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New Frontier Data - CannaBit Your weekly cannabis intel brief
November 19, 2017

Nevada Sales to Grow Almost $500 Million by 2022

  • Nevada annual legal cannabis dispensary sales to see a compound annual growth rate (CAGR) of 22% throughout the next five years, from $289.8 million in 2017 to an estimated $772.3 million by 2022. 
  • Thanks to the state’s thriving tourism industry, growth in total sales will largely be driven by the newly legalized adult-use market, which is projected for a CAGR of 25%, reaching an estimated $614.7 million by 2022. 

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  • National Market Sizing & Revenue Projections
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J J McCoy

Major Trends Driving Las Vegas Cannabis Week

By John Kagia, EVP of Industry Analytics, New Frontier Data
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Would You Take A Major Pay-Cut To Work In Cannabis? A New Study Says Many Do

To say Eric Eslao took a significant pay-cut when he made the leap from Apple to his own cannabis company in 2016 would be an understatement.

“I took about a 45 percent cut in my compensation,” says Eslao, who spent more than six years as a producer for Apple before launching California’s Défoncé Chocolatier edibles company.

“Obviously being at the No. 1 company in high tech and content came with its benefits ... but, in 2016, I definitely saw the opportunity in cannabis and knew it was something you had to enter early to make an impact.”

While Défoncé Chocolatier has gone on to become a well-known national brand within the cannabis space, Eslao admits there were certainly some anxieties tangled up in that initial jump into such uncharted – not to mention legally iffy – territory.

But Eslao’s experience is far from isolated. A new report from New Frontier Data suggests that nearly half of cannabis industry professionals took a cut in pay to join the burgeoning industry. Around 35 percent indicated that cut was major.

Read The Full Article

Is marijuana the next craft beer? Former Budweiser exec thinks so

Polis, Gardner, Bennet Trying to Reform Cannabis Tax Laws in D.C.

Read the full article here >

The 'Salesforce of Pot' just announced the latest takeover in the legal cannabis industry

Read the full article here >

Israel to become 3rd biggest exporter of medical cannabis

Read the full article here >

This month, New Frontier Data has announced new partnerships with four industry leaders, including CohnReznick, Simplifya, Steep Hill Labs and Hoban Law Group. Read more on how these relationships will help shape cannabis. 

Copyright © 2017 Frontier Financial Group, Inc., dba New Frontier Data, All rights reserved.

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