2020 State Of The Industry Report: Cannabis Cultivation Market Expanding
“Five years of data reveals key trends in the cannabis cultivation market.”
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. 1
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.
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.
Where Cultivators Grow
The number of cannabis cultivators growing in greenhouses and outdoors has increased steadily over the years since Cannabis Business Times the “State of the Cannabis Cultivation Industry Report.”
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.
Challenges: One Constant in a Dynamic Industry
The primary cultivation- and business-related challenges for cannabis operations, according to participants, have remained unchanged for the past three years Cannabis Business Times has published the “State of the Cannabis Cultivation Industry Report.”
- Cannabis Business Times: 2020 State Of The Industry Report: http://magazine.cannabisbusinesstimes.com/article/june-2020/2020-state-of-the-industry-report-nexus-greenhouse-systems.aspx
- PDF Download: 2020 State Of The Industry Full Report: http://giecdn.azurewebsites.net/fileuploads/document/2020/05/29/SOI%20Book%20-%20high%20res.pdf