Cannabit

September 28, 2020

Early Ballots Indicate Support for Legal Cannabis

By New Frontier Data Five weeks before Election Day 2020, 34 states plus the District of Columbia (D.C.) have legalized cannabis for medical use, and 11 […]
September 27, 2020

Growth Of The U.S. Legal Cannabis Industry

In 2019 the U.S. legal cannabis industry generated an estimated $13.2 billion in sales across all medical and adult-use state markets. In 2020, despite socioeconomic disruptions […]
September 21, 2020

Cannabis-Infused Products Markets Poised to Reward Sector-Specific Strategies

By John Kagia, Chief Knowledge Officer, New Frontier Data Demand for cannabis-infused products is experiencing explosive growth, fueled by surging consumer interest and technological advancements which […]
September 20, 2020

Infused Products Offer Big Opportunities – If Regulators Allow

In 2019. cannabis-infused products (i.e., topicals and edibles) accounted for 14% of total U.S. legal cannabis sales (both medical and adult-use markets). Cannabis-infused products are forecast […]
September 14, 2020

California’s Revised Cannabis Retail Sales Tax Revenues

California’s revised sales tax revenues depict a better-performing market than previously understood through initial data from its launch of full-use legalization. The state reported $44 million […]
September 13, 2020

California’s Revised Cannabis Sales Tax Revenues Lift Gloom of Market’s Early Performance

By John Kagia, Chief Knowledge Officer, New Frontier Data California recently released revised cannabis tax revenues which showed significantly higher revenues earned by the state’s legal […]
September 8, 2020

August Numbers Show Sustained Post-COVID Sales Increase

By Trevor Yahn-Grode, Data Analyst, New Frontier Data Post-COVID Sales Increases Continue The spike in cannabis sales, which extended from the start of COVID-19 lockdowns, seems […]
September 8, 2020

Annual Growth in Average Cannabis Spending

Increased cannabis sales are continuing since spikes in demand seen post-COVID-19 shutdowns. Despite a slight decrease from initial lockdown-related sales spikes in Q2-2020, average cannabis expenditures […]
August 30, 2020

DEA’s Potency Rule Threatens Viability of CBD Industry

On August 20, the DEA released its interim final rules (IFR) for hemp production. Rule changes include removing restrictions on importing and exporting hemp, and removing […]