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2023 State of the Cannabis Cultivation Industry Report

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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May 25, 2023

Check out the full report here

Navigate through the 2023 State of the Cultivation Industry Report

Executive Letter

Research: Chasing Profitability

State of the Industry Sound Off

2023 State of the Cannabis Cultivation Industry Research

'Enormous Potential'

Endless Potential Ahead

2023 State of the Cannabis Industry Sound Off

2023 State of the Cannabis Cultivation Industry Research

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.

Soi Research Main

'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.

Michelle Simakis Fmt

Endless Potential Ahead

From left: Mark Dunson, Peter Sashin and Kermit Blaney

2023 State of the Cannabis Industry Sound Off

A compilation of quotes and commentary chronicling this moment in the cannabis market.

Soi Feature

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.

Special Report: 2021 State of the Cannabis Cultivation Industry Report

Cannabis market growth continues despite persistent challenges.

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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.

Execs

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.

Indoors, Greenhouses or Outdoors: Where Are Cannabis Cultivators Growing?

Five years of data from Cannabis Business Times' exclusive research report reveals shifts in the type of facilities cannabis growers are using to cultivate their crops and a trend toward expansion and larger plant canopies.

Soi Online Charts 9web

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.

Soi Online Charts

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