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Arizona Cannabis Supply Continues to Outpace Demand

February 27, 2024

NOVEMBER 2023 ARIZONA CANNABIS MARKET DATA & ANALYSIS The Arizona Department of Revenue (ADOR) recently released estimated sales data for November 2023. Combined medical and adult use sales reached $108.6 million in November, down 3.2% […]

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Colorado Cannabis Cultivator Licenses Have Decreased, Why Have Wholesale Prices Remained Low?

February 20, 2024

Similar to California, as we discussed in our February 6th Wholesale Market Observer post, Colorado has also seen a significant contraction in active cultivation licenses since the height of the Covid-19-fueled cannabis sales boom. According […]

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Nevada Retail Cannabis Sales Remain Stable Entering 2024

February 13, 2024

NEVADA NOVEMBER 2023 CANNABIS MARKET DATA & ANALYSIS The Nevada Department of Taxation (NDOT) issued data on November 2023 cannabis tax revenue and sales. November’s combined medical and adult use sales were under $66.2 million, […]

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Licensed Cannabis Cultivators in California Declining Rapidly

February 6, 2024

The number of actively-licensed cultivators in California continues to decline as 2024 gets underway. According to a January 31 query of the state’s License Search tool, 5,498 cultivators hold active licenses. That figure is down […]

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2023 U.S. Cannabis Wholesale Pricing Recap

January 30, 2024

The U.S. Spot wholesale flower price continued its leg down this week. While the national average flower price has been up year-on-year through Q4 2023 and in the opening month of 2024, it appears as […]

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Illinois Cannabis Social Equity Program Infusers Facing Anti-Competitive Market Structure

January 23, 2024

We have in previous reports commented on the impacts of increasing numbers of social equity retailers in Illinois adult use cannabis market, as well as “craft grower” licensees that have recently begun to operate in […]

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What’s Going on in the Connecticut Cannabis Market?

January 16, 2024

The Connecticut cannabis market is under the microscope as supply reaching dispensaries is screeching to a halt, both on the medical and adult-use sides of the aisle. This post looks at the recent Connecticut retail […]

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Cannabis Benchmarks’ Top 5 Most-Read Articles of 2023

January 9, 2024

After the Covid-fueled boom of 2020 – 2021, followed by the bottom falling out of many state markets in 2022, 2023 was something of a reset year for legal cannabis in the U.S. with relatively […]

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Battle For More New York Retail Cannabis Dispensaries Continues

January 2, 2024

FLURRY OF NEW RETAIL OPENINGS FOLLOWS END OF INJUNCTION, BUT NEW LAWSUIT COULD HALT LICENSING We reported in early December 2023 that New York state officials settled litigation that was holding up the New York […]

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Maryland Retail Cannabis Sales Performance Review for 2023

December 27, 2023

The Maryland Cannabis Administration (MCA) posted November 2023 sales made by licensed dispensaries last week. Total adult use and medical sales for November came in at $89,670,575, down 0.4% from $89,997,762 in October. However, November’s […]

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