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July 22, 2018
  • In 15 months, the average price per retail gram of flower plunged from $9.79 to $5.77, fueled by increased competition and greater operational efficiency.
  • Meanwhile, the volume of flower sold grew dramatically, as more consumers transitioned to the legal market from illicit purchasing.
  • While average consumer spending per transaction ($35.25) barely moved, the lower pricing saw the average amount of flower purchased increase by 42% (to 4.60 grams from 3.25 grams).
  • As prices fall, consumers are inclined to buy more product rather than spend less money.

New Report Pre-Order
The Cannabis Cultivation Report 2018

The emergence of legalization and new technologies has fueled tremendous innovation and growth in the cannabis cultivation sector. 

In partnership with VividGro, New Frontier Data produces the 2018 Cannabis Cultivation Report whose contents explores:
  • Cannabis production landscape and outlook
  • Advantages and disadvantages of lighting technologies
  • The changing nature of cultivation labor roles
  • Expert testimonials with cultivators and equipment executives
And much, much, more...
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You Asked, We Answered
Q. What factors would you suggest using to quantify the potential market sizes for geographically specific dispensary sites under consideration?

A. New Frontier Data has often worked with clients among various states seeking to analyze a given market opportunity down to a county or city level. To best quantify any potential market’s size, factors for consideration include a wide range of variables -- ranging from specific consumer demographics...  Read our full answer here
Ask Our Experts is a new weekly interactive feature in the CannaBit.
SUBMIT YOUR QUESTION

Beware! Are you in compliance with your cash payments?


By Mary Amato,
CPA, Partner, CohnReznick

It is no secret that the Internal Revenue Service (IRS) is aggressively auditing cannabis businesses. The focus is on more than the limitations placed on the industry by IRC §280E. The IRS aggressively audits non-compliance of Reporting of Cash Payments...
 
Read Here

J J McCoyOregon, Going Through Some Growing Pains

By J. J. McCoy,
Senior Managing Editor, New Frontier Data
Oregon has some issues. It has been 20 years since it became (with Washington in 1998, after California in 1996) one of the first states to legalize medical cannabis, and its voters approved an adult-use market in 2014. Oregon knows about cannabis...
Read Here
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  • Custom research, surveys, analysis of your most complex questions 
  • Time is booked by the hour, perfect for both large and small projects
  • Available with any Equio subscription level 
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New Frontier Data Quoted...
Marijuana company Tilray’s stock climbs nearly 32 percent in first day’s trading

British Columbia-based Tilray’s stock soared Thursday in the company’s first day of trading after it became the first marijuana company to complete an initial public offering in the U.S.

The company, which is majority-owned by Seattle-based Privateer Holdings and trades on Nasdaq under ticker symbol TLRY, closed up nearly 32 percent at $22.39. Tilray offered 9 million shares priced at $17 each, and more than 11.9 million shares changed hands Thursday....

Read the full article here >

States that legalized marijuana have higher rates of mental illness, RTI study says


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Ohio medical marijuana program lagging


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Cannabis perfume 'set to become the scent of the summer'


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Medical marijuana users worry Canada’s pot-impaired driving rules will run them off the road


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