After the 2016 elections saw four more states legalizing recreational marijuana for adults, a total of eight states, and the District of Columbia, now have removed criminal penalties for the possession of marijuana by those 21 or older. But with legal, regulated marijuana sales still a year or more away, access to “legal” marijuana can still […]
CARSON CITY, NV — Nevada’s anticipated July 1 start to recreational marijuana sales could be delayed following a judge’s ruling earlier this week on a complaint from the alcohol industry. A district judge issued an order Tuesday banning the state’s Department of Taxation from enforcing a May 31 application deadline for medical marijuana dispensaries applying […]
MONTPELIER, VT — The Vermont Senate approved a bill on Friday that would regulate the production and sale of marijuana and eliminate penalties for personal possession and cultivation by adults 21 and older. The Senate amended H. 167, an unrelated House-approved bill, to replace it with a revised version of a marijuana regulation bill that passed […]
Marijuana legalization advocates and the legal marijuana industry have been on tenterhooks ever since Donald Trump won the White House last November, and increasingly so since he nominated pot reform foe Jeff Sessions as his attorney general, the highest law enforcement officer in the land. But for the three months since the election and the […]
LAS VEGAS, NV — Voters in Nevada legalized marijuana on election day by passing Question 2, allowing adults 21 and older to possess limited amounts of marijuana starting January 1, 2017. But under the measure, a state regulated recreational cannabis market wouldn’t open until 2018, giving state officials time to craft the rules and regulations to […]
Vermont is one step closer to legalizing marijuana for recreational use.
Vermont is one step closer to legalizing marijuana for recreational use. The Vermont Senate approved a bill Thursday that would end marijuana prohibition in the state. The bill now moves on to the House of Representatives for final approval, according …
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Marijuana Legalization 2016: Eric Holder Says He Wants To Discuss …
Colorado and Washington have both legalized recreational marijuana use in the past few years, and now Alaska, Oregon and Washington, D.C., have done so as well. A number of states have passed legislation allowing medical marijuana, and some have …
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Friday: 1 Year Anniversary Of Marijuana Legalization In Washington, D.C.
This Friday marks the one year anniversary of the implementation of marijuana legalization in the District of Columbia. In the 2014 election, District voters overwhelmingly passed Ballot Initiative 71 with 70% support, legalizing the possession of up …
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Denver, Colorado (PRWEB) May 19, 2015
Colorado’s historic experiment with legalized, adult-use marijuana will soon reach its 18-month mark. The state’s successful program has brought cannabis out of the shadows, produced significant revenue and is also prompting industry experts to consider a widening trend; as the acceptance of legal recreational cannabis spreads across mainstream America.
“Production and demand will continue to increase as national legalization becomes a reality,” says Ryan Fox, founder and CEO of The Grass Station, one of oldest and largest cannabis dispensaries in Colorado.
“While that reality may be five or ten years down the road, you will see cannabis treated like a commodity in the markets,” he adds. “After all, we already see cannabis prices fluctuate throughout the year, from factors that are very similar to those that affect commodity futures in the financial markets.”
Fox sees a strong parallel between the legal marijuana industry and America’s wine producers when it comes to its consumer base, its production standards and quality control, as well as regarding its creative branding.
“Any great winery has an equally exceptional agricultural practice; a clean, efficient and well-organized vineyard,” he notes. “They take cost factors into account at every turn. And there’s also an element of style, a touch of creativity, when coming up with a great wine; just as there is with an excellent strain of cannabis.”
As with the wine industry, legal cannabis growers, producers and distributors are already catering to consumers across a wide range of budgets.
On any given day, Fox says, customers at The Grass Station can vary from consumers looking to spend under ten dollars for an afternoon’s diversion to connoisseurs wanting to try out a variety of the store’s more than 20 premium marijuana strains.
And because of that constantly evolving market, Fox and his staff of budtenders are often called on, much like a wine sommelier in a good restaurant, to inform and educate their customers.
Fox says that desire for information often goes well beyond Colorado, and connects him with present and future marijuana consumers across the U.S. and around the globe.
“I answer emails every single day from people who want to know more,” he says. “There are times when I feel like a vineyard owner, explaining our latest vintage.”
ABOUT THE GRASS STATION
Denver’s premier recreational dispensary first opened its doors in 2009, and over the years has maintained its widespread reputation as the source for top-quality cannabis, served up in a welcoming atmosphere. Customers expect and get friendly and knowledgeable service from The Grass Station’s staff. Its quality-tested products not only conform to state and local regulations but are kept to the highest possible standards of purity and potency.
For more information, visit: http://www.grassstationco.com/
Tags: The Grass Station, Colorado, marijuana, cannabis, cannabis industry, Ryan Fox, wine, vineyards, wine production, wine industry
New York, NY (PRWEB) April 09, 2015
The Medical and Recreational Marijuana Growing industry has flourished over the five years to 2015. For decades, all marijuana transactions in the United States were conducted under implicit or explicit prohibition. However, states have increasingly moved to legalize nonprofit marijuana for medical purposes, as well as to implement regulations for organizations that sell cannabis. “The growing acceptance of medical marijuana is providing growers and investors with unprecedented opportunities,” says IBISWorld Industry Analyst Dmitry Diment. “There has been no shortage of demand in recent years, as the industry has benefited from increased acceptance of the legitimacy of medical marijuana products.”
Recently, the legalization of recreational marijuana in Colorado and Washington has spurred additional demand for the industry. In 2014, the licensing of commercial recreational marijuana growers in these states contributed to industry revenue growth of 54.7%. In addition to the favorable regulatory environment in these states, medical marijuana growers have continued to benefit from the steadily aging population. Chronic illnesses have become more prevalent as the population continues to age, driving demand for medical marijuana. Overall, the industry is expected to experience annualized revenue growth of 30.2% to $ 1.9 billion in the five years to 2015, including growth of 25.1% during the current year.
According to Diment, however, “The industry will remain at risk until the federal government definitively changes its position on the legality of marijuana. Until then, a growing number of medical marijuana patients, as well as a burgeoning recreational cannabis legalization movement, will spur demand for the industry.” Rising demand is also forecast to widen profit margins, as is the success of the for-profit recreational marijuana business in Colorado and Washington. In particular, the next five years are expected to see the growth of large commercial cultivators, who will benefit from strong recreational demand across a number of states, including Alaska, Oregon and the District of Columbia.
For more information, visit IBISWorld’s Medical and Recreational Marijuana Growing in the US industry report page.
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IBISWorld industry Report Key Topics
This industry’s establishments grow marijuana for medical and recreational use. Most operators are nonprofit collectives that provide medical marijuana to other collective members. Transactions are typically conducted on a donation basis because the sale and distribution of marijuana is illegal in most states that permit medical marijuana. The industry also includes operators in Colorado and Washington, who grow medical and recreational marijuana on a for-profit basis.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Bellingham, WA (PRWEB) August 08, 2014
On August 6th, Top Shelf Cannabis in Bellingham, WA made history as the first retailer in the state’s recreational marijuana market to sell edible and concentrated products to consumers. With several news networks in attendance and a long line of eager customers outside, Top Shelf was set to receive their first delivery of non-flower products at 10:00 pm, and had committed to staying open until midnight (the latest allowable hour to sell cannabis products in Washington’s legal market) to serve those who had come to participate in the historic event.
As 10:00 p.m. came and passed, and the products had still not been delivered, the news media in attendance were forced to pack up and leave in order to meet their broadcast deadline before the first transaction was made. Luckily, representatives from Ganjapreneur, a cannabis industry media start-up, were also there to document the occasion. The delivery finally arrived at about 10:40 p.m., giving the major networks just enough time to film the products being unloaded and sorted before hurrying out the door to meet their deadline. Ganjapreneur’s film crew stayed at Top Shelf the rest of the evening to document the experience, and uploaded the footage to their website and YouTube channel on Thursday.
The edible products that were sold on Wednesday were savory snacks, including infused trail mix and nut clusters made by Green Chief, a processor licensed by Washington State which will also be providing edibles to several other retail stores in the region. There was also a pre-loaded vaporizer system that sold for close to $ 100 per unit, manufactured by Rif, another state-licensed processor.
Last month, Top Shelf Cannabis also made history as the first retailer to sell cannabis flowers in the legal market on July 8th. Since then, the store has received several shipments of flowers that have quickly sold out. Within the next week, Top Shelf is expecting a shipment of 50 pounds of cannabis flowers that they hope will allow them to operate continuously until the next shipment without limiting the purchases of their customers.
Ganjapreneur is a website dedicated to keeping aspiring “ganjapreneurs” up to date on the latest business news and developments in the recreational cannabis, medical marijuana, and industrial hemp industries. The website publishes original articles as well as curated news from around the web, and also conducts in-depth interviews with established business owners.
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