Retail

October 3, 2017

Retail Pays in Million Dollar Ways

Very quick note:  for the first time in over three years of profiting off of the sale of Schedule 1 drugs, Washington State collected, on average, over ONE MILLION DOLLARS of excise tax revenue per day during the month of September. I’d do a graph, but that would be overkill. Average Excise Tax per day in Sept — $1,018,411 Statewide, that is just under $1.2 Million per day once state sales tax is rolled in. From a revenue perspective, retail is now moving (before taxes) over $2,750,000 of State-legal Cannabis […]
September 14, 2017

Retail Performance Assessment

This is to inform my readers that I am going to be shifting the focus of HI-Blog to issues related to Retail Performance in Washington’s State-legal Cannabis market. While this will shift the emphasis in HI-Blog away from the “labs” and from the failed integration of Medical Cannabis into the state’s regulated system, I expect to continue writing on those topics in other industry publications. In no particular order, the topics I expect to cover in HI-Blog’s Retail Performance series will include assessments of: wholesale purchase pricing by retail stores […]
August 22, 2017

The Hempfest Bump – Retail Sales Increase

During the 3 days of Hempfest weekend, Statewide retail sales (not counting taxes) at the Retail Access Points were: Friday $3,495,000 Saturday $2,928,000 Sunday $2,258,000 These represent (relative to the same day the prior week), increases of 4.8%, 7.1% and 1.2%, respectively. It is not every week one sees increases like this. That Hempfest likely drove that bump is really neat. Given what I saw and learned over the weekend, Hempfest is more relevant than ever. Long live Hempfest … and when are we going to see more of those […]
August 10, 2017

Consumer Alert: How to best find product properly tested for bad bugs.

“An ignorant consumer is a marketer’s dream” The continued availability of PEAK-tested product to those Washington consumers wishing to acquire their Cannabis from State-legal access points is not an emergency, in my mind. Apparently it is also not an emergency in the collective minds of the LCB and the office of our Governor. I am, however, absolutely sure that it is an issue worthy of not only official oversight, but of consumer awareness. It is an issue of concern and it is an issue worth consideration. This post is in […]