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The Illinois Department of Agriculture (IDOA) and the Division of Cannabis Regulation announced today an official Metrc implementation timeline for licensed cannabis businesses transitioning from BioTrack to Metrc as Illinois’ track-and-trace data system. Metrc has additional information and support available online here.
Cultivation Costs for Homegrowers. Indoor cannabis cultivation allows an average of four harvests each year instead of one. However, indoor cultivation is generally more expensive. Research from New Frontier Data estimates that around 3 million people grow their own cannabis at home in the United States.
In the fast-paced, data-driven world of the cannabis industry, partnerships are crucial to success. Turns out, his statements are backed up by thorough data analysis and insightful findings. The post The Rise of Cannabis Pre-rolls: Data Analysis Reveals Surging Popularity appeared first on Cannabis Central.
By Oliver Bennett, Special Contributor to New Frontier Data. They have attracted tourism, leading to Barcelona’s being dubbed “ the new Amsterdam ”; with a lounge bar aesthetic, they offer a more hospitable ambience than the iconic coffeeshops of the Netherlands, with a social element missing from the typical retail dispensaries of the U.S.
Akerna Connect is an eCommerce software which provides a suite of digital marketing tools to retailers and dispensaries so locations can reach their consumers and enhance the shopping experience through online ordering, loyalty programs, and text messaging. The tools that Akerna Connect provides our dispensary are game changing.
Although medical cannabis has technically been legal in Missouri for over a year and cards have been issued, patients are still waiting desperately for dispensaries to open across the state. That, coupled with various limitations imposed by the coronavirus, means dispensaries may have a limited selection of products when they first open.
Although August total medical cannabis sales is estimated because of an uncorrected IDPH data entry error, Illinois medical cannabis sales for 2022 should be around $353 million. Licensed medical cannabis dispensaries served 65,722 unique patients, who purchased 1,235,762 grams of dry cannabis. and 2020 totals of $357,119,378.27.
PureVita Labs has been built very intentionally with the most state-of-the art analytical equipment and proprietary research methodologies to provide superior benefits to cultivators, manufacturers, and consumers alike. The approach will build the integrity of the licensed market – one that relies on science and data. “In
Big data and technology have become critical to a wide variety of industries in recent years, and the cannabis industry is no exception. Through advanced data collection and the application of sophisticated algorithms, usable data is now available to help marijuana businesses: Predict trends. Met consumer demands. Reduce costs.
The list of cannabis brands to choose from on dispensary menus seems to be expanding by the day, and even we are losing track. The Kaviar Cone currently is the only “1.5g” infused preroll on Illinois dispensary menus. Kaviar Craft Grow in Illinois cultivates all Kaviar products.
One of those brands with new products is Cannect Wellness , a premium craft cannabis cultivator and product manufacturer. This week, the brand launched its first product, Secret Sauce, which is available at select dispensaries across Illinois. Cannect Wellness was founded in Illinois in 2020.
These classes include cultivators, manufacturers, retailers, distributors and delivery services. Importantly, the Commission will limit the number of cultivator licenses it awards in the 24-month period after February 22, 2021 to 37. This number includes expanded ATCs, but not microbusiness cultivators. Microbusiness Cultivator.
Even though laws were put into place that legalized MMJ and made it possible for qualifying patients to access the medication, dispensaries and sales had not yet come into play. It wasn’t until October of 2020 that dispensaries began opening their doors to qualifying patients for the sale of medical marijuana.
Provides a conditional adult-use cultivator license to process and distribute cannabis flower products without holding an adult-use processor or distributor license; provides a conditional adult-use processor license to process and distribute cannabis products; provides for the repeal of certain provisions upon the expiration thereof.
OTCQX: INLB ) (“Item 9 Labs” or the “Company”), a vertically integrated, cannabis dispensary franchisor and operator that produces premium, award-winning products, today announced several strategic management hires to support its national franchise expansion. Item 9 Labs Corp. She joins Unity Rd.’s Currently, Unity Rd.
The measure also preserves a handful of flexibilities that were introduced under Pennsylvania’s COVID-19 disaster declaration; after dispensary owners and patients praised temporary COVID-19 policies for the convenience they offered. What’s more, sales between dispensaries and patients accumulated $1.7
Indoor cultivation’s carbon footprint is so energy intensive that it is indefensible from an energy and environment perspective, argued the authors of the report. Many cultivators prefer indoor cultivation because it makes possible five or more grow cycles per year, compared to only one or two outdoors. But there’s a price.
Over the study period, 59% of dispensary licenses were issued to minority- or women-owned businesses (compared to 21% for the medical cannabis market). While there is more work to be done in the future, this study is essential to explain all available data when it comes to equitable cannabis policy.
billion in the United States in 2018, and the number of “plant-touching” jobs is expected to pass 500,000 by 2022, according to New Frontier Data, a cannabis market research and data analysis firm. People often want to run a dispensary or set up a cultivation center and I ask, ‘Well, have you ever done retail?
Industry insiders say the contraction was expected and is the inevitable result of speculation, increasing competition and market saturation in a state that has no license caps for cultivators, processors and dispensaries. Ed Keating, the chief data officer at Cannabiz Media, said the decline was not a surprise. The entire U.S.
We look forward to launching our high quality Papa’s products in the Oregon market and working hard to earn the trust of the customers through the 650+ dispensaries in the market. The Company sells cannabis products principally to dispensaries in the U.S. 2 All sales figures sourced from the May 2021 BDSA Sales Data.
Across the country, retail stores and medical dispensaries are seeing large revenues, despite the even larger burden of regulations and the persistent federal prohibition of the practice. Many of the dispensaries, especially in Nevada, are seeing their efforts pay off. How do I start a dispensary? 1] [link] ; [link]. [2]
Cannabis Business Times and Cannabis Dispensary launched the Best Cannabis Companies To Work For—2020. This survey and awards program will identify and recognize the best employers in cannabis cultivation and dispensary markets. The process includes two surveys to gather detailed data about each participating company.
Hemp Benchmarks , a division of New Leaf Data Services and leading provider of financial, business, and industry data for the North American hemp markets, recently issued its report for July, which touches on some of the most high-profile talking points of the hemp market to date. New York has instituted similar restrictions.
From July 2017 to June 2018, the state saw $529,851,245 in taxable medical and adult-use cannabis sales, a figure that has steadily increased to $719,216,651 during the current fiscal year, which includes sales data from July 2020 to March 2021, according to the Nevada Department of Taxation. They’re flexible and ready to pivot.”.
The money will be used to purchase the cultivator’s assets. Included in the deal are a hoop house, indoor greenhouse, outdoor cultivation capacity, equipment, and cultivation facilities. It marks the company’s first foray into the cultivation segment — an area of the global cannabis market expected to reach $358.8
HB1445/SB1235, unfortunately, didn’t provide a framework for cultivating or distributing medicines, so patients had to get their cannabis from another state (a no-no under the US Department of Justice’s now-rescinded guidelines ). SB 1027 authorized the Board of Pharmacy to issue permits for marijuana cultivation and processing.
The first amendment adds that a “craft grower may contain up to 14,000 square feet (instead of 5,000) of canopy space on its premises for plants in the flowering state, which must be cultivated in all stages of growth in an enclosed and secure area.” Illinois has 17 such regions.
According to Cannabis Business Times , Aphria – one of Canada’s biggest licensed producers of medical and recreational marijuana – recently opened a dispensary in Kingston, Jamaica. “An states, providing medical marijuana through dispensaries. Now, both Canada and Jamaica achieved a new historic milestone.
The Disparity and Availability Study’s purpose is to collect and analyze data and will report on whether discrimination exists in the Illinois cannabis industry. The finished results of the report will be given to the Illinois General Assembly and Governor. Constitution.
Do the tastes of cannabis consumers determine what strains are on the shelves, or are cultivators still setting the tone for what cannabis looks, smells, tastes, and feels like today? According to Josh Malman, the VP of cultivation at Jushi Holdings, as legalization spreads, the consumer is having more of a say. “I
The DHSS approved 23,000-plus patients and caregivers in program year 2019—before commercial sales began—with roughly 33% also approved to home cultivate. That year, Missouri home cultivators were comprised of 7,276 patients and 298 caregivers. The 192 dispensary licenses allowed in Missouri represent approximately 3.1
Company Leads the Market with Largest-Scale Cultivation in the State. We are excited to begin cultivation in West Virginia and be one step closer to providing relief to the patients who need it,” said Nicholas Vita, CEO of Columbia Care. NEW YORK–(BUSINESS WIRE)– Columbia Care Inc. About Columbia Care.
Combining CannAscend’s footprint with our state-of-the-art cultivation and production facilities and existing dispensary will have an immediate positive financial impact, and we look forward to continuing on the growth trajectory as one company. The purchase option agreement was first announced in 2018. About Columbia Care.
Ohio’s Cannabis Landscape: Current Status and Future Outlook Ohio’s medical marijuana program, first launched in 2016 , brought legal access to patients managing certain debilitating conditions, but it took three years for dispensaries to open up due to regulatory challenges. Variables abound, but the fiscal promise is clear.
To make things clearer, the bottom of the Eaze entry on the apps store clearly states “Eaze does not cultivate, distribute or deliver marijuana.”. The current policy states that “facilitating the sale of controlled substances (except for licensed pharmacies and licensed or otherwise legal cannabis dispensaries), or tobacco is not allowed.”.
Data on injured workers from the nation’s most mature adult-use cannabis market is pretty boring. No excessive claims resulting from injuries suffered by stoned forklift drivers, high cultivators, or even dispensary workers who were hurt during a robbery. A report in the Insurance Journal reveals that it’s all a bit dull!
In early February, the West Virginia Office of Medical Cannabis (OMC) announced the successful applicants to receive a medical cannabis dispensary permit. RELATED: Medical Cannabis Dispensary Permits Announced in West Virginia. and West Virginia-based medical cannabis dispensary Harvest Care Medical.
The law also allows for the cultivation of up to 12 mature cannabis plants at home, or 6 if there is only one adult in the house. There are currently dozens of licensed dispensaries across the state. Long before New Mexico legalized recreational cannabis, the Land of Enchantment approved a medical marijuana program in 2007.
Cannabis Business Times and Cannabis Dispensary have launched the Best Cannabis Companies To Work For—2022. The awards program will identify and recognize the best employers in cannabis cultivation and dispensary markets, continuing the recognition the media brands debuted two years ago. Registration and recognition is free.
Cannabis Business Times and Cannabis Dispensary have launched the Best Cannabis Companies To Work For—2022. The awards program will identify and recognize the best employers in cannabis cultivation and dispensary markets, continuing the recognition the media brands debuted two years ago. Registration and recognition is free.
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. The establishment of cultivation, processing, and dispensary facilities creates a diverse array of employment opportunities, spanning from agricultural roles to retail positions.
. (“Vext” or the “Company”) (CSE: VEXT) (OTCQX: VEXTF) a cannabinoid brand leader based in Arizona , leveraging its core expertise in extraction, manufacturing, cultivation and marketing to build a profitable multi-state footprint, today announced that it has signed a Memorandum of Understanding (“MOU”) with S?RSE
AUSTIN, Texas–(BUSINESS WIRE)– Texas Original Compassionate Cultivation (TXOG), Texas’ leading medical cannabis provider, announced today it has hired Aaron Trahan as head of customer operations. About Texas Original Compassionate Cultivation.
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