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Breaking News: The Cannabis Market Has Spoken! After years of settling for commercial cannabis that simply didn’t live up to the hype, consumers have had enough—and the vote is in. The demand for quality, real plant medicine has reached a tipping point, and Joia is here to answer the call. Born from the frustration of never finding the level of quality we knew cannabis could offer, Joia was founded with a single mission: to create a cannabis experience that connoisseurs could truly appreciate. With Joia, you’ll never have to waste time hopping from dispensary to dispensary or search for that elusive, high-quality flower again. Our journey has taken us across the country—from the West Coast to the East, sourcing unique genetics that culminated in the creation of Joia’s East Coast Menu. Each jar represents not only the legacy of our growers, but also a standard for consistency and excellence in every batch. The future of cannabis is here, and Joia has set the bar. From small legacy growers to large operators, our pioneering approach to quality is setting a new standard that will inspire the industry for years to come. Welcome to the next level of cannabis. Welcome to Joia.

4 Facts Before Starting In The Cannabis Business

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!

Record High U.S. Cannabis Sales to Surpass Beef, Potato Chips, Movies Dan Kingston 6/16/24 AZ Cannabis News According to a new report, state-legalized U.S. cannabis sales could reach $32 billion in 2024, which would be more than beef sales. It’d also equate to more sales than potato chips and the movie box office combined. It is predicted that cannabis sales will surpass distilled spirits ($37.7 billion) within a couple years. Last month, researchers revealed data showing that for the first time in history, the amount of Americans who use cannabis almost every day has surpassed the number who drink alcohol that frequently. “A good 40% of current cannabis users are using it daily or near daily, a pattern that is more associated with tobacco use than typical alcohol use,” said Jonathan Caulkins, a cannabis policy researcher at Carnegie Mellon University. https://lnkd.in/g2zN-sGX #CannabisNews #MedicalMarijuana #Investments #Health #Economy

Many people want to buy/sell New York cannabis licenses. We’re here to help. Looking to buy a cannabis license in New York? We’ve got licensees looking to sell! Looking to sell your cannabis license in New York? We’ve got buyers looking to buy! Whether you have retail, cultivation, manufacturing, distribution. Deals are getting done! Shoot me a message privately and let me know what you’re looking to do. Please do not use the comment section as an advertisement

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

No industry can grow forever, not even the cannabis industry. Learn about what the cannabis industry can learn from growth industries of the past --- and how we can avoid making the same mistakes --- in this piece by NisonCo staff writer Johanna Bloomquist for the Cannabis Marketing Association. 🔗: https://lnkd.in/endjzWSm #cannabisindustry #growthindustry #cannabismarketing

You quickly learn that mentioning you work in cannabis is a highly effective conversation starter. Recently, at dinner with a local brewery owner and brewmaster, we discussed the potential impact of increased cannabis access on the craft beer market, even though recreational cannabis is not yet legal in TX. He posed a thought-provoking question: Could the next two decades mirror the craft beer revolution, but with cannabis? Data from Canada, where recreational cannabis is legal, suggests this shift might be underway, impacting tax revenue generated from alcohol sales. This raises an important question: with potential market changes, will we see increased taxes on cannabis consumers, retailers, and manufacturers to compensate for potential revenue losses in other industries? How can we safeguard these small businesses? Food for thought this Tuesday morning. #cannabisbusiness #cannabis https://lnkd.in/g9u3EFM9?

If you own a cannabis brand what is your discussion or strategy around the hemp market? As Seth Yakatan recently noted in his post about Select dropping a hemp beverage, I’m curious what other cannabis companies are doing (or not doing) about a very clear cousin that seems to be coming over for dinner, even if uninvited. Most legacy operators were no strangers to bucking the system and the irrational laws that held cannabis back. Loophole or not, hemp is clearly a substanial market for now. The question of whether it is here to stay is even harder to determine as enforcement of any restrictions will be very challenging. My gut says that even if it’s not around long term, cannabis brands should have a hemp plan (and likely already deployed) to hedge. Hemp flourishing has and will continue to have significant impacts on cannabis retail revenue. Brands will be impacted too if they don’t diversify and capture both side of the equation until the law is more clear. Let me know what your thoughts and/or plans may be. I’m sure the legality will come up in the comments so I’ll provide my personal opinions (not legal advice) where I can. #staysmokey

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/