Business

A recent study by Headset Inc., a cannabis intelligence firm, concluded that the average marijuana consumer (at least in states where it’s recreationally legal) spends roughly $647 annually on weed.

The survey involved about 40,000 legal marijuana purchases made in Washington State from September 2014 to July 2016.  On top of that, Headset Inc., which is based out of Seattle, found that the average recreational marijuana consumer is a 37 year old man who buys flower.  Also, he averages 19.5 days between his purchases.

A few weeks ago we told you about the first major U.S. corporation to enter the legal marijuana market: Microsoft, with their entry into the marijuana retailer software business. Now another huge company is betting heavily on the future of the legal cannabis industry.

All marijuana grades had a pretty exceptional month, with the exception of schwag. The mid-grade category saw immense growth up an impressive $33 from its previous month's average. Furthermore, this increase is the highest price mid-grade has fetched in the last 14 months.

Holy cow! Texas is selling $490 ounces of Blue Dream to take the top spot for most expensive pot in the country. And seemingly here every month, Oregon once again takes the prize for cheapest marijuana in the nation. Special shout out to our northern neighbors Canada for their Kosher Kush at a very respectable $180 per ounce. Kudos, Canada!

The new cannabis brand from music and stoner legend Willie Nelson is getting ready to roll out in Colorado and Washington and should be available in retail shops in the next few months.

“Willie’s Reserve” will feature several top strains in 1-gram, 1/8^th and 1/4^th packages as well as pre-rolled joints, vape cartridges and disposable vape pens.

San Leandro City Council voted last Monday to select Davis Street Wellness Center as the recipient of the city’s second medical marijuana dispensary.

The long night of debate brought an end to an even longer two-year application and vetting process that started with 15 applicants. With the support of current employees and local community, Dr. John Oram, president and CEO of DSWC, gave a hard-hitting, 10-minute presentation that highlighted several inconsistencies with the other applicants, namely BLUM’s application in regard to its finances and merger with Newport Beach–based Terra Tech Corporation.