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Marijuana Retail Report

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Marijuana Retail Report



The lawsuit is based on an October 2024 tip filed with the AG’s office

In an antitrust lawsuit, Ohio Attorney General Dave Yost accuses nine cannabis operators in various states of engaging in anti-competitive behavior designed to reduce product choices and artificially keep prices high, harming both consumers and smaller Ohio cannabis businesses.

The lawsuit stems from an October 2024 tip submitted to Yost’s office by an Ohio cannabis industry official alleging widespread “shelf sharing” by large vertically integrated cannabis companies operating in Ohio and across the country.

According to information later confirmed by the investigation, cannabis operators in various states entered into reciprocal purchasing agreements — coordinated at the national level — to favor each other’s products at Ohio dispensaries while reducing or eliminating purchases from Ohio’s independent growers and processors.

“Our investigation uncovered allegations of an industry-wide scheme designed to drive Ohio’s small businesses out of business,” Yost said. “Ohio’s antitrust laws protect competition and consumers, not backroom deals that rig the system for a select few.”

According to information, senior representatives of major operators operating in different states met in late 2022 and agreed to reduce purchases from independent companies to save shelf space for each other during a period of increased supply and lower prices. The tip also alleged that some companies have established apparent internal quotas, reserving a significant percentage of pharmacy shelves for products obtained through reciprocal agreements with other multi-state operators.

The defendants in the lawsuit are:

  • Ascend Wellness
  • Air health
  • The Cannabist Company
  • Cresco Laboratories
  • Kuralist
  • Green Thumb Industries
  • Jushi
  • Trulieve
  • summer

The lawsuit alleges that each defendant violated Ohio’s Valentine Act:

  • Conclusion of mutual trade agreements with competitors.
  • Sharing competitive confidential information.
  • Engaged in discriminatory distribution practices that disadvantaged independent cannabis operators in Ohio.

According to the complaint, these actions reduced product choice and quality for Ohio consumers, stifled innovation and allowed the defendants to maintain or increase hypercompetitive prices in the state’s cannabis market.

Attorney General Jost is seeking an injunction to stop the alleged wrongful conduct.

Source: Ohio Attorney General’s Office

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Michigan Cannabis Sales Fell Again – New Cannabis Ventures

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Michigan Cannabis Sales Fell Again – New Cannabis Ventures

Michigan Cannabis sales for March decreased compared to a year ago, as they increased sequentially by 8.9%. At 255.5 million dollars, sales decreased by 7.8 percent compared to the previous year.

The Michigan Cannabis Regulatory Agency breaks down sales by medical and adult use, with medical sales down 36.8% year-over-year to $0.4 million, down 3.8% sequentially, and adult-use sales down 7.7% year-over-year to $255.5 million, up 8.9% sequentially.

The state breaks down sales by category and provides pricing details by category for both medical and adult;

For Adults - Use
For Adults – Use
Medical
Medical

As supply continues to expand, adult flower prices have fallen sharply, although the decline is slowing. The average price of $987 per pound in March was up 3.0% sequentially from a record low in December and down 5.3% from a year ago.

Michigan hemp sales are expected to grow 82.1% to $1.79 billion in 2021, 27.9% to $2.29 billion in 2022, and 33.3% to $3.06 billion in 2023. billion In 2026, Michigan cannabis sales decreased by 7.8%.

Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El

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Cannabis Sales Sank in Illinois – New Cannabis Ventures

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Cannabis Sales Sank in Illinois – New Cannabis Ventures

Illinois released sales figures for two months recently. The data was published for the last time at the end of January. The previous report was for Cannabis for adults in May. The November document explained that the lack of data was due to the Metrc transition. Here is the updated data as of the end of February.

The state’s adult cannabis sales fell 5.1% sequentially to $110.7 million in January and then fell 5.4% sequentially in February. Annual growth was -21.0% in January and 19.8% in February, a slight improvement from the last level. Here’s a chart of adult sales over time:

After growing 106% in 2021, 13% in 2022 and 5% in 2023, annual sales for adults are set to grow 5.4% to $1.72 billion in 2024. In 2025, they decreased by 12.5% ​​and amounted to 1.51 billion dollars, which was lower than the total figure of 2022. Two months into 2026, sales for adults are down 20.4%.

There hasn’t been an update from the state on medical cannabis in a while. The state exempts the sale separately from its medical plan, and April issue showed that sales fell 1.6% sequentially to $19.7 million, down 13.2% year over year.

Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El

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Michigan Cannabis Sales Bounced Mildly – New Cannabis Ventures

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Michigan Cannabis Sales Bounced Mildly – New Cannabis Ventures

Michigan hemp sales for february decreased compared to a year ago, as they increased sequentially by 3.4%. Sales of $234.6 million decreased by 3.0% compared to last year.

The Michigan Cannabis Regulatory Agency breaks down sales by medical and adult use, with medical sales down 38.6% year over year to $0.4 million, down 3.8% sequentially, and adult use sales down 3.0% year over year to $234.2 million, down 3.4% sequentially.

The state breaks down sales by category and provides pricing details by category for both medical and adult;

For Adults - Use
For Adults – Use

Medical
Medical

As supply continues to expand, prices for adult flowers have plummeted. The average price of $945 a pound in January was up 1.3 percent sequentially from a record low in December and down 8.2 percent from a year ago.

Michigan hemp sales are expected to grow 82.1% to $1.79 billion in 2021, 27.9% to $2.29 billion in 2022, and 33.3% to $3.06 billion in 2023. billion In 2026, Michigan cannabis sales decreased by 5.7%.

Alan Brochstein, CFA

Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El

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