sales of hemp CBD products are expected to grow to nearly $7 billion by 2025, and a federal ruling on CBD regulation will bring bigger players like Amazon and other established brands into the CBD fray, Rick Maturo of Nielsen Global Connect told event attendees.
The market research firm expects Amazon’s entry to “ultimately cause greater price compression, and even some attrition, among some of those exclusive online brands and brands that are selling primarily online,” Maturo said.'
https://hempindustrydaily.com/nielsen-predicts-amazon-entry-into-u-s-cbd-retail-at-mjbizcon-hemp-forum/
'First, the canard. Legal recreational cannabis simply does not fit into the orderly, branded, and nationally distributed box as other popular (and profitable) consumer goods. This is because a perishable agricultural product with a limited shelf life is not like beer, cigarettes, software, or any of the other neat and easy comparisons found on investor decks and marketing materials. This is particularly true when the commodity in question is illegal to ship across state lines.'
https://www.forbes.com/sites/chrisroberts/2020/10/13/there-is-no-mcdonalds-of-marijuana-why-cannabis-companies-get-this-wrong-and-what-might-actually-work/
'Hemp Industry Daily has formed an alliance with data analytics giant Nielsen Global Connect to provide insights on hemp and CBD retail markets and consumer purchasing behaviors.
“As CBD encroaches into the retail space, pairing our hemp industry knowledge and analysis with Nielsen’s amazing intelligence and extensive consumer research will better enable us to provide our readers with the insights they need, beyond just the cannabis and hemp sector,” said Shannon Shuman, Vice President of Hemp Industry Daily.'
https://hempindustrydaily.com/hemp-industry-daily-partners-with-global-analytics-company-nielsen/
“As CBD encroaches into the retail space, pairing our hemp industry knowledge and analysis with Nielsen’s amazing intelligence and extensive consumer research will better enable us to provide our readers with the insights they need, beyond just the cannabis and hemp sector,” said Shannon Shuman, Vice President of Hemp Industry Daily.'
https://hempindustrydaily.com/hemp-industry-daily-partners-with-global-analytics-company-nielsen/
'New data on senior cannabis use shows why these strategies matter.
Past-month cannabis use for Americans 65-69 years old increased between 2016 and 2018, from 4.3% to 8.2% for men and from 2.1% to 3.8% among women, according to a new report published in the prestigious journal Annals of Internal Medicine.'
https://mjbizdaily.com/how-cannabis-stores-attract-and-keep-senior-shoppers-even-during-covid-19/
'To better understand the numbers, it may be instructive to consider which and how many retailers are carrying CBD products, and their national reach. In gauging the CBD industry’s retail presence, while it is impossible to maintain a perfect inventory of each gas station and c-store that offers CBD products, one approach for sizing up the market’s retail presence is by tracking the large national retailers carrying CBD products, and examining their retail footprint.
While retail giants like Walmart have yet to step into the fray, smaller yet meanwhile significant companies have been stocking their shelves with CBD products through locations numbering more than 8,200 nationally.'
https://newfrontierdata.com/cannabis-insights/u-s-consumers-search-for-cbd-runs-from-gas-stations-to-grocery-stores/
Past-month cannabis use for Americans 65-69 years old increased between 2016 and 2018, from 4.3% to 8.2% for men and from 2.1% to 3.8% among women, according to a new report published in the prestigious journal Annals of Internal Medicine.'
https://mjbizdaily.com/how-cannabis-stores-attract-and-keep-senior-shoppers-even-during-covid-19/
'To better understand the numbers, it may be instructive to consider which and how many retailers are carrying CBD products, and their national reach. In gauging the CBD industry’s retail presence, while it is impossible to maintain a perfect inventory of each gas station and c-store that offers CBD products, one approach for sizing up the market’s retail presence is by tracking the large national retailers carrying CBD products, and examining their retail footprint.
While retail giants like Walmart have yet to step into the fray, smaller yet meanwhile significant companies have been stocking their shelves with CBD products through locations numbering more than 8,200 nationally.'
https://newfrontierdata.com/cannabis-insights/u-s-consumers-search-for-cbd-runs-from-gas-stations-to-grocery-stores/
'The millions of dollars in overall losses incurred by business owners – who have had mixed success getting paid back by insurance companies – underscores the importance of security for cannabis retailers.
Several business owners told Marijuana Business Daily they believed the damages and looting that began the last weekend in May was carried out by professional criminals rather than protesters.
Afterward, retail stores sat shuttered for weeks, leading to massive sums of lost revenue while the buildings were being repaired and owners waited on state regulators to reinspect and approve the changes.
The targeted retail outlets ranged from shops owned by large multistate operators to tiny independent social equity companies in California'
https://mjbizdaily.com/some-cannabis-retailers-looted-two-months-ago-reopen-but-others-still-closed/
Several business owners told Marijuana Business Daily they believed the damages and looting that began the last weekend in May was carried out by professional criminals rather than protesters.
Afterward, retail stores sat shuttered for weeks, leading to massive sums of lost revenue while the buildings were being repaired and owners waited on state regulators to reinspect and approve the changes.
The targeted retail outlets ranged from shops owned by large multistate operators to tiny independent social equity companies in California'
https://mjbizdaily.com/some-cannabis-retailers-looted-two-months-ago-reopen-but-others-still-closed/
'Authors highlighted record sales totals in several states. In Oregon, retails sales of marijuana products totaled an estimated $100 million in May, the single-highest monthly total ever reported in the state. In Colorado, marijuana-related sales in May totaled $192 million, also a record high. Sales of medical cannabis products in Florida and Oklahoma have also maintained month-over-month growth during this same time period.
Authors concluded, “One unanticipated effect of the COVID-19 pandemic has been the growth acceleration of legal cannabis markets (and erosion of the illicit markets) in those states which have activated both medical and adult-use sales.”'
https://norml.org/news/2020/07/30/states-experience-record-surge-in-retail-marijuana-sales
Authors concluded, “One unanticipated effect of the COVID-19 pandemic has been the growth acceleration of legal cannabis markets (and erosion of the illicit markets) in those states which have activated both medical and adult-use sales.”'
https://norml.org/news/2020/07/30/states-experience-record-surge-in-retail-marijuana-sales
' - Among all survey respondents who have ever either purchased and consumed CBD, 25% of CBD consumers rarely know which brand is being purchased.
- One-quarter (25%) of CBD consumers report using new brands at least as often as familiar brands.
- Four in 10 (40%) claim that a brand influences their purchasing decisions.
- Four in 10 (40%) prefer to buy from certain brands.
- More than one-third (36%) report seeking specific brands.
- More than one-half (53%) agree that the brands they want are accessible.
- More than four in 10 (42%) claim to prefer purchasing brand name or premium products'
https://newfrontierdata.com/cannabis-insights/brand-preferences-among-u-s-cbd-consumers/
- One-quarter (25%) of CBD consumers report using new brands at least as often as familiar brands.
- Four in 10 (40%) claim that a brand influences their purchasing decisions.
- Four in 10 (40%) prefer to buy from certain brands.
- More than one-third (36%) report seeking specific brands.
- More than one-half (53%) agree that the brands they want are accessible.
- More than four in 10 (42%) claim to prefer purchasing brand name or premium products'
https://newfrontierdata.com/cannabis-insights/brand-preferences-among-u-s-cbd-consumers/
'From the supply-side, consumer brands were quick to anticipate and respond to potential changes in consumer preferences, especially from an accessibility angle. Leading brands, including Papa and Barkley and Cresco Labs, have accelerated the launch of value product lines to accommodate cash-strapped customers. Other retailers, from California to Michigan, have started offering compassionate pricing policies for patrons who need financial assistance to purchase their medical or wellness products. As the national unemployment rate continues to climb, consumers will likely exhibit more conservative spending habits until lawmakers agree on measures to reopen the economy.'
https://www.adweek.com/brand-marketing/what-the-cannabis-industrys-overnight-transition-teaches-us-about-the-new-retail/
https://www.adweek.com/brand-marketing/what-the-cannabis-industrys-overnight-transition-teaches-us-about-the-new-retail/
'One day Herman told me about a kilo of first-class New Orleans weed I could pick up for seventy dollars. Pushing weed looked good on paper, like fur farming or raising frogs. At seventy-five cents a stick, seventy sticks to the ounce, it sounded like money. I was convinced, and bought the weed.' - Junky, William S Burroughs, 1977, originally published in 1953
'Tea heads are not like junkies. A junkie hands you the money, takes his junk and cuts. But tea heads don't do things that way. They expect the peddler to light them up and sit around talking for half an hour to sell two dollars worth of weed. If you come right to the point, they say you are a "bring down." In fact, a peddlar should not come right out and say he is a peddler. No, he just scores for a few good "cats and "chicks" because he is viperish. Everyone knows that he himself is the connection, but it is bad form to say so. God knows why. To me, tea heads are unfathomable.' - Junky, William S Burroughs, 1977, originally published in 1953
'More than a dozen new dispensaries could open in Nevada’s booming retail marijuana market in the coming weeks after a judge gave the go-ahead Thursday to companies that underwent background checks and won licenses.
State marijuana regulators said as many as 36 stores could open.'
https://mjbizdaily.com/nevada-judge-gives-ok-for-more-retail-cannabis-stores-to-open/
'Illinois awarded its first licenses to businesses that can sell recreational cannabis when it becomes legal in the state next year.
State regulators announced the five medical marijuana dispensaries where residents will be able to buy small amounts of recreational marijuana products starting Jan. 1.'
https://mjbizdaily.com/illinois-licenses-first-five-adult-use-marijuana-retailers/
'"Unregulated illicit market cannabis products, like products in an unregulated marketplace, are of variable quality and may put some consumers at risk," Armentano said. "These incidents linked to the use of unregulated, illicit market vapor cartridges reinforce the need for greater market regulation, standardization, and oversight — principles which NORML has consistently called for in the cannabis space. Consumers must also be aware that not all products are created equal; quality control testing is critical and only exists in the legally regulated marketplace."'
https://norml.org/news/2019/08/29/hospitalizations-linked-to-use-of-unregulated-vapor-cartridges
'With over 1500 brands on the market, how can retailers know which brands to choose? Here is one retailer’s perspective on the best way to go about stocking your shelves with high-quality hemp CBD brands.'
https://www.supermarketnews.com/organic-natural/6-retailer-tips-stocking-high-quality-hemp-cbd-brands
"We don’t think this is something only we should do, but we are really hoping to start the conversation," she said. "We are really hoping to create a better connection between the cannabis industry and the environment in general."
https://www.king5.com/article/news/local/west-seattle-weed-marijuana-shop-starts-recycling-program/281-5fa77945-3abd-4aaf-96c5-590298691799
'Applicants that qualify for the city’s social equity program will get priority in having their applications processed.
But only 100 retail licenses will be awarded during the coming application period, and they’ll be available on a first-come, first-served basis, according to the DCR website.'
https://mjbizdaily.com/los-angeles-opens-next-cannabis-licensing-round-for-100-retail-permits/
'Members of the state's Cannabis Control Commission decided this week in favor of regulations to establish licensing for retail cannabis deliveries and for limited on-site consumption facilities.'
https://norml.org/news/2019/09/26/massachusetts-regulators-vote-in-favor-of-cannabis-deliveries-on-site-consumption-facilities
'The sale of non-medical cannabis through legal sources represents only a portion of the cannabis market, as it appears that a substantial proportion of users still rely on illegal sources to obtain cannabis (42 per cent in 2019). Moreover, cannabis prices on the illegal market have remained considerably lower (and have been declining) compared with the prices on the legal market. In the second quarter of 2019, based on 236 submissions, the average price per gram of cannabis on the legal market was Can$10.65, compared with Can$5.93 per gram on the illegal market.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'After the cannabis regulations were adopted and sales began in October 2018, retail sales of nonmedical cannabis online and in cannabis stores up to September 2019 totalled some 908 million Canadian dollars, or an average of Can$24 (approximately $18) per capita. Although Ontario had the smallest number of retail outlets, it had the highest retail sales (Can$216 million), followed by Alberta (Can$196 million) and Quebec (Can$195 million), by the end of September 2019.
Out of the total of Can$908 million, most sales were made through bricks-and-mortar stores (Can $788 million), while online retail sales (Can$120 million) accounted for 13 per cent. Direct-to-consumer trade by wholesalers, which includes retail sales by public sector stores classified as wholesalers, accounted for 1.9 per cent over the same period.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'By the end of July 2019, about 400 retail outlets had been opened across Canada. The opening of retail outlets has been slower in some places than in others. Ontario, the most populous province in Canada, with a population of 14 million, began with a retail system in which licences were issued to operators by way of a lottery. At the end of July 2019, the province thus had only 24 outlets, fewer than 2 outlets per 1 million population, whereas Newfoundland and Labrador had the same number of outlets per 500,000 population. The province of Alberta permitted the opening of the largest number of retail outlets, with 176 private retail outlets for a population of 4 million.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'In most provinces, the retail licensing regime is similar to that regulating the sale of liquor, and cannabis is sold through licensed retailers (private sector), provincial retail stores (public sector) and online. Many provinces have adopted a hybrid model that allows either public or private physical retail outlets together with online retail controlled by regulatory authorities, or a combination of all three. With the exception of the Nunavut territory, all the provinces and territories allow retail sales of cannabis products online. British Columbia and Yukon are the only province and territory that allow all three modes, while Alberta, Manitoba, Newfoundland and Labrador, Ontario and Saskatchewan have allowed private bricks-and-mortar retail stores.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'The objectives of the current cannabis legislation in Canada are to keep cannabis away from young people (under 18 years of age), to prevent criminals from profiting from the distribution and sale of cannabis and to safeguard public health and safety by allowing adults (aged 18 and older) legal access to cannabis. Under the constitutional division of powers in Canada, the federal Government and provincial governments have different responsibilities. As the provinces historically developed their own systems to regulate the sale of alcohol, a similar approach has been applied to regulate the non-medical use of cannabis products.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'"With hundreds of new companies rushing into the CBD space, many in the industry are looking beyond CBD towards other minor cannabinoids," New Frontier reports. "For farmers feeling the effects of CBD oversupply, minor cannabinoids can offer higher prices and less regulatory oversight."
Both the New Frontier report and several members of the hemp industry with whom we've spoken see CBN (cannabinol) and CBG (cannabigerol) as the next big thing in the hemp and cannabis industries. Despite not being as popular or studied as CBD (which is new to clinical research itself), both CBN and CBG have shown potential in wellness areas such as fighting inflammation, pain, nausea and potentially even certain cancer cells.'
https://www.westword.com/marijuana/as-cbd-prices-drop-will-cbn-and-other-cannabinoids-become-more-alluring-to-hemp-farmers-11746876
'According to Witte, as the science behind CBD formulation affords more consistency, brands will begin to focus on whatever added value that they may provide beyond CBD itself.
“The way to think about CBD is as a compound no more interesting than caffeine or electrolytes, just a commoditized functional ingredient that’s ultimately going to be added to many types of products,” Witte explained. “The value is in being able to determine the right application to utilize it and being able to build a brand on top of the ingredient.”
Drawing a comparison with both Starbucks coffee and Red Bull energy drinks (“CBD is the caffeine of the 21st century,” he asserted), Witte pointed out how those brands essentially offer products with the same active ingredient; the differences are how the companies brand themselves and what kind of promises they offer their consumers.'
https://newfrontierdata.com/cannabis-insights/webinar-details-the-industry-buzz-about-cbd-infused-food-and-beverages/
'With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined.
Total marijuana sales now exceed the National Basketball Association’s annual U.S. revenue and, by 2024, could surpass Americans’ annual spending on craft beer.
The data – published in the 2020 edition of the Marijuana Business Factbook – underscores the fact that the U.S. cannabis industry is already a major economic force, even though it has yet to reach its full potential.'
https://mjbizdaily.com/chart-retail-cannabis-sales-surpass-nba-revenue-approach-prescription-pain-meds/
'With over 1500 brands on the market, how can retailers know which brands to choose? Here is one retailer’s perspective on the best way to go about stocking your shelves with high-quality hemp CBD brands.'
https://www.supermarketnews.com/organic-natural/6-retailer-tips-stocking-high-quality-hemp-cbd-brands
For the lucky few in places where cannabis is legal and home delivery options are available..
'Cannabis companies that provide delivery services – including delivery operators and retailers – are seeing a deluge of orders as customers stock up on marijuana products in the wake of coronavirus pandemic concerns.
At the same time, these companies are putting into place unprecedented measures to ensure their delivery drivers and customers stay healthy, ranging from taking employees’ temperatures to providing them with latex gloves and alcohol-based disinfectants.
In addition, states including Massachusetts, Michigan, New York and Illinois are taking steps to encourage home delivery of cannabis products as well as to give customers the option of curbside pickup.'
https://mjbizdaily.com/online-orders-for-marijuana-delivery-surge-around-coronavirus/
'Planet 13 is located blocks off Las Vegas strip and claims the title as the world’s largest cannabis dispensary. But it’s much more than just a storefront. There’s a lot to the 115,000-square-foot facility, including entertainment, restaurants and cannabis processing equipment where the company makes edibles and drinks. This is a destination, Vegas-style.
In this video we take a backstage tour into this cannabis superstore. '
https://techcrunch.com/2020/03/23/inside-planet-13-the-worlds-largest-cannabis-dispensary/
'Below is a summary of the policies currently in place governing retail cannabis access during the COVID-19 outbreak. NORML will continue to update these policies accordingly in the coming days and weeks.'
https://blog.norml.org/2020/04/03/more-states-taking-action-to-ensure-uninterrupted-retail-access-to-medical-cannabis-during-covid-19-outbreak/
'Canada’s largest market for adult-use cannabis products saw its 100th retail store authorization this month, Alcohol and Gaming Commission of Ontario records show, though not all the stores are open as they complete the regulatory process.
It is an important milestone for a province that has lagged other jurisdictions in store openings since cannabis was legalized in late 2018. Alberta remains the leader with 483 cannabis providers, though that market is showing signs of retail saturation.'
https://mjbizdaily.com/ontario-cannabis-market-surpasses-100-retail-store-authorizations/
'Tea heads are not like junkies. A junkie hands you the money, takes his junk and cuts. But tea heads don't do things that way. They expect the peddler to light them up and sit around talking for half an hour to sell two dollars worth of weed. If you come right to the point, they say you are a "bring down." In fact, a peddlar should not come right out and say he is a peddler. No, he just scores for a few good "cats and "chicks" because he is viperish. Everyone knows that he himself is the connection, but it is bad form to say so. God knows why. To me, tea heads are unfathomable.' - Junky, William S Burroughs, 1977, originally published in 1953
'More than a dozen new dispensaries could open in Nevada’s booming retail marijuana market in the coming weeks after a judge gave the go-ahead Thursday to companies that underwent background checks and won licenses.
State marijuana regulators said as many as 36 stores could open.'
https://mjbizdaily.com/nevada-judge-gives-ok-for-more-retail-cannabis-stores-to-open/
'Illinois awarded its first licenses to businesses that can sell recreational cannabis when it becomes legal in the state next year.
State regulators announced the five medical marijuana dispensaries where residents will be able to buy small amounts of recreational marijuana products starting Jan. 1.'
https://mjbizdaily.com/illinois-licenses-first-five-adult-use-marijuana-retailers/
'"Unregulated illicit market cannabis products, like products in an unregulated marketplace, are of variable quality and may put some consumers at risk," Armentano said. "These incidents linked to the use of unregulated, illicit market vapor cartridges reinforce the need for greater market regulation, standardization, and oversight — principles which NORML has consistently called for in the cannabis space. Consumers must also be aware that not all products are created equal; quality control testing is critical and only exists in the legally regulated marketplace."'
https://norml.org/news/2019/08/29/hospitalizations-linked-to-use-of-unregulated-vapor-cartridges
'With over 1500 brands on the market, how can retailers know which brands to choose? Here is one retailer’s perspective on the best way to go about stocking your shelves with high-quality hemp CBD brands.'
https://www.supermarketnews.com/organic-natural/6-retailer-tips-stocking-high-quality-hemp-cbd-brands
"We don’t think this is something only we should do, but we are really hoping to start the conversation," she said. "We are really hoping to create a better connection between the cannabis industry and the environment in general."
https://www.king5.com/article/news/local/west-seattle-weed-marijuana-shop-starts-recycling-program/281-5fa77945-3abd-4aaf-96c5-590298691799
'Applicants that qualify for the city’s social equity program will get priority in having their applications processed.
But only 100 retail licenses will be awarded during the coming application period, and they’ll be available on a first-come, first-served basis, according to the DCR website.'
https://mjbizdaily.com/los-angeles-opens-next-cannabis-licensing-round-for-100-retail-permits/
'Members of the state's Cannabis Control Commission decided this week in favor of regulations to establish licensing for retail cannabis deliveries and for limited on-site consumption facilities.'
https://norml.org/news/2019/09/26/massachusetts-regulators-vote-in-favor-of-cannabis-deliveries-on-site-consumption-facilities
'The sale of non-medical cannabis through legal sources represents only a portion of the cannabis market, as it appears that a substantial proportion of users still rely on illegal sources to obtain cannabis (42 per cent in 2019). Moreover, cannabis prices on the illegal market have remained considerably lower (and have been declining) compared with the prices on the legal market. In the second quarter of 2019, based on 236 submissions, the average price per gram of cannabis on the legal market was Can$10.65, compared with Can$5.93 per gram on the illegal market.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'After the cannabis regulations were adopted and sales began in October 2018, retail sales of nonmedical cannabis online and in cannabis stores up to September 2019 totalled some 908 million Canadian dollars, or an average of Can$24 (approximately $18) per capita. Although Ontario had the smallest number of retail outlets, it had the highest retail sales (Can$216 million), followed by Alberta (Can$196 million) and Quebec (Can$195 million), by the end of September 2019.
Out of the total of Can$908 million, most sales were made through bricks-and-mortar stores (Can $788 million), while online retail sales (Can$120 million) accounted for 13 per cent. Direct-to-consumer trade by wholesalers, which includes retail sales by public sector stores classified as wholesalers, accounted for 1.9 per cent over the same period.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'By the end of July 2019, about 400 retail outlets had been opened across Canada. The opening of retail outlets has been slower in some places than in others. Ontario, the most populous province in Canada, with a population of 14 million, began with a retail system in which licences were issued to operators by way of a lottery. At the end of July 2019, the province thus had only 24 outlets, fewer than 2 outlets per 1 million population, whereas Newfoundland and Labrador had the same number of outlets per 500,000 population. The province of Alberta permitted the opening of the largest number of retail outlets, with 176 private retail outlets for a population of 4 million.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'In most provinces, the retail licensing regime is similar to that regulating the sale of liquor, and cannabis is sold through licensed retailers (private sector), provincial retail stores (public sector) and online. Many provinces have adopted a hybrid model that allows either public or private physical retail outlets together with online retail controlled by regulatory authorities, or a combination of all three. With the exception of the Nunavut territory, all the provinces and territories allow retail sales of cannabis products online. British Columbia and Yukon are the only province and territory that allow all three modes, while Alberta, Manitoba, Newfoundland and Labrador, Ontario and Saskatchewan have allowed private bricks-and-mortar retail stores.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'The objectives of the current cannabis legislation in Canada are to keep cannabis away from young people (under 18 years of age), to prevent criminals from profiting from the distribution and sale of cannabis and to safeguard public health and safety by allowing adults (aged 18 and older) legal access to cannabis. Under the constitutional division of powers in Canada, the federal Government and provincial governments have different responsibilities. As the provinces historically developed their own systems to regulate the sale of alcohol, a similar approach has been applied to regulate the non-medical use of cannabis products.' - United Nations Office on Drugs and Crime, World Drug Report 2020, https://wdr.unodc.org/wdr2020/field/WDR20_BOOKLET_4.pdf
'"With hundreds of new companies rushing into the CBD space, many in the industry are looking beyond CBD towards other minor cannabinoids," New Frontier reports. "For farmers feeling the effects of CBD oversupply, minor cannabinoids can offer higher prices and less regulatory oversight."
Both the New Frontier report and several members of the hemp industry with whom we've spoken see CBN (cannabinol) and CBG (cannabigerol) as the next big thing in the hemp and cannabis industries. Despite not being as popular or studied as CBD (which is new to clinical research itself), both CBN and CBG have shown potential in wellness areas such as fighting inflammation, pain, nausea and potentially even certain cancer cells.'
https://www.westword.com/marijuana/as-cbd-prices-drop-will-cbn-and-other-cannabinoids-become-more-alluring-to-hemp-farmers-11746876
'According to Witte, as the science behind CBD formulation affords more consistency, brands will begin to focus on whatever added value that they may provide beyond CBD itself.
“The way to think about CBD is as a compound no more interesting than caffeine or electrolytes, just a commoditized functional ingredient that’s ultimately going to be added to many types of products,” Witte explained. “The value is in being able to determine the right application to utilize it and being able to build a brand on top of the ingredient.”
Drawing a comparison with both Starbucks coffee and Red Bull energy drinks (“CBD is the caffeine of the 21st century,” he asserted), Witte pointed out how those brands essentially offer products with the same active ingredient; the differences are how the companies brand themselves and what kind of promises they offer their consumers.'
https://newfrontierdata.com/cannabis-insights/webinar-details-the-industry-buzz-about-cbd-infused-food-and-beverages/
'With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined.
Total marijuana sales now exceed the National Basketball Association’s annual U.S. revenue and, by 2024, could surpass Americans’ annual spending on craft beer.
The data – published in the 2020 edition of the Marijuana Business Factbook – underscores the fact that the U.S. cannabis industry is already a major economic force, even though it has yet to reach its full potential.'
https://mjbizdaily.com/chart-retail-cannabis-sales-surpass-nba-revenue-approach-prescription-pain-meds/
'With over 1500 brands on the market, how can retailers know which brands to choose? Here is one retailer’s perspective on the best way to go about stocking your shelves with high-quality hemp CBD brands.'
https://www.supermarketnews.com/organic-natural/6-retailer-tips-stocking-high-quality-hemp-cbd-brands
For the lucky few in places where cannabis is legal and home delivery options are available..
'Cannabis companies that provide delivery services – including delivery operators and retailers – are seeing a deluge of orders as customers stock up on marijuana products in the wake of coronavirus pandemic concerns.
At the same time, these companies are putting into place unprecedented measures to ensure their delivery drivers and customers stay healthy, ranging from taking employees’ temperatures to providing them with latex gloves and alcohol-based disinfectants.
In addition, states including Massachusetts, Michigan, New York and Illinois are taking steps to encourage home delivery of cannabis products as well as to give customers the option of curbside pickup.'
https://mjbizdaily.com/online-orders-for-marijuana-delivery-surge-around-coronavirus/
'Planet 13 is located blocks off Las Vegas strip and claims the title as the world’s largest cannabis dispensary. But it’s much more than just a storefront. There’s a lot to the 115,000-square-foot facility, including entertainment, restaurants and cannabis processing equipment where the company makes edibles and drinks. This is a destination, Vegas-style.
In this video we take a backstage tour into this cannabis superstore. '
https://techcrunch.com/2020/03/23/inside-planet-13-the-worlds-largest-cannabis-dispensary/
'Below is a summary of the policies currently in place governing retail cannabis access during the COVID-19 outbreak. NORML will continue to update these policies accordingly in the coming days and weeks.'
https://blog.norml.org/2020/04/03/more-states-taking-action-to-ensure-uninterrupted-retail-access-to-medical-cannabis-during-covid-19-outbreak/
'Canada’s largest market for adult-use cannabis products saw its 100th retail store authorization this month, Alcohol and Gaming Commission of Ontario records show, though not all the stores are open as they complete the regulatory process.
It is an important milestone for a province that has lagged other jurisdictions in store openings since cannabis was legalized in late 2018. Alberta remains the leader with 483 cannabis providers, though that market is showing signs of retail saturation.'
https://mjbizdaily.com/ontario-cannabis-market-surpasses-100-retail-store-authorizations/
'America’s first retail stores selling marijuana opened for business in Colorado on Wednesday, putting the western state in the vanguard of the country’s evolving attitudes on legalising the drug.
Officials in the state famous for its ski resorts and breathtaking mountain vistas have issued 348 retail marijuana licences — including for small shops — that allow for the selling of up to 28 grams of pot to people aged 21 or older starting January 1.'
https://www.thehindu.com/todays-paper/tp-international/marijuana-stores-open-in-colorado/article5528454.ece
'Maybe you’ve heard about MedMen, the design-forward marijuana dispensary chain that Page Six described as “the Barneys of weed.” And then there’s the Plug, a premium dispensary in downtown Los Angeles that LA Weekly called “the Barneys of weed.”
Well, there’s a new Barneys of weed, and this one has a familiar name: Barneys.
In a move to court chillaxed influencers (and their Instagram feeds), the luxury department store chain is taking an unlikely, or perhaps inevitable, detour into cannabis, with its own head shop called the High End.'
https://www.nytimes.com/2019/02/11/style/barneys-weed-head-shop-beverly-hills.html
'Planet 13 is located blocks off the Las Vegas Strip and holds the title
as the world’s largest cannabis dispensary. But it’s much more than just
a storefront. There’s a lot to the 115,000-square-foot facility,
including entertainment, restaurants and cannabis processing equipment
where the company makes edibles and drinks. This is a destination,
Vegas-style'
https://techcrunch.com/2020/03/23/inside-planet-13-the-worlds-largest-cannabis-dispensary
'With its sleek open-concept stores, MedMen—one of the earliest and perhaps best-known players in the retail cannabis scene—is inadvertently creating the template for the modern-day marijuana dispensary. And what you’ve read is true: It looks and feels a lot like the Apple Store.'
https://www.adweek.com/agencies/an-inside-look-at-medmen-lauded-as-the-apple-store-of-weed/
'Though details are not forthcoming, the very rumor of Walmart’s making moves into the CBD market gave the company’s stock a brief but considerable 2.5% bump in its share price on the day the story broke. Despite significant interest both from news organizations and investors, Walmart has remained quiet about its plans, and continues to give the same response to inquiries'
https://newfrontierdata.com/marijuana-insights/wheres-walmart-opening-of-canadian-cbd-market-prompts-speculation-about-retail-giant/
'I think every couple of weeks, every couple months, there will be more and more stores open. But what I won't do, because again, there are so many things that are not under our control, I won't give you a point forecast. But it's going to be a pretty steady process of licenses getting approved and stores opening. There's no question in my mind, just given the flow of applications that are coming into the commission and our process of managing that flow.'
https://www.wgbh.org/news/local-news/2018/11/20/cannabis-control-commission-chair-discusses-the-first-day-of-recreational-pot-sales-in-massachusetts
That would be approx. 1250 retail facilities for Bengaluru...
'The city has said it will allow for one retail facility per 10,000 residents. So, with a city of 4 million, we could see close to 400 authorized retail facilities.
That’s not to say the city won’t allow more than 400, but we’ll at least be able to get to 400.'
https://mjbizdaily.com/los-angeles-marijuana-market-department-cannabis-regulations-cat-packer/
'It’s not much of a surprise that Mackey is open-minded about putting cannabis products on Whole Foods shelves. In 2013, he voiced support for marijuana legalization in an interview with Mother Jones.
“I am pro-choice, favor legalizing gay marriages, protecting our environment, enforcing strict animal welfare protection laws (I’ve been an ethical vegan for 10 years), marijuana legalization, having a welfare safety net for our poorest or disabled citizens, and a radically reduced defense budget and military presence around the world,” he said at the time.'
https://www.marijuanamoment.net/chances-are-good-that-whole-foods-will-sell-marijuana-products-ceo-says/
'Even with only a handful of stores open in each province, some provincial governments raked in revenue from cannabis on the first day of legal recreational sales.'
https://www.ctvnews.ca/canada/provinces-raked-in-revenue-on-day-one-of-cannabis-sales-1.4140204
"With more than 2,000 wine and liquor stores from Buffalo to Montauk, we offer existing retail space with quick and cheap access to the market in every corner of the state,” reads the website for the group, which is called The Last Store on Main Street. “That means more tax revenue, and sooner, for the State to fulfill basic responsibilities and invest in the future of our neighborhoods.”
https://www.marijuanamoment.net/new-york-liquor-stores-want-to-sell-marijuana/
'Convenient, roomy stores with visually appealing features and displays where product is easily viewed can generate returning customers and, in turn, more revenue.
But stark, fluorescent-lighted spaces with no amenities – such as on-site parking or an ATM – can send customers to the cannabis retail shop a few blocks away.
Marijuana Business Magazine asked marijuana retailers for their advice on how to design a top-notch retail store.'
https://mjbizdaily.com/well-designed-cannabis-retail-stores-can-draw-consumers-boost-the-bottom-line/
'The first weeks have felt more like a soft opening with few retail outlets operating and rampant supply shortages. It’s not because Canada can’t produce enough cannabis products — licensing those producers has been slow, and the federal government is taking steps to speed up the process.'
https://apnews.com/f10eb05832264eb6820bc07a78f14ab3
'Owners of cannabis dispensaries lined up to collect the permits in Denver: an initial batch of 42 licences were issued, most to growers but around a dozen to shops. Colorado voters approved a new law during the November 2012 general election that would expand the state’s laws allowing the production and sale of medical marijuana to cover recreational uses.
The owner of a Denver-based chain of medical marijuana dispensaries who wants to expand and sell pot to leisure consumers, Shawn Phillips, was first in line on Friday morning.'
https://www.thehindu.com/todays-paper/tp-international/colorado-issues-marijuana-sales-licences/article5514034.ece
'Less than a month after declaring marijuana legal, Canada's legal dispensaries are struggling to meet the overwhelming demand for cannabis, which may remain in short supply or out of stock.'
https://www.thefix.com/canada-faces-year-long-legal-marijuana-shortage
'In a Wednesday news release, AGLC president and CEO Alain Maisonneuve said despite ordering enough cannabis to supply 250 retail stores across Alberta for six months, the commission had by November received just 20 per cent by weight of what it requested.
Alberta is in good company as pot-sellers across the country struggle with a national shortage of supply.'
https://edmontonjournal.com/cannabis/cannabis-business/aglc-hits-pause-on-retail-cannabis-licences-as-nation-sees-pot-shortage
'While one of the state's two recreational marijuana dispensaries has capped sales to individual customers since it opened last month, the other recently did the same due to supply concerns.
Cultivate in Leicester has limited purchases to half an ounce total per person of recreational marijuana. When the store first opened to recreational sales on Nov. 20, it only restricted sales to the state’s legal limit of one ounce per person.'
https://www.bizjournals.com/boston/news/2018/12/11/both-mass-pot-shops-are-limiting-purchases-to.html
'What is believed to be Maine’s first medical cannabis convenience store is scheduled to open in Portland this week.
Atlantic Farms Gas N’ Grass says it will sell cannabis-infused gummies, tinctures and smokable marijuana on Thursday, the first day Maine’s new sweeping medical marijuana law takes effect.'
https://mjbizdaily.com/maine-marijuana-convenience-store/
'Large crowds arrived at Salem’s Alternative Therapies Group last Saturday as it opened its doors to recreational marijuana sales. Increased security and police activity is expected in the area, yet crime incident reports obtained by MuckRock point to a history of minimal criminal activity around current medical marijuana dispensaries and future retailers'
https://www.muckrock.com/news/archives/2018/dec/17/massachusetts-marijuana-dispensary-incidents/
'“One of the reasons we did this is that access and convenience is really important to us,” Conry said of the drive-thru. “We really want to normalize the shopping experience for THC and CBD products and give people the experience they have in other retail environments.”'
https://vtdigger.org/2018/12/26/new-cbd-drive-thru-brattleboro-will-soon-dispense-medical-marijuana/
'Marijuana Business Magazine spoke with the owners of two vertically integrated cannabis operations and an infused product company to discuss the challenges of managing retail and wholesale inventory as well as strategies to navigate those challenges and how to improve inventory management.'
https://mjbizdaily.com/how-to-decide-which-inventory-management-forecasting-practices-are-best-for-your-cannabis-company/
'While recreational marijuana has a long way to go before reaching a legal status in all 50 states, CBD is acting as a kind of trailblazer, with more and more dispensaries popping up from coast to coast. Florida distinguished itself as a prime purchasing location, sweeping the top three spots for the highest-rated CBD shops in the country.
When it came to the number of shops per capita, cities in California nabbed four of the top five rankings, with Littleton, Colorado, taking second place. Meanwhile, Texas proved to be one of the richest untapped markets around, racking up a generous handful of populous cities without CBD shops to call their own. Our research revealed that California was home to a number of hot spots for the price-conscious, while New Jersey CBD bore chart-topping price tags.'
https://www.remedyreview.com/data/cbd-shops-around-america/
'While whole marijuana — leaves and flowers — remains the most popular form for buyers, its year-over-year use is up less than 40 percent. But sales of edibles and other forms jumped by 55 percent between 2017 and 2018.'
https://azcapitoltimes.com/news/2019/01/16/medical-marijuana-purchases-outpace-users/
'Provinces with more physical cannabis stores saw significantly higher per-person sales in the six weeks after Canada’s legalization of recreational marijuana, according to new data from Statistics Canada – an indication that consumers have a strong preference to buy their cannabis offline.'
https://mjbizdaily.com/british-columbia-last-per-person-legal-cannabis-sales-few-physical-stores/
'Florida lawmakers in 2017 capped the number of dispensaries an MMJ operator could open at 25. (The cap increased to 30 when the number of patients passed the 100,000 threshold.) As a practical matter, none of the existing MMJ license holders has yet reached that cap. But Trulieve, for example, operates 24 dispensaries in the state, according to a Jan. 25 state report, and said it wants to open more.'
https://mjbizdaily.com/florida-medical-marijuana-dispensary-cap-unconstitutional-judge-rules/
'The MMJ business serves about 30-50 patients in total per day, Conry added.
Patients cannot order cannabis products through the drive-thru window since the dispensary takes patients only by appointment. Rather, they must place their orders online or over the phone, and then pick them up.
Turnaround times can take as little as 20-30 minutes, depending on how busy staffers are, Conry noted.'
https://mjbizdaily.com/medical-cannabis-drive-thru-open-new-england-vermont/
Sounds like a luxury hotel...
'A new private clinic in Greater Manchester has become the UK’s first specialist medicinal cannabis centre.
Patients at The Beeches, in Cheadle, will pay £200 for appointments with doctors and between £600 and £700 a month for a prescription.
Decisions to prescribe cannabis will be taken on a case-by-case basis, and will only be considered when staff are satisfied that licensed products cannot treat the condition.'
https://www.theguardian.com/society/2019/mar/09/britains-first-medicinal-cannabis-clinic-opens
'The survey of 300 cannabis users in each of the three states showed that 72 percent of men prefer to shop alone, compared to just 45 percent of women. Men were about half as likely to feel “uncertain” while shopping (21 percent vs. 39 percent), and more likely to feel “confident” (41 percent vs. 28 percent).
“As more consumers enter the cannabis market, retail outlets that create the feeling of comfort could build a very loyal customer base,” the study said.'
https://www.bizjournals.com/portland/news/2019/03/13/how-shopping-for-cannabis-is-different-for-women.html
Recreation is medicine...
'Pharmacies are taking steps to sell directly to authorized patients via e-commerce because it is the only legal avenue open to them for conducting cannabis sales. B.C. regulations will restrict privately run cannabis stores from selling any non-cannabis-related items, such as snacks or paper towels'
https://www.westerninvestor.com/news/british-columbia/pharmacies-grapple-with-medical-marijuana-sales-rules-1.23423680
'It was found that participants concluded that pharmacists with available NHS support from GPs and mental health workers are the most suitable vendors of cannabis, MDMA and psilocybin as opposed to regulated shops or the black market (p < 0.001). There was a high level of support for selling cannabis in pharmacies both for therapeutic use and for harm reduction purposes with a mean score of 7.0 out of 10.'
http://journals.sagepub.com/doi/full/10.1177/2050324518767441
'The state’s new marijuana law limits how much lucre municipalities can extract from retailers, and for good reason: If cities and towns make it too pricey to operate retail businesses, fewer will open. And those retailers that can afford to pay are less likely to be the proverbial mom-and-pop weed vendors the state desires, and more likely to be corporate operators.'
https://www.bostonglobe.com/opinion/editorials/2018/08/30/cannabis-commission-should-lay-down-law-mass-towns-shaking-down-pot-retailers/m5q7KDCMUlgPcI8QPWxbkL/story.html
'The majority of the 50 locations planned for Colorado would be with independent dispensary owners through franchise agreements, he continued, adding that he's interested in expanding through "strategic franchise partnerships," which he sees as the next big step in the marijuana industry, especially since federal law prevents products from being shipped over state lines.'
https://www.summitdaily.com/news/business/founder-of-green-man-cannabis-plans-massive-colorado-expansion/
'A discussion of growing pains, regulations, and current product investments with the owner of one of the first operational dispensaries in Colorado'
https://newfrontierdata.com/marijuana-insights/questions-answers-original-licensee-holder/
'Regulations for recreational cannabis retail distribution in Ontario, Canada's most populous province, propose to restrict distribution under a public monopoly and to operate a limited number of government-controlled outlets (similar to, but separate from the provincially-owned alcohol retail monopoly).However, these plans overlook the possible regulation and integration of the many existent private community-storefront cannabis dispensaries, which could therefore continue to operate illegally in competition with state-run outlets. Other provinces are still developing their cannabis retail distribution schemes, which might evolve to be different from Ontario's and, for example, provide to include private retail outlets.'
https://www.thelancet.com/journals/lanpub/article/PIIS2468-2667(17)30213-X/fulltext
'For residents of Canada’s most and least populous provinces, Ontario and Nunavut, respectively, online ordering will be their only means of legal purchase for the foreseeable future. British Columbia, the third-biggest province in the country with 4.8 million residents, has licensed only one store. Meanwhile, Northwest Territories, with only 44,520 residents, will open six government-run stores, or one per 7,420 residents.'
https://www.marijuanamoment.net/marijuana-stores-will-be-hard-to-find-for-most-canadians-on-day-one-of-legalization/
'Walmart Inc.’s Canadian arm has been investigating the possibility of selling cannabis-based products but doesn’t intend to get into the much-hyped business yet.'
https://www.bloomberg.com/news/articles/2018-10-09/walmart-canada-ponders-possibility-of-selling-cannabis-products
'Leafly, one of the biggest marijuana retail listing sites in North America, will allow only licensed cannabis companies in Canada to list on its platforms once adult-use MJ becomes legal next month.'
https://mjbizdaily.com/leafly-plans-to-delist-unlicensed-marijuana-businesses-in-canada/
'“The cyclical nature of the retail industry here creates a boom-and-bust system for Alaska,” he said. “It’s super good – really hot in the summertime – but it slows down quite a bit in the wintertime when the tourists aren’t here.”'
https://mjbizdaily.com/chart-alaskas-recreational-cannabis-market-strong-but-seasonal-sales-swings-a-challenge-for-mj-businesses/
'The most romantic holiday of the year is right around the corner, and you might be wondering how to express your gratitude towards your cannabis-loving sweetie. Thankfully, there is a wide variety of CBD products that also have an intimate touch—just right for Valentine’s Day.
Leafly contributor Danielle Corcione tried a handful of products firsthand. These are the ones they’d recommend to couples this February.'
https://www.leafly.com/news/strains-products/a-cbd-gift-for-every-valentines-day-activity
'Cultivate in Leicester and New England Treatment Access (NETA) in Northampton both opened at 8 a.m. ET on Tuesday. Leicester Police Chief James Hurley told the Boston Herald that several hundred people had already been through Cultivate by lunchtime.
By noon, the wait in line outside the store – with wet weather – was approximately three hours, the newspaper reported.'
https://mjbizdaily.com/first-recreational-cannabis-stores-open-in-massachusetts-to-big-crowds/
https://techcrunch.com/2020/03/23/inside-planet-13-the-worlds-largest-cannabis-dispensary
'With its sleek open-concept stores, MedMen—one of the earliest and perhaps best-known players in the retail cannabis scene—is inadvertently creating the template for the modern-day marijuana dispensary. And what you’ve read is true: It looks and feels a lot like the Apple Store.'
https://www.adweek.com/agencies/an-inside-look-at-medmen-lauded-as-the-apple-store-of-weed/
'Though details are not forthcoming, the very rumor of Walmart’s making moves into the CBD market gave the company’s stock a brief but considerable 2.5% bump in its share price on the day the story broke. Despite significant interest both from news organizations and investors, Walmart has remained quiet about its plans, and continues to give the same response to inquiries'
https://newfrontierdata.com/marijuana-insights/wheres-walmart-opening-of-canadian-cbd-market-prompts-speculation-about-retail-giant/
'I think every couple of weeks, every couple months, there will be more and more stores open. But what I won't do, because again, there are so many things that are not under our control, I won't give you a point forecast. But it's going to be a pretty steady process of licenses getting approved and stores opening. There's no question in my mind, just given the flow of applications that are coming into the commission and our process of managing that flow.'
https://www.wgbh.org/news/local-news/2018/11/20/cannabis-control-commission-chair-discusses-the-first-day-of-recreational-pot-sales-in-massachusetts
That would be approx. 1250 retail facilities for Bengaluru...
'The city has said it will allow for one retail facility per 10,000 residents. So, with a city of 4 million, we could see close to 400 authorized retail facilities.
That’s not to say the city won’t allow more than 400, but we’ll at least be able to get to 400.'
https://mjbizdaily.com/los-angeles-marijuana-market-department-cannabis-regulations-cat-packer/
'It’s not much of a surprise that Mackey is open-minded about putting cannabis products on Whole Foods shelves. In 2013, he voiced support for marijuana legalization in an interview with Mother Jones.
“I am pro-choice, favor legalizing gay marriages, protecting our environment, enforcing strict animal welfare protection laws (I’ve been an ethical vegan for 10 years), marijuana legalization, having a welfare safety net for our poorest or disabled citizens, and a radically reduced defense budget and military presence around the world,” he said at the time.'
https://www.marijuanamoment.net/chances-are-good-that-whole-foods-will-sell-marijuana-products-ceo-says/
'Even with only a handful of stores open in each province, some provincial governments raked in revenue from cannabis on the first day of legal recreational sales.'
https://www.ctvnews.ca/canada/provinces-raked-in-revenue-on-day-one-of-cannabis-sales-1.4140204
"With more than 2,000 wine and liquor stores from Buffalo to Montauk, we offer existing retail space with quick and cheap access to the market in every corner of the state,” reads the website for the group, which is called The Last Store on Main Street. “That means more tax revenue, and sooner, for the State to fulfill basic responsibilities and invest in the future of our neighborhoods.”
https://www.marijuanamoment.net/new-york-liquor-stores-want-to-sell-marijuana/
'Convenient, roomy stores with visually appealing features and displays where product is easily viewed can generate returning customers and, in turn, more revenue.
But stark, fluorescent-lighted spaces with no amenities – such as on-site parking or an ATM – can send customers to the cannabis retail shop a few blocks away.
Marijuana Business Magazine asked marijuana retailers for their advice on how to design a top-notch retail store.'
https://mjbizdaily.com/well-designed-cannabis-retail-stores-can-draw-consumers-boost-the-bottom-line/
'The first weeks have felt more like a soft opening with few retail outlets operating and rampant supply shortages. It’s not because Canada can’t produce enough cannabis products — licensing those producers has been slow, and the federal government is taking steps to speed up the process.'
https://apnews.com/f10eb05832264eb6820bc07a78f14ab3
'Owners of cannabis dispensaries lined up to collect the permits in Denver: an initial batch of 42 licences were issued, most to growers but around a dozen to shops. Colorado voters approved a new law during the November 2012 general election that would expand the state’s laws allowing the production and sale of medical marijuana to cover recreational uses.
The owner of a Denver-based chain of medical marijuana dispensaries who wants to expand and sell pot to leisure consumers, Shawn Phillips, was first in line on Friday morning.'
https://www.thehindu.com/todays-paper/tp-international/colorado-issues-marijuana-sales-licences/article5514034.ece
'Less than a month after declaring marijuana legal, Canada's legal dispensaries are struggling to meet the overwhelming demand for cannabis, which may remain in short supply or out of stock.'
https://www.thefix.com/canada-faces-year-long-legal-marijuana-shortage
'In a Wednesday news release, AGLC president and CEO Alain Maisonneuve said despite ordering enough cannabis to supply 250 retail stores across Alberta for six months, the commission had by November received just 20 per cent by weight of what it requested.
Alberta is in good company as pot-sellers across the country struggle with a national shortage of supply.'
https://edmontonjournal.com/cannabis/cannabis-business/aglc-hits-pause-on-retail-cannabis-licences-as-nation-sees-pot-shortage
'While one of the state's two recreational marijuana dispensaries has capped sales to individual customers since it opened last month, the other recently did the same due to supply concerns.
Cultivate in Leicester has limited purchases to half an ounce total per person of recreational marijuana. When the store first opened to recreational sales on Nov. 20, it only restricted sales to the state’s legal limit of one ounce per person.'
https://www.bizjournals.com/boston/news/2018/12/11/both-mass-pot-shops-are-limiting-purchases-to.html
'What is believed to be Maine’s first medical cannabis convenience store is scheduled to open in Portland this week.
Atlantic Farms Gas N’ Grass says it will sell cannabis-infused gummies, tinctures and smokable marijuana on Thursday, the first day Maine’s new sweeping medical marijuana law takes effect.'
https://mjbizdaily.com/maine-marijuana-convenience-store/
'Large crowds arrived at Salem’s Alternative Therapies Group last Saturday as it opened its doors to recreational marijuana sales. Increased security and police activity is expected in the area, yet crime incident reports obtained by MuckRock point to a history of minimal criminal activity around current medical marijuana dispensaries and future retailers'
https://www.muckrock.com/news/archives/2018/dec/17/massachusetts-marijuana-dispensary-incidents/
'“One of the reasons we did this is that access and convenience is really important to us,” Conry said of the drive-thru. “We really want to normalize the shopping experience for THC and CBD products and give people the experience they have in other retail environments.”'
https://vtdigger.org/2018/12/26/new-cbd-drive-thru-brattleboro-will-soon-dispense-medical-marijuana/
'Marijuana Business Magazine spoke with the owners of two vertically integrated cannabis operations and an infused product company to discuss the challenges of managing retail and wholesale inventory as well as strategies to navigate those challenges and how to improve inventory management.'
https://mjbizdaily.com/how-to-decide-which-inventory-management-forecasting-practices-are-best-for-your-cannabis-company/
'While recreational marijuana has a long way to go before reaching a legal status in all 50 states, CBD is acting as a kind of trailblazer, with more and more dispensaries popping up from coast to coast. Florida distinguished itself as a prime purchasing location, sweeping the top three spots for the highest-rated CBD shops in the country.
When it came to the number of shops per capita, cities in California nabbed four of the top five rankings, with Littleton, Colorado, taking second place. Meanwhile, Texas proved to be one of the richest untapped markets around, racking up a generous handful of populous cities without CBD shops to call their own. Our research revealed that California was home to a number of hot spots for the price-conscious, while New Jersey CBD bore chart-topping price tags.'
https://www.remedyreview.com/data/cbd-shops-around-america/
'While whole marijuana — leaves and flowers — remains the most popular form for buyers, its year-over-year use is up less than 40 percent. But sales of edibles and other forms jumped by 55 percent between 2017 and 2018.'
https://azcapitoltimes.com/news/2019/01/16/medical-marijuana-purchases-outpace-users/
'Provinces with more physical cannabis stores saw significantly higher per-person sales in the six weeks after Canada’s legalization of recreational marijuana, according to new data from Statistics Canada – an indication that consumers have a strong preference to buy their cannabis offline.'
https://mjbizdaily.com/british-columbia-last-per-person-legal-cannabis-sales-few-physical-stores/
'Florida lawmakers in 2017 capped the number of dispensaries an MMJ operator could open at 25. (The cap increased to 30 when the number of patients passed the 100,000 threshold.) As a practical matter, none of the existing MMJ license holders has yet reached that cap. But Trulieve, for example, operates 24 dispensaries in the state, according to a Jan. 25 state report, and said it wants to open more.'
https://mjbizdaily.com/florida-medical-marijuana-dispensary-cap-unconstitutional-judge-rules/
'The MMJ business serves about 30-50 patients in total per day, Conry added.
Patients cannot order cannabis products through the drive-thru window since the dispensary takes patients only by appointment. Rather, they must place their orders online or over the phone, and then pick them up.
Turnaround times can take as little as 20-30 minutes, depending on how busy staffers are, Conry noted.'
https://mjbizdaily.com/medical-cannabis-drive-thru-open-new-england-vermont/
Sounds like a luxury hotel...
'A new private clinic in Greater Manchester has become the UK’s first specialist medicinal cannabis centre.
Patients at The Beeches, in Cheadle, will pay £200 for appointments with doctors and between £600 and £700 a month for a prescription.
Decisions to prescribe cannabis will be taken on a case-by-case basis, and will only be considered when staff are satisfied that licensed products cannot treat the condition.'
https://www.theguardian.com/society/2019/mar/09/britains-first-medicinal-cannabis-clinic-opens
'The survey of 300 cannabis users in each of the three states showed that 72 percent of men prefer to shop alone, compared to just 45 percent of women. Men were about half as likely to feel “uncertain” while shopping (21 percent vs. 39 percent), and more likely to feel “confident” (41 percent vs. 28 percent).
“As more consumers enter the cannabis market, retail outlets that create the feeling of comfort could build a very loyal customer base,” the study said.'
https://www.bizjournals.com/portland/news/2019/03/13/how-shopping-for-cannabis-is-different-for-women.html
Recreation is medicine...
'Pharmacies are taking steps to sell directly to authorized patients via e-commerce because it is the only legal avenue open to them for conducting cannabis sales. B.C. regulations will restrict privately run cannabis stores from selling any non-cannabis-related items, such as snacks or paper towels'
https://www.westerninvestor.com/news/british-columbia/pharmacies-grapple-with-medical-marijuana-sales-rules-1.23423680
'It was found that participants concluded that pharmacists with available NHS support from GPs and mental health workers are the most suitable vendors of cannabis, MDMA and psilocybin as opposed to regulated shops or the black market (p < 0.001). There was a high level of support for selling cannabis in pharmacies both for therapeutic use and for harm reduction purposes with a mean score of 7.0 out of 10.'
http://journals.sagepub.com/doi/full/10.1177/2050324518767441
'The state’s new marijuana law limits how much lucre municipalities can extract from retailers, and for good reason: If cities and towns make it too pricey to operate retail businesses, fewer will open. And those retailers that can afford to pay are less likely to be the proverbial mom-and-pop weed vendors the state desires, and more likely to be corporate operators.'
https://www.bostonglobe.com/opinion/editorials/2018/08/30/cannabis-commission-should-lay-down-law-mass-towns-shaking-down-pot-retailers/m5q7KDCMUlgPcI8QPWxbkL/story.html
'The majority of the 50 locations planned for Colorado would be with independent dispensary owners through franchise agreements, he continued, adding that he's interested in expanding through "strategic franchise partnerships," which he sees as the next big step in the marijuana industry, especially since federal law prevents products from being shipped over state lines.'
https://www.summitdaily.com/news/business/founder-of-green-man-cannabis-plans-massive-colorado-expansion/
'A discussion of growing pains, regulations, and current product investments with the owner of one of the first operational dispensaries in Colorado'
https://newfrontierdata.com/marijuana-insights/questions-answers-original-licensee-holder/
'Regulations for recreational cannabis retail distribution in Ontario, Canada's most populous province, propose to restrict distribution under a public monopoly and to operate a limited number of government-controlled outlets (similar to, but separate from the provincially-owned alcohol retail monopoly).However, these plans overlook the possible regulation and integration of the many existent private community-storefront cannabis dispensaries, which could therefore continue to operate illegally in competition with state-run outlets. Other provinces are still developing their cannabis retail distribution schemes, which might evolve to be different from Ontario's and, for example, provide to include private retail outlets.'
https://www.thelancet.com/journals/lanpub/article/PIIS2468-2667(17)30213-X/fulltext
'For residents of Canada’s most and least populous provinces, Ontario and Nunavut, respectively, online ordering will be their only means of legal purchase for the foreseeable future. British Columbia, the third-biggest province in the country with 4.8 million residents, has licensed only one store. Meanwhile, Northwest Territories, with only 44,520 residents, will open six government-run stores, or one per 7,420 residents.'
https://www.marijuanamoment.net/marijuana-stores-will-be-hard-to-find-for-most-canadians-on-day-one-of-legalization/
'Walmart Inc.’s Canadian arm has been investigating the possibility of selling cannabis-based products but doesn’t intend to get into the much-hyped business yet.'
https://www.bloomberg.com/news/articles/2018-10-09/walmart-canada-ponders-possibility-of-selling-cannabis-products
'Leafly, one of the biggest marijuana retail listing sites in North America, will allow only licensed cannabis companies in Canada to list on its platforms once adult-use MJ becomes legal next month.'
https://mjbizdaily.com/leafly-plans-to-delist-unlicensed-marijuana-businesses-in-canada/
'“The cyclical nature of the retail industry here creates a boom-and-bust system for Alaska,” he said. “It’s super good – really hot in the summertime – but it slows down quite a bit in the wintertime when the tourists aren’t here.”'
https://mjbizdaily.com/chart-alaskas-recreational-cannabis-market-strong-but-seasonal-sales-swings-a-challenge-for-mj-businesses/
'The most romantic holiday of the year is right around the corner, and you might be wondering how to express your gratitude towards your cannabis-loving sweetie. Thankfully, there is a wide variety of CBD products that also have an intimate touch—just right for Valentine’s Day.
Leafly contributor Danielle Corcione tried a handful of products firsthand. These are the ones they’d recommend to couples this February.'
https://www.leafly.com/news/strains-products/a-cbd-gift-for-every-valentines-day-activity
'Cultivate in Leicester and New England Treatment Access (NETA) in Northampton both opened at 8 a.m. ET on Tuesday. Leicester Police Chief James Hurley told the Boston Herald that several hundred people had already been through Cultivate by lunchtime.
By noon, the wait in line outside the store – with wet weather – was approximately three hours, the newspaper reported.'
https://mjbizdaily.com/first-recreational-cannabis-stores-open-in-massachusetts-to-big-crowds/
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