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Cannabis Delinquencies: An Existential Threat to the U.S. Cannabis Industry Beau Whitney, Chief Economist March 29, 2024 Executive Summary There are a lot of conversions happening within the industry and among state and federal policy makers about the future state of cannabis. Issues i...
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Whitney Economics Forecasts U.S. Legal Cannabis Sales to Top $31.4 Billion in 2024 March 20, 2024 - Portland, OR - Whitney Economics, a global leader in cannabis and hemp business consulting, data, and economic research, announced the release of its 2024 U.S. legal cannabis sa...
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Whitney Wire – State Focus: Ohio legalization This month, Ohio became the 24th state to legalize cannabis for adult-use purposes. This month, we thought we would take a look the potential of the Buckeye State cannabis market. Current Ohio Data Overall, Ohio is already a stron...
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2023 U.S. National Cannabinoid Report Beau Whitney, Chief Economist October 2023 Disclaimer Whitney Economics does not take a position on the legalization of cannabis nor does it take positions on proposed legislation; however, it does derive revenue from cannabis and hemp related companies an...
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Despite low acreage now, the future of hemp is bright In 2019, there were close to 525,000 acres licensed for hemp cultivation. Acres licensed for hemp were below 70,000 in 2022, which is the lowest acreage since the passage of 2018 farm bill. There are questions as to whether the current number of...
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Hemp has been a hot topic as of late, even when it comes to adult-use and medical policies. Despite being separated legally, there seems to be an intersection when it comes to how cannabis and hemp can coexist. Despite these discussions, there is a lot of education that needs to be done on hemp in g...
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Cannabis Supply Issues Strike Again. Oversupply has taken down a publicly-traded giant (NASDAQ:CGC) in Canada's cannabis market. In a sobering piece published by Market Watch, the headline really says it all: "Once-mighty Canopy Growth loses billions as dream of pot riches runs into reality o...
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Whitney Economics Report Finds only 24.4%of U.S. Cannabis Businesses are Profitable Whitney Economics, the leading cannabis economics data, consulting and research firm, has published the second annual Cannabis Operator Sentiment and Business Conditions survey report. The report is the result of an...
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A Convergence of Thought Leaders Yields Optimism On June 7-9, a group of industrial hemp thought leaders converged on Brussels, Belgium, for the annual European Industrial Hemp Association (EIHA) conference. This is a significant event that brings together business operators and other stakeholders ...
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Summary: New York is major U.S. cannabis market with a remarkably small amount of legal market participation. New York will not be able to win consumers to the legal market with only small operators due to the lack of sufficient supply resulting in higher prices. Larger operators can ...
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