Continue to Site »
Site will load in 15 seconds

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.

Top Story Soi Cover
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

Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle June 2025 » Hanwha January Ad
Advertisment: Hydrofarm » Hydrofarm Order 113 » CBT ROS 300x250 Medium Rectangle » PhotoBio MX2 Med Rectangle Ad
Advertisment: Hydrofarm » Hydrofarm webinar promo » Hydrofarm June 24 webinar promo ROS half page » hydrofarm-webinar300x600-resized
Recommended
Soi Research Main
2023 State of the Cannabis Cultivation Industry Research
Michelle Simakis Fmt
'Enormous Potential'
From left: Mark Dunson, Peter Sashin and Kermit Blaney
Endless Potential Ahead
Soi Feature
2023 State of the Cannabis Industry Sound Off
Related Stories
Michelle Simakis Fmt
'Enormous Potential'
From left: Mark Dunson, Peter Sashin and Kermit Blaney
Endless Potential Ahead
Noelle2
A Bright Future For Cannabis: State of the Industry 2022
Bodysoicoverfmt
Special Report: 2021 State of the Cannabis Cultivation Industry Report
More in State of the Cannabis Cultivation Industry
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.
Noelle2
Growth Despite Headwinds
Cannabis cultivation companies report increased revenues in industry study despite challenges of 2020.
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle June 2025 » Hanwha January Ad
Special Report: 2021 State of the Cannabis Cultivation Industry Report
Cannabis market growth continues despite persistent challenges.
Bodysoicoverfmt
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
Advertisment: Hanwha Vision » Hanwha Vision Order 78 » CBT ROS 300x250 Medium Rectangle June 2025 » Hanwha January Ad
Page 1 of 2
Next Page
Advertisment: Greentank » Greentank Order 92 » CBT ROS Mobile Adhesion 360x120 June 2025 » cbt-mobile-gt-shop