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New Frontier Data - CannaBit Your weekly cannabis intel brief
November 12, 2017

Top selling cultivation supplies

Soil And Nutrients lead sales supplies
  • Among the cultivation supplies purchased in Grow Generation’s Colorado stores, cannabis growers collectively spent nearly equal budget outlays for Medium (e.g., potting soils, materials and bags, etc.) as they did for Nutrients (fertilizers, plant food, root/bloom enhancers) – 44.1% of all sales combined.
  • Growers spent as much combined (22.3%) for Grow Lights (lighting fixtures and hardware, though not including lightbulbs themselves), Pest Control (insecticide, repellents, fungicide), and Organics (akin to Nutrients, but strictly organically sourced) as they did for Medium (22.3%), and just slightly more than Nutrients (21.8%).
  • The surging demand for cultivation supplies reflect the significant increase in cannabis cultivation in Colorado. The number of plants cultivated for both the medical and adult use markets increased from 5.3 million plants in 2014 to 9.9 million plants in 2016.
New Frontier Data, in partnership with Women Grow, has released the Diversity in Cannabis Report


The Report covers:
  • Diversity of Upper Management
  • Cannabis Usage
  • Compensation & Benefits
  • Important Industry Issues: Experiences with Gender & Racial Discrimination
  • Diversity & Inclusion in Business Strategy
  • Diversity & Performance
And much, much, more….
Purchase Here
J J McCoy

LePage’s Broken Campaign Pledge Puts the Brakes on Maine’s Adult Use Market

By: J.J. Mccoy, Senior Managing Editor, New Frontier Data
Read More
Introducing CohnReznick, one of the largest accounting, tax and advisory firms in the United States, which has teamed with New Frontier Data to provide increased transparency, improved efficiency, and more accurate risk management in taxation, compliance and accounting within the cannabis space.

Stay tuned every two weeks for the latest in tax policy and its impact on cannabis. We begin this partnership with 280E.
Death, Taxes, and Cannabis: How to Keep 280E From Killing You
By Michael Harlow, CPA, Partner
To quote Benjamin Franklin, “In this world nothing can be said to be certain, except death and taxes,” and people in the cannabis industry are certainly experiencing heart palpitations when it comes to the federal tax code...

On Legalization’s 5th Anniversary, Here’s What We’ve Learned

Monday, November 6, 2017, marks the five-year anniversary of the glorious day in 2012 when Colorado and Washington voted to become the first two US states to legalize recreational cannabis.

Since then, the data generated by those two states have refuted pretty much every dire fear that the nation’s drug warriors predicted would come to pass. Legalizing and regulating cannabis has made for a safer and more just society, while ushering in the beginning of the end of a costly, massively corrupt, and wholly counterproductive war on a largely beneficial plant.

Perhaps the most definitive conclusion to the great “legalization experiment” was given recently by Dr. Larry Wolk, head of Colorado’s Department of Public Health and Environment. When asked by CBC Radio what he’s seen in the five years adult-use cannabis has been legal, Wolk said:
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Vermont Legislature Poised to Approve Legal Weed in 2018

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Philly, national experts excoriate Christie's cannabis comments as 'misguided' | Opinion

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Laid-Back Hawaii's Strict Approach to Marijuana

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Veterans tell of medical marijuana use in defiance of backward federal policy

Read the full article here >
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