Caregiver and home-grown markets still preferred after dispensaries open in 2017
August 9, 2018
Washington – New Frontier Data, the global authority in data analytics and business intelligence in the cannabis industry, releases2018 Cannabis Industry Trends Report: Market Insights. This report examines trends in the burgeoning cannabis industry across the United States and explores market demand, federal and legislative action, compliant banking practices, and the opioid epidemic. Caregiver and home-grower markets continue to dominate Hawaii’s medical market despite the start of dispensary sales in August 2017.
“Home-grown and caregiver-provided cannabis tends to be cheaper than dispensary products, so for the retail dispensary market in Hawaii to see the type of growth experienced in other markets, operators need to provide significant benefits in the forms of product variety, service, and cost-cutting programs if they are going to convince existing patients to transition from the caregiver market to the retail one” saidKacey Morrissey, Associate Director of Industry Analytics at New Frontier Data.
Before dispensary sales began, the count of registered medical cannabis patients under the caregiver and home-grow program exceeded 15,000. Full legalization was expected to boost patient numbers because of increased access to medical cannabis - as it has in most other legal states - but it did not have a similarly severe impact in Hawaii. That in part was due to the high engagement of Hawaii’s existing medical cannabis patients with the caregiver community that has existed for well over a decade.
Visit www.newfrontierdata.com/trends to download the full report.
About New Frontier Data:
New Frontier Data provides objective, rigorous and comprehensive analysis and reporting about the nascent and underserved cannabis industry worldwide. New Frontier Data’s analytics and reports have been cited in over 65 countries around the world to inform industry leaders, investors, policymakers and others. New Frontier Data, the premiere and only Big Data shop in the sector, looks beyond plant cultivation and distribution to raise the industry bar and improve visibility into what will inevitably soon be a mature and more complex global market. Founded in 2014, New Frontier Data is headquartered in Washington, D.C. and has additional offices in Denver, Colorado.
New Frontier Data does not take a position on the merits of cannabis legalization. Rather, its mission and mandate are to inform cannabis-related policy and business decisions through rigorous, issue-neutral and comprehensive analysis of the legal cannabis industry. For more information about New Frontier Data please visit: www.newfrontierdata.com.