Search Results for: joe armes

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…

Washington Legal Pot Prices Fall To Under $10 In July

#HB 2136 allows local jurisdictions to share marijuana tax revenues to encourage more cities and counties to allow marijuana businesses.

WASHINGTON: The price of legal marijuana at Washington’s legal recreational pot shops has fallen to an historic low of under $10 per gram of flower. Industry insiders place the cause squarely on the state’s newly rejiggered marijuana laws. Consumers and retailers are happy with the new low price points; while many producer/processors are struggling to differentiate. Read the full article…

The 2015 Washington Marijuana Retail Seminar: Becoming A Front Runner, October 5th in Bellevue, WA

MJBA Professional Educational Seminars

WASHINGTON:  Front Runner (formerly TetraTrak.com), a leading business intelligence resource for Washington’s licensed cannabis industry has teamed up with The Marijuana Business Association, to present: “The 2015 Washington Marijuana Retail Seminar: Becoming A Front Runner” on Monday, October 5th at the Red Lion Hotel in Bellevue, 1-5PM, with a VIP Reception to follow at the hotel bar. The MJBA Professional 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…

Spokane’s First Cannabis Job Fair Draws Huge Crowds

Nearly 900 eager job seekers came to the first Spokane Cannabis Job Fair on 6/20 at the Spokane Convention Center

WASHINGTON: Nearly 900 eager job seekers turned out for Spokane’s first ever cannabis job fair this past weekend, many of them lining up as early as 7:30 to drop their resumes off and meet some of eastern Washington’s leading cannabis industry employers. Organized by the Marijuana Business Association, and presented by Washington NORML and the 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…