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Cannabis Taxes Are A Boon for Colorado’s Government’s Coffers

Cannabis Taxes Are A Boon for Colorado's Government's Coffers In three years of Colorado's legalized adult use cannabis, the state has collected over $236 million combined from its 2.9% sales tax and 10% retail tax. Denver leads the state in cannabis revenues, having raised nearly $88 million from adult use sales -- more than the $80.5 million raised by the next […]
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Shedding Some Light on the (Occasionally) Dark Arts of Forecasting State Tax Revenues

By Beau Whitney, Senior Economist & J.J. McCoy, Senior Managing Editor for New Frontier Data Recently, New Frontier Data’s Senior Economist Beau Whitney was invited by the Oregon Office of Economic Analysis to attend a cannabis tax forecasting meeting in the state capital of Salem. Though he has previously participated in the Oregon Governor’s Council of […]
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Diversity & Community Impact Fall Short in PA Grower’s Application

Pennsylvania Growers’ Scores Yield a Bumpy Crop  Pennsylvania awarded its first 12 cultivation licenses from 163 reviewed applicants. The top four evaluation criteria included 1) a diversity plan, 2) community impact, 3) business history and operational capacity, and 4) capital requirements. The average score among applicants was 63% of the potential maximum. While the state’s […]
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Pennsylvania Growers Lack in Diversity

By J.J. McCoy, Senior Managing Editor for New Frontier Data Last month, Pennsylvania officials made two much-awaited announcements toward the opening of the commonwealth’s medical cannabis market next year. In separate press conferences held a week apart, the Pennsylvania Department of Health in charge of administering the Keystone State’s medical cannabis program awarded 12 licenses for […]
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The LGBT Community – A Potent Constituency Among Cannabis Consumers

The LGBT Community – A Potent Constituency Among Cannabis Consumers According to the Movement Advancement Project (MAP), 4.3% of adults in Colorado identify as LGBT, yet the same demographic represents 8% of the state’s past-month cannabis users. That rate of engagement suggests the LGBT community as a significant if largely untapped business opportunity to develop […]
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Pennsylvania Awards Permits for Medical Cannabis Dispensaries

  By J.J. McCoy, Senior Managing Editor for New Frontier Data The Pennsylvania Department of Health today granted 27 dispensary permits for medical cannabis dispensaries, chosen among 280 applicants. Last week, the state awarded licenses to 12 medical cannabis growers and processors among 177 applicants (check this space for forthcoming New Frontier Data analysis about the […]
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Identifying Cannabis Usage and Legalization Support by Sexual Orientation

  By Andrew Martinez, Data Analyst of Frontier Data The use of cannabis is not uniform across demographics. According to a 2014 survey of Colorado adults conducted by the Colorado Department of Public Health and Environment, there are considerable differences in cannabis usage rates across races, income levels, education levels, and age groups. Somewhat surprisingly, the […]
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Two Coasts, Two Cannabis Industry Events, Aimed in Tandem Toward Shared Objectives

By J.J. McCoy, Senior Managing Editor for New Frontier Data Earlier this month, professionals and interested parties alike were somewhat split by logistics between two bookending industry events: the National Cannabis Industry Association (NCIA)’s 4th annual Cannabis Business Summit & Expo over June 12-14 in Oakland, Calif., and the Cannabis World Congress and Business Expo (CWCBE) […]
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Strong Growth, Limited Access to Banking Fuels Private Cannabis Investment

Strong Growth, Limited Access to Banking Fuels Private Cannabis Investment  Between Q1 2016 and Q1 2017, Viridian Capital Advisors tracked 439 cannabis investment deals, totaling $1.92 billion capital raised across 12 segments of the industry. The top performing sector – cultivation & retail – saw nearly half a billion dollars in new investment to meet […]
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Pennsylvania Names Licenses for State’s First Growers

    The State Announces Awarding a Dozen Licenses for Cultivation/Processing         By J.J. McCoy, Senior Managing Editor for New Frontier Data Pennsylvania health officials today announced 12 licensees to cultivate medical cannabis in growing facilities throughout the state. Among the winners identified by the Pennsylvania Department of Health, with their [...]
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