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New Frontier Data - CannaBit Your weekly cannabis intel brief
April 8, 2018

Illegal Cannabis Imports Dropping Rapidly

  • Reported interceptions of illicit cannabis by the U.S. Customs and Border Protection nationwide have fallen from 2.53 million pounds in 2011, to 861,231 pounds in 2017: a 66% decrease.
  • The consistent declines inversely reflect increases in domestic cannabis production as more U.S. states legalize cannabis whether for medical programs, adult-use markets, or both.
  • Year-over-year patterns have persisted since 2011, with one exception which then introduced double-digit decreases (20.9% in 2014, 20.0% in 2015, 15.9% in 2016, and 33.5% in 2017).
  • The Southwest Border sectors (along Mexico) yield exponentially more of the interceptions (99.61%) than the Coastal Borders sector (specifically Miami, New Orleans, and Ramey, Puerto Rico, with 0.26%), or the Northern Borders sector (along Canada, with 0.12%).
  • Legally produced cannabis is characterized by higher quality, information about strains and testing results, and mandated quality standards which can each erode demand for illicit cannabis.
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J J McCoy

Something to Declare: Legalized Cannabis Leads to Fewer Border Interceptions

By J. J. McCoy,
Senior Managing Editor, New Frontier Data
Nationally, reported interceptions of cannabis by the U.S. Customs and Border Protection have been falling dramatically throughout recent years, from 2.53 million pounds in 2011, to 861,231 pounds in 2017 -- a 66% decrease...
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Acquisition-Side Due Diligence in The Legal Cannabis Industry: Approach and Expectations for Both Sides

By Greg Chin, Partner
Continuing with the topic of industry trends from our last post, we explore the art of acquisition-side due diligence from full-scope financial and tax to limited-scope tax-only engagements. We’ll look at what to expect and how to approach it. Although commonly geared toward the investor/acquirer, i.e., “the other side of the table”—the potential issuer/seller/target--can benefit from what is presented to the suitor if it is done in good faith...
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Barbary Coast Dispensary is the first dispensary in San Francisco to open up a lounge that allows smoking, vaping and edibles. Because of concerns, mostly over secondhand smoke, other social consumption lounge permits have not been issued to other businesses. Similar efforts are underway in other states, such as Massachusetts...

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Will Pot Be More Popular Than Soda?  It May Happen Pretty Soon

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Jeff Sessions thinks legal weed could cause trouble at the US-Canada border

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Even where it’s legal to sell marijuana, it’s hard to advertise it.

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U.S. Secretary of Agriculture visits Morehead

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Copyright © 2018 Frontier Financial Group, Inc., dba New Frontier Data, All rights reserved.

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