Kaitlin Domangue, Author at Green Market Report

Kaitlin DomangueDecember 21, 2021
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6min50

It’s the most wonderful time of the year. For cannabis consumers and cannabis businesses alike. It’s no secret that cannabis consumers consider cannabis to be an important part of their holiday traditions. So much so, that cannabis dispensaries see a noticeable lift in sales each year around the holidays. 

We kicked off the 2021 holiday season with Green Wednesday. Green Wednesday is the day before Thanksgiving every year. Many people call it the Black Friday of cannabis. Headset found Green Wednesday sales showed a 33% increase in total retail sales compared to the previous four Wednesdays. As we move into the winter holidays, you can expect to see a boost in cannabis retail sales. 

2020 Holiday Retail Data

Let’s look at some holiday retail data from 2020 from Headset, LeafLink, and Flow Hub. It’s interesting to compare 2020 data with 2021 data, or even data from another year. 2020 was unlike any other. In the cannabis industry, the 2020 holiday season saw cannabis deliveries skyrocket. Stay-at-home orders prevented people from visiting the dispensary in person. Though 2021 will likely see a large number of delivery and in-store pickup orders, we appear to be returning to in-store shopping. 

Sales increased 61% over the previous four Thursdays last Christmas Eve, according to Headset. The week leading up to Christmas, December 21st through December 24th, saw 33% greater average daily sales than the prior four weeks. Consumers bring cannabis to their holiday gathering for many different reasons. Medical patients might need the help stimulating an appetite or reducing social anxiety and stress. Some consumers share it with their family. 

Flower Was 2020’s Most Popular Pre-Holiday Product Category

In 2020, flower was the most popular product category in the month leading up to the holidays, driving 32.7% of sales through LeafLink. We predict the 2021 holiday season will still see flower as the most popular product category. Cartridges were the second most popular product category, making up 26.6% of pre-holiday sales in 2020. According to LeafLink, 3.5 grams of Wedding Cake was the most popular product in the month leading up to the 2020 holiday season. Wedding Cake’s most dominant terpene is limonene. Most consumers report feeling relaxed and euphoric, the perfect effects to enter the 2021 holiday season and new year. 

New Year’s Eve Was the #1 Sales Day in 2020

Comparing the major winter holidays, New Year’s Eve takes spot #1 in terms of total cannabis sales. December 31st 2020 saw 26% higher total sales than Christmas Eve (the preceding Thursday). New Year’s Eve was the biggest single day of U.S. cannabis sales in 2020. Flowhub found NYE 2020 saw 69% more sales than a typical day. Christmas Eve was the second highest sales day of the year, at about 58% over a typical day. Historical data shows us how popular pre-holiday cannabis purchases really are. 46% of 2020’s top 10 sales days were in November and December, specifically between Thanksgiving and New Year’s Day, according to Flowhub. 

When Holidays Fall Over the Weekend

Sales go up when a holiday falls over the weekend. This year, Christmas Day is on a Saturday. Flowhub 78% of the top 10 sales days were on Friday or Saturday. The cannabis tech company predicts this year to be no different, especially on December 24th and December 31st. They also expect to see plenty of deals through the season, with the 24th and 31st offering discounts on 50+% of all transactions. Between September 2020 to September 2021, 18% of all transactions included a discount. In winter 2020, December through February, 24% of transactions had a discount. The median discount amount is $7.94. 

Final Thoughts

Pre-holiday sales will be just as popular in 2021 as they were in 2020, with the possibility of a year-over-year increase. The cannabis industry remains a vital part of the consumer’s daily life, shielded from holiday sales dips other industries see and worldwide tragedies like the coronavirus pandemic. As the industry continues to regulate, cannabis during the holiday season will normalize even more so than it already has.


Kaitlin DomangueDecember 9, 2021
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12min80

Do you dream about your favorite holiday cakes, cookies, candies weeks before the holiday begins? If so, you’re not alone. This is according to a survey of 2,000 Americans, who on average, began thinking about holiday treats three whole weeks ahead of the occasion. Even if you don’t celebrate the holidays, closing the year with  decadent desserts in hand is the way to go. 

Jushi Holdings’ (CSE:JUSH) recent poll found 9 out of 10 consumers, 91% of respondents, living in a legal state plan to incorporate cannabis into their holiday festivities this year. Cannabis brands know this. That’s why more and more holiday-themed, cannabis-infused edibles are entering the marketplace each year. 

The Best Edibles for the Holidays

We’ve gathered a list of six different seasonal cannabis products to try, but you can just about take your pick when it comes to holiday-themed edibles. There are plenty to choose from! We have three peppermint dark chocolate bars on this list alone, but like most cannabis products available: each product serves a specific customer and purpose. The more the merrier. 

Here’s what we recommend this year: 

Insa – Peppermint Candy Cane Chocolate Bar

Pennsylvania and Massachusetts consumers: Insa’s seasonal offerings are for you and your gift recipients. 

Let’s start with the Peppermint Candy Cane Chocolate Bar. It has 100 total milligrams of THC. The dark chocolate bar is coated with mint pieces and creates a sensational flavor. 

Insa so kindly sent the Green Market Report a few uninfused samples in the mail. So while we didn’t get to try the cannabis part of the chocolate, we tried everything else. 

The bar was cut the same as an infused product, packaged the same (aside from a “non-medicated” sticker across the label), and tasted mostly the same. 

Even for those of you who don’t like mint chocolate, you might love Insa’s chocolate bar. It doesn’t taste artificial like other mint chocolate candies you might be used to. The peppermint taste is strong, but not strong enough to block out the dark chocolate’s rich taste. If you have a cannabis friend in Massachusetts or Pennsylvania who does love mint chocolate, we highly recommend this.

Insa – Champagne Drops 

Looking for a non-chocolate option? Insa has also released a seasonal infused gummy, their Champagne Drops. We also got to try the (uninfused) Champagne Drops and they were excellent. They are hand-crafted with real white wine and grapes to create a sophisticated holiday flavor. The gummy is very soft, it almost melts in your mouth. The champagne flavor is prominent, but not overpowering. It’s easy to get carried away and snack on the whole container, whether you enjoy champagne or not! Insa’s Champagne Drops are gluten-free, vegetarian, made with real fruit and contain 5 milligrams of THC per piece. 

Massachusetts and Pennsylvania consumers can locate Insa’s Peppermint Candy Cane Chocolate bar, the Champagne Drops, and other seasonal products on their website

Kiva Confections – Peppermint Bark Dark Chocolate 

Unlike the previous two infused mint chocolate bars, Kiva’s peppermint dark chocolate bar just has a light dusting of crushed peppermint candy, it’s not coated with chunks of peppermint. It’s also topped with swirls of white chocolate. Each square contains 5 milligrams of THC. 

Kiva’s mint dark chocolate bar is available to California consumers only, so only Golden State consumers can get their hands on it. Kiva does have a delivery locator on their website if you’re gifting this to a friend from out of state, but they must have a valid ID proving their age upon receiving the delivery. 

Kiva Confections – Peppermint Patty Terra Bites

Kiva Confections’ Peppermint Patty Terra Bites are the holiday twist on the edible company’s classic treat. Enjoy a soft and sweet peppermint core, coated with rich dark chocolate. Kiva’s Peppermint Patty Terra Bites come with a bold, minty-fresh flavor and are infused with NASHA’s cold water hash. Each Terra Bite contains 5 milligrams of THC per piece. 

California consumers can find them here

Kiva Confections – Camino Holiday Punch Gummies

Kiva Confections’ traditional Camino line includes unique flavors, and the seasonal variety  is no different. The Holiday Punch gummies feature notes of cinnamon and cranberry, with energizing and delicious terpenes to deepen the flavor. Kiva says these gummies give you the “Christmas Morning” effect, designed to make you happy, excited, and refreshed. The Holiday Punch gummies contain 5 milligrams of THC per serving. Even the drawing on the packaging exudes Christmas joy, a gorgeous, snowy scene of a holiday cabin in the mountains. 

Kiva Confections’ Holiday Punch gummies are available in California. 

Green Roads – Candy Cane Crumble CBD Chocolate Bar

Green Roads’ hemp-derived, candy cane crumble chocolate bar is available in all 50 states, so it’s the perfect gift for any cannabis enthusiast living anywhere in the U.S.

It’s an artisanal dark chocolate bar with sweet candy cane crumbles on top. Not just a few pieces of candy cane either, the bar is covered with it to create that nostalgic and treasured mint chocolate taste we all love during the holidays. The entire bar has 180 milligrams of CBD, with each breakaway piece containing 15 milligrams of CBD. 

The bar is just $10, plus when you apply the code HOLIDAY2021 at checkout, you receive 30% off for a limited time. Stick it under the tree or stuff it in a stocking for an easily-accessible gift under $10. 

Cann – Cranberry Sage Social Tonic

California’s favorite cannabis drink, Cann, claims a huge portion of the state’s cannabis beverage market share. Online, the playful, fun (and sometimes snarky) company has gone beyond California and amassed nearly 70,000 loyal followers on Instagram with its lively, colorful, and engaging feed. 

For the holidays, Cann has released a seasonal flavor: Cranberry Sage. It’s made with all-natural ingredients and each can is just 35 calories. With just 2 milligrams of CBD, they’re not designed to get you stoned. You’ll experience a light buzz, but no hangover the next day. Cann’s drinks are made for social gatherings. 

Grab a six-pack of Cranberry Sage before your next holiday party. 


Kaitlin DomangueDecember 2, 2021
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9min100

Green Wednesday, Black Friday, and Cyber Monday deals are over, but plenty of people are still shopping for the holidays. Jushi Holdings (OTC: JUSHF) just recently conducted a holiday poll surveying 1,000 cannabis consumers in legal states and confirmed what end-of-year revenue knows to be true: people love cannabis during the holidays. For different reasons, too. Some people use cannabis to unwind during stressful holiday times, others bring enough to share with the family. Medical consumers might bring cannabis along to make eating holiday food a little easier. The poll said 9/10 consumers plan on incorporating cannabis into their holiday and almost 76% of respondents said they plan to give cannabis-related gifts this year. 

If you’re in that almost-76%, we’ve compiled a list of some great cannabis gadgets, glass, and accessories to gift yourself or a friend this year, including a few great promotions. 

Check them out below: 

G Pen

For the first 12 days of December, G Pen is offering a different discount every day. The promotion started yesterday with free shipping on orders over $25! Today, you can get 40% off select accessories. 

The rest of the promotion is below: 

Day 3: $150 Mystery Box – Roam + Cookies Dash, Grinder Card, Lemonnade Lanyard ($300 value)

Day 4:  40% discount on Connect vape (Black Only)

Day 5:  40% discount on Roam vape (Black Only)

Day 6:  40% discount on Elite

Day 7:  35% discount on Cookies family

Day 8:  35% discount on Dr. Greenthumbs Family

Day 9:  35% discount on Lemonnade family

Day 10:  30% discount on G Pen Dash

Day 11:  40% discount on G Pen Pro

Day 12:  30% off storewide

Visit G Pen’s website to shop. 

Cloudious 9’s Tectonic9 Auto Dispensing Grinder

There are a lot of gadgets that seem unnecessary, especially if you have a perfectly good alternative already. The auto dispensing grinder might seem like one of those purchases, but we got the chance to try one out and we’re hooked. This grinder is perfect for someone who might have less mobility in their hands. It both grinds the flower and cleanly dispenses it in your bowl or paper. No mess and zero hassle. The grinder is durable and made of alloy metal, making it suitable for even harsh, outdoor conditions in the winter. 

The Tectonic9 is on sale for just $36.00 right now. 

Automatic dispensing grinder by Tectonic9

STORZ & BICKEL

Newly-upgraded vaporizer models from STORZ & BICKEL are the perfect gift for serious cannabis enthusiasts. S&B’s gadgets come with a price tag, but the quality makes it worth every penny. 

Both the VOLCANO CLASSIC and VOLCANO HYBRID are fashioned with a limited-edition, sleek black exterior and finished with damage-resistant powder coating for a long-lasting gift. The CRAFTY+ model features a USB-C socket to reduce charging time by 25 minutes. Its ceramic-coated filling chamber protects the vaporizer from scratches and damage. The MIGHTY+ also features a USB-C socket, but it can deliver an 80% charge in just 40 minutes and has a 60-second rapid heat up time. 

Shop STORZ & BICKEL.

STORZ & BICKEL vaporizers

PARA 

Want to support a woman-owned, BIPOC business this holiday season? Look no further than PARA. PARA utilizes only eco-friendly ingredients from ethical small businesses, and donates a portion of their revenue to the Last Prisoner Project. 

PARA sells an assortment of unique glass, gadgets, and accessories, including the gorgeous aurora iridescent vase bong by My Bud, pictured below. It’s currently on sale for $89! 

Shop the rest of PARA’s collections

TheBudGrower – Home Cultivation Kits

TheBudGrower has home cultivation kits for the beginner grower, all the way up to expert home cultivators. The pre-made cultivation kits, including a grow tent, make it easy to get everything you need in one buy. All of TheBudGrower’s products are backed by a 1-year warranty and come with 100% organic supplies. 

Take advantage of limited-time free shipping on all orders. 

Blazy Susan 

Roll and load up in style with the walnut flight pad by Blazy Susan. This walnut rolling tray fits in your bag to go anywhere with you. It features a designated slot for your lighter and a large cone. It comes in both large and small sizes. 

If you’re in the U.S., get free shipping when you place an order on any product by December 6th, arriving by December 24th! Shop Blazy Susan’s world-famous pink rolling papers, pre-rolled cones, and more.  


Kaitlin DomangueNovember 26, 2021
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15min70

Cannabis consumers have already started taking advantage of holiday season savings, thanks to Green Wednesday. Green Wednesday sales have been growing with each passing year. Flowhub is predicting this year’s Green Wednesday sales to be “on par with recent years’ 18% YOY growth.” Read our Green Wednesday predictions for 2021 as the final sales numbers for 2021 continue to fall into place.

Cannabis businesses are continuing the holiday promotions as the retail industry begins Black Friday and heads into Cyber Monday. We’ve gathered a list of the best Black Friday savings to take advantage of this year, including hemp and high-THC cannabis products. Many of these companies don’t just carry high-THC cannabis, but hemp products and accessories, so they can be shipped almost anywhere. 

Check them out below: 

Marley Natural 

Marley Natural is the official cannabis brand and apparel company of Bob Marley, managed together by his estate and Privateer Holdings, a private equity firm. The brand pays respects to Bob Marley with every step, from the products they carry to the organizations they support. Marley is famously quoted as saying, “herb is the healing of a nation, alcohol is the destruction.” 

Marley Natural kicked off the Black Friday savings yesterday, offering $25 off all orders over $150 through the 28th. Use code GIVETHANKS at checkout! 

Marley Naturals wood grinder for Black Friday savings, featured in the cannabis publication Green Market Report

Higher Standards

Higher Standards is a cannabis apparel and accessories company for the true cannabis enthusiast. Higher Standards offers a wide range of styles. Some products are unique and fun, and some are casual and low-key. The online store has clothes, cleaning supplies for gadgets and glass, hemp papers and cones, and accessories all with a luxurious, yet casual approachable, style.

Take advantage of Black Friday savings and get $25 off all orders for over $150 using the code THANKFUL, starting today and ending Sunday, November 28th! Pictured below is Higher Standards’ coasters, created in collaboration with famous potter, Jonathan Adler. 

Smoking coaster, black and white with red lips and a joint, by Higher Standards x Jonathan Adler

 

Stündenglass

Stündenglass makes a one-of-a-kind gravity bong, which they call a gravity infuser. It comes in both a full-size and compact version. It also acts as a hookah. No matter how you use it, luxurious consumption is the goal. They also carry beverage infusers, which you can use to smoke and infuse any drink to the next level. Stündenglass is considered the best of the best, offering consumers more than just a smoke. Using a Stündenglass is an entire experience. 

Get 10% off and free glass upstems today for Black Friday! Pictured below is a Stündenglass gravity bong produced in collaboration with leading cannabis brand, Cookies. 

Blue gravity infused bong, produced by Cookies x Studenglass

G Pen

G Pen is best known for making portable vaporizers at an accessible price point. You won’t break the bank when you buy a G Pen, and now that Black Friday is here, you can save even more. Get up to 40% off the entire site, visit G Pen’s website to see everything that’s on sale. This promotion started on the 23rd and will run until the 30th. 

G Pen’s Roam vaporizer is currently $134.97, and normally priced at $224.95. G Pen has collaborated with plenty of well-known brands and celebrities, including Cookies by Berner, Dr. Greenthumbs, and Snoop Dogg. 

Picture of G Pen roam, a vaporizer, for Black Friday cannabis sales

Highsman

Heisman Trophy winner Ricky Williams gives a major nod to his NFL days with his cannabis products and apparel brand, Highsman. Williams was often criticized for consuming cannabis, and this company is now colliding the two worlds in the best way. Find “Pregame”, “Halftime”, and “Postgame” in loose flower and pre-roll options. Most of Highsman’s apparel is neutral in color, avoiding the traditional cannabis clothing designs and bringing neutrality into the picture. 

Highsman kicked off Black Friday yesterday, offering 20% off their letterman jacket with the code VARSITY. This promotion will run through the 28th. 

Higher Standards letter jacket on sale for Black Friday

Ken Ahbus

Not into traditional “stoner” clothes? Ken Ahbus is Mary Jane’s alter ego and he’s ditching the tie-dye. Ken Ahbus carries clothes for the sophisticated cannabis consumer, all with a simplistic and minimalist design. The clothes are neutral in color, veering away from the traditional loud colors we are used to seeing in cannabis clothing. 

The entire is 25% off + free shipping starting today. No discount code needed, it’s automatically applied to each order. The sale will go until December 1st. 

White shirt by cannabis clothing company Ken Ahbus that says I'm a blunt person

DoubleBlind Magazine

This isn’t a cannabis gift. DoubleBlind Magazine is a print magazine and media company focusing on the rapidly-growing psychedelics industry. DoubleBlind tackles hard issues and how psychedelics can help, such as the depression epidemic and the corporatization of medicine. They also offer different courses and educational resources for people interested in psychedelics, along with apparel! 

For Black Friday, DoubleBlind is offering 40% off on all individual courses. This includes How to Grow Mushrooms, How to Microdose, and How to Use Psychedelics. Pictured below is a tshirt from Double Blind. It’s not part of the Black Friday savings, but the entire site will have a sale on December 13th. 

Black Grow Magic tshirt for DoubleBlind Magazine, a psychedelics magazine and media company

HHemp

HHemp is all about health. The CEO of HHemp has a personal testimony with hemp, using it to help his young autistic son. On top of that, his son suffered from seizures. Enter CBD. After some trial and error, he found the perfect dose for his son. Then, Hhemp came to be. The company focuses on high-quality, health-focused ingredients for the conscious consumer and has holiday-themed items like the sampler gift set.

HHemp is having a Black Friday sale, offering 20% off all products on the site. Use promo code FRIDAY20 from November 26th to 28th to take advantage of the savings. The company also has a general holiday promotion, running until the end of December. Get 15% off all products until December 30th. 

Hhemp CBD+CBG lollipop sampler set

Daily High Club

Daily High Club sells eclectic glass products and smoking accessories. They also have a monthly smoking box subscription service, where you can get a box full of smoking goodies shipped straight to your door each month. November’s box includes a camera shaped bong, RAW rolling papers, glass cleaning solution, and a lot more. 

Daily High Club is running a Black Friday sale, discounting their three and six month subscription services. Get 15% off today using the code: BFCM. 

Daily High Club Subscription Box

Element Apothec 

Element Apothec just had a Green Wednesday sale. Now, the vegan, non-toxic CBD wellness and cosmetics company is saving you even more money on Black Friday. Element Apothec carries CBD tinctures and skincare products like a luxury facial serum, a restorative body lotion, and a healing balm. All infused with powerful cannabinoids like CBD and CBG, and zero bad ingredients. 

Save 30% on all products starting now until Cyber Monday, plus get free shipping on all orders. Use code FRIDAY30 to save. All orders over $100 will also get a free travel size lotion thrown in. 

Sky Wellness

Sky Wellness is a hemp-derived CBD company offering THC-free products. Their diverse product line includes vapes, skincare and topical products, gummies, softgels, and CBD oil. Sky Wellness has products for pets and people. Fun fact: the company’s team is one of the most diverse in the industry, with an executive team 75% led by LGBTQ and women leaders. 

Black Friday started early at Sky Wellness, beginning November 22nd. But, the savings are still on and you can get 50% off all products until the 28th with the code SKYBF50. 

Sky Wellness CBD stocking stuffers for Black Friday

Future savings & gifts

Many of these savings last until Cyber Monday, another holiday taking the retail space by storm each year.

Look for the rest of our cannabis and CBD gift guides happening through the holiday season at Green Market Report to see the best savings and trendiest holiday cannabis gifts of the year. 


Kaitlin DomangueNovember 23, 2021
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11min100

Green Wednesday is quickly becoming one of the cannabis industry’s favorite holidays. Last year, there was an 80% increase in dispensary sales the day before Thanksgiving, generating $238 million over Thanksgiving weekend. More and more cannabis and hemp brands are catching on with each passing year, adding awesome Green Wednesday deals to their annual holiday promotions. While the holiday isn’t on 420’s level just yet, the Green Wednesday is now to watch and plan for every year in cannabis. 

Here are some deals to score on Green Wednesday: 

PAX Labs

The cannabis industry’s favorite, award-winning vaporizer company, PAX Labs, will have a site wide 20% off sale beginning Green Wednesday (11/24). The vaporizer company just launched the newest product, Era Life, created for on-the-go consumers in PAX’s most compact vaporizer yet. Era Life works with any PAX Era pod and is available in four different colors. It’s the perfect go-to gadget for discrete consumption during the busy holiday season! 

The sale kicks off at 12:00 AM PST on Green Wednesday, going through 11:59 PM on Cyber Monday. 

PAX 3 for Green Wednesday sale

Caliva 

One of California’s favorite cannabis companies, Caliva’s Green Wednesday sale starts Wednesday, November 24th and runs until Cyber Monday on November 29th. California customers can purchase any Fun Uncle Cruisers Vape Carts for $20. The vape carts happen to be launching in four new flavors, just in time for pre-Thanksgiving purchases. Grab the carts in Blue Dream, Pineapple Express, Sunset Sherbert, and Granddaddy Purple. Caliva’s first-ever edible products, Nickels and DELI Dimes, will be also available for only $10 through this promotion. 

Purchase at a Caliva store, through the Caliva website, or the app. 

Caliva's Cruiser Vapes and Nickels on sale for Green Wednesday

Element Apothec

Like clean, non-toxic skincare and CBD products? Element Apothec’s products are for you. Plus, they’re THC-free and can be shipped anywhere in the United States. Each product by Element Apothec is cruelty-free, vegan, and made with only the purest ingredients. Element Apothec’s luxurious and clean skincare and CBD tinctures take self-care to a new level. 

Starting Green Wednesday, Element Apothec’s entire site is 25% off, plus you get a free travel size CBD/CBG-infused Nourish lotion with each Green Wednesday purchase. There’s no overwhelming scents or ingredients in any of Element Apothec’s products. They’re formulated for anyone who loves wellness and plant-based skincare. 

Pantry Food Co. 

California-based edibles company, Pantry Food Co., will have Green Wednesday delivery promos when you use cannabis delivery services Grassdoor and Ganja Goddess. Get 40% off a Pantry bundle with Keto Bites, Good Day Bites, and Glow Bites placing an order for delivery with Ganja Goddess and 25% off all Pantry products getting delivery with Grassdoor. Pantry’s promotion will begin on Green Wednesday and run for a limited time. 

Pantry Food Co. is focused on using only the best, most nutrient-dense ingredients. You won’t find artificial ingredients, unnatural food dyes, or processed sugar in any Pantry product. 

Pantry Cannabis Glow Bites, picture for Green Wednesday sales

Flow Kana

Flow Kana empowers and amplifies growers in the Emerald Triangle, the backbone of both the legal and illegal U.S. cannabis industry. Every Flow Kana product is cultivated under the beautiful California sunshine, creating the most terpene-rich, tasty, and potent flower for you.

The California cannabis company is opening up their Thanksgiving sales early to newsletter subscribers. Get a half-ounce of Flow Kana’s premium flower line, Farmer’s Reserve, for just $99 starting at 4:20 PM tonight if you’re a subscriber! Just in time for Green Wednesday and Thanksgiving celebrations.

Flow Kana Farmer's Reserve Products for Green Wednesday

Nama CBD

Nama CBD is a new hemp-derived CBD brand offering sitewide savings on Green Wednesday. Nama’s products are vegan, non-GMO, and made with zero artificial flavors or ingredients. They contain less than 0.3% THC, so Nama is legal everywhere in the United States. 

The Green Wednesday promotion applies to all products, including already-discounted products. No need to enter a coupon code. Every order automatically comes with free shipping, too. The deals are: 

  • Spend $50 – get $7 off
  • Spend $100 – get $20 off
  • Spend $150 – get $35 off
  • Spend $200 – get $50 off

Anytime Nama CBD gummies for Green Wednesday Sale

Superette’s

Canadian cannabis retailer, Superette’s, has dropped their holiday line of clothing, accessories, and home goods. Newsletter subscribers will get early Black Friday access for 30% off all apparel and accessories. Suprette’s has limited edition soaps, cool clothes for all cannabis consumers, a USB lighter, and PAX vape skins if you happen to take advantage of PAX’s 20% off deal for Green Wednesday!

Canada consumers can take advantage of Superette’s Green Wednesday and Black Friday savings here.

Suprette's shirt for Green Wednesday sales

Insa

For Massachusetts and Pennsylvania consumers, Insa is offering Green Wednesday specials on eights and chillums at their multiple retail locations. Buy 2 Insa eighths and a $50 Insa gift card for just $105, saving you $45. Or, grab two Insa chillums for just $12 and save $6. In addition to Green Wednesday savings, Insa has a wide range of cannabis products and accessories available at their retail locations. 

Insa prides itself on offering cannabis for real life in a variety of functions and formats, not just for getting high. The company wants to make your good days even better with great cannabis.

Insa Flower for Green Wednesday

Upcoming gift guides

The Green Market Report will be releasing cannabis and hemp gift guides throughout the 2021 holidays, featuring sales and the season’s best cannabis gifts to give.

Keep an eye on our website for our Black Friday article coming this week! 


Kaitlin DomangueNovember 15, 2021
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8min70

It’s time for your Daily Hit of cannabis financial news for November 15th, 2021.

On the Site 

Trulieve Delivers Strong Quarter, Admits Accounting Weakness

Trulieve Cannabis Corp.  (CSE: TRUL) (OTCQX: TCNNF) announced its results for the quarter ended September 30, 2021, as revenue increased 64% year-over-year to $224.1 million, beating estimates by $2 million.

Trulieve also disclosed in its 10Q that the management team identified errors in the accounting for leases and asset acquisitions, “identifying the root cause due to the control environment component of internal control as the company did not maintain a sufficient complement of personnel with the appropriate level of knowledge, experience, and training in certain areas important to financial reporting.”

 

Auxly Reports Rising Revenue, Trims Losses

Auxly Cannabis Group Inc. (OTCQX: CBWTF) released its financial results for the third quarter ending September 30, 2021 with revenues increasing 95% to C$24.5 million for the three months ended September 30, 2021. This was a 17% increase for Auxly over the second quarter. Still, the company reported a net loss of C$13 million in the quarter.

 

MediPharm Labs Reports Revenue, New CEO 

MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) announced its financial results for the quarter ending September 30, 2021 and said it has a new CEO as the company focuses on international business. Bryan Howcroft is the new CEO for MediPharm who plans to drive international and pharmaceutical sales growth.

 

CV Sciences Reports Drop in Revenues

CV Sciences, Inc. (OTCQB:CVSI) announced its financial results for the quarter ended September 30, 2021, with revenue falling 8% to $5.1 million for the third quarter of 2021 versus $5.6 million for the third quarter of 2020. CV Sciences said that sales were hurt by increased market competition, which was largely due to the uncertain regulatory environment for CBD.

 

Industry Heavyweights Weigh in On SRA

Cannabis industry leaders, including Kim Rivers of Trulieve and Joe Bayern of Curaleaf, have given their thoughts on the States Reform Act. The bill would formally legalize and tax cannabis at the federal level. 

 

Mike Tyson Says Psychedelics Have Made Him a Changed Man 

Green Market Report recently attended the Wonderland Psychedelic Business Conference in Miami Florida, where we had the opportunity to talk to former professional boxer Mike Tyson. Tyson says psychedelics have turned him into a different person and he’s a changed man – for the better. Tyson is currently the Chief Brand Officer at Tyson 2.0, his expanded cannabis company that was born out of Tyson Ranch.

 

The Parent Company Takes $570 Million Charge As Sales Fall

TPCO Holding Corp. also known as The Parent Company (NEO: GRAM.U) (OTCQX: GRAMF) announced its financial numbers for the third quarter ending September 30, 2021, with an eye-popping charge of $570 million. The Parent Company’s revenue for the quarter was $39.7 million and the adjusted EBITDA loss for Q3 2021 was $16.2 million.

 

Tilt’s Revenue Rises, Reaffirmed Guidance of $205-$210 Million For 2021

TILT Holdings Inc. (NEO:TILT) (OTCQX: TLLTF) reported its financial results for the three months ending September 30, 2021 with revenue increasing 37% to $53.4 million driven by growth in both cannabis and inhalation and accessory revenue. 

 

Greenlane’s Turnaround Gains Steam As Revenues Rise

Greenlane Holdings, Inc. (Nasdaq:GNLN) reported financial results for the third quarter ended September 30, 2021, as total revenue increased 16% to $41.3 million versus last year’s $35.8 million. Net losses at Greenlane increased 108% to $$28.7 million versus last year’s net loss of $13.7 million.

In Other News

Village Farms International Buys a Majority Stake in ROSE LifeScience 

Canada-based cannabis company, Village Farms, purchased 70% ownership of ROSE LifeScience, a Quebec-based cannabis producer and distributor. The total transaction price was up to $46.7 million Canadian dollars. 

“We have long admired the success of Village Farms and Pure Sunfarms in the Canadian cannabis industry. We are proud to join forces with them to accelerate our successes, and seize this opportunity to further evolve the industry in our home province of Québec,” said Davide Zaffino, co-founder and President and Chief Executive Officer, ROSE. “We cherish our Québec roots, and deeply believe in our province’s culture and values. As always, we remain committed to ensuring that Québec benefits from the responsible production, sale and consumption of cannabis. As part of the outstanding family of cannabis businesses within Village Farms, we are even better positioned to continue playing this leading role in the Québec landscape.”

 

Republicans File States Reform Act

Republican lawmakers filed a bill today that would federally legalize and tax cannabis, the States Reform Act. Rep. Nancy Mae (R-SC) is sponsoring the bill. “This bill supports veterans, law enforcement, farmers, businesses, those with serious illnesses, and it is good for criminal justice reform. The States Reform Act takes special care to keep Americans and their children safe while ending federal interference with state cannabis laws,” said Mace. 

The Green Market Report highlighted industry leader’s thoughts on the States Reform Act here


Kaitlin DomangueNovember 12, 2021
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9min90

The Diversion, Inclusion, and Social Equity (DISE) Committee of the California Cannabis Industry Association (CCIA) released a detailed accountability report earlier this week. The report carefully examined California’s social equity program, specifically the state’s initial seven districts that received grant funds from the California Cannabis Equity Act passed in 2018. 

The California Cannabis Equity Act of 2018 was designed to empower minority business owners who have been most impacted by the War on Drugs. Children of those incarcerated for non-violent crimes were among the applicants who applied to benefit from the program, which is about as close to “impacted by the War on Drugs” as it gets. 

But many people believe California’s social equity program isn’t living up to what was promised when the bill was passed. The accountability report released by the CCIA proves that to be true. 

Here are some key findings: 

  • In Oakland, 90% of respondents said lack of capital is a major problem plaguing their business 
  • In Los Angeles, as of October 1, 2021, only 28 of the 200 identified social equity applicants have received temporary approval
  • In Mendocino, the County has not yet approved any Equity Eligible Applications

Taking a closer look at Mendocino County’s cannabis social equity program 

Mendocino County was one of the seven initial district’s that received grant funds from the California Cannabis Equity Act, alongside Oakland, San Francisco, Los Angeles, Sacramento, Humboldt, and Long Beach. Mendocino County requires social equity applicants to be “extremely low income” or “very low income.” This means entrepreneurs after cannabis social equity grants in Mendocino County need to make between $20,000-$50,000 annually in many households. Social equity applicants Mendocino must also meet one of these five criteria: 

  1. Have lived within a 5-mile radius of the location of raids conducted by the Campaign against Marijuana Planting (CAMP) program. 
  2. Have a parent, sibling or child who was arrested for or convicted of the sale, possession, use, manufacture or cultivation of cannabis (including as a juvenile).
  3. Any individual who has obtained or applied for a cannabis permit in Mendocino County, or who has worked in or currently works in the cannabis industry, and was arrested and/or convicted of a non-violent cannabis-related offense, or was subject to asset forfeiture arising from a cannabis-related event.
  4. Is a person who experienced sexual assault, exploitation, domestic violence, and/or human trafficking while participating in the cannabis industry. 
  5. Have become homeless or suffered a loss of housing as a result of cannabis enforcement.

At the time of the report’s writing, which was just released this week, Mendocino County hasn’t approved a single Equity Eligibility Application. This is mostly due to the income limits imposed on applicants. Those applicants who meet one of the five criteria above don’t meet the “very low income” or “extremely low income” requirements set forth by the county, hindering successful adults who were harshly impacted by the War on Drugs at some point in their life. 

Mendocino County has accumulated $3,077,978.57 total funds for social equity applicants in 2020 and 2021. 

Oakland, California’s social equity program 

The Oakland Cannabis Commission shared a report just a few weeks ago detailing some shocking facts about the social equity program in that area. It was revealed that the city was sending a percentage of equity operators who have fallen out of compliance with the loan agreement to collections. 

It’s evident there’s a social equity cash flow problem in Oakland, despite a total of $10,668,619.90 raised for the program. The report shared by the Oakland Cannabis Commission said 90% of respondents said the lack of capital is a huge problem in their business, and 82% claimed to make less than $50,000 in gross receipts the prior fiscal year. The CCIA report cites loan repayment as the current cannabis social equity issue to focus on in Oakland, highlighting the data from the Oakland Cannabis Commission’s recent report. 

No transparency or timeliness 

There is no uniformity for tracking social equity-related dollars in cannabis across all jurisdictions in California. This makes finding and analyzing data difficult. The structure, eligibility, and funding implementation are different across each county. 

Testimonials for equity operators in California

“You’re expected to start basically a million dollar a year business, from scratch, not knowing what the budget is, not knowing what the state’s gonna put in front of you in terms of costs. Not having, really, the technical expertise to start the business. But you’re given a piece of paper saying you’ve got a license, start a business without either the proper capitalization and in that case, in our case, and everybody’s case, the consultants weren’t in place at that time, “ an anonymous equity applicant in Oakland said in the report. 

Evelyn and Brandon from Green Paradise, a cannabis dispensary in Los Angeles, said “The hardest part about the social equity program, I think, for us, definitely raising capital we’ve experienced. We’ve had several relationships with investors over the period of time of the course of this program and they all fell short, just because of the timing of the entire program. So when we think about the funds, that big issue, the program itself, not a lot of information was given directly from the department.”

How California can improve the cannabis social equity program 

The Diversion, Inclusion, and Social Equity Committee recommends the state create a “comprehensive definition for what constitutes cannabis social equity on the state level in order to facilitate more direct and intentional support of marginalized individuals seeking to enter the cannabis industry.” In other words, create a linear definition as to what cannabis social equity means to the state and entrepreneurs, so those business owners can be equally supported throughout California. The data must also be made publicly available, so people can see where the money is going and who is being helped. The report also recommends greater financial relief for social equity business owners and to simply make more funding accessible to these individuals. 


Kaitlin DomangueNovember 9, 2021
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4min20

It’s time for your Daily Hit of cannabis financial news for Tuesday, November 9th, 2021. 

On the Site

Springbig to Go Public Through Tuatara SPAC

Cannabis tech company Springbig is going to become a publicly-traded company through the SPAC Tuatara Capital Acquisition Corporation (NASDAQ: TCAC). The new symbol when the company begins trading on NASDAQ will be SBIG. It is expected to close in the first quarter of fiscal 2022.

iAnthus Reports Falling Revenue As Shareholders Get Another Chance

After the markets closed on Monday, iAnthus Capital Holdings, Inc. (OTC: ITHUF) reported its financial results for the quarter ending September 30, 2021. Revenue for the third quarter was $49.3 million, up 21% from the same quarter in the prior year, but it dropped 9% sequentially. The net loss was $15.8 million, or a loss of $0.09 per share, compared to a net loss of $25.5 million, or a loss of $0.15 per share, in the same quarter in the prior year.

In Other News

Aurora Cannabis Announces Results for First Quarter 2022 

Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), announced its financial and operational results for the first quarter of 2022. The total cannabis net revenue was $60.1 million, a 10% sequential increase from the prior quarter. The company’s adjusted EBITDA loss was $12.1 million. 

“During the quarter, total cannabis net revenue increased by approximately 10% sequentially, driven by our industry leading and high margin global medical cannabis business. Our premiumization strategy also gained traction, as evidenced by 29% sequential revenue growth in our premium dry flower brands of San Rafael ’71 and Whistler, primarily driven by the launch of three new Coast cultivars,” said Miguel Martin, Chief Executive Officer of Aurora Cannabis. 

Village Farms Announces Third Quarter 2021 Financial Results

Village Farms International, Inc. (NASDAQ: VFF) (TSX: VFF) announced their results for the third quarter of 2021. With the company’s acquisition of hemp company, Balanced Health Botanicals, U.S. and Canadian operations generated $31.2 million in sales. Village Farms finished the quarter with a 44% gross margin, above the company’s target range of 30-40%. The company also launched 31 new SKUs across four product categories. 

“Our strong third quarter results were driven by another record performance from our Canadian cannabis business, Pure Sunfarms, as well as a partial quarter’s contribution from the acquisition of Balanced Health Botanicals, and improved results in our Village Farms Fresh Produce business,” said Michael DeGiglio, CEO, Village Farms.


Kaitlin DomangueNovember 9, 2021
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2min30

It’s time for your Daily Hit of cannabis financial news for November 8th, 2021 .

On the Site

Curaleaf Buys Reef Dispensaries for $286 Million

Curaleaf Holdings, Inc. (OTCQX: CURLF) is buying western state operator Tryke Companies known for its Reef Dispensaries in a deal valued at approximately $286 million. The acquisition is expected to close in the second half of 2021. Curaleaf said it will be immediately accretive. Tryke is expected to deliver nearly $110 million in full year 2021 revenue.

Third Quarter Cannabis Company Index Recap Published

Green Market Report has published its third quarter recap for the Cannabis Company Index. The Index removed KushCo Holdings to reflect the acquisition by Greenlane, Gage Cannabis was removed due to TerrAscend’s pending acquisition of the company.  

In Other News

Curaleaf Reports Third Quarter 2021 Results

Curaleaf reported a record revenue of $317 million for the third quarter, as reported last night. This represents a 2% sequential and 74% year-over-year growth. The company generated $52 million of positive operating cash flow. 

GOP Introduces New Cannabis Bill

Marijuana Moment obtained a 116-page preliminary draft of a bill titled the States Reform Act, led by Rep. Nancy Mace (R-SC). The bill would deschedule cannabis at the federal level and regulate it similarly to alcohol. 


Kaitlin DomangueNovember 5, 2021
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4min110

California-based, vertically integrated Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) announced its subsidiary, GH Group Inc., has filed a lawsuit against Element 7 CA, LLC (E7), a California dispensary with multiple locations across the state, and its principals Josh Black and Robert “Bobby” DiVito. The claim was filed at the Los Angeles County Superior Court – Central District earlier this week on November 2nd. 

The lawsuit was filed in an effort to enforce the complete transfer of retail licenses GH Group was set to acquire, per a Merger and Exchange Agreement between the two companies dated February 23rd, 2021. E7 was contractually committed to transfer seventeen retail licenses to Glass House Brands. Only three out of the seventeen have been fully transferred so far. Those three licenses are located in Dunsmuir, Hesperia, and Eureka, California. GH Group has also terminated the License Development Consulting Agreement between the two parties, also dated February 23rd, 2021. 

E7 In the News

This isn’t the first time E7 has made the news under less-than-ideal circumstances, with a Change.org petition included, garnering nearly 700/1,000 signatures. Namely, those who are against corporate cannabis. E7 filed an application with the town of Fairfax, California to operate a dispensary and delivery service. The company was accused by Fairfax residents of pushing local business owners out and bringing corporate cannabis in. The cannabis company applied for a storefront location at 1930 Sir Francis Drake Blvd, which is a family-owned acai bowl shop and cafe, Mana Bowls. “We are not a national chain and we don’t use locals as a front,” Josh Black, who was named in the Glass House Brands suit, told Marin Independent Journal. But Mana Bowls private Instagram account links the Change.org petition in their bio, potentially supplying a level of truth to Fairfax residents’ concerns about pushing out local businesses. 

There was also concern from people who didn’t want to make the town a “go-to” location for cannabis. “Fairfax already has the pot store and the CBD store,” said Ed Tilton, Fairfax resident who lives behind Mana Bowls, to the Marin Independent Journal. Parents of young children have also expressed their disinterest, as Mana Bowls is a place where families can be together. “Our town and kids need Mana Bowls. Cannabis can easily be delivered and does not need a storefront in Fairfax,” says one commenter on the Change.org petition. 

Glass House Brands feels confident the remaining fourteen licenses will be transferred. E7 has not yet made any statements about the lawsuit with Glass House Brands. 


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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