Wholesale Market Observer
Information Impacting Global Cannabis Markets
Arizona Medical Marijuana Sales Spike Prior to New Testing Requirement Implementation
The Arizona Department of Health Services (ADHS) recently released its monthly report on the state’s medical cannabis program for October 2020. Total sales volume climbed to a new historic peak for the state’s market in October. Increased demand last month preceded the implementation of required quality assurance and safety testing of products at the beginning
Colorado Retail Marijuana Sales in 2020 Top $1.6 Billion Through September
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for September. Sales in Colorado decreased for the second consecutive month in September, but the total tally still exceeded $200 million for the third straight month. Tax data indicates that wholesale trading and transfer activity in the adult-use sector also subsided in
Return of Tourists Boosts Nevada Retail Marijuana Sales to Record Highs
The Nevada Department of Taxation (NDOT) recently released sales and tax data from the state’s legal cannabis market for both July and August 2020. Total retail sales rose to reach new record highs for the state’s market in both months, assisted by a continuing increase in Las Vegas tourism. Tax collection data indicates that wholesale
Timeline for Implementing Marijuana Sales in Recently Legalized States
In last week’s post, we noted that adult-use and / or medical cannabis legalization measures were on the ballot in five states: Arizona, Mississippi, Montana, New Jersey, and South Dakota. The legalization initiatives were successful in all five states. Arizona Voters approved Proposition 207 to legalize cannabis for adult-use by a significant margin, according to
Marijuana Legalization on the 2020 Ballot
In today’s election, voters in five U.S. states will decide whether or not to legalize cannabis for either medical or adult-use - or both, in one case - and establish regulated commercial markets for its production and sale. As always, the initial approval of legalization measures by voters will not impact current wholesale prices and
With Rising Adult-Use Marijuana Prices, Registered Medical Marijuana Patient Count in Illinois Jumps Up in September
The Illinois Department of Public Health (IDPH), which oversees the state’s medical cannabis program, recently issued an update on patient numbers and sales figures for September. Retail sales declined for the second straight month, but cultivator sales grew, with some of that product ultimately sold to adult-use consumers. However, the state’s Spot Index declined in
Maine Adult-Use Marijuana Sales Finally See Daylight
Legal sales of cannabis to adult-use consumers in Maine commenced on October 9th, almost four years after voters legalized a licensed and regulated recreational cannabis market in the 2016 election. However, the supply chain is still developing and reports indicate that sales will be limited due to a shortage of legally prepared product, a situation
Fires in California Continue to Displace Residents While Fall Harvest Ramps Up
According to an October 1 update from Cal Fire, 24 major wildfires continue to burn in the Golden State. Wildfires have consumed almost 4 million acres so far this year in California. One of the major fires that has persisted is the record-breaking August Complex, which is threatening the Emerald Triangle region, where a significant
Medical Marijuana Demand in Arizona Persists as Vote on Recreational Legalization Nears
The Arizona Department of Health Services (ADHS) recently released its monthly report on the state’s medical cannabis program for August 2020. Total sales were down slightly from July to August. August missed out on having Labor Day weekend fall within its boundaries this year, a holiday that typically provides a sales bump. Still, July’s record
Colorado Continues to See Highest Wholesale Marijuana Prices in Years
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for July. After sales growth slowed somewhat in June, July saw a big jump in both adult-use and medical revenues, which pushed total sales to a new record high, surpassing the $200 million - as well as the $225 million - mark