Cannabits Archives - New Frontier

22Jul

Oregon Retail Flower Sales Soar as the Price Per Gram Falls

In 15 months, the average price per retail gram of flower plunged from $9.79 to $5.77, fueled by increased competition and greater operational efficiency. Meanwhile, the volume of flower sold grew dramatically, as more consumers transitioned to the legal market from illicit purchasing. While average consumer spending per transaction ($35.25) barely moved, the lower […]

15Jul

Banks and Credit Unions Working with Cannabis Business in the U.S.

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Despite federal prohibition of cannabis, the number of U.S. financial institutions serving the industry increased more than 29% in 18 months. Most institutions are state-chartered banks and credit unions; national banks avoid plant-touching businesses pending formal clarity of federal rules regarding cannabis businesses. Financial Crimes Enforcement Network (FinCEN) guidelines compel [...]

08Jul

National Arrests for Cannabis-Related Offenses 1996-2016

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Despite the majority of states allowing medical cannabis use, cannabis leads drug-related prosecutions in the U.S by a significant margin. Over 650,000 people were arrested for cannabis-related offenses in 2016, the most recent year for which data is available. This was virtually unchanged from 2015, but down 24% from a peak of 873,000 arrests […]

01Jul

U.S. Total CBD Market By Sector (in Millions)

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The FDA last week approved UK-based GW Pharmaceuticals’ Epidiolex, a “pure plant-derived CBD” extract shown to drastically reduce seizures in children with epileptic syndromes. Marking the FDA’s first-ever approval of a cannabis-derived pharmaceutical product, the DEA has 90 days (until September 23) to schedule Epidiolex, a landmark decision being carefully scrutinized by the industry at [...]

24Jun

Additional Revenues from Potential State Legalization

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More than a dozen states are expected pass new cannabis legalization measures before 2025. Of them, four are expected to open medical markets, while nine may embrace adult use. The new markets may add another $21.4 billion (a 22% increase) in total revenue to the U.S. legal market between 2021 and 2025. The revenue increase […]

17Jun

Top 10 Publicly Traded U.S. Cannabis Companies by Market Cap

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$23.9 billion The top 10 publicly traded U.S. cannabis companies are valued at $8.2 billion collectively, (CAD 23.9 billion), as illustrated here last week. Scotts Miracle-Gro drives most of the value of the top American companies, the $4.7 billion company already established as a leading lawn-and-garden supplier before investing heavily in cannabis assets, the most recent being […]

10Jun

Top 10 Publicly Traded Canadian Cannabis Companies by Market Cap

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With Canada poised to be the first G-7 country to fully legalize cannabis, investors have been actively seeking to capitalize on the unique opportunity. Canadian companies can export products internationally, dramatically increasing the size of the potential consumer base beyond the country’s 36 million residents. The export opportunity, coupled with a clearer regulatory environment […]

03Jun

U.S. Legal vs Illicit Cannabis Market Demand

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Cannabis use rates will continue to rise as legalized medical and adult-use programs spread across the U.S. and become normalized. Rising usage rates coupled with natural population growth will result in a growing illicit market. However, the rate of growth for an illicit market will be tempered (roughly 2% average per year through 2025) due […]

27May

Colorado Flower Sales Exceed 1.1 Million Pounds Since Market’s Launch

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Newly released data from the Colorado Marijuana Enforcement Division marks dramatic growth in the state’s volume of flower sold, from 25.2 thousand pounds in Q1-2014 to 100.4 thousand pounds in Q4-2017. Across the four-year period, the state sold more than 1.1 million pounds of flower, almost equally divided between the medical and adult-use markets. […]

20May

California Legal Cannabis Projections

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In January, California’s draft budget anticipated $175 million in total cannabis cultivation and retail taxes by June 30. For Q1-2018 the state collected cannabis taxes totaling $33.6 million (19.2% of the six-month forecast). New Frontier Data’s revised projections foresee $1.12 billion in medical cannabis and $805 million in adult use, for total cannabis sales […]