Photo: Shelby Smith The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for July 2021. According to that report, demand picked up month-on-month, to levels not seen since early spring 2021. While there’s been a good bit of variability in monthly sales in 2021, the last three months have seen medical
Wholesale Market Observer
Oregon Cannabis Market Oversupply May Be Here to Stay
Photo: Crystalweed It is no surprise to Oregonians in the cannabis business that the market is oversupplied. Cannabis Benchmarks has heard this for several weeks running, with growers saying oversupply started affecting prices in Spring 2021. What growers have not mentioned, but may know or suspect, is that oversupply may be a permanent market condition
Expansion of Michigan Cannabis Production Drives Wholesale Prices Down
Photo: Ryan Parker Michigan Has Issued Massive Number of Grow Licenses in 2021 Grown In recently reported on a massive increase in grower licenses in Michigan, such that there has been a four-fold increase in Adult-Use Class C licenses this year compared to December 2020. Class C licenses can be “stacked,” allowing growers to possess
California Retail Cannabis Demand Soars as Supply Expands Driving Wholesale Prices Down
California’s Legal Market Continues to See Strong Sales Growth The California Department of Tax and Fee Administration (CDTFA) recently issued data on taxable sales and cannabis tax collections for Q2 2021. Additionally, Q1 2021’s figures were updated and completed after many businesses took advantage of an extension to remit granted by the state in light
Michigan Cannabis Demand and Retail Prices Climb in July
Photo: Visual Stories Michelle The Michigan Marijuana Regulatory Agency (MRA) released July 2021 cannabis market data recently. Sales numbers show a turn-around in recent declines. Total combined sales, including medical and adult-use, reached $171,070,641 in July, a 13.8% jump from the June figure. Most of the month-on-month gains were in the adult use market, which
