Category: Geographical Data

Celebrity cannabis brands have been around since legal cannabis sales started at the state level in the United States, however, they have become far more numerous in recent years. Actors, musicians, and professional athletes are flooding into the cannabis space at a seemingly every increasing rate. Hoodie Analytics tracks cannabis brands around the United States,…

Florida May Become The Second-Largest Cannabis Market In The U.S.

Jun 20, 2024

—

by

Florida is set to vote on an adult-use cannabis legalization measure this November. The measure was placed on the ballot via the state’s citizen initiative process, and due to Florida’s election laws, the measure will require at least 60% of the vote to pass. If Florida voters do approve the measure, it would make Florida…

Legal Adult-Use Cannabis Sales Would Generate An Estimated $250 Million Annually For Pennsylvania

—

by

Pennsylvania shares borders with six other states, many of which either already allow adult-use cannabis sales or are in the process of trying to do so. New York, New Jersey, and Maryland already allow sales. Ohio is expected to launch sales as early as next month, and Delaware’s expected to launch recreational sales through it’s…

How Do Cannabis Industry Loan Default Rates Compare To Mainstream Businesses?

—

by

Many headlines were made in the last year that focused on the net financial losses for many of the world’s largest cannabis companies. The losses can be attributed to a number of factors, and are not limited to any single market. Small and medium-sized cannabis companies in the legal industry are better at staying current…

Average Price For A U.S. Cannabis Pre-Roll Was $6.73 In April 2024

—

by

in Geographical Data, Sector Data

Pre-rolled cannabis joints are very popular with cannabis consumers in legal U.S. markets. Most legal cannabis dispensaries in markets in the United States offer pre-rolls in a variety of amounts, from sales of single pre-rolls to packs of several pre-rolls. “In April 2024, the average cost of a pre-roll dipped to $6.73, down from $8.03…

Legal New York Dispensaries Near Closed Illegal Shops See A 27% Rise In Sales

—

by

On May 21st, 2024, New York regulators launched an enforcement task force with the goal of shutting down unregulated cannabis shops that have proliferated the state. The task force’s creation came after lawmakers in New York increased local enforcement powers. In total, over 500 illegal stores have been shuttered, 400 of which were located in…

Mexico’s CBD Industry Is Projected To Be Worth $675 Million By 2027

Jun 18, 2024

—

by

in CBD And Hemp Data, Geographical Data

This week Mexico’s emerging legal hemp industry passed a major milestone, with Mexico’s Federal Commission for the Protection against Sanitary Risks (COFEPRIS) reportedly authorizing the cultivation of low-THC hemp plants (less than 1% THC content). The announcement came in the form of a letter from the regulatory entity to Semillas Endemicas Mexicanna SA de CV,…

Analysis: Ohioans Spent More Than $700 Million At Michigan Cannabis Dispensaries In 2023

Jun 18, 2024

—

by

Michigan legalized cannabis for adult use in 2018, after having already legalized medical cannabis years prior (2008). In November 2023, Ohio became the twenty-fourth state to legalize cannabis for adult use and Ohio regulators are currently accepting applications from aspiring recreational cannabis business operators. Sales could begin as early as next month in Ohio. Many…

How Many People Have Entered The 2024 California State Fair Cannabis Competition?

Jun 18, 2024

—

by