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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.
The nonpartisan Legislative Analyst’s Office said combined excise and cultivation tax revenue for the fourth quarter, which ended in June, amounted to $212 million—roughly tying the first quarter of the fiscal year for the most tax dollars raised in any single three-month period since legal sales launched. Other recent reports.
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
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. In addition, consumers can opt-in for loyalty programs and text message alerts.
Among other Health Canada data released Friday for the October 2019 period reports MJ Biz. Nationally, 30 million packaged units of cannabis products were held in inventory by cultivators, processors, distributors and retailers. million packaged units of cannabis were sold in Canada. 490,000 units of cannabis extracts were sold.
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. December’s retail sales included $14,255,331.28 Total retail sales since November 2015 by licensed medical cannabis dispensaries is $1,638,776,607.69.
California Cannabis Cultivation Tax Eliminated. The budget trailer bill eliminated the cannabis cultivation tax beginning July 1, 2022. The harvested cannabis was first sold or transferred by a cultivator to a distributor on or after July 1, 2022. Delivery Data Required to be Reported in Metrc.
On April 19, 2021, construction began on three buildings, one retail and two industrial, totaling approximately 63,000 square feet. According to a New Frontier Data Report, the overall legal cannabis industry in America is valued at roughly $13.2 Goodblend expects to complete the project near the beginning of next year.
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. Read more about the cultivation and dispensary businesses that ranked in the 2021 program and were featured in Cannabis Business Times and Cannabis Dispensary.
Cannabis legalization is expanding at a rapid clip into states not usually associated with large scale marijuana cultivation. This includes Midwestern states like Michigan and Illinois that don’t benefit from year-round sunshine like California, for decades the cannabis cultivation powerhouse of the United States.
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.
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. Cultivator Tier I.
On eve of Commission’s fourth birthday, Marijuana Establishments surpass $2 billion in gross sales since retail stores opened in Massachusetts; progress continues to achieve industry goals. Over the first year of adult-use sales , from November 2018 to November 2019, 33 Marijuana Retailers generated $393.7
But there are a few data points that we can isolate that are highly telling. While retail cannabis employees typically have good experiences, cultivation workers such as trimmers might experience something completely different. Current Treatment of Cannabis Businesses and Workers. The Benefits of Unionization Under State Law.
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?
Notably, both the low and high ends of observed transaction data – $900 and $1,650 per kilogram – were up compared to May.”. Flower grown indoors or in greenhouses also typically commands a premium price compared to that cultivated outdoors.”. Food, beauty products and supplements popped up on every retail counter.
Halo is a leading, vertically integrated cannabis company that cultivates, extracts, manufactures, and distributes quality cannabis flower, oils, and concentrates and has sold approximately nine million grams of oils and concentrates since inception. 2 All sales figures sourced from the May 2021 BDSA Sales Data.
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.
Data Snapshot: Cannabis Consumer Spending and Trends: James Ahrendt , Business Intelligence Architect, Akerna. We carefully curate this data and research-based report for anyone interested in gaining a better understanding of the fastest-growing industry in the world,” says Jessica Billingsley , Akerna Chief Executive Officer. “We
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.
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
Tilray Inc. (NASDAQ: TLRY), one of the world’s largest medical cannabis producers, is expanding its retail footprint in Canada. The British Columbia-based company said Thursday it signed a deal to buy Alberta pot retail chain Four20 in an all-stock deal worth up to $110 million. Tilray acquires Alberta cannabis retailer Four20.
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
This burgeoning industry encompasses a wide range of activities, including cultivation, processing, distribution, and retail sales of medical cannabis products. Opportunities range from direct investments in cultivation and processing facilities to ancillary businesses such as technology, logistics, and branding.
The transaction will provide MTL Cannabis with immediate access to additional licensed cultivation space, more than doubling the company’s current 57,000 sq. of cultivation and production space through a second building situated at MTL’s Pointe-Claire location. and 30,000 kilograms of annual production.
New open market for cannabis retail stores in Ontario – what does this mean for you? As you might have heard, the Ontario government is moving to an open market for retail cannabis stores. An increase on ownership caps of retail stores by licensed producers; now up to 25% stake. •. Total number of client retail engagements.
million) | Current tax rate: 15% wholesale, 15% special retail. Colorado’s 15% wholesale excise tax and its 15% special retail tax do not apply to those sales. The special retail tax rate was 10% until the legislature and governor increased it in July 2017. million) | Tax rate: 37% at retail since July 2015; 6.5%
Under this plan, the first distributor in the chain of distributors would be responsible for remitting the cultivation tax, and retailers would be responsible for remitting the excise tax. The proposed changes to tax collection should be welcome news for distributors, but less welcome news for retailers.
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.”.
Erica Tarnowski , Franchise Development Manager: A passionate, data-driven franchise professional, Tarnowski has six years of franchise experience across franchise development and marketing roles with Dessange Group North America and 919 Marketing. She joins Unity Rd.’s Currently, Unity Rd.
Cannabis Benchmarks, a unit of a privately held company called New Leaf Data Services, announced Friday morning that its three indexes of Canadian marijuana spot prices are now being disseminated through Nasdaq’s proprietary GIDS information service. Would you like to monitor what cannabis is selling for in Canada?
Salpy Boyajian joined Flower One in October of 2018 following the acquisition of NLV Organics (NLVO), a renowned consumer brand and luxury cultivator she co-founded in 2014. Emily Kowalski Vice President of Cultivation, LeafLine Labs. The post Fire & Flower Brings Proprietary Retail Tech to U.S. Neiden Tomaselli.
Additionally, under the Aureus™ brand, standardized cannabis extracts and feminized seeds are made available to cultivation, cosmetic and pharmaceutical partners around the world. Avicanna manages its own supply chain including cultivation and extraction through its two majority-owned subsidiaries, Sativa Nativa S.A.S.
Trahan brings two decades of retail management and customer experience expertise to Texas’ leading medical cannabis provider. 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.
It’s used by Federal statistical agencies for the collection and analysis of statistical data related to our economy. Now, the cannabis industry is relatively new, and no doubt federal statistical agencies are still figuring out how to collect data on the federally illegal, but state legal, cannabis industry.
A turnkey retail and educational in-store platform for emerging CBD sector. Provides major benefits to both small and mass market retailers and their customers. Co-developed with Sprout , the leading CRM provider to the cannabis industry, the platform is driven by proprietary data and technology. Norwood, MA, Aug.
Still, some manufacturing and cultivation licensees opt to utilize distributors for sales and retail relationships with the distributor attempting to act like a brand house (more akin to the liquor model). 3. Relationship with Retail. From a regulation perspective, dealing with a distributor is not optional.
TILT”) ( OTCQX: TLLTF ), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, as they upgrade their public listing to the NEO Exchange. Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook.
With a strong retail and wholesale network in California – the world’s largest cannabis market – Glass House strives to deliver outstanding craft cannabis products, produced sustainably, for the benefit of all. It also took us to the NEO Exchange as the ideal platform to fund our vision. About Glass House Brands Inc.
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!
MedMen acquired PharmaCann, a dispensary chain, for $682 million in equity in December 2018 — one of nine deals by MedMen since the beginning of 2018, according to Mergermarket data. Such brands will be looking for shelf space at retailers, changing the landscape of retailers selling only their own brands, he adds.
Dan Banks, the vice president of cultivation for Lightshade, says he analyzed the total amount of illumination needed at the company’s 20,000-square-foot greenhouse facility and determined that the 336 supplemental HPS lights in the space did not provide enough luminosity. Lightshade uses a palletized moving bench system in its greenhouse.
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