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Cannabis Lounges Bring New Risks to Fast-Moving Industry

Cannabis Lounges Bring New Risks to Fast-Moving Industry

In a growing number of communities around the U.S., new cannabis lounges are offering a social setting where guests can openly use marijuana products. Colorado and New Mexico both saw their first cannabis lounges open in April, Michigan’s first marijuana lounge is set to open this summer, and officials in Nevada are currently discussing how the recently-approved class of businesses…

Report: U.S. Cannabis Sales Could Exceed $30 Billion By 2022

Report: U.S. Cannabis Sales Could Exceed $30 Billion By 2022

Legal cannabis sales in the U.S. could exceed $30 billion by 2022, marijuana analytics company Headset recently projected in an updated long-term forecast. It is an increase in estimated sales from the Seattle-based firm’s previous report, released in April, that showed the U.S. market reaching $28 billion in yearly sales by 2022. The change reflects new recreational or medical marijuana…

$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report

$45 Billion in U.S. Cannabis Sales Expected by 2025, Says Industry Report

The U.S. cannabis industry could exceed $45 billion in annual sales by 2025, according to a recent projection published in the 2021 Marijuana Business Factbook. That could mean double the sales of $22 to $26.4 billion projected for recreational and medical cannabis this year. Marijuana markets are growing rapidly in the U.S. and Canada, with the Factbook reporting 100 percent…

Understanding Cannabis Complexities & Changing Market Dynamics

Understanding Cannabis Complexities & Changing Market Dynamics

Burns & Wilcox experts take a look into the cannabis market as carrier appetite and capacity shift, along with regulatory changes and trends. During this webinar, we discuss: The current state of the market for U.S. and Canada Product developments and concerns Tips for brokers on how to adapt with changes https://vimeo.com/519667011/df17ef8df0

Marijuana Sales Soar, Three States Set Monthly Records

Marijuana Sales Soar, Three States Set Monthly Records

Colorado, Illinois and Ohio set new records for monthly marijuana sales in July and August, underscoring the resilience of the cannabis industry amid the COVID-19 recession. In July, recreational and medical marijuana stores in Colorado generated a combined $226.4 million in revenue, up 13.8 percent from June, and Ohio saw a record $21 million in medical marijuana sales. In August,…

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

Ask the Expert Q&A: Cannabis Industry’s Growth Shapes Risk Considerations

The cannabis industry continues to experience growth in the U.S. and Canada. Medical and recreational marijuana sales are expected to reach nearly $30 billion in the U.S. by 2023, and sales have surged even during the COVID-19 crisis. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production, dispensing and sale of cannabis…

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