Regional Data
Investment Analysis and Valuation of the Cannabis Industry
The Latest Regional Data
Michigan’s Largest Recall, an Opportunity for Lenders
Michigan Recalls 3 months of product, but what is the real impact? The Michigan Marijuana Regulatory Agency (MRA) has recalled all products tested by Virdis Labs between August 10-November 16, 2021. What does this mean for the supply chain in Michigan? Where will...
Weedmaps cuts guidance; Where will margins stabilize?
MAPS guided significantly below prior guidance for 4Q21 and 2022, blaming softness on a demand shift to the illicit market and slower than expected license issuances. Our more detailed review and updated model for Premium Members can be found below. While the...
Michigan, August Pricing and Market Share Insights
Michigan published the August 2021 data for their cannabis market, and we have organized an update on market share in the state; this article includes a monthly state data review for Michigan, complete with a working model of supply and pricing trends, inventory...
Glass House Brands: A De-Risked Opportunity to Invest in Scaled Production
Glass House Brands is a SPAC that has traded down to $5.00 on funding and pricing concerns, but they recently closed on the acquisition of the 5.5 million square foot Camarillo greenhouse in Ventura California. We think this is a very interesting opportunity for a...
Florida Market Share & Pricing Data, An update on Q3 2021
The weekly Florida review for Premium Members includes a working model with price checks of every operator’s flower, pre-roll, vape, edibles, and concentrate products, the weekly discounting trends, market share analysis, and all OMMU data. This particular review...
Michigan, July Pricing and Market Share Insights
Michigan published the July 2021 data for their cannabis market, and we have organized an update on market share in the state; this article includes a monthly state data review for Michigan, complete with a working model with market share breakdown, supply and pricing...
Brief Thoughts on JT Burnette/Trulieve and the Weekly Florida Insights
The weekly Florida review includes a working model with price checks of every operator’s flower, pre-roll, vape, edibles, and concentrate products, the weekly discounting trends, market share analysis, and all OMMU data. This review is based on the August 15, 2021...
Michigan is the state of opportunity for private marijuana operators
Despite being a top cannabis market in the United States, Michigan largely has been ignored by multistate operators because of the low barriers to entry for new licensees. However, with plenty of market growth and heavy fragmentation across the supply chain, the...
Actionable Florida Insights on Pricing Strategies and Market Share
The weekly Florida review includes a working model with price checks of every operator’s flower, pre-roll, vape, edibles, and concentrate products, the weekly discounting trends, market share analysis, and all OMMU data. This review is based on the August 6, 2021...
An Analysis of Nevada, a Limited License Market with Strong Growth Potential
This article reviews the state of Nevada, including wholesale pricing trends among various products, asset counts and economics, implied market share, and state sales.Nevada has gone from the golden child of recreational markets in 2018 to a stagnant sales market that...
Actionable Florida Insights and Pricing/Discounting Data
The weekly Florida review includes a working model with price checks of every operator’s flower, pre-roll, vape, edibles, and concentrate products, the weekly discounting trends, market share analysis, and all OMMU data. This review is based on the July 23, 2021 OMMU...
More multistate operators target Florida cannabis market
Discounts lead to market-share shift in Florida Florida, one of the most valuable cannabis markets in the world, is beginning to see competition among the top players – and the state’s patients are reaping the benefits of the undercutting. Despite the attractive...
Actionable Florida Insights and Pricing/Discounting Data
The weekly Florida review includes a working model with price checks of every operator’s flower, pre-roll, vape, and edibles products, the weekly discounting trends, market share analysis, and all OMMU data. This review is based on the July 16, 2021 OMMU data and...
Michigan, June Pricing and Market Share Insights
Michigan published the June 2021 data for their cannabis market; this article includes a monthly state data review for Michigan, complete with a working model with share breakdown, supply and pricing trends, inventory levels, and product mixes. Below are the key...
Actionable Florida Insights from the OMMU Data
The release of last week’s OMMU reports marks the end of Q2, and in the report below, we review how retail strategies are driving notable changes in market share among the Florida leaders. The report includes a working model of Florida market share and asset...
ParentCo PIPE in Glass House Terminated
ParentCo's $50 million investment in Glass House, which included a biomass purchase offtake agreement and cross-retail agreement, was "terminated by both parties". Premium Member can read our take on this below, following up on our reports on the Parent Co from May 18...
Florida, OMMU Sales, Product Pricing Trends, and Market Share Data
This Florida review includes price checks of every operator’s flower, pre-roll, vape, and edibles products, as well as their weekly discounting trends. The data is provided to premium members in a working model with historic OMMU data, market share trends, and asset...
Michigan, May 2021 Sales & Market Share Data
With Michigan’s publishing of May data, MJResearchCo is releasing the first monthly state data review, complete with a working model, detailed market share breakdown, and a dashboard of charts. Premium Members will have access to these reports each month, including...
California Cultivation Supply, Trends & Forecast (Article 2 of 2)
In our last article, we quantified the supply of cannabis in California while highlighting the potential for new supply in the next 18-36 months. The supply-demand calculations were based off a top-down analysis. In this article, we sharpen the estimates for current...
California Cultivation Supply, Trends & Forecast (Article 1 of 2)
As cultivation continues to expand across California, the question is asked: When will there be too much capacity? Despite the endless amount of nuances within this answer, below is our attempt to forecast the supply and demand dynamics of California. Included in this...
The Parent Co 1Q21 Earnings: What you need to know
The Parent Co reported Q1 2021 earnings, and here’s what you need to know. We had expected the company to reset their aggressive guidance to the downside while using organic integration and M&A to prove the incremental margin opportunity of their “house of brands”...
The Parent Company – A compelling opportunity, minimized by overpromise and dilution.
This article was first published to Premium Members Only, and became available to Free Members on July 21, 2021. The model download remains Premium Member Only. This report includes detailed financial and operational analysis, and a working model. The model includes...
Tax Audits Coming to CA Benefit Strong Retailers, Pressure Wholesalers
John Schroyer over at MJBizDaily published a great article about increasing tax audits coming to California on cannabis retailers and cultivations, as the state looks for additional sources of revenue. This will have varying implications for operators in California,...
Weedmaps S4 Update: Unlicensed Risks, CBD Upside, New Model
Updated analysis and Excel model looking into additional risks from the January 19 S4 filing.
MJBizDaily: Weedmaps’ Revenue Growth Model
My article for MJBizDaily detailing Weedmaps' revenue growth drivers can be read at the link below: https://mjbizdaily.com/cannabis-firm-weedmaps-aims-for-175-percent-revenue-growth/