Market share trends in Florida (TCNNF, LHSIF/AYRWF, CURLF, GTBIF, CCHWF)
The Florida Office of Medical Marijuana Use (OMMU) releases updated cannabis data every Friday.
For the week ending January 15th, the number of qualified patients in Florida’s medical marijuana program grew 0.6% WoW to 465,426 qualified patients with active ID cards. THC in mgs sold increased 16.6% WoW to 148.3 million mgs, CBD in mgs sold increased 7.8% WoW to 3.4 million mgs, and flower in oz. sold increased 3.6% WoW to 49,358 oz. sold.
Trulieve opened another dispensary last week to 73.
Florida’s medical marijuana marketplace has strong potential – the state’s medical marijuana program still has a runway for population penetration, edibles were just introduced to the market in August, and there’s a broad range of qualifying medical conditions, notably ‘severe and chronic pain.’ The rising tide that is patient volume growth lifts all ships.
More pro-legalization proponents in positions of power
President-elect Joe Biden’s pick to lead the Democratic National Committee is a strong backer of marijuana legalization. If confirmed by party leaders this week as expected, former South Carolina Democratic Party Chair Jamie Harrison will be responsible for coordinating Democrats’ national political activities. Jamie Harrison ran against Lindsey Graham for the Senate this past November. “I think we should legalize, regulate and tax marijuana like we do alcohol and tobacco,” he said in July. “There is simply no medical reason to lock people up over this issue. In essence, this is about common sense.” Jamie Harrison would replace Tom Perez, who did not have a public stand on marijuana legalization.
FREE DELIVERY IN ONTARIO
Fire & Flower (FAF) is a leading purpose-built, independent adult-use cannabis retailer. Recent acquisitions and openings in Ontario (Friendly Stranger, Happy Dayz, and HotBox retail brands) have bolstered Fire & Flower's Ontario footprint, enabling the Company to expand its reach as it provides legal cannabis to its customers through e-commerce, curbside, and delivery services. FAF announced yesterday that its stores' network expanded its free, same-day delivery across Ontario with a delivery radius from North Bay south to Toronto and from London east to Ottawa. "We have rallied our teams throughout Fire & Flower's network of stores so that we can continue to provide the same high level of service to our customers who are coping with this extended lockdown," said Trevor Fencott, Chief Executive Officer, Fire & Flower. "We know the demand is there and will continue to diversify our resources to serve our clients safely. Fire & Flower has a distinct competitive advantage as online ordering, curbside pickup, and delivery become available through its ability to communicate with members in the Spark Perks program on the Hifyre™ digital platform. The Spark Perks program provides a robust channel to communicate with consumers, understand their needs and preferences and drive consumer traffic digitally.
