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Cannabis is taking over! According to The Dales Report, the decline in beer sales is indicating a significant shift towards cannabis consumption. If you're a cannabis business owner, this is exciting news! The economic impact of legalizing cannabis is profound, with tax revenues surpassing those of beer and wine. This trend not only reflects changing consumer preferences but also opens up vast opportunities for growth and innovation in the cannabis industry. As the cannabis market continues to expand, now is the time to seize the moment and capitalize on this booming industry. Whether you're already established or looking to enter the market, there's never been a better time to be a part of the cannabis revolution. 👉 I'd love to hear your thoughts on this. Do you see cannabis as the future of recreational products? Share your thoughts in the comments below!

The Transforming Cannabis Market: Navigating Beyond Flower Sales Traditionally, cannabis flower has been the linchpin of dispensary sales. However, the tides are turning. The evolving cannabis industry is witnessing a surge in innovative products and consumption methods. While flower, inclusive of pre-packed, deli-style, and pre-rolls, has historically claimed a large slice of the market, its dominance is beginning to wane. In contrast, concentrates and edibles are carving out an increasing market share, signaling a move towards a broader product spectrum. This article on Trends & Insights on the Changing Cannabis Product Landscape, offers some interesting insights on the current trends and the shift in consumer preferences. Read the full article here at: https://lnkd.in/eGX8SfPA cannabis-market-navigating-beyond-flower-sales/

A recent article released on StratCann is warning Cannabis enthusiasts that "Canada's wholesale cannabis market [is] shifting from buyer's to seller's". This article outlines that Cannabis legalization in Canada has shifted from a surplus to a shortage, benefiting growers with increased leverage in the market. Agmedica Bioscience's Jacquie Trombley reports that 2024 marks a turn toward a seller's market, with prices for cannabis, including lower-grade products, doubling. This shift has led to more favorable payment terms for growers, with cash upfront becoming the norm. Industry-wide, closures of cannabis producers and export demand have reduced supply, further driving up prices. High-quality cannabis is particularly scarce, signaling a shift in supply dynamics across Canada. At Retro Cannabis, we are curious to see if this will continue to be the trend with #Croptober around the corner. While no one has a crystal ball, we wonder if post-harvest, flower from this growing season will level out inventory levels to some degree. What are your thoughts? Let us know! The full article can be found here: https://shorturl.at/DKGHz #RetroCannabis #CraftCannabis #PremiumCraftQuality

If your cannabis company is teetering after being told that legally selling weed was the path to riches, you were misled. The promised "green gold rush" was a fallacy, ignoring the two distinct entities that make up this industry. If the consultants you're listening to aren't addressing this aspect of industry pushback, they're only serving their own interests: a paycheck, an account, or a promotion. The awareness that follows isn't disruptive; it instructs. The necessary discussions about the cannabis industry have become evident. Corporate cannabis is being forced into an industry where it doesn't belong. I am tired of having to sugarcoat this because it's cannabis. The "Go, smoke, everything will be alright" attitude blinds the industry to the fact that corporate cannabis is failing. I don't mean to be the harbinger of bad news, yet I can see the car speeding toward a wall. I am not here to disrupt; I am here to define. The cannabis industry cannot be defined by corporate America's calculations. It comprises two viable and separate personas, akin to fraternal twins with different characteristics. For success, each must be understood and nurtured according to its unique traits. There are two distinct markets in the cannabis industry: corporate cannabis and craft cannabis. Corporate cannabis encompasses any commercial use byproduct, including hemp, regardless of THC levels. In contrast, craft cannabis is directly related to the flower and its byproducts, such as wax, oils, and jellies. Craft cannabis is deeply rooted in cannabis culture. Corporate cannabis, no matter how much money is spent on packaging, marketing, and labeling, cannot match the core consumer response of, "But what's in the bag?" This question is central to the cannabis culture, and corporate cannabis can never meet the needs, desires, and wants of their consumer base as quickly and efficiently as craft cannabis. With craft cannabis, the focus is on genetics and terpene awareness, not just THC percentages. Stop racing the industry to Everclear levels simply to prove it can be done. Why? Because the ignorance of the culture has undermined the financial goals of the corporate industry. If you don't believe me, go ask my guy from Mad Men. They incorporated themselves right out of business. #witb #greenrush #legacyvoices #craftcannabis vs. #corporatecannabis #TheDomainLasVegas

The 2018 Farm Bill has undeniably reshaped the cannabis industry, blurring lines and unlocking opportunities between hemp and cannabis. This episode delves into the nuanced differences and similarities between these two facets of the cannabis world. Chris Fontes shares his insights to dissect the complex web of legislation, the evolving roles of MSOs and Big Pharma, and the boundless opportunities emerging from regulatory challenges. Discover how today's cannabis entrepreneurs are utilizing the interpretation of opportunities to transform obstacles into avenues for innovation and sector growth. "Chris Fontes: Cannabis is Already Legal - Hemp vs Cannabis" Simplecast: https://lnkd.in/g9mbUbdV Spotify: https://lnkd.in/gm7-bumb Apple: https://lnkd.in/g4PFtib3 About Chris Fontes: Chris Fontes, the Founder and CEO of High Spirits Beverages, is a dynamic individual with a rich history of innovation and leadership in the cannabis industry and beyond. His entrepreneurial journey spans several successful ventures, including Trojan Horse Cannabis, Project Hemp Flower, and Hemp Exchange, all of which played pivotal roles in shaping the US hemp industry. Chris's visionary leadership led to the development of the industry's first hemp-derived D9 THC products and the launch of Trojan Horse Cannabis and High Spirits Beverages. Guest Links: https://lnkd.in/gab-jyaC https://lnkd.in/gkphJ-t4 https://lnkd.in/gJkqZ9cx Facebook: HighSpiritsBeverage LinkedIn: High Spirits Bev X (Twitter): @HighSpiritsBevs Follow us: Our Links. The Dime is a top 5% most shared global podcast The Dime is a top 50 Cannabis Podcast Sign up for our playbook here: https://lnkd.in/exmhhFEw 🎥 YouTube: The Dime 📸 Instagram: The Dime

Here's something you'll want to hear: An analysis from TD Cowen shows that the cannabis industry is poised to welcome millions of new fans at the expense of the booze biz. Cannabis sales are expected to soar to $37 billion by 2027, with nearly 20 million new folks turning to the plant, while the alcohol industry might see a dip with two million fewer drinkers. The shift is well underway, with cannabis dominating 11% of the alcohol market share, a hefty jump from 4% just five years ago. And there's more good news. In some states, cannabis sales are already outdoing alcohol. As for what that means for you? With alcohol losing its shine, especially among the younger crowd, your dispensary could be the go-to spot for those searching for an alternative to beer and liquor. Want to grab those new to cannabis — and build their loyalty to your dispensary — without breaking the bank or slashing prices? HighRewards is your ticket. This isn't just another marketing gimmick; it's a groundbreaking loyalty program designed specifically for dispensaries like yours, ready to turn every visit and interaction into a chance for growth. Learn more in the comments!

Some of the biggest cannabis retailers in Florida are struggling to grow, despite adding more dispensaries. In fact, volume, and particularly per store volume, has actually declined as the overall market grows for some of these companies. But not Surterra. Surterra has maintained steady growth despite not adding any dispensaries in over 2 years. Their only dip was in CBD, where they still hold 33.18% of the market with only 6.76% of dispensaries. Here's the main snapshot from my recent blog post on Florida’s Q3 numbers, particularly focused on Surterra Wellness (part of Parallel, along with NETA (New England Treatment Access, LLC) and GoodBlend, soon to be part of the SNDL Inc. ecosystem through Sunstream USA with Skymint Cannabis). In my blog post linked in the comments, I go into further detail on how things are shaping up for these companies.

How is Michigan outpacing California in cannabis sales? According to a recent LA Times article, Michigan's success is attributed to lower taxes, streamlined regulations, and a more robust market structure. While California struggles with high taxes and a complex licensing process, Michigan's approach has created a thriving, accessible market that's drawing more consumers. Curious about how these strategies could impact the cannabis industry nationwide? Dive into the full story for a closer look at the key factors driving Michigan’s cannabis boom.

New York's Green Rush: $6B Cannabis Market on the Horizon New York’s cannabis market could be set for a major boom, with projections showing sales might surpass $6 billion annually by 2027. A recent report by Whitney Economics reveals that even with a limited number of consumers buying from the state’s 205 legal dispensaries, sales are nearing $1 billion. As the market expands, analysts predict New York could sustain up to 1,700 dispensaries within two years, provided that current barriers are managed effectively. However, the report highlights challenges that could impact growth, such as competition from illicit retailers and local restrictions on dispensary locations. Addressing these issues is crucial for maximizing tax revenue, which supports social programs and community initiatives. New York’s leaders aim to strike a balance in dispensary rollouts to prevent market saturation and price drops, which have affected other states with cannabis programs. As New York’s cannabis market heats up, make sure you’re stocked up! Try our premium pre-rolled cones for a convenient and smooth experience—perfect for enjoying New York’s thriving cannabis scene. #Cannabisindustry#Prerolledcones #PreRolledPerfection #NYCannabis #jiwanorthamerica Source: businessofcannabis.com

🌿 Explore the Ever-Growing Michigan Cannabis Industry 🌱 Delve into Michigan's booming cannabis scene with Alex Wilson, CPA. Discover the latest trends, challenges, and opportunities shaping the landscape: Exponential Growth: Michigan's cannabis industry soared to over $3 billion in sales in 2023, reflecting evolving consumer preferences. Navigating Challenges: From oversupply woes to regulatory scrutiny, businesses face hurdles requiring strategic interventions. Seizing Opportunities: With rising demand and cannabis tourism on the rise, there's ample scope for expansion and innovation. Uncover insights and strategies to thrive in this dynamic sector. #MichiganCannabis #IndustryInsights https://hubs.li/Q02x8l-h0