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Wholesale Cannabis Prices for Q1 2024

April 9, 2024

U.S. CANNABIS SPOT PRICE OVERVIEW Cannabis price volatility has been moderate thus far this year, with last week’s cannabis spot index closing at $1,020 per pound, 2.9% higher than the low of $991 on March […]

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2023 Retail Cannabis Sales Across the U.S.

April 2, 2024

2023 retail cannabis sales across the U.S. continue to grow, and the rank of the states that have the most total retail sales may be a surprise to some. The figures below are still incomplete […]

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How Much Does Smokable THCa Hemp Flower Cost?

March 26, 2024

New and innovative products have been the norm in the hemp industry over the past several years. A review of product offerings derived from hemp that are available to consumers has introduced a complex landscape […]

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Retail Markups for Cannabis Flower Declined Heading Into 2024

March 19, 2024

Several states cannabis regulators provide data on the average retail price for cannabis flower in their respective markets, allowing us to compare them with Cannabis Benchmarks wholesale price assessments to discover average retail markups. The […]

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Missouri Marijuana Market Joins the $1 Billion Total Sales Club

March 12, 2024

The Missouri Department of Health (MDH) recently issued December 2023 medical and adult use sales data, which are shown in the table and chart below. December adult use sales broke the $100 million mark for […]

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Why is Massachusetts Cannabis Sales Revenue Flat When Sales Volume Went Up Significantly?

March 5, 2024

The 2023 total cannabis sales volume in Massachusetts saw a significant increase. Yet a 40% drop in average price per gram of flower kept sales revenue flat. Massachusetts December 2023 & Full 2023 Market Data […]

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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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