Sales of Medical Cannabis Products Are Expected To Grow

The legal cannabis market is big, and getting bigger

NEW YORK: According to a report by Grand View Research, the global medical cannabis market is projected to reach a value of USD 55.8 billion by 2025. After the elections in 2016, Washington D.C., along with 28 states have legalized cannabis for medical use. The growing number of states and countries receiving approval for use in therapeutic applications Read the full article…

Legal Cannabis Sales Proving to Stay Popular

Marijuana is big business

NEW YORK:  Sales of legal cannabis products are projected to top $20.2 billion by 2021 in North American alone at a compound annual growth rate of 25%, according to a report by Arcview Market Research.  “The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the Read the full article…

Can Marijuana Legalization Help Grow The US Economy?

Can weed fix the US Economy?

By John Levy While many marijuana dispensaries claim to not be raking in much profit, the same cannot be said for their state.  With medical marijuana becoming a growing business, the biggest advantage has been the kick back.  How does marijuana legalization help to grow the US economy?  It has little to do with the Read the full article…

Oregon: Legal Marijuana Economy Generating Millions, Report Says

Marijuana is big business

OREGON: The state’s licensed cannabis industry has created over 12,500 new jobs and is generating over $300 million in annual wages, according to a preliminary economic report provided to the legislature’s House Committee on Economic Development and Trade. The report, authored by Whitney Economics, identified over 900 cannabis-related businesses (as of February 21, 2007), with another 1,225 businesses awaiting licensure. Read the full article…

The Legal Cannabis Market Is Expected to Grow

Marijuana is big business

NEW YORK: According to a research report by New Frontier Data, in 2017 medical cannabis sales are forecasted to grow to $5.3 billion, accounting for 67% of total cannabis sales. By 2025, medical sales in current legal states are forecasted to grow to $13.2 billion, at which point medical sales will account for 55%. Comparatively, adult-use sales Read the full article…

Oregon Economist Beau Whitney Releases Cannabis Jobs Report

One of the most troubling aspects of current marijuana policy in this country, even in those states that have legalized marijuana, is the continuing job discrimination faced by those who smoke marijuana.

12,500 Cannabis Jobs in Oregon Generating $315 Million in Wages OREGON: Cannabis industry economist Beau Whitney of Whitney Economics today released the results of “Cannabis Employment Estimates,” a report compiled at the request of the Oregon State House of Representatives Committee on Economic Development and Trade on the number of jobs associated with the Oregon Read the full article…

Herbonomics: Looking at Portland, OR Cannabis Licensing Trends

he data speaks volumes. How is it that only 16 non retail marijuana licenses have been issued in four months. This is creating extreme economic hardship for many businesses.

By Beau Whitney OREGON: In advance of my talk this week at the CCC Show in Portland, I want to share an analysis I put together on the City of Portland, Office of Neighborhood Involvement Marijuana Licensing. I initially reported on this in a press release of a white paper published on 12/12/16. Although there has Read the full article…

Too Few Licenses Impacts Oregon Cannabis Market

indoor under the lights

 An Analysis of the Office of Neighborhood Involvement Marijuana Program Statistics By Beau R. Whitney, Whitney Economics Highlights 19 out of 355 recreational licenses (or 5.4%) submitted to the City of Portland’s Office of Neighborhood Involvement have been issue in 2016 This represents an impact of $22.25M of monthly revenue to all Portland based cannabis businesses Read the full article…

Oregon Cannabis Industry Survey Predicts $10 Million Tax Revenue Decrease Due To Changes In Testing Protocol

Economist Beau Whitney at an MJBA Seminar

OREGON: Cannabis industry economist Beau Whitney of Whitney Economics and the Oregon Cannabis Business Council today jointly released the results of a survey conducted this November that predicts a $10 million drop in fourth-quarter state tax revenue, a $187.5 million uptick in black-market sales, and layoffs and dispensary closures statewide due to Oregon Health Authority Read the full article…