State of the Cannabis Cultivation Industry: Page 2

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.

Industry Optimism, Expansion Continues

In the five years that Cannabis Business Times has published the “State of the Cannabis Cultivation Industry Report,” the vast majority of research participants noted they plan to expand their cultivation operations, with a slight shift in the types of expansion they have planned.

Where Cultivators Grow

The number of cannabis cultivators growing in greenhouses and outdoors has increased steadily over the years since Cannabis Business Times launched the "State of the Cannabis Cultivation Industry Report."

Revenue & Profits: Plateaued, But Solid

After growth skyrocketed between 2018 and 2019, participants in the 2020 “State of the Cannabis Cultivation Industry Report” hit a plateau in their revenue trajectory.

Introduction: Tracking Data Reveals Industry Shifts, Sustained Growth

With information and insights from cannabis cultivators about their operations from multiple years, it is now possible to examine key trends and get a clearer picture of how the market has evolved.

Five Years Inside the State of the Industry

With consistent year-over-year data, Cannabis Business Times industry research enables us all to better understand the cannabis market, and its trends, and provides a useful tool for future planning.

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