Wholesale Market Observer
Information Impacting Global Cannabis Markets
Retail Marijuana Sales in Oregon Spike in May
The Oregon Liquor Control Commission (OLCC) recently released sales and production data for May 2020, a month in which the state began reopening after being under a statewide stay-at-home order throughout April. Under Oregon’s reopening plan, individual counties had to receive permission from the state to begin doing so. Numerous counties received such approval around
Arizona Medical Cannabis Patient Count Rises Nearly 20% Since This Time Last Year
The Arizona Department of Health Services (ADHS) recently released its monthly report on the state’s medical cannabis program for April 2020. Sales remained strong despite the COVID-19 pandemic and a stay-at-home order issued by Governor Doug Ducey at the end of March. However, April’s sales were off from March’s record levels, unlike in 2019 when
Colorado Marijuana Sales In 2020 Outpace Sales in 2019
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for March 2020. Total retail demand jumped from February to March by a significant magnitude, as has come to be expected based on prior trends. However, the month-over-month increase this year was notably smaller than those observed in the same period in
Tax Rates for Wholesale Cannabis In California to Remain Steady for Remainder of 2020
In a year marked so far by incredible turbulence, at least one aspect of California’s legal cannabis industry will remain constant. The California Department of Tax and Fee Administration (CDTFA) recently announced that the mark-up rate used in the calculation of the 15% excise tax on retailers will remain at 80% for the remainder of
Colorado Reports Decrease in Marijuana Cultivation Licenses While Retail Locations Continue Expansion
The Colorado Marijuana Enforcement Division (MED) has published its 2019 Annual Update, providing licensing, sales, production, and product testing data for the entirety of last year. Interestingly, flower production expanded as purchasing declined, yet wholesale prices in the state increased, nonetheless. Some flower was undoubtedly directed toward extraction to manufacture concentrates and infused products. The
Illinois Marijuana Sales Continue Growth in April
The Illinois Department of Financial and Professional Regulation (IDFPR) recently published adult-use sales figures for April, providing one of the first glimpses of how legal cannabis sales are faring in a full month under the specter of COVID-19. In an May 4 press release, IDFPR announced that adult-use cannabis retailers in the state generated over
Arizona Medical Marijuana Sales Up 15% in March
The Arizona Department of Health Services (ADHS) recently released its monthly report on the state’s medical cannabis program for March 2020. Headlines in numerous news outlets attributed a large month-over-month uptick in sales volume figures in March to the COVID-19 pandemic. However, prior years have also seen sales increases of comparable, or even larger, magnitudes
Random Sampling of Cannabis in Denver Dispensaries Identifies Yeast and Mold Issues
Colorado Does Not Currently Require Testing of End Products on Retail Shelves but Recent Assessments Bring Issue into Spotlight
Massachusetts Retail Cannabis Revenue Down Following Vaping Ban
New Data Released by Massachusetts Cannabis Control Commission Shows First Decline in Retail Cannabis Revenue Since Adult-Use Legalization Started
Hemp Benchmarks Releases October 2019 Spot Price Index Report
Price Decline in Major Hemp Product Categories Ushers in the Fall Harvest