INVESTMENT

Molson-Coors Latest Big Alcohol Player to Invest in Cannabis

 

REGULATIONS

Hemp Notebook: Marijuana-style red tape coming for hemp industry

 

The Marijuana Enforcement Division released its Market Size and Demand for Marijuana in Colorado 2017 Market Update, which was first published in 2015.

The study was conducted by Marijuana Policy Group. The fifty page document addresses some of the following highlights in the marijuana industry:

  • The study creates a “flower equivalent” for concentrates and edibles to assess price and volume comparisons in a more standardized way, as well as a “price per standard serving” across all product categories.
  • Total contaminated product over time has decreased – from 9.2% in 2015 to 1.9% in 2017, which is being translated to be improved licensee compliance.
  • Price per standard serving has fallen over time. From 2014-17, prices for adult use flower prices fell 62%, and concentrates fell 47.9%. Medical flower fell 40.9% over the same time period, and medical concentrates fell 34.6%.
  • Prices are highest in regions where adult use retail access is lowest.
  • Edibles account for 13% of the total adult use market, but 25% of tourism markets.
  • Medical cultivators are using 58% of their allocated plant limits; retail cultivators are using 34% of their allocated plant limits. The study concludes the market is saturated, with producers adjusting production to pricing and consumer demand.
  • Flower potency has remained fairly steady from 2014-17; concentrate potency has increased steadily over the same period, with a 21.2% increase since 2014.
  • The growth in market share by concentrates over time has come at the expense of flower sales.
  • Further consolidation of businesses may occur as there are still many businesses vying for the same market share.
  • The largest 10 operators account for 23.1% of total market sales in 2017

Click HERE for the full report

 

ALASKA

Title: Alaska Collects $11 Million In Tax Revenue

Author: The News Tribune

Date: 2 August 2018

URL: https://www.thenewstribune.com/news/business/article215963270.html

 

COLORADO

The Market Size and Demand Study for Marijuana in Colorado 2017 Market Update has been released. If you would like to see the study it is published on our website on the Marijuana Related Reports and Studies webpage where you will also find a Study Fact Sheet.

Links to both of these documents will also be available on our Main MED webpage for the next few months. Just look under Timely Topics in the lower right quadrant of the page.

Regards,

The Marijuana Enforcement Division

 

MISSISSIPPI

Conservative-Backed MMJ Campaign Launches in Mississippi

NEW JERSEY

Title:  NJ marijuana legalization: Why NJ cops are the nation’s toughest weed enforcers

Author:  Mike Davis and Ken Serrano, Asbury Park Press

Date: 2 August 2018

URL:  https://www.app.com/story/news/local/new-jersey/marijuana/2018/08/02/nj-marijuana-legalization-possession-arrests-lawyers/844793002/

Extract

Marijuana users in New Jersey — which is on the verge of legalizing weed — are arrested at the highest rate in the nation by local police departments, some of which report that more than a third of their arrests were for pot, a USA TODAY NETWORK New Jersey investigation found.

There were 32,279 marijuana possession arrests in 2016 — more than murder, rape, assault or any type of theft, according to the latest data available from the FBI’s Uniform Criminal Reporting program. The FBI tracks nearly all arrests across the nation.

More than one-third — 36 percent — of the weed possession arrests were of African Americans, although blacks comprise just 13 percent of the state’s population. Learn more about who is arrested for marijuana possession in the video below. There was no breakdown in the data on the arrest of Hispanic suspects.

 

NEVADA

Nevada releases revamped design for mandated cannabis edibles symbol

OKLAHOMA

Oklahoma Reverses Restrictive Medical Cannabis Rules