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Cannabis Business Times Newsletter
Webinar: Profiting From Live-Dried Cannabis
Cannabis Business Times
Access to Knowledge
When Launching a Dispensary, Identify The Gaps: Q&A With Hope Wiseman
Wiseman, owner of Mary & Main, digs into who to hire first, how to pick a location, ideas to connect with your community and other top considerations when opening a dispensary. More >>
Holiday Breather

North Americans enjoy many freedoms, including the legal purchase of adult-use cannabis throughout all of Canada and much of the U.S., despite the federal illegality of the plant in the latter nation.

But citizens in those two countries took a bit of a breather from exercising that freedom on Canada Day (July 1) and Independence Day (July 4) to the extent of sales trends leading up to those national holidays this year.

Canada Day experienced a 23% decline in total cannabis sales across all Canadian provinces as compared to the previous four Fridays, according to Headset, a leading provider of data and analytics to the cannabis industry. Ontario, the most populated province with more than 14 million people, experienced the most significant decline with a 29% reduction in sales.

All product categories in Canada’s cannabis market realized declines as well, including vape pens (-27%), flower (-25%), oil (-22%) and concentrates (-19%), according to the data analytics firm.

In the U.S., meanwhile, state-legal cannabis retail markets experienced a 6.6% decline on the Fourth of July compared to the previous four Mondays, according to Headset. While capsules (-28%) and topicals (-17%) saw the biggest dips, the preroll category actually realized a 6% increase in sales.

As Fridays are typically the busiest day of the week for cannabis sales, and Mondays are often the slowest day of the week, many U.S. cannabis shoppers stocked up ahead of the July Fourth holiday.

In Massachusetts, for instance, adult-use retailers reported nearly $6.1 million in sales on Friday, July 1, representing a 16.1% increase compared to average sales from the previous four Fridays, according to data collected by Cannabis Business Times from the state’s Cannabis Control Commission.

Although Canada Day and Independence Day didn’t break any sales records, that’s perhaps because Canadians and Americans were too busy celebrating, including by using cannabis, which they purchased ahead of time.

-Tony Lange, Associate Editor

Hawthorne Gardening Co. - CBT Growers are at the center
Locking in Return Customers
Fridays Reign King for Massachusetts Cannabis Dispensaries
The busiest day of the week for retailers saw a 61% increase in sales traffic on average compared to the slowest day of the week—Monday. More >>
Industry Headlines
Arkansas Voters Likely to Decide Adult-Use Cannabis Legalization in November
Minnesota Brewing Company Launches THC- and CBD-Infused Beverage
University of New Haven in Connecticut Introduces Cannabis Certificate Programs
Columbia Care Announces Approval of Business Merger With Cresco Labs at Special Meeting of Shareholders
CORRECTION: Trulieve Announces Registration Statement Filing
Chalice Brands Ltd. Enters Into Amended Agreement to Acquire Cannabliss & Co. Retail Locations
Good Supply Brand Expands its Cannabis Portfolio in Québec
Trulieve Announces Grand Opening of Hurricane, W.Va., Medical Dispensary
Harvest Integrated - CBT 6/13/22 Harvest AIR
Celebrating Rich Agriculture History
California to Celebrate 2022 CA State Fair Cannabis Award Winners
The winners, announced previously, will be recognized this month at the California State Fair. More >>
The Next Wave: Craft Cannabis

You can learn all about "live-dried"—aka freeze-dried—cannabis, and how it's about to create the next wave of craft cannabis in this July 21 webinar.

The Original Resinator founder and inventor TJ Arnovick will discuss the company’s exclusive Crop-to-Cure technology and how you can dry and cure a live plant in under 24 hours while preserving its unique metabolic terpene fingerprint in the same way that live concentrates do.

You’ll also learn about special considerations for your operations, and ultimately how to profit from live-dried cannabis before your competitors do. Register for this exclusive webinar for free today.

REGISTER HERE

About CBT:
Cannabis Business Times is the most trusted source of actionable intelligence for plant-touching cannabis businesses throughout North America and is producer of the industry-leading Cannabis Conference.

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