CANADA CANNABIS SPOT INDEX — March 29, 2019

CANADA CANNABIS SPOT INDEX (CCSI) 

Published March 29, 2019

The CCSI dropped this week by 2.3% to C$6.96 per gram, from last week’s C$7.12 per gram. This week’s price of C$6.96 per gram equates to US$2,356 per pound at current exchange rates.


This week we once again turn to the Cannabis Tracking System report issued by the Government of Canada. With the addition of January data, we see that Canadian sales have been relatively stable since legalization, averaging about 7,070 Kg sold monthly in the non-medical and medical markets. In the five months of data available, non-medical sales have averaged 5,258 Kg across Canada. Non-medical sales are about three times higher than medical sales.

Total finished inventory, which is inventory that is packaged and labelled, sits at 19,520 Kg as of the end of January. This is unsold product stored at the licensed producer’s (LP) facility, or at an  online distribution or retail storefront location, as reflected in the chart below. This inventory equates to 2.7 months worth of sales at current rates [19,520 / 7,069 kg].

Total unfinished inventory, which is inventory that is NOT packaged and labelled for retail sale, sits at 114,628 Kg as of the end of January. This inventory equates to 16.2 months worth of sales at current rates [114,628 / 7,069 kg].

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29 March 2019 Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

U.S. Cannabis Spot Index — March 29, 2019

U.S. Cannabis Spot Index — Published March 29, 2019

U.S. Cannabis Spot Index up 1.2% to $1,087 per pound.

 

The simple average (non-volume weighted) price increased more than $5 to $1,117 per pound, with 68% of transactions (one standard deviation) in the $385 to $1,850 per pound range. The average reported deal size declined to 2.7 pounds. In grams, the Spot price was $2.40 and the simple average price was $2.46.

 

The relative frequency of trades for greenhouse flower decreased week-over-week by 1%. The relative frequency of transactions involving outdoor product increased by the same proportion, while that for indoor flower was flat. Warehouse product’s share of the total reported weight moved nationwide increased by 2% compared to last week. The relative volumes of both greenhouse and outdoor flower each decreased week-over-week by 1%.

The U.S. Spot Index reversed a sustained decline this week, ticking upward by 1.2% to settle at $1,087 per pound. The national composite rate rose on an increase in the volume-weighted price for indoor flower, as well as an expansion in that grow type’s relative volume. The U.S. rate for warehouse product is being pushed up by rising prices in the mid-sized medical markets of Illinois, Maine, Michigan, and New Mexico; of the four major Western markets only Washington saw prices for indoor flower increase this week. Expanding patient counts and demand in the first and final medical markets just listed have been driving prices in those states upward, while shifting regulatory landscapes in Michigan and Maine have resulted in uncertainty for participants in those markets.

The histograms below show price dispersion by grow type for March 2019 versus March 2018. Most notably, nearly 80% of outdoor transactions were priced above $600 per pound last year, whereas nearly 85% are currently priced below $600. Additionally, expansion of greenhouse capacity in higher priced markets such as Nevada (compared to West Coast markets) helped increase the proportion of greenhouse transactions priced above $1,000 per pound from 34% to 43%.   

April 2019 Forward closes unchanged at $1,075 per pound.

 

The average reported forward deal size declined to 46 pounds. The proportion of forward deals for outdoor, greenhouse, and indoor-grown flower was 59%, 28%, and 13% of forward arrangements, respectively. The average forward deal size for monthly delivery for outdoor, greenhouse, and indoor-grown flower was 44 pounds, 48 pounds, and 44 pounds, respectively.

 

At $1,075 per pound, the April Forward represents a discount of 1.1% relative to the current U.S. Spot Price of $1,087 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

Sample Headlines From This Week’s Premium Report:

  • California

    Over 300 Annual and Provisional Cultivation Licenses Issued Between Late February and March 22nd, But 3,450 Listed as “About to Expire” as of Last Week

  • Colorado

    Taxes on Flower Transferred Internally by Vertically-Integrated Adult-Use Operations Will Rise by Over 3% in Q2, the Second Consecutive Quarter to See an Increase

  • Oregon

  • Retail Demand Slides in February for Second Consecutive Month, as Spot Index Fell to a Historic Low for the State’s Market
  •  
  • Washington

  • LCB Canopy Report Shows that Growers are Not Fully Utilizing Allowed Production Capacity, Large Operations Hold Outsized Market Share
  •  
  • Nevada

  • State Spot Index Again Drops Sharply, Establishing New Historic Low for the Market for the Second Straight Week
  •  
  • Michigan

  • Unlicensed Dispensaries That Account for Almost Half of Operational Storefronts in the State to be Compelled to Close at End of March, Reducing Wholesale Demand

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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC

29 March 2019.  Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

CANADA CANNABIS SPOT INDEX — March 22, 2019

CANADA CANNABIS SPOT INDEX (CCSI) 

Published March 22, 2019

The CCSI moved higher by 1.6% this week to C$7.12 per gram, from last week’s C$7.01 per gram. The CCSI has been quite stable over the past three weeks, hovering within a C$0.11 range. This week’s price of C$7.12 per gram equates to US$2,421 per pound at current exchange rates.


This week we focus in on the size of the Canadian cannabis market. The Government of Canada did a national cannabis survey to assess the number of people using cannabis in Q4 2018. The survey estimates cannabis use of all citizens over the age of 15 by age, location, and gender. The potential size of this market is roughly 29.3M citizens.

Based on the survey, approximately 4.63M people or 15.8% of Canadians aged 15+ reported cannabis use. Males were more likely to use cannabis with 20.1% reporting use, as compared to only 11.4% of females.

Looking at cannabis use by age, the 18 to 24 year old population was most likely to use with 28.1% having used cannabis in the last quarter of the year. The 25 to 44 age group was the second most likely age group to use with 23.1%.

Lastly, the same data was broken out by province. The four largest provinces – Ontario, Quebec, British Columbia, and Alberta – showed total usage around 13.6% of the population. The four maritime provinces – Nova Scotia, New Brunswick, Newfoundland, and Prince Edward Island – showed higher usage with 15.7% of the population in those provinces reporting cannabis use.

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22 March 2019 Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

U.S. Cannabis Spot Index — March 22, 2019

U.S. Cannabis Spot Index — Published March 22, 2019

U.S. Cannabis Spot Index down 1.7% to $1,074 per pound.

 

The simple average (non-volume weighted) price decreased $43 to $1,112 per pound, with 68% of transactions (one standard deviation) in the $392 to $1,831 per pound range. The average reported deal size was nominally unchanged at 2.8 pounds. In grams, the Spot price was $2.37 and the simple average price was $2.45.

 

The relative frequency of trades for indoor flower decreased week-over-week by 3%. The relative frequency of transactions involving greenhouse and outdoor product increased by 1% and 2%, respectively. Outdoor flower’s share of the total reported weight moved nationwide increased by 2% compared to last week. The relative volume of warehouse-grown product decreased by the same magnitude, while that for greenhouse flower was stable week-over-week at just under a quarter of all documented weight moved nationally.  

The U.S. Spot Index ticked downward for the fifth consecutive week, by 1.7%, to settle at $1,074 per pound. This week is the third consecutive one in which the national composite price has fallen to establish a new year-to-date low. As we have pointed out previously, the behavior of the U.S. Spot in recent weeks has diverged from the upward momentum observed at this point in the year in both 2017 and 2018. Plentiful available inventory in the major adult-use markets is likely suppressing wholesale rates even as 4/20 approaches. Additionally, the ramp-up in production that has been occurring in Nevada since prior to adult-use sales opening in mid-2017 appears to have resulted in supply outpacing demand in the Silver State, which is currently seeing the most pronounced downward trend in wholesale prices of any sizeable legal cannabis market in the country.  

The national volume-weighted price for flower to be sold in adult-use markets declined this week on significant downturns in Oregon and Nevada, as well as a decline in Washington, which overwhelmed increases in California and Colorado. Falling prices for medical product in Arizona, Massachusetts, Michigan, and New Mexico, among other markets, pulled down the national rate for flower to be sold to patients.   

April 2019 Forward unchanged at $1,075 per pound.

 

The average reported forward deal size was unchanged at 46 pounds. The proportion of forward deals for outdoor, greenhouse, and indoor-grown flower was 58%, 29%, and 13% of forward arrangements, respectively. The average forward deal size for monthly delivery for outdoor, greenhouse, and indoor-grown flower was 45 pounds, 48 pounds, and 44 pounds, respectively.

 

At $1,075 per pound, the April Forward is nominally equivalent to the current U.S. Spot Price of $1,074 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

Sample Headlines From This Week’s Premium Report:

  • California

    Volume-Weighted Price for Indoor Flower Down by 5% Since Beginning of March, After Rising Through First Two Months of 2019

  • Colorado

    State Spot Index, Prices for Indoor and Greenhouse Flower, Up Compared to a Year Ago as Wholesale Rates Continue to Trend Upward in Current Quarter

  • Oregon

  • Spot Index Slips to Historic Low for the State, Settling Under $550 Per Pound
  • Relative Volume of Outdoor Flower Sees Significant Expansion This Week as Official Data Shows 1.15 Million Pounds of Unsold Plant Material in Licensed System
  •  
  • Washington

  • State Economists Report Lower-Than-Expected Tax Collections from State’s Cannabis Industry in February, But Expect Revenues to Rise and Stabilize Later this Year
  •  
  • Nevada

  • State Spot Index Settles Under $1,600 Per Pound for the First Time
  •  
  • Arizona

  • Total Sales Volume Decreases in February for Second Consecutive Month, Even as Sales of Extracts Jump Sharply

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22 March 2019.  Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

CANADA CANNABIS SPOT INDEX — March 15, 2019

CANADA CANNABIS SPOT INDEX (CCSI) 

Published March 15, 2019

The CCSI declined by 1.4% this week to C$7.01 per gram, from last week’s C$7.10 per gram. The average price over the past eight weeks is assessed to be C$6.60 per gram, which includes the excise duties. This week’s price of C$7.10 per gram equates to US$2,378 per pound at current exchange rates.

 

This week we provide an update on recent sales trends. On March 12th, the Government of Canada’s Cannabis Tracking System published an updated supply and demand report. The newly published data made some revisions to sales figures from Q4 2018 and added January 2019 data. Today we look specifically at recreational market sales, defined formally as “CRA-stamped cannabis products sold directly in the Canadian retail market (either online or in-person) for non-medical purposes.”

A closer look into sales from individual provinces provides more perspective on the current purchasing habits of consumers according to their jurisdiction. British Columbia’s (BC’s) December revenues were remarkably low, with total retail sales tallying only C$1.24M. This despite BC being the third largest province by population, although it is possible that it is also home to Canada’s most established illicit market.

 

Ontario’s December sales are similarly disproportionate to its population size. Ontario is home to 38% of the total Canadian population, but sales from November to December dropped by a staggering 14% to C$8.72M, 16% of the nationwide total.

 

The two noteworthy positive highlights were December sales growth in Alberta and Saskatchewan, which saw increases in retail revenues of 12% and 5%, respectively.As seen in the charts above, there was a substantial revision made to the reported sales figures for the Q4 2018 non-medical dry cannabis and oils categories (see yellow line). The Government does state that the reported data is preliminary and that “verification and validation of this data is ongoing.” A close analysis of the most current figures is especially warranted in this case as the overall changes are quite significant.

Total sales of non-medical dry cannabis in Q4 2018 were revised higher by 634 kg, or 4.2%, and total sales of non-medical cannabis oil for the same time period were revised higher by 1,128 litres, or 20.8%. Going forward we need to remember that large revisions are always on the table, especially as the Government builds error correction into their models and cannabis market participants become more accustomed to, and efficient at, reporting inventory and sales data.

 

The addition of the January data provided some further insight into sales trends. Non-medical dry cannabis sales for January dropped by 4.5% from December sales to 5,336 kg across Canada. January non-medical oil sales told another story. Total oil sales sharply increased by 10.7% to 2,873 litres. All this stated, we take this latest month of data with a grain of salt as potential revisions could be made in the future.

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15 March 2019 Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

U.S. Cannabis Spot Index — March 15, 2019

U.S. Cannabis Spot Index — Published March 15, 2019

U.S. Cannabis Spot Index down 0.7% to $1,092 per pound.

 

The simple average (non-volume weighted) price decreased $30 to $1,155 per pound, with 68% of transactions (one standard deviation) in the $415 to $1,894 per pound range. The average reported deal size declined to 2.8 pounds from 3.1 pounds last week. In grams, the Spot price was $2.41, and the simple average price was $2.55.

 

The relative frequency of trades for indoor flower increased week-over-week by 1%. The relative frequency of transactions involving greenhouse product decreased by the same proportion, while that for deals for outdoor flower was unchanged. Outdoor product’s share of the total reported weight moved nationwide contracted by 1% compared to last week. The relative volume of greenhouse flower increased by the same magnitude, while that for indoor product was stable week-over-week.

The U.S. Spot Index ticked downward for the fourth consecutive week, by 0.7%, to settle at $1,092 per pound. At this point, it appears unlikely that a late-March rally in the national composite price will occur, as it has in each of the previous two years. 2017’s annual high price was observed in the final week of March, while the same week last year saw the second-highest weekly Spot rate documented in 2018. Still, it should be noted that sustained upward momentum in wholesale prices has been observed in several mid-sized and small markets so far this year – notably Michigan, Massachusetts, and Illinois. However, low and declining prices in the West Coast markets have overwhelmed those gains. Colorado’s Spot Index also saw its second decline in three weeks, tempering the consistent ascent of prices that was observed earlier this year.

The national volume-weighted price for flower to be sold in adult-use markets this week ticked upward slightly. While Oregon was the only such market to see an increase in its Spot Index, an increase in reported trading volume from that state lent the price rise more influence, causing it to outweigh marginal decreases in the other major recreational markets.         

April 2019 Forward unchanged at $1,075 per pound.

 

The average reported forward deal size declined nominally to 46 pounds. The proportion of forward deals for outdoor, greenhouse, and indoor-grown flower was unchanged at 56%, 28%, and 16% of forward arrangements, respectively. The average forward deal size for monthly delivery for outdoor, greenhouse, and indoor-grown flower was 50 pounds, 41 pounds, and 41 pounds, respectively.

 

At $1,075 per pound, the April Forward represents a discount of 1.6% relative to the current U.S. Spot Price of $1,092 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

Sample Headlines From This Week’s Premium Report:

  • California

    Los Angeles Releases New Info on Next Phase of Local Licensing, But Timeline for More Retailers to Open Remains Uncertain

  • Colorado

    Total Retail Sales in January 2019 Down Month-Over-Month, But Up Almost 6% From January 2018

  • Oregon

  • State Spot Index Sees Second Consecutive Increase, Slowing Downward Momentum of Wholesale Prices Observed So Far in 2019
  •  
  • Washington

  • Composite Price Off by Almost 3% from Recent Peak Observed a Month Ago, After 12.5% Rise to Open 2019
  •  
  • Michigan

  • Recent Report Shows Steady Sales at Licensed Dispensaries from December through February As State Spot Index Rose During That Span

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15 March 2019.  Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

CANADA CANNABIS SPOT INDEX — March 8, 2019

CANADA CANNABIS SPOT INDEX (CCSI) 

Published March 8, 2019

The CCSI once again moved higher this week with a 3.4% gain to C$7.10 per gram, from last week’s C$6.87 per gram. The index is steadily moving higher from a low of C$6.04 hit during the week ending February 15. This week’s price of C$7.10 per gram equates to US$2,412 per pound at current exchange rates.

This week we provide an update on the monthly retail sales by province and territory data released by Statistics Canada. This published dataset now gives us a full glimpse into a complete quarter of post-legalization sales from both the provincial online stores and brick & mortar shops. The initial revenue figures for Q4 2018 are relatively low. December sales across Canada totaled C$55.2M, up 2% over the previous month.

Source: Cannabis Benchmarks, Statistics Canada [Table  20-10-0008-01]

A closer look into sales from individual provinces provides more perspective on the current purchasing habits of consumers according to their jurisdiction. British Columbia’s (BC’s) December revenues were remarkably low, with total retail sales tallying only C$1.24M. This despite BC being the third largest province by population, although it is possible that it is also home to Canada’s most established illicit market.

 

Ontario’s December sales are similarly disproportionate to its population size. Ontario is home to 38% of the total Canadian population, but sales from November to December dropped by a staggering 14% to C$8.72M, 16% of the nationwide total.

 

The two noteworthy positive highlights were December sales growth in Alberta and Saskatchewan, which saw increases in retail revenues of 12% and 5%, respectively.

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8 March 2019 Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

U.S. Cannabis Spot Index — March 8, 2019

U.S. Cannabis Spot Index — Published March 8, 2019

U.S. Cannabis Spot Index down 1.1% to $1,100 per pound.

 

The simple average (non-volume weighted) price increased $16 to $1,185 per pound, with 68% of transactions (one standard deviation) in the $409 to $1,962 per pound range. The average reported deal size increased to 3.1 pounds. In grams, the Spot price was $2.42, and the simple average price was $2.61.

 

The relative frequency of trades for indoor flower decreased week-over-week by 2%. The relative frequency of transactions involving greenhouse product decreased by the same proportion, while that for deals for outdoor flower was unchanged. Warehouse flower’s share of the total reported weight moved nationwide contracted by 1% compared to last week. The relative volume of greenhouse product increased by the same magnitude, while that for outdoor flower was stable week-over-week.   

The U.S. Spot Index ticked downward for the third consecutive week, by 1%, to settle at $1,100 per pound. Last year at this time, the national composite price had been on the rise for four straight weeks, behavior that would continue for another three consecutive weeks afterward.

 

Falling prices in California, Oregon, and Nevada have been primarily responsible for the downturn in the U.S. Spot Index so far this year, outweighing gradual gains in the more mature licensed adult-use markets of Colorado and Washington State. With upward momentum in the latter appearing to level off in recent weeks, further downward pressure on the national average could come from the Evergreen State in the near future.

The national volume-weighted price for flower to be sold in adult-use markets this week continued the downward slide that commenced in  late February on decreases in California, Washington State, Nevada, and Alaska. Upticks in the medical markets of Arizona, Michigan, Illinois, and Maine – as well as a few other smaller markets – drove up the national price for product designated for registered patients recorded this week.         

April 2019 Forward unchanged at $1,075 per pound.

 

The average reported forward deal size was nominally unchanged at 47 pounds. The proportion of forward deals for outdoor, greenhouse, and indoor-grown flower was 56%, 28%, and 16% of forward arrangements, respectively. The average forward deal size for monthly delivery for outdoor, greenhouse, and indoor-grown flower was 51 pounds, 41 pounds, and 41 pounds, respectively.

 

At $1,075 per pound, the April Forward represents a discount of 2.2% relative to the current U.S. Spot Price of $1,100 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

Sample Headlines From This Week’s Premium Report:

  • California

    State Spot Index Drops Below $1,100 Per Pound For the First Time Since Last Year’s Harvest Season

  • Colorado

    Composite Price Continued Upward Movement This Week, Despite Sales Trends Suggesting Plateau in Demand

  • Oregon

  • 70% of Reported Volume of Indoor Flower Traded Last Week Sold for Under $1,000 Per Pound, 28% Sold for Less Than $500 Per Pound
  •  
  • Washington

  • Bottom of State’s Wholesale Market for All Grow Types Has Shifted Downward Significantly in Past 12 Months
  •  
  • Nevada

  • Official Sales Data Shows Combined Adult-Use and Medical Cannabis Sales Topped $580 Million in 2018
  •  
  • New Mexico

  • New Interim Rule Allows Producers to Increase Plant Count by Over 5X, But How Quickly Additional Supply Can be Brought to Market is Uncertain
  •  
  • Illinois

  • Retail and Wholesale Revenues Both Reached Record Highs for State’s Medical Market in February as Spot Index Continues to Rise on Strong Demand
  •  

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8 March 2019.  Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

CANADA CANNABIS SPOT INDEX — March 1, 2019

CANADA CANNABIS SPOT INDEX (CCSI) 

Published March 1, 2019

The CCSI once again moved higher this week by 5.6% to C$6.87/gram. This comes after edging down to the C$6/gram mark only two weeks ago. C$6.87/gram equates to US$2,363/pound at current exchange rates.

 

This week we continue to analyze the dry cannabis sales data from Health Canada’s Cannabis Tracking System. The Q4 2018 data, displayed in the table below, shows steady sales to registered medical patients, but sales to recreational consumers quickly declined after an initial rush immediately subsequent to legalization.

Dry cannabis sales for medical use across Canada remained quite steady over Q4 with an average of 220 kg being sold each day. Recreational sales showed different behaviour. The first 15 days of legalization in October saw an average of 389 kg sold daily, which then dropped to an average of 240 kg in daily sales over the next two months.

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1 March 2019 Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved

U.S. Cannabis Spot Index — March 1, 2019

U.S. Cannabis Spot Index — Published March 1, 2019

U.S. Cannabis Spot Index down 3.5% at $1,112 per pound.

 

The simple average (non-volume weighted) price declined $53 to $1,170 per pound, with 68% of transactions (one standard deviation) in the $395 to $1,944 per pound range. The average reported deal size declined to 3.0 pounds. In grams, the Spot price was $2.45, and the simple average price was $2.58.


The relative frequency of trades for indoor flower decreased week-over-week by 4%. The relative frequency of transactions involving greenhouse and outdoor product increased by 3% and 1%, respectively. Warehouse flower’s share of the total reported weight moved nationwide contracted by almost 4% compared to last week, while the relative volumes of greenhouse and outdoor product grew by about 1% and 2%, respectively.

The U.S. Spot Index declined by 3.5% this week to settle at $1,112 per pound, a year-to-date low at this early point in 2019. Prior upward price movement in California, Colorado, and Washington State has been tempered and reversed in recent weeks. Decreases in the Spot Indices of those aforementioned markets this week joined the downward price pressure applied by generally falling rates in Oregon and Nevada thus far in 2019 to cause the U.S. Spot’s largest decrease documented to this point in the year. However, March is a month typically marked by strong sales in adult-use markets. Last year, the U.S. Spot’s monthly average price increased by 5.2% from February to March 2018, from $1,279 to $1,345 per pound. Notably, though, the monthly composite rates of all four major Western markets, in addition to those of Nevada, Arizona, and Michigan, all experienced declines in the same span.    

The national volume-weighted price for flower to be sold in adult-use markets slipped this week on decreases in all four major Western markets, as well as Nevada’s. Declines in the medical markets of California, Michigan, and New Mexico were primarily responsible for pulling down the national price for product designated for registered patients recorded this week.        

September 2019 Forward initially assessed at $1,015 per pound.

 

The average reported forward deal size was nominally unchanged at 48 pounds. The proportion of forward deals for outdoor, greenhouse, and indoor-grown flower was 56%, 28%, and 16% of forward arrangements, respectively. The average forward deal size for monthly delivery for outdoor, greenhouse, and indoor-grown flower was 52 pounds, 42 pounds, and 43 pounds, respectively.

 

At $1,075 per pound, the April Forward represents a discount of 3.4% relative to the current U.S. Spot Price of $1,112 per pound. The premium or discount for each Forward price, relative to the U.S. Spot Index, is illustrated in the table below.

Sample Headlines From This Week’s Premium Report:

  • California

    Monthly Composite Price for February Down Almost 3% Compared to January’s, as March Begins with 3% Downturn in Weekly Spot Index

  • Colorado

    Transfer of Ownership and Corporate Structure Changes in Denver Cannabis Businesses Declined in 2018 Compared to 2017, Suggesting Decrease in New Investment, M&A Activity

  • Oregon

  • Spot Index Continues to Fall, Reaches New Historic Low for the State for Second Consecutive Week, February’s Monthly Composite Price Down Almost 7% from Month Prior
  •  
  • Washington

  • February’s Monthly Spot Price Up Almost 8% from January, But Weekly Composite Rate Declined for Second Consecutive Week to Open March
  •  
  • Massachusetts

  • Retail Sales in Adult-Use Sector Growing Steadily: January Saw Almost 30% Month-Over-Month Rise, February on Pace for Nearly 20% Increase
  •  
  • New Mexico

  • 450 Plant Cap on Licensed Producers Expires Today, Setting Stage for Increase in Cultivation Capacity in State’s Medical System

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Cannabis Benchmarks®, a division of New Leaf Data Services, LLC

1 March 2019.  Copyright © 2019 New Leaf Data Services, LLC.  All rights reserved