Search Results for: MJ Research

MJ Research: The 2015 Front Runner/MJBA Washington Marijuana Retailer Report

As of early October 2015, there were 182 retail stores recording revenue in Washington. We project that by July 2016 that number will grow to between 288-294 retailers, ensuring that the high growth rate that we have seen will continue into 2016.

By Brian Yauger and Joe Armes Front Runner WASHINGTON: The story of recreational marijuana’s first fourteen months in Washington state is a story of supply and demand imbalances, with recreational price points impacted by competition from medical and black markets unfettered by high taxation and strict regulation. By all accounts the first year of I-502 Read the full article…

New MJ Research Report: Washington Canna-businesses Plan To Grow Organizations By 200% In 2015

Jobs Report Infographic

Last month the Marijuana Business Association (MJBA) hosted the first ever cannabis job fair in Spokane, WA.  As part of our MJ Research’s effort to provide business intelligence to participants in the legal cannabis industry, we surveyed more than 110 hiring managers, employees and job candidates online and at the event. From analysis of this Read the full article…

MJ Research Report: Washington State Rakes In Over $10M In Single Month From Pot Tax

Washington’s hefty 25% excise tax, which is applied to each stage of the supply chain (producers, processors and retailers), has alone resulted in accrued tax obligations of nearly $10.4M due to the state from May.

By Joe Armes WASHINGTON: The legal cannabis industry has been rapidly growing in Washington State since the implementation of recreational sales under I502, and along with them so too have the tax revenues due to the state. Washington’s hefty 25% excise tax, which is applied to each stage of the supply chain (, processors and retailers), has alone resulted Read the full article…

MJ Research Report: Washington’s Average Daily Pot Sales Jump To $1.21M For April

Washington set a new record single day sales with $1.84M in Sales on May 1st.

By Joe Armes WASHINGTON: Legal marijuana sales in Washington State broke the $1M per day mark in April, averaging daily sales of $1.21M.  The expanding commercial market reached this milestone on track with Analytically Correct’s predictions. Here are a few additional key insights from the forecast: Washington set a new record single day sales with $1.84M in Read the full article…

MJ Research Report: Washington State 2015 Legal Pot Sales On Course for $450M

Overall, the market has performed well on a strong, predictable growth trend.  Analytically Correct’s forecast for 2015 was for $350M to $495M in combined producer processor retailer sales and through the first quarter the state in on course for $450M.

By Joe Armes WASHINGTON: After another quarter of legal recreational cannabis sales on the books for Washington State cannabis businesses are still faced with many unknown factors that will impact their businesses in the upcoming months. Legislative changes, surplus inventories and continuation of local bans and moratoriums are a few of the major factors that Read the full article…

MJ Research Report: Washington Recreational Marijuana Sales Grow By More Than 20% In February

Retail sales grew at 22.2% from $12.7M in January to $15.52M February while Producer/Processor sales grew by 16.6% from $5.77M to $6.73M.  Both are great news for producer/processors sitting on surplus inventories left over from last fall’s big harvest and are indicators surplus inventories will continue to burn down over the coming months.

By Joe Armes WASHINGTON: Combined Producer, Processor and Retailer monthly sales in Washington State grew at its fastest rate since November, growing by 20.5% from $18.5M in January to $22.7M in February, a month with 3 fewer days. Retail sales grew at 22.2% from $12.7M in January to $15.52M February while Producer/Processor sales grew by 16.6% Read the full article…

MJ Research Report: Washington State Legal Pot Sales Reach $100M

According to the forecast there is a 95% likelihood that it will take only another 12 to 18 weeks for the industry to quickly rake in another $100M in sales, reaching $200M between the weeks of May 17th and June 28th.

By Joe Armes WASHINGTON: The recreation cannabis industry has surpassed $100M in sales in the first 33 weeks of legal sales in Washington State. Two months into the year the market is on track to hit Analytically Correct’s 2015 forecast published in the MJ Research Report’s Market Outlook. According to the forecast there is a Read the full article…

MJ Research Report: New Retail Stores Continue To Fuel Marijuana Sales Growth

Washington State’s recreational cannabis industry has already inked sales of nearly half of what it recorded in 2014. So far this year combined producer processor sales have totaled nearly $30M compared to just over $65M for 2014. Opening of new retail stores continues to fuel healthy sales growth even with a lingering surplus of cannabis deflating prices.

By Joe Armes WASHINGTON: With less than 7 weeks of recorded sales in 2015, Washington State’s recreational cannabis industry has already inked sales of nearly half of what it recorded in 2014. So far this year combined producer processor sales have totaled nearly $30M compared to just over $65M for 2014. Opening of new retail stores Read the full article…

MJ Research Report: After Slow Start For 2015 Washington Legal Pot Sales Rebound With Record Week

Washington State now has 110 issued retail licenses.  In a couple weeks we will have the details on how many of these stores have opened for business.

By Joe Armes WASHINGTON:  After a record sales day with over $1.2M in sales on New Year’s Eve the beginning of 2015 seemed to have been off to a sluggish start for recreational cannabis sales in Washington State.  That was until last week when sales growth perked up with a new record sales week with Read the full article…

MJ Research Report: Washington State Ends 2014 With $65.3M In Legal Pot Sales, 86 Stores in Operation

2014 Legal Pot Sales in WA

By Joe Armes WASHINGTON: The final numbers are in from the Washington Liquor Control Board (LCB) for 2014 and we have the key insights from the year for your cannabis business.  Washington State ended 2014 with $65.3M in combined producer, processor and retailer sales.  In comparison, Analytically Correct forecasts sales for 2015 between $350M and $495M. Read the full article…