Search Results for: mj research 2014

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…

MJBA Year in Review: 2015

The Marijuana Business Association will continue to deliver on our mission: to serve as the leading provider of reliable business intelligence, professional community, and credible opportunity for participants in legal cannabis.  We have enhanced the value of MJBA membership, while keeping our fees reasonable and our programs accessible. Business membership starts at just $250.

By David Rheins It is the week between Christmas and New Years, and the end of another whirlwind year for those of us on the front lines of legal cannabis.  Our fledgling industry has grown rapidly over its first two years: hundreds of new companies, thousands of new jobs and hundreds of millions in new Read the full article…

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…

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 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…

MJBA’s Cannabis Job Fair Brings Together Top Employers and Job Seekers

Marijuana is safer than unemployment

WASHINGTON: The legal cannabis industry in Washington is poised to scale in 2015, as more licensed retail stores come online and relatively low price points drive consumer demand.  According to the latest MJ Research report, Washington’s cannabis industry has surpassed $100M in sales in its first 33 weeks of legal sales, and that is in 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 2015 Legal Pot Sales Outlook: $350M To $495M

Utilizing the 25 weeks of sales data we have from 2014, Analytically Correct has modeled Washington State’s legal recreational cannabis sales for 2015.

By Joe Armes Washington: 2014 was a groundbreaking year for legal recreational cannabis in Washington State.  The year was about setting the groundwork for the future with opening of the first recreational cannabis businesses and establishing a steady supply for the market. While the Washington State Liquor Control Board (LCB) won’t have the complete December Read the full article…

Witnessing The Birth of An Industry: MJBA CEO David Rheins Looks Back At 2014

It's been an amazing year for  the legal cannabis industry and the MJBA.

By David Rheins  2014 has been an amazing year for those of us on the front lines of the legal cannabis movement. Thanks to the support of the now 300+ cannabis business members, dozens of sponsors and thousands of supporters, the b2b trade group I run, Marijuana Business Association (MJBA), has grown rapidly.  We’ve been Read the full article…