Oregon Sucking Life From Southern Stores

By Dr. James MacRae

WASHINGTON:  The Vampires appear to have moved from Forks to Oregon, and they are sucking our southernmost state-legal cannabis stores dry.

Actually, that’s a bit dramatic, but I thought the imagery fit the attached map picturing the change in Store-level Retail Sales levels from September to October of this year.  Green represents growth in sales, Yellow is not much change, and Red is a loss in sales.

I’ll put some more information later this week into a follow-on post  that summarizes the impact at a county level, and, possibly, calls out individual store impacts (although I’m a bit reluctant to name names) …  but I thought the store-level map pretty much says it all (look at all of the red clustered down near the Columbia River … While it might have something to do with Hanford leaking, I suspect that the changes that took effect on Oct 1 in Oregon’s State-legal Cannabis market might be involved).

I intentionally used a map that does not contain state and/or national boundaries, as it is clear from the distribution of sales LOSSES at the store level that cannabis acquisition does not appear to be respecting State boundaries (either now, or before Oregon’s change, or both).

I’m also curious about the two stores just to the north of Mt. Rainier.  Now I know where to run if I’m hiking and the mountain blows.

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

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% 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.

Here are some other insights from the Washington State Recreational Cannabis Business Intelligence Dashboard:

  • Year-to-date combined producer, processor and retailer sales as of March 9th have totaled $49M, resulting in $12.3M in excise taxes due to the state.
  • There are currently 127 approved retail stores in Washington State and as of March 9th 107 of these retail stores had recorded sales.
  • A new single day sales record was recorded on February 27th with $1.55M in combined producer, processor and retailer sales.

If you are a producer, processor or retailer who would like to be a confidential data provider for the dashboard and receive custom business insights or would like more information about business intelligence and analytics feel free to contact Joe at joe@analyticallycorrect.com.

 

About Joe Armes: Joe is the founder of Analytically Correct, a data analytics services company that provides custom analytics solutions that transform data into insights to allow decision makers to focus on what adds most value. His passion is to work with organizations with deeply rooted causes to help them gain access to the knowledge needed to make timely and informed decisions.

Colorado Pot Sales Soar To Record In January, Bringing $2.3 Million For Schools

COLORADO:  Colorado pot businesses sold a record amount of marijuana in January, resulting in an excise tax of $2.3 million designated for public schools, state officials said Wednesday.

The numbers, reported by the Colorado Department of Revenue, show that January’s school-designated pot sales tax is more than 10 times the amount in January 2014, when the state first collected the tax.

From December to January, the school tax sum jumped up about 21 percent, from $1.9 million to $2.3 million. In January 2014, the state collected $195,318 in taxes allotted for school construction capital.

In total, the amount of taxes, licenses and fees stemming from medical and recreational marijuana sales amounts to $8.8 million this January.

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

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 continues to fuel healthy sales growth even with a lingering surplus of cannabis deflating prices.

Here are some other insights from MJ Research’s Washington State Recreational Cannabis Business Intelligence Dashboard:

  • There are currently 119 approved retail stores in Washington State and as of February 3rd 98 of these retail stores had recorded sales.
  • Combined Producer, Processor and Retailer monthly sales grew at 7.7% from $16.95M in December to $18.26M January. Retail sales had its slowest monthly growth in January at 8.8% from $11.47M to $12.49M. Producer/Processor sales recovered with 5.3% growth from $5.48M to $5.77M after a sharp drop in December following the fall harvest and recorded the second highest Producer/Processor monthly sales in January.
  • On a weekly basis sales continue to grow on a very healthy trend and for the week of February 28th combined Producer, Processor and Retailer sales shattered the week of January 11th’s record of $4.2M with sales for the week coming in at $5.9M.

If you are a producer, processor or retailer who would like to be a confidential data provider for the dashboard and receive custom business insights or would like more information about business intelligence and analytics feel free to contact Joe at joe@analyticallycorrect.com.

 

About Joe Armes: Joe is the founder of Analytically Correct, a data analytics services company that provides custom analytics solutions that transform data into insights to allow decision makers to focus on what adds most value. His passion is to work with organizations with deeply rooted causes to help them gain access to the knowledge needed to make timely and informed decisions.

Colorado Retail Marijuana Sales Finally Beat Medical

COLORADO:  Sales of legal retail marijuana have topped sales of medical marijuana in Colorado for the first time since the state’s recreational pot shops opened their doors on Jan. 1, according to tax figures released by the Colorado Department of Revenue.

During the month of July, the state received $838,711 from a 2.9% tax on medical marijuana, meaning that patients spent an estimated $28.9 million at dispensaries. The state meanwhile raked in $2.97 million from a 10% sales tax on retail marijuana, putting those sales at about $29.7 million, according to calculations by the Cannabist.

Though that amounts to a less than $1 million gap between retail and medical sales, this is a small victory for champions of legalization who have argued that the experiment will be profitable for the state, as revenues have lagged behind some expectations.

Pot luck: Owners Of Colorado's Latest Multimillion Dollar Industry

COLORADO:  It’s a bona fide industry that is officially only five days old – but represents hundreds of millions of dollars.

As Colorado comes close to closing out the first week of its ‘green rush’, with recreational marijuana stores legally allowed to sell the drug from January 1 under revolutionary new state laws, official sales figures and profit margins have started rolling in. [Read more…]

Will Colorado Have Enough Pot Stores To Meet Demand?

COLORADO:  Call it Black Wednesday. Recreational marijuana goes on sale legally in Colorado on Jan. 1, and Denver officials are worried that the city’s retail shops won’t be anywhere close to meeting demand.

At a city-council meeting Monday, lawmakers in Colorado’s largest city raised questions about licensing delays and the prospect of people queuing up for hours in what have been historically low temperatures.

“If we have 10 stores open … we could have people camping out overnight with cash in their pocket,” said councilman Charlie Brown. “How is the industry, how is the police department going to work together?” [Read more…]

Will Colorado Have Enough Pot Stores To Meet Demand?

COLORADO:  Call it Black Wednesday. Recreational marijuana goes on sale legally in Colorado on Jan. 1, and Denver officials are worried that the city’s retail shops won’t be anywhere close to meeting demand.

At a city-council meeting Monday, lawmakers in Colorado’s largest city raised questions about licensing delays and the prospect of people queuing up for hours in what have been historically low temperatures.

“If we have 10 stores open … we could have people camping out overnight with cash in their pocket,” said councilman Charlie Brown. “How is the industry, how is the police department going to work together?” [Read more…]

Pueblo County, Colorado Approves Recreational Marijuana Sales

COLORADO: Pueblo County commissioners finalized rules Wednesday night for recreational pot sales beginning next year, limiting the number of dispensaries to 10 and setting zoning rules and licensing fees. [Read more…]

Seattle Marijuana Zoning Vote Can Make Or Break I-502

WASHINGTON: On Monday afternoon, the Seattle City Council will vote on new zoning rules “to establish locational restrictions on the production, processing, selling, or delivery of marijuana, to modify the definition of food processing, and to modify existing allowances for agricultural uses in certain industrial areas.” [Read more…]