Cannabits Archives - New Frontier

16Sep

The Home Grow Market Could Grow Quickly as Adult Use Expands

In 2017, rising sales of concentrates in Colorado represented nearly 30% of all retail cannabis sales. While in Q1-2016 sales of medical concentrates were 44% higher than for adult-use sales, preferences had flipped by Q4-2017 as adult-use sales outpaced medical sales by 6%. Overall, the number of concentrates sold per adult cannabis consumer in […]

09Sep

DEA Plant Eradication Decline, as Processed Cannabis Seizures Hit a Record High

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As eradications decreased, the DEA’s number of interceptions of bulk processed cannabis nearly tripled, jumping 181%, from nearly 54,000 pounds in 2009 to over 151,000 last year. Rising volume in bulk cannabis interceptions reflects increased enforcement as the DOJ targets product diversion from legal markets to states where cannabis remains illegal or unregulated. Cannabis-related […]

30Aug

Cannabis Jobs and Revenue Potential for Native Americans

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Among factors cited by experts identifying longtime tribal joblessness and an economic malaise are underinvestment in tribal areas, a lack of resources, and low educational attainment. Some tribes have turned to gambling to drive economic development, but casino and gaming opportunities are limited and do not have as wide spread an economic impact as most […]

26Aug

Potential Cannabis Job Creation for Native American Workers

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Native American unemployment rates are the highest among identified U.S. racial groups. At 8.5%, the Native American unemployment rate was more than twice that among whites (3.7%) and nearly double the 2017 U.S. average (4.4%) overall. Some tribes face chronic, systemic unemployment rates beyond 50%. Cannabis jobs on Native lands would be similar in […]

18Aug

Significant Growth is Expected with Branded Marijuana-Derived CBD Products

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The CBD Report 2018: Industry Outlook, details how the U.S. CBD industry grew nearly 40% in 2017, reaching $367 million in sales across both hemp-derived and marijuana-derived markets. For the first time in 2017, U.S. hemp-derived CBD products outsold marijuana-derived CBD products. Marijuana-derived CBD branded sales grew from $64M in 2016 to $118M in […]

13Aug

Hemp-derived Pet Supplies in the Growing CBD Market

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Most hemp-derived, pet-and-animal sales occur via the internet, as traditional mass-market pet retailers are yet to carry the products. In 2017, total hemp-derived, pet-and-animal product sales reached $13 million, with the market expanding quickly as producers aim to distribute through traditional pet-care channels. Pet-and-animal product sales are estimated to reach $125 million by 2022, [...]

05Aug

Canadian Market Driving Hemp and CBE M&A Activity

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Canada’s cannabis market is booming as advertised under Prime Minister Justin Trudeau’s cannabis-friendly administration. M&A activity has been concentrated among Canadian public companies (trading via TSX, CSE, or OTC) investing with or acquiring hemp companies. Access to capital and a better regulatory environment in Canada have stimulated investor activity there more than among U.S. [...]

29Jul

California Cultivation Licenses Top Counties

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Some notable trends emerged through New Frontier Data’s analysis of where California’s 3,040 cultivation licenses have been issued as of July 18. Out of the 27 participating counties, Santa Barbara and Humboldt account for more than half (52%) of the active growers licenses. Monterey and Merced counties mark the state’s unofficial southern divide, there are […]

22Jul

Oregon Retail Flower Sales Soar as the Price Per Gram Falls

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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 [...]