The Talking Hedge

Montana cannabis businesses are gearing up for the scheduled Jan. 1 launch of the nation’s newest adult-use program in a market projected to top $300 million in annual sales by 2025. Existing medical marijuana businesses will get an 18-month head start to sell adult-use cannabis products before new entrants can qualify. On the surface, there’s plenty of MMJ businesses: 437 licensed dispensaries, 3...

Topicals Data & Performance Market share trends over the past few years show Topical products have been approaching a stabilization around 0.8% of the total markets in the United States and Canada. When we separate legacy and non-legacy markets in the United States, we notice that the market share of Topicals in the new adult-use markets is less than in legacy US markets. Looking at all states and...

If you work in or follow the cannabis industry you’ve seen the steep decline in wholesale flower prices across many of the longer-established, adult-use markets.  This isn’t uncommon, but most of us didn’t anticipate such a steep decline in 2021 after such a strong 2020 sales year. There were lessons that should have been learned from the past market fluctuations, especially for those in mature ma...

Two broad themes have fueled the expansion of legal access to cannabis globally – growing acceptance of the plant’s therapeutic value, and recognition of the industry’s potential as a catalyst for economic growth. Legal regulated markets captured 6% of total global spending on cannabis in 2020 and North America accounted for 97% of those sales, estimated to be $51 billion by 2025 Cannabis consumer...

Washington state rolled out its own cannabis seed-to-sale traceability system after having relied on the private sector for years, but so far, the government-run platform’s debut this month has been less than smooth. Business owners say the new system is riddled with bugs and glitches, costing companies thousands of dollars in lost time and extra employee hours to comply – all when the industry is...

2021 has been a positive year for #cannabis. US states are falling like dominos as they #legalize more and more #MMJ and adult-use cannabis markets. The Canadian #cannabismarket continues to grow on several fronts, including overall revenues, store openings and successful brand launches. With other sizable countries and economies like Mexico and Germany considering cannabis reform, the world of ca...

Brightfield Group conducted an online  survey to determine which #cannabisbrands resonate with  budtenders and why, as well as identify what factors #budtenders consider before recommending certain brands.   Summary: How are budtenders influencing purchases? How does budtender cannabis use impact their recommendations? How can budtenders be influenced? How do budtenders feel about the industry and...

Cannabis sales peaked in August, falling four consecutive months across all 15 markets Headset currently tracks, with the exception of Ontario who went from $86M in sales in January to $117M in December for a total of $1.095B in sales for 2021.   California led the way with $5.066B, while CO, WA, OR, IL, MA, MI, & ON all broke the BILLION dollar mark for 2021 #cannabissales. However NV, WA, OR, AB...

Our 7 tips to a successful investment pitch deck looks at the Hemp OZ Fund, the first and only Industrial Hemp focused Opportunity Zone Fund in the world, investing in Industrial Real Estate and manufacturing in the Hemp Industry. Hemp OZ Fund is solving the lack of processing infrastructure by providing the expertise and capital to develop #CRE into #Hemp processing factories. The major advantage...

A spate of violent robberies targeting marijuana businesses in the San Francisco Bay Area last month have thrown into question the survival of several small businesses, with the combined losses of those operators estimated to be at least $5 million. The prime takeaway from the most recent rash of thefts and vandalizations, insiders said, is the fragility of the companies targeted and the fact that...

Canna-Global Acquisition Corp. (Nasdaq: CNGLU) is a special purpose acquisition company (#SPAC) that raised $200M in an #IPO to target companies involved in the growing #MMJ or #cannabinoid industry. #CNGLU is looking for M&A's with #MSOs operating across key markets globally, from #cultivation to production and processing, productization, sales and distribution. After a recent acquisition spree,...

The #VapePen category in California sees a high amount of brand loyalty with 45% of customers repurchasing their brand after six months. When we look at wallet share, we see that 38% of the average Vapor Pen customer's wallet goes to their #1 Vapor Pen brand, while only 6% of their wallet goes to their #2 brand, and 5% going to their #3 brand. When looking at brands, companies like STIIIZY and #Pl...

Janet Yellen Says 'Of Course' Cannabis Companies Banking Their Billions Would Help The IRS.   U.S. Senate Majority Leader Chuck Schumer said his federal marijuana legalization bill is intended to provide opportunities to small businesses and minorities, not the “big boys.”   Yet the largest cannabis companies are relatively small. #BUD & #MO each have more than 10X the market cap of the largest U....

Green Mill Supercritical's CEO Wes Reynolds discusses how their system incorporates scientific advancements over some of the early work in supercritical CO₂ #extraction, with designs customized for the needs of the rapidly evolving essential oils industry.   Summary: Growing in Florida #Infused Beverages #CannabisBranding Concentrate #Trends Mobile Processing Future of #concentrates #MJbizCon Reca...

Futura Farms is a #Tech Enabled #Cannabis Company with a mission to promote #health, #wellness and quality of life by democratizing access to medical cannabis, through their Patient-Centric Ecosystem, providing 100% #digital experience.   Summary: Cannabis in #Peru #MMJ #telemedicine #THC #Import & #Export Price & quality ($.15/g) S.A. consumer behavior  #D8, Tourism & #Investor sentiment R&D, Dat...

The cannabis edibles market is expected to surpass $10 billion in sales by 2025. In Canada #Edibles held a 5.0% market share while in the US captured 10.2% market share in the same time period. Colorado has the most #marketshare to Edibles at 13.9%, while Saskatchewan has the least at 4.3%. When we breakdown Edible sales by segments, we find that the majority of sales go to the Gummies segment in...

In 2012, Bob Fireman saw an opportunity to advise operators and licensees on the design, development, operations, and financing of new cannabis #cultivation centers and #dispensaries nationwide. He co-founded MariMed Advisors.   As the market and his experience grew, the business evolved into #MariMed Inc, a premier seed-to-consumer vertically integrated multi state operator.   Summary: 20,000mg b...

Vahan Ajamian is a Capital Markets professional and one of the first analysts to cover the North American #cannabis sector.   High Tide is a leading retail-focused cannabis company with bricks and mortar as well as global #ecommerce assets. The Company is the largest Canadian retailer of recreational cannabis as measured by revenue.   #HITI spent the last decade developing an intimate understandin...

Engineer, Project Manager and Hemp Supply Chain Analyst, Robert Palma is passionate about sustainable development, creating a purpose-driven initiatives to accelerate the world's transition to sustainable living with The Hemp OZ Fund. Hemp OZ Fund is the FIRST and ONLY Industrial Hemp focused Opportunity Zone Fund in the world, investing in Industrial Real Estate and manufacturing in the Hemp Indu...

When we look at pricing trends in new and mature markets, we see some patterns emerge. In markets that are in early stages of development, we usually see total sales and product assortment grow together. We see this reflected in the Michigan cannabis market, where sales have grown to $171M from December 2019 to July 2021 and product assortment has grown by 25 times in the same time period to nearl...

Cannabis discovery marketplace Leafly aims to help more than 125 million people discover cannabis this year. Their ecommerce tools help shoppers make informed purchase decisions and empower cannabis businesses to attract and retain loyal customers through advertising and technology services. Yoko Miyashita was appointed CEO of Leafly in August 2020 after serving as the company’s General Counsel si...

Cannabis could bring Germany $5 billion a year. Legalizing cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs. Imports of medical cannabis flower into Germany hit record highs in Q4 of 2020, closing the year with a 37% year-on-year growth. As cannabis supply into Germany increases, so too does the competition for...

GABY Founder, President and CEO Margot Micallef of vertically integrated cannabis company GABY Inc. has ambitious growth plans for the California market. GABY is a California-focused retailer with its own proprietary brands in the market. GABY has relationships with over 200 retailers in the mainstream sales channel, and over 200 in the licensed channel, bridging the gap between the licensed dispe...

Delivery of food and alcohol boomed during the pandemic, and some think cannabis is next, especially with hopes for federal legalization. California-based cannabis delivery app Eaze, which saw new customer sign ups increase by over 70%, said on average orders were placed every eight seconds. 90% of respondents in a survey said they used online ordering and delivery services to purchase cannabis. A...

MainStem’s founders, a strategist and a cultivator, were inspired by the exciting, albeit challenging, opportunity to join an industry from the ground up and knew it would be the combination of their unique skills that would drive their success. MainStem, the cannabis industry's only marketplace and combined purchasing platform, began as a cannabis-centric marketplace for products in 2014. In dire...