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…

Legal Cannabis Creates Yet Another Spinoff Industry—Wall Street-Style Data Analytics

Brian Yauger on stage at MJBA Meetup in Seattle.

WASHINGTON: Washington State’s newly legal cannabis capitalists don’t tend to agree on much. Ask any one of them about any current pot-business topic—the regulation of medical marijuana, indoor versus outdoor grows, whether labs fudge pesticide and potency test results for favored clients—and you’ll find yourself in the middle of a passionate harangue. But the more 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…

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 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…

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…

MJ Research Report: Washington Surpasses $40M In Recreational Marijuana Transactions

We are providing the MJ Research Report as an industry resource for business intelligence.   The report will cover analysis of key issues, events, trends and will provide critical insights for businesses in this new markeplace.

By Joe Armes WASHINGTON: The Marijuana Business Association (MJBA) and Analytically Correct are pleased to announce the release of the first MJ Research Report and business intelligence dashboard on the eve of the cannabis industry event: The Dollars and Sense of Risk & Financial Management. We are providing the MJ Research Report as an industry resource Read the full article…