As cannabis market observers are well aware, each state that has legalized cannabis for adult or medical use has its own framework for regulating its industry. Additionally, most states provide various data and information on their legal cannabis markets to the public. Such data often includes market fundamentals like business licensing statistics, production figures, retail sales, tax collections, and other information.
This fundamental cannabis market data plays a vital role in understanding each state market, providing essential information about supply and demand dynamics, market trends, and factors influencing wholesale prices. However, as alluded to above, the data released by individual states can vary widely in its form and extent, making comparisons and other analysis challenging.
To further our mission of bringing transparency to the legal cannabis industry via unbiased data and analysis, Cannabis Benchmarks has collected and analyzed years of cannabis market data published by states and made it available to our readers, providing a one-stop resource with easy access to critical information for market participants and decision makers.
How can you use this fundamental cannabis market data to cultivate a deeper understanding of the industry?
1. Supply and Demand Analysis:
2. Price Forecasting:
3. Risk Management:
4. Market Timing and Strategy:
5. Market Sentiment and Investor Sentiment:
It’s important to note that while fundamental cannabis market data is a valuable tool, it should be used in conjunction with technical analysis, risk management techniques, and historical wholesale price data to make well-informed decisions. Market participants should continuously monitor and update their analysis based on the evolving fundamental factors and market conditions that exist in each state market.
Access state-level cannabis market data using the interactive charts that Cannabis Benchmarks makes available to all of our readers. For access to the full suite of charts, subscribe to our PREMIUM service, which includes our proprietary wholesale cannabis flower price data broken down by state and cultivation method. If you would like direct access to the data behind the charts and historical wholesale prices, contact us about our ENTERPRISE service offerings.