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Special Report: 2021 State of the Cannabis Cultivation Industry Report

Cannabis market growth continues despite persistent challenges.

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June 2, 2021

To view Cannabis Business Times State of the Cannabis Cultivation Industry Report, click the image below.

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The cannabis economy’s ups and downs can feel like a seesaw, and operators continue to chase profitability. But this year’s research uncovered notable positive takeaways.
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'Enormous Potential'
The results from the 2023 State of the Cannabis Cultivation Industry Report reflect the cannabis economy's erratic nature, but despite challenges, there are signs of growth.
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The cannabis economy’s ups and downs can feel like a seesaw, and operators continue to chase profitability. But this year’s research uncovered notable positive takeaways.
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A Bright Future For Cannabis: State of the Industry 2022
Cannabis Business Times Editorial Director Noelle Skodzinski delivered the State of the Industry keynote address to kick off the Cannabis Conference, where she highlighted opportunities and challenges ahead for the industry.
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Growth Despite Headwinds
Cannabis cultivation companies report increased revenues in industry study despite challenges of 2020.
Expanded Focus for an Expanding Industry
Now in its sixth iteration, this year’s 'State of the Cannabis Cultivation Industry Report' grew its focus as the industry continues to morph into its next phase.
‘Steady as She Goes’
Despite the economic challenges of 2020 due to the COVID-19 pandemic, most cannabis cultivators who participated in the research reported rising or fixed revenues in their most recently completed fiscal year compared to one year prior.
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Cannabis Study Reveals Production Costs Decreasing for Growers
Industry research shows cannabis growers are improving growing efficiencies each year, whether they cultivate indoors, in greenhouses or outdoors.
Whether growing in a greenhouse, in a warehouse/indoors or outside, cannabis cultivators are running more efficient operations, as seen by the decrease in production costs.
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Nearly Two-Thirds of Cannabis Cultivators Say COVID-19 Has Impacted Their Businesses
According to Cannabis Business Times’ 2020 State of the Industry Report, 63% of participants reported that the pandemic has affected their companies, resulting in decreased sales and staff cuts for some, and a jump in sales for others.
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