The Talking Hedge

Washington State has 1794 SKUs, but just shy of $106 million in cannabis sales during the month of October.

What’s the Significance?:

Washington sold 1/4 the amount California sold, but it has 1/20th the population. 

What Happened in Washington last month?:

Total Sales= $105.9M

YOY Sales Growth= -10.1% (recent highs were in June 2020 at 30%)

Avg Basket= $31.70

SKUs= 1794

Like-Store-Sales-Growth (LSSG)= -1.51%

Inflationary Pressures:

Decreased average basket size trend continues, while the number of transactions continues to increase- indicating consumers are still going to #potshops more often, but spending less per transaction. This could mean consumers are trying to avoid higher minimum delivery requirements and opting to go to dispensaries and buying only what they need instead.

Consolidation:

Brand concentration has remained relatively steady, however, it's anticipated that consolidation will pick up as Canadian companies and private equity and venture capitalists come into the space in anticipation of U.S. Federal legalization to snap up under-valued cannabis prospects in hopes of a legalization rally that'll spark the next wave of cannabis stock speculation.

Episode 1040 The #TalkingHedge looks at Headset’s data…

#CannabisIndustry #CannabisData #MarijuanaData #CannabisAnalytics #MarijuanaAnalytics #CannabisSalesData

https://youtu.be/rEe8kLqOxRs

#Weed Talk News is a weekly #Cannabis news roundup published every Friday delivering the most current cannabis events with high visibility news contributors from across the U.S.!

Washington State’s 8th annual summit:

Washington State had its 8th Annual Cannabis Summit, where I spoke on a panel discussing my efforts to bring cannabis cafes to the state.

The Washington Cannabis Summit, presented by The Cannabis Alliance, has been the gathering place for addressing the most pressing issues facing the Washington state cannabis industry since the passage of i502. 

Past speakers such as Governor Jay Inslee, Tommy Chong, and the Knox Doctors,along with panel discussions bring industry insiders together with politicians, regulators, and leaders in other developed industries. 

The Washington Cannabis Summit brings renewed energy to difficult challenges by bringing the brightest minds together to work towards solutions.

The 8th Annual Washington Cannabis Summit will focus on the critical beginnings of our industry that will serve as a foundation for building our successful future. 

The panel discussions for the day examined cannabis cafes, tribal innovation, equitable capitalization and commerce, addressing cannabis incarceration and expungement in Washington State, as well as building bridges to safe medicine with the prevention industry. 

Keynote Speakers will address the highest level of the current discussion topics while grounding the group in our values of advancing a vital, ethical, equitable, and sustainable cannabis industry.

The #TalkingHedge…

https://youtu.be/uJpN3v-9XLA

The #GreenRush, produced by Pro Cannabis Media discusses news issues in the #cannabis market & each week conducts a deeper dive into specific topics of the industry. 

This week we discuss: Socially Responsible Capitalism & Social Equity.

Guests:

Nike John, Founder & Owner, The Heritage Club

Colton Griffin, CEO, Flourish Software 

Geoff Trotter, Chief Growth Officer & Co-Founder, Regennabis

Brooke Westlake, Founder & Owner, Women Expo’s LLC

Episode 1037 The #TalkingHedge...

https://youtu.be/GFuBJ-3pBJE

Candy maker Mars Canada Inc. won a lawsuit against cannabis manufacturers who sold edibles online under the guise of Skittles.

In a Canadian federal court ruling, three cannabis retailers were ordered to pay Mars a total of $144,600 after they were found infringing the candy maker’s trademarks by marketing and selling THC-infused edibles in Canada with logo and packaging “almost identical” to official Skittles products.

“I also find that advertising and offering for sale of a potentially dangerous product using appropriated trademarks that are evidently and obviously attractive to children represents a marked departure from ordinary standards of decent behavior that deserves to be denounced and deterred.”

“I agree with the Plaintiff and find the Defendants’ efforts to remain anonymous support the conclusion that they had knowledge of the unlawful nature of their activity.”

Mars issued a press release announcing it would launch legal action against cannabis retailers who use its trademarks to market and sell THC-infused edibles. 

Episode 1036 The #TalkingHedge with Katrina Glogowski, Seattle Attorney & Angel Investor...

https://youtu.be/43v_ApKr_uM

The Green Rush is a 2-hour weekly live cannabis business talk show produced by Pro Cannabis Media every Friday from 4PM EST to 6PM EST. The show discusses news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.

This Week's topic: Pediatric Cannabis

Guests:

Josh Crossney, Director of Cannabis Events, MJH Life SciencesTM

Megan L’Heureux, Group Editorial Director, Cannabis Science and Technology; Cannabis Patient Care, MJH Life SciencesTM

Rylie Maedler, President, Rylie's Smile Foundation CEO, Rylie’s Sunshine LLC

Janie Maedler, Managing Partner & COO, Rylie's Sunshine LLC

Leah Sera, PharmD, MA, BCPS, Associate Professor, & Program Director, Master of Science in Medical Cannabis Science and Therapeutics (MCST), University of Maryland School of Pharmacy

Episode 1035 The #TalkingHedge...

https://youtu.be/6b7OhX5qyow

Weed Talk News is a weekly Cannabis news roundup published every Friday delivering the most current cannabis events with high visibility news contributors from across the U.S.!

The #TalkingHedge…

https://youtu.be/uJpN3v-9XLA

The Green Rush is a 2-hour weekly live cannabis business talk show produced by Pro Cannabis Media every Friday from 4PM EST to 6PM EST. The show discusses news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.

This Week's theme: Cannabis Science

Episode 1029 The #TalkingHedge chats with Trey Reckling, Founder & Director, Academy of Cannabis Science and Dr. Jokūbas Žiburkus, CEO & Co-Founder, Adendox...

https://youtu.be/Ufgsb3k2biI

A lot has changed in recent years in the cannabis industry. One thing that remains the same is the importance of cannabis retail sales employees.

Also known as ‘budtenders’, these employees still remain as the primary ambassadors of cannabis and the most critical sales conduit for the vast majority of retail sales transactions.

The purchase decisions that cannabis customers make are heavily influenced by the employee they interact with, which makes these staff members the heart and soul of the industry.

Turnover is often unavoidable and always costly, so it’s essential to optimize the employee hiring and managing process wherever possible.In both countries nearly a quarter of all budtenders hired in the past year did not complete a full month of work. It does seem, however, that the budtenders with the best performance are the ones that continue working.

In this report, we explore budtender turnover in the US and Canada to get an understanding of what is and isn’t normal when it comes to budtender turnover.

Episode 1028 The #TalkingHedge dives into Headset’s report…

#CannabisIndustry #CannabisData #MarijuanaData #CannabisAnalytics #MarijuanaAnalytics #CannabisSalesData #MarijuanaSalesData

https://youtu.be/DNqhIuCYT8w

The Green Rush is a 2-hour weekly live cannabis business talk show produced by Pro Cannabis Media every Friday from 4PM EST to 6PM EST. 

The show discusses news issues in the cannabis market and each week conducts a deeper dive into specific topics of the industry.

Episode 1027 The #TalkingHedge chats with Thomas Howard, Cannabis Industry Lawyer, Collateral Base and Dan Ulloa Editor, Heady NJ ...

https://youtu.be/h-9Kqr9fWpc

Weed Talk News is a weekly Cannabis news roundup published every Friday delivering the most current cannabis events with high visibility news contributors from across the U.S.!

The #TalkingHedge…

https://youtu.be/uJpN3v-9XLA