Tag: united states
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Over 31,000 Public Comments Submitted For DEA’s Cannabis Rescheduling Proposal
In May 2024, the United States Drug Enforcement Administration (DEA) published a proposed rule to reschedule cannabis. Cannabis is currently classified as a Schedule 1 substance at the federal level in the U.S., with the DEA’s proposed rule rescheduling cannabis to Schedule III. The proposal was first announced by U.S. President Joe Biden days before…
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How Long Does It Take For Cannabis MSOs To Sell Their Inventory?
How quickly a cannabis company sells their inventory can be a good indicator as to how popular their brand is among patients and/or consumers. It is not a perfect science, as some companies can obviously sell their inventory faster if they don’t produce as much of it, however, for companies that operate on a large…
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Cultivation Study Highlights Environmental Need For Legalizing Interstate Cannabis Commerce
It doesn’t take a genius to understand that cultivating cannabis outdoors under the sun has less of an environmental impact compared to cultivating cannabis indoors under artificial lighting. However, recently published research findings have quantified the difference between the two cultivation methods. The results of the study, which were initially reported by Marijuana Moment, found…
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Global Cannabis Food And Beverage Market Projected To Reach $2.63 Billion By 2026
The legal worldwide cannabis food and beverage market is projected to reach an estimated $2.63 billion by 2026 according to a new report by Allied Market Research. The projected increase in market value is attributed to cannabis policy modernization efforts around the globe and increased consumer demand. “According to a new report published by Allied…
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Consumers Report Drinking Less Alcohol After Cannabis Sales Become Legal
Consumers in North America have reported consuming less alcohol after their jurisdictions legalized recreational cannabis sales according to the results of two new surveys, suggesting that consumers are replacing alcohol use with cannabis use. “In Canada, where cannabis has been legal nationwide since 2018, 22.8% of people who use both cannabis and alcohol reported drinking…
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What Are The Most Popular Celebrity Cannabis Brands?
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,…
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How Do Cannabis Industry Loan Default Rates Compare To Mainstream Businesses?
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…
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Average Price For A U.S. Cannabis Pre-Roll Was $6.73 In April 2024
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…
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Which Markets Does Cannabis Data Company BDSA Track?
Cannabis data company BDSA describes itself as helping “businesses improve revenues, reduce innovation risk and prioritize market expansion with accurate and actionable cannabis market intelligence, consumer research and advisory services.” “The company provides a holistic understanding of the cannabis market by generating insights from point-of-sale data, consumer research and market forecasts.” BDSA also states. The…
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Medical Cannabis Packaging Market Projected To Reach $117.2 Billion By 2032
The global cannabis packaging market is projected to reach $117.2 billion in value by 2032 according to a recent analysis by Astute Analytica. The entity describes itself as “a global analytics and advisory company.” “The global medical marijuana packaging market was valued at US$ 6.5 billion in 2023 and is projected to reach US$ 117.2 billion…