Get the latest cannabis and hemp industry news and insights.
.jpg)
On this Cannacurio episode, Ed and David Friedman of Panther Capital discuss his background in finance and how he entered the cannabis space, all things mergers and acquisitions in the software space, trends that we should be looking out for, and so much more!
July 26, 2023
With Q2 2023 in the books we want to share our quarterly round-up of states that issued dispensary/retailer licenses. We ended 2022 with 2,750 licenses, with Q1 2023 adding 699. Q2 saw the addition of 587 – 16% fewer than the preceding quarter.
July 24, 2023
Florida was one of the earlier states to legalize medical cannabis, doing so in 2016 through a constitutional amendment. The state’s cannabis market is unique in a variety of ways - being dominated by one company, including an unusual type of social equity cannabis license, and for not yet having expanded to adult-use even after seven years of medical legalization. The decision by Florida governor Ron DeSantis to run for US president has only increased national interest in understanding the state of the Florida cannabis market.
The US cannabis unlicensed market is estimated to be about $60 billion in sales – or more than twice the licensed market size of about $30 billion. Starting at the end of 2022, Cannabiz Media’s research team sought to find these unlicensed businesses and add them to the database. As the industry’s database of record, it was a gap that we thought needed filling.
July 17, 2023
.jpg)
It can be difficult to figure out what to post, plus navigating on how to stay in Meta’s good graces as a cannabis company, so we put together this roundup of the top 6 post ideas (with industry all-star examples!) to help boost your engagement, build your brand within the cannabis community, provide a personal voice and add variety to your grid.
July 14, 2023
Cannabiz Media spoke with MCBA President Kaliko Castille to learn how the association uses the Cannabis Market Intelligence Platform to keep a pulse on the industry and identify where to focus their efforts.
July 6, 2023
We recently researched the cost to purchase a cannabis store in Cannacurio #75 and found that prices varied greatly by year and state – as well as the purchaser’s overall strategy. Soon after we shared that analysis, Terrascend purchased two different dispensaries – one for $22 million and one for $6.75 million. This begged the question as to whether these purchases were exceptional by Maryland standards.
July 5, 2023
For this Cannacurio analysis we wanted to explore the prices paid for retailers and dispensaries. To do this we researched the 600+ M&A transactions we have compiled in our Cannabiz Business Intelligence offering and removed any stores that were part of a deal where other license types were also sold. That left 170 stores sold in sixteen states. We included both closed and announced deals but ignored those deals that were cancelled.
June 27, 2023
.png)
On this Cannacurio episode, Ed and Kaliko discuss how he became a full time cannabis activist, all things MCBA and the objectives behind the association, a deep dive on social equity programs from regulators, and so much more!
June 19, 2023
The Cannabis Marketing Summit will be held at the Hilton City Center in Denver, CO from June 21-23, 2023. This year’s event features in-depth workshops and solo sessions covering topics from budgeting to SEO to help marketers personally thrive in their roles while navigating a complex, regulated, and rapidly changing industry.
June 14, 2023
If your cannabis or cannabis-related business isn’t keeping up with industry data trends, then you’ll fall behind. Today, data-driven businesses have the most success because they have access to the information they need to identify opportunities and avoid taking unnecessary risks.
June 13, 2023
Tracking mergers and acquisitions (M&A) in any emerging business ecosystem is always interesting. It allows you to see the madness of early-stage growth markets and the many ups and downs that are experienced before reaching market maturity. The cannabis industry has definitely experienced significant fluctuations in terms of M&A activity, as should be expected in an emerging industry.
The illegal cannabis market continues to thrive – even in states that have legalized adult-use cannabis. As more states work to roll out new cannabis programs this year and others are expected to approve adult-use cannabis, it’s essential to consider what’s happening in the illicit markets within states that have operational adult-use cannabis programs.
May 31, 2023
For businesses in the cannabis industry, the data topic is about more than just using data. It’s about being a data-driven company – one that will actually gain a competitive advantage and win in your market in the future.
May 30, 2023
The CannaVest East Institutional Capital Forum will be held at CWCBExpo on June 1-2, 2023 at the Jacob Javits Convention Center in New York City. CannaVest East is expected to draw hundreds of cannabis industry professionals for two days of education, networking, advocacy, and opportunities.
May 24, 2023
.png)
On this Cannacurio episode, Cannabiz Media’s Chief Data Officer, Ed Keating, does a recap of the new store, cultivation, and manufacturing licensing activity & leaderboards by state between January-March 2023. He also discusses what the heck is going on with Oklahoma.
May 19, 2023
Cannabiz Media spoke with Leaf Trade President Michael Piermont to learn how he and his team use the Cannabiz Media License Database and hear what’s next for Leaf Trade.
May 18, 2023
In any industry, if you don’t know what your competitors are doing, your business will operate at a significant disadvantage. The cannabis industry is no different. You must fully understand the competitive landscape at all times so your business thrives rather than simply survives.
May 16, 2023
Over the last few weeks, we have reviewed the new store, cultivation, and manufacturing licenses issued in Q1 2023. In this post, we will highlight the overall trends and spotlight the changes occurring in Oklahoma as the moratorium finally took effect. We have included April 2023 data for Oklahoma to show the continuing impact.
May 15, 2023
Whether you’re a cannabis license holder, ancillary business, or aspiring cannabis industry entrepreneur, attending networking events, conferences, and business meetings is critical to your success.
May 12, 2023
.png)
