Legal Cannabis Archives

19May

The Fight for Weed

By Bob Moss, Principal, National Director of Governmental Affairs for Cohn Reznick For those of you that remember the 1971 top pop song, “I Feel the Earth Move” by Carole King, it was also in 1971 that President Nixon announced the War on Drugs, which classified marijuana as a Schedule 1 drug. Forty seven years […]

01Apr

CBD Impact on Healthcare

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Wholesale prices in maturing U.S. adult-use cannabis markets keep declining, with the Average Market Rate (AMR) in Colorado falling to $1,012, half that of 2014’s market launch. AMR, which sets growers’ excise tax liability, varies across markets: In Nevada, the average flower rate is $2,268, more than 2x that of Colorado’s, while other markets […]

25Mar

Colorado’s Cannabis Wholesale Price Trends

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18Mar

U.S. Federal Cannabis Legalization = 1.04 Million Jobs

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New Frontier Data’s latest report, Cannabis in the U.S. Economy, shows that under full legalization, the retail operations sector would have the most jobs (364k), followed by administrative (229k) and manufacturing (166k) While these percentages were applied on a national scale, percentage breakdowns by sector will vary by region, dependent upon local rules and […]

11Mar

Federal Cannabis Revenue to Total $44B Through 2025

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As retail revenue continues to grow in legal cannabis, so will jobs, business opportunities, payroll and of course tax revenue produced for the federal government. Total federal tax revenue is estimated $2.9 billion for 2017. Tax revenue is expected to grow consistently reaching $6.7 billion by 2025. Roughly 200,000 jobs exist in today’s legal cannabis market. By […]

04Mar

Federal Cannabis Revenue to Total $44B Through 2025

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As more revenue is generated in the legal cannabis, there will be more jobs created, and more business and payroll taxes generated for the federal government. Roughly 200,000 jobs exist in today’s legal cannabis market (i.e., growers, processors, wholesalers and retailers), not including ancillary businesses. By 2025, projections anticipate 630,000 industry-specific jobs. Total estimated [...]

25Feb

California Consumers’ Spending Up

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With a reported 8.9 million Californians aged 18 and older regularly using cannabis, the state’s adult-use market ought dwarf all other U.S. markets. As seen in other legalized programs, Eaze’s 2017 State of Cannabis Data Report found that monthly spending by cannabis consumers from 2016 to 2017 increased across all age groups, to averages […]

18Feb

California Cultivation and Manufacturing Licenses

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So far, cultivation licenses are primarily concentrated in Northern California, with the top five producing counties (Humboldt, Santa Barbara, Mendocino, Monterey, and Calaveras) accounting for 74% of 1,256 cultivation licenses issued; Humboldt County alone hosts 20% of that total. Yet, the licenses issued up to now fall far below the tens of thousands of […]

11Feb

Taxes & Fees Increase for California Cannabis

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When California opened its legalized adult-use market on January 1, some consumers were met with sticker shock. With new state and municipal taxes and fees being levied under the program, some Sonoma County consumers found themselves paying up to 42% more for products in 2018. In one example, 1/8 of an ounce of flower […]

04Feb

Oregon Product Sales Trends

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Oregon’s cannabis sales trends reflect a significant relative decline in demand for flower and pre-rolls, whereas concentrates/extracts have seen strong growth. From December 2016 to December 2017, market share for flowers dropped from 71% to 59% (minus 12%). During the same year-to-year period, demand for concentrates and extracts rose from 18% to 29% (plus […]