CPA Covers The Income Tax Implications for Hemp Farms after the new 2018 Farm Bill The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. This blog post will mainly focus on what the tax implications of this legalization and […]
California
Fresh Competition Brewing in Cannabis Beverages
Cannabis beverages have been on the receiving end of a fair bit of press during the past year. In August, beverage conglomerate Constellation Brands dropped $4 billion for 38 percent of Canopy Growth, a big Canadian cannabis cultivator. Even Coca-Cola is reportedly getting in on the ganja gulping game, although for now they are considering […]
Munchies of Choice Vary Between States’ Edibles Consumers
We smoke, vape and slather our weed. We affix patches infused with THC to our arms. And more and more of us, too, eat our reefer. So far during 2018, edibles sales in major states garnered 15 percent of market share among all cannabis sales, behind flower and concentrates according to cannabis research firm BDS […]
Live Resin Enthusiasm Rises Nationwide
As we have covered rather extensively for two years, vapes rule in California, with market share for concentrates vaulting from 79 percent in January of this year to 85 percent in July according to cannabis market research firm BDS Analytics. No other state comes especially close, although at 71 percent market share in July, Oregon […]
Confused About Background Checks in California? Read This
California is rife with regulation of how employers may obtain and consider background check information for use in hiring and personnel decisions. The relatively new California ban-the-box law (effective Jan. 1, 2018) and the older Los Angeles and San Francisco ordinances and amendments to the California Labor Code set strict rules on when and how […]
Infused Pre-Rolls Fizzle in CA, Light-Up in CO, OR
Back in the Wild West days, before California enacted adult-use sales as well as a much more comprehensive regulatory structure, it was the land of the infused pre-rolled joint. For all of 2017, for example, pre-rolls — joints that in addition to flower contain concentrates like hash and caviar, among others — harnessed 28 percent […]
Candy Rises, Chocolates Fall, During CA First Six Months
When California launched legal adult-use sales on January 1 of this year, with massive international news coverage and heated anticipation regarding sales, people wondered not only about how much marijuana consumers would buy. Questions about what kinds of products, too, dominated industry and media conversations. With fresh data from cannabis market research firm BDS Analytics […]
Balms, Lubes, Patches: The State(s) of Topicals
As the cannabis market matures across the second decade of the 21st century, some aspects of the industry, such as flower’s lead (albeit steadily diminishing) in market share, are likely to hold steady. But the cannabis market is ever-evolving. By July of 2021, market snapshots will reveal different consumer trends in pot-friendly states. For example, […]
Cresco Labs Announces Massive Expansion to California, Arizona and Nevada Product Line will be Available by End of Year
PRESS RELEASE (Chicago, IL) Midwest-based Cresco Labs announced acquisition and expansion plans today adding three new markets, one medical and two adult-access states, to their already impressive operational presence in Illinois, Pennsylvania and Ohio. Cresco Labs will be launching vertically-integrated businesses in California, Arizona and Nevada with their product suite available in late 2018. With […]
Candy Sweetens Cannabis Edibles Market
Candy rules the edibles market, and it always has. But within the candy category, which includes gummies, mints, hard candy, caramels and more, trends diverge between states according to data from cannabis market research firm BDS Analytics. But one candy, gummies, dominates in Colorado, Oregon and California. In Colorado, gummies grab 77 percent of the […]
Cannabis Beverages Modest Market, But Thirst Growing
The cannabis beverage market is not large, compared to categories like flower and concentrates — less than one percent of all cannabis sales in Colorado, Oregon and California were spent on beverages during April of this year, for example. But interest in beverages, despite the category’s modest size, makes sense for a variety of reasons, […]
What’s Cheap? Depends Upon Where the Sales Takes Place
How much is that bag of Kosher Kush-infused gummies in the window? Among other things, it depends upon the state from which the tropical-fruit gummies are purchased. Colorado? Ouch. The average gummy product — most of which are packages containing 100 mg of THC divided between 10 individual gummies (unless the product is for microdosing, […]
Distillate Rises From Depths to Beat Oil In Vapes
When vapes hit the market, the style of vape cartridge filled with cannabis oil dominated sales. While the vape marketplace included products like distillate and Live Resin cartridges, the straightforward oil was No. 1. Just two years ago, during the first quarter of 2016, oil cartridges captured 84 percent of the entire Colorado vape market […]
Prices Swing — And Some Prices Are Better Than Others
Savvy dispensary owners, manufacturers and consumers anticipated significant price variation in the months following California’s launch into recreational marijuana. Most people expected prices to rise, and they did, for nearly everything sold through a dispensary. The rise of prices across the board happened largely due to regulatory and taxation changes that came with the pivot […]
How High Are Recreational Marijuana Taxes in Your State?
As public opinion increasingly favors the legalization of recreational marijuana, a growing number of states must determine how to tax legal sales of cannabis. To date, nine states (Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, and Washington) and the District of Columbia have legalized recreational marijuana, but only eight of these jurisdictions have legal markets. […]
High-CBD Edibles Juicing Growth in CO, OR
The cannabinoid CBD garners increasingly more national attention with every passing quarter, as products land on mainstream (as opposed to licensed dispensary) store shelves, people buy the products online and the press devotes more coverage to the ins and outs of the hemp- or -cannabis-derived natural compound. While more and more traditional stores carry lines […]
Legal Marijuana States Seek Meeting With Jeff Sessions
California, Oregon and other marijuana-friendly states are seeking a meeting with U.S. Attorney General Jeff Sessions in hopes of resolving the conflict between federal and state laws that has left the nation’s cannabis industry in legal limbo. Marijuana is illegal at the federal level, even as 29 states have legalized pot in some form. State […]
Med to Rec Reveals Fresh California Trends
How do Californians prefer to consumer their favorite plant? Prior to recreational legalization, we fully understood where those with medical licenses spent their money. Would full legalization change things? It did. So far, the shifts in consumer preferences between those with medical cards (all sales prior to 2018) and consumers who can simply prove they […]
