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New Frontier Data - CannaBit Your weekly cannabis intel brief
May 20, 2018

Updated California Cannabis Market Projections

  • In January, California’s draft budget anticipated $175 million in total cannabis cultivation and retail taxes by June 30.
  • For Q1-2018 the state collected cannabis taxes totaling $33.6 million (19.2% of the six-month forecast).
  • New Frontier Data’s revised projections foresee $1.12 billion in medical cannabis and $805 million in adult use, for total cannabis sales of $1.92 billion in 2018.
  • By 2025 we project $4.72 billion in sales, made up of $760 million in medical and adult-use sales of $3.96 billion.
  • To revise our numbers, our analysts first revisited our patient count. We initially assumed just under a million patients were visiting medical dispensaries, but significantly reduced that count to 400,000 after speaking with operators in the field.
  • Our analysts also stretched out our timeline for how quickly illicit users are converting to the legal market.
  • In this week’s blog, New Frontier Data’s Associate Director of Industry Analytics Kacey Morrissey goes more in depth into how our latest modeling methodology reflects California’s revisions.

EQUIO 4.0 Is Now Live

A major update

We are incredibly excited to announce that, after much hard work and dedication our new and optimized Equio 4.0 is now live!

We have updated our cutting-edge industry dashboard with over 14 NEW FEATURES, widgets, and data streams, to keep YOU ahead of the cannabis industry.  Equio is easier to use, the data is faster to digest, and the whole dashboard was rebuilt from top to bottom. Monthly billing now also available. 

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J J McCoyAdjusting Assumptions About California’s Too-Sunny Revenue Forecast

By J. J. McCoy,
Senior Managing Editor, New Frontier Data
Turns out, while Californians love their cannabis, that ardor is not quite enough to offset how much they dislike paying taxes for it. The shortfall has proven significant enough for New Frontier Data to revise our methodology for forecasting the growth from California’s 2018 rollout of its adult-use cannabis program...
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The Fight for Weed

By Bob Moss,
Principal, National Director of Governmental Affairs for Cohn Reznick
For those of you that remember the 1971 top pop song, “I Feel the Earth Move” by Carole King, it was also in 1971 that President Nixon announced the War on Drugs, which classified marijuana as a Schedule 1 drug. Forty seven years later it seems the times are changing. In the White House, marijuana has been acknowledged from “I did not inhale” (1992 President Bill Clinton) to 2006 with President Obama –“I inhaled. Frequently…That was the point...”
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New Frontier Data To Power Benzinga’s Cannabis Investment Channel

New Frontier Data, the authority in data, analytics and business intelligence on the cannabis industry, announced today a partnership with Benzinga, a dynamic and innovative financial media outlet that empowers investors with high-quality and unique content coveted by Wall Street’s top traders. New Frontier Data becomes Benzinga’s exclusive channel partner for the cannabis industry, providing all cannabis market data on

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California Co-Working Licenses Could Help Further Equity in Cannabis

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More Young People Are Using Marijuana Before Cigarettes or Alcohol

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Most Georgians Now Say Recreational Marijuana Should Be Legal, According to Poll

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Powerful congressional panel puts medical marijuana protections in federal budget

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

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