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MARIJUANA DATA & TRENDS

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Alaskan Seizures of CBD Products Leave Retailers in Limbo

By New Frontier Data Analysts

A case study in confusion came out of Alaska last week with news that officers of the state’s Alcohol and Marijuana Control Office raided several dispensaries of their cannabidiol (CBD) oil.
As reported by the Associated Press, the regulators received a tip from the U.S. Postal Service about leaking packages containing more than 1,000 vials of CBD oil destined for seven cannabis retail stores in Anchorage, Houston, Kenai, and Wasilla, respectively. Officers raided the stores and confiscated all their CBD extracts.
The confusion apparently stems from a December 2016 DEA ruling that any extract “from any plant of the genus Cannabis” is de facto a “marihuana (sic) extract,” and thus that the CBD extracts require lab testing before they can be sold in dispensaries.

Annual Number of Daily Doses Prescribed Per Physician

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  • Preliminary research suggests that pain patients in medical cannabis states use 11% fewer opioids.
  • Average number of pain reliever doses in medical states was nearly 96,000 in non-medical cannabis states compared to 85,000 in medical states.
  • Nationwide, prescriptions of opioid pain relievers jumped 272% in 22 years, from 76 million in 1991 to 207 million in 2013.
  • The three most commonly prescribed pain medications covered through Medicare (i.e., OxyContin, Hydrocodone, Fentanyl) cost the government $1.96 billion.
  • If medical cannabis was available nationally, the decreased Medicare expenditures on those three drugs alone would result in $220 million in savings for American taxpayers.

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NEW FRONTIER UPDATES

New Frontier Data: A Federal Crackdown on Recreational Cannabis Could Cost Industry Billions and Thousands of Jobs

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New Frontier Data: U.S. Cannabis Market Creates 283,422 Jobs by 2020

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Medical Cannabis Could Easily Save American Taxpayers Over $220 Million

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New Frontier Data, GrowGeneration Join Forces to Analyze Marijuana’s Ancillary Markets

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2016 Cannabis Industry Year End Review

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Cannabis Industry 2.0 Webinar

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Cannabis Industry 2.0: The Next “Step Up” Following Historic 2016 Elections

Washington – New Frontier Data, the cannabis Big Data and analytics authority, in collaboration with capital markets intelligence from Viridian Capital Advisors, a leading financial/strategic advisory and investment banking firm dedicated to the cannabis industry, has released Cannabis Industry 2.0, a brief looking at how the historic passage of eight ballot initiatives to legalize cannabis across the U.S. has ramped up activity in public markets and turned the tide for public companies in this high growth, emerging industry.

NEW REPORT: Florida Marijuana Sales to Top $1.6 Billion by 2020

Washington –New Frontier Data, the cannabis Big Data and analytics authority, in partnership with Arcview Market Research, the leading publisher of cannabis market research has released its Florida Legal Cannabis Market State Profile, which shows the potential growth of the medical market after Florida voters overwhelmingly chose to legalize medical marijuana with more than 70% of the vote. Our report projects that Florida’s market will grow to $1.6 billion by 2020 at a compound annual growth rate of 140%.*

NEW REPORT: Arizona Marijuana Sales to Top $681 Million by 2020 Despite Failure of Prop. 205

Washington –New Frontier Data, the cannabis Big Data and analytics authority, in partnership with Arcview Market Research, the leading publisher of cannabis market research has released its Arizona Legal Cannabis Market State Profile. Arizona’s medical cannabis market sales are expected to total $367 million in 2016. Medical sales are projected to climb to $681 million by 2020 with a compound annual growth rate of 17%.* This 2020 projection is approximately half the projected 2020 sales if Proposition 205 had passed on Election Night.

Images: New Frontier Data Conquered the New West Summit!

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Video: New Frontier’s John Kagia Talks Data with PBS

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NEW REPORT: Key State Ballot Initiatives Could Inject $7.8 Billion into the Marijuana Market by 2020

Washington – New Frontier Data, the cannabis Big Data and analytics authority, in partnership with Arcview Market Research, the leading publisher of cannabis market research, has released the Mid-Year Update of the 4th Edition of the State of Legal Marijuana Markets. If November’s cannabis ballot initiatives pass in California, Arizona, Nevada, Massachusetts, Maine, Montana and Florida these states alone will account for $2.7 billion in additional market sales in 2018, growing to nearly $8 billion in 2020. The report also finds that sales in the cannabis sector are projected to hit $20.6B by 2020 with a compound annual growth rate of 29%.

DEA Announcement to Deny Rescheduling of Cannabis Not Surprising

Washington – New Frontier, the leading Big Data and industry provider in cannabis, is not surprised by the DEA’s upcoming announcement to deny petition requests to change the legal classification of marijuana and does not see this development having a significant impact on the growth of the industry. However, the DEA’s position underscores the federal government’s conflicting positions between the DEA and NIH on the medical efficacy of cannabis.

Watch On-Demand Webinar For The 2016 Global Legal Marijuana Markets Report (Registration Is Free)

New Frontier, the authority in marijuana big data and business intelligence, has published its first report on international legal cannabis markets entitled, “2016 Legal Cannabis Markets: Global Outlook.”

Highlights from the report were discussed during a Webinar and included an open question and answer session with the report’s authors. This Webinar is available, on-demand, for free. To register and view the Webinar, click here.

MARIJUANA MARKET 101

What Is Industrial Hemp? And Is It Good For The Economy?

When people think about the legal cannabis market, most of the discussion centers around distribution for and consumption of medicinal marijuana, and the impact of recreational marijuana laws in states like Colorado.  Though made from similar plants, hemp is different from the marijuana people use to alter their mood or help them cope with physical and mental illnesses. What’s more, there is a growing U.S. market for hemp agricultural and hemp made products that is being tightly regulated, because of hemp’s long-standing illicit status.  Nevertheless, over a dozen states in the last three to five years have been experimenting with allowing various levels of hemp growth and cultivation, as well as product development. Both the U.S. Congress and state legislatures have been considering laws that would change hemp’s status and make it a legal crop. But what is hemp or industrial hemp? And does it have potential to be good for the U.S. economy?

What Is A Marijuana Dispensary?

Marijuana and medical marijuana dispensaries (also known as "compassion clubs") are offices or facilities that sell marijuana, as well as marijuana accessories, such as rolling papers, blunts and vaporizer pen mix. While some states allow the existence of a marijuana dispensary, the US Drug Enforcement Agency and other federal law enforcement agencies, still raid these facilities because they are not legal under federal law.

A Brief History Of Marijuana

Marijuana is the Mexican colloquial name for the plant genus Cannabis, which includes three species: Cannabis Sativa, Cannabis Indica, and Cannabis Ruderalis. Widely believed to have originated in central Asia, cannabis has been cultivated for at least 5,000 years, making it one of mankind's oldest agricultural commodities.
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