American marijuana businesses could pump up to $130 billion on an annual basis into the U.S. economy by 2024, a staggering figure that highlights the true reach of the nation's cannabis industry. Estimates published in the newly released...
Eli McVey
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Chart: Retail cannabis sales surpass NBA revenue, approach prescription pain meds
With revenue of $10.6 billion-$13 billion in 2019, sales of legal adult-use and medical marijuana in the United States topped spending on sleep aids, hard seltzer and toothpaste combined. Total marijuana sales now exceed the National Basketball Association's annual...
Chart: Shelf space at a premium as more brands enter cannabis space and retailers use pay-to-play practices
As more brands enter the marijuana products marketplace, competition for retail shelf space in key adult-use markets such as Colorado and Washington state is intensifying.
An up-close look at COVID-19’s impact on US marijuana sales
Eli McVey, research analyst for Marijuana Business Daily, presented his research this week on how the COVID-19 pandemic has influenced cannabis sales and the behavior of adult-use and medical cannabis consumers.
Exclusive: US retail marijuana sales on pace to rise 40% in 2020, near $37 billion by 2024
Retail sales of medical and recreational cannabis in the United States are on pace to eclipse $15 billion by the end of 2020, an increase of approximately 40% over 2019 sales figures, according to exclusive projections from the 2020 edition of the Marijuana Business Factbook.
Chart: Tepid adult-use cannabis sales in Massachusetts for first week of reopening
Recreational marijuana stores reopened in Massachusetts in late May after a state-mandated, two-month shutdown in response to the coronavirus, but sales during the first week were lukewarm. Retailers across the state generated $13.6 million for the week of May 25, up...
Chart: Adult-use marijuana sales show resiliency in May, despite pandemic
More than 2½ months into the coronavirus pandemic, cannabis sales in five of the nations’ largest recreational markets are a mixed bag. But sharp sales increases in Oregon and Washington state - two mature adult-use markets driven by demand from in-state residents...
Chart: Medical marijuana sales in Oklahoma near $300 million in first five months of 2020
Already one of the largest and fastest-growing markets in the country, Oklahoma’s medical marijuana industry broke sales records in both April and May as consumers stocked up on products amid the coronavirus pandemic.
Chart: Florida’s medical cannabis market booms despite pandemic, US economic woes
Despite the ongoing coronavirus crisis, Florida's medical marijuana industry continues to surge, with sales remaining well above pre-pandemic levels. Demand for medical marijuana is at an all-time high, providing yet another example of the...
Chart: North Dakota’s medical marijuana program gathers steam, but challenges remain
After a slow start, North Dakota’s budding medical marijuana industry appears to be finding its footing. Limited access to MMJ, the temporary closure of a dispensary in the state’s most populous city and general complications from the coronavirus pandemic still...
Chart: Medical cannabis sales regain their footing in Ohio despite coronavirus volatility
Sales in Ohio’s nascent medical marijuana industry steadily improved during the first four months of 2020, despite short-term hiccups caused by the coronavirus pandemic. Through the end of April, roughly $50 million of medical marijuana was sold in Ohio in 2020 - just...
Chart: Medical marijuana sales, patient counts hold steady in Maryland
Maryland’s medical cannabis market remains one of the strongest in the United States, with the robust sales and patient increases of 2019 persisting into a tumultuous 2020. Sales in Maryland hit $252 million in 2019, up from $109 million in 2018. [include_post...
