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MARIJUANA DATA & TRENDS

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Adding Value Through Diversity in Business and the Boardroom

By J.J. McCoy, Senior Managing Editor for New Frontier Data

March is Women’s History Month, and while that is the kind of thing that mainstream venues tirelessly use as a hook for articles looking backward, New Frontier Data is naturally more inclined to gauge how women are leaning toward progress forward, and where we see things proceeding by using the past as prologue.

For instance, New Frontier Data is interested in recent findings that companies with women in their highest corporate offices correlate with greater profitability, according to Washington, D.C. based think tank Peterson Institute for International Economics and audit firm Ernst & Young. Their 2016 study of nearly 22,000 publicly traded companies in 91 countries found that an increase in the share of women in leadership positions (from between zero to 30%) was associated with a 15% increase in profitability.

Legalization Drives Interest in Canna-Tourism

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  • According to New Frontier Data's 2017 Cannabis Attitudes Survey, approximately one-fifth of respondents, 22%, indicated that they would be more interested in visiting a state which has legalized cannabis.
  • The majority of respondents, 66%, reported that legalization would not influence their travel interest.
  • Of the respondents who would be positively influenced by the availability of legal cannabis when selecting a destination, 84% said they were likely to purchase cannabis from a dispensary while there.
  • Those who indicated that legalization would positively influence their decision to visit a state were most interested in visiting Colorado (61%) and California (59%). Second tier canna-tourism markets included Washington(37%), Oregon (36%) and Nevada (36%).

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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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