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Report Shows Almost Half of Cannabis Users are Over 40

People age. Luckily, you don’t have to grow out of cannabis.

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A new study reveals that almost half of those who currently use cannabis in North America are over 40, a surprising number given the narrative that most cannabis users are in younger demographics. This insight came alongside many other interesting data points about the industry. 

This information comes from Akerna, a group in the industry that works with software, compliance technology, seed-to-sale research planning, and enterprise software for the cannabis companies across North America. It dug into North American cannabis consumer habits to reveal deep insights about the industry and how it operates, in order to shed light on what businesses can expect in the coming months. 

“Akerna is an enterprise software company focused on compliantly serving the cannabis, hemp, and CBD industry,” their biography states. “First launched in 2010, Akerna has tracked more than $20 billion in cannabis sales to date and is the first cannabis software company listed on Nasdaq. The company’s cornerstone technology, MJ Platform, the world’s leading infrastructure as a service platform powers retailers, manufacturers, brands, distributors, and cultivators.”

According to the breakdown from the Akerna study, which looked at type of cannabis consumption method, as well as age and gender of cannabis users, flower is the most popular way to consume cannabis in the U.S., with edibles the least popular besides the “other category. Results also showed that more men than women consume cannabis, as men logged in at 62.5 percent and women claimed 37.5 percent. 

Self-Reported Use

In addition to looking at the numbers for sales and the type of cannabis consumed, the study also examined the numbers for reported use. In most cases, the numbers mirrored each other, showing people reported accurately about what they consume. “Some of this confirms what we already know, that flower is the most popular consumption method,” says James Ahrendt, Business Intelligence Architect, Akerna. “However, we also found some surprising data points. For example, medical consumers on average spend more and purchase more items than their adult use counterparts.”

One of the most surprising things learned from the study which has warranted interest is the breakdown of age use demographics. Under-30 users only accounted for 26.7 percent of users from the overall total polled, and those ages 30 to 40 clocked in at 29.7 percent. Collectively, the 40 to 50 age range at 19.5 percent, the 50-60 age range at 13.2 percent, and the 60-plus age range at 10.9 percent account for nearly 40 percent of all users.

The survey was conducted using data from the cannabis data and sales platform MJ Freeway, which includes MJ Platform and MJ Insights. The information in this database can help answer some of the study’s research objectives, including statistics in different areas, cannabis supply chain data, and specific business insights.

As North Americans from the Baby Boomer and Generation X generations continue to age, more and more seniors and middle-aged folks are comfortable with cannabis, making for a new and more accepting climate overall.

Source: https://hightimes.com/news/report-shows-almost-half-cannabis-users-over-40/

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House Of Representatives Schedules Vote On MORE Act

The U.S. House of Representatives is planning to vote on the MORE Act in the first week of December.

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House Of Representatives Schedules Vote On MORE Act | High Times



























Source: https://hightimes.com/news/house-representatives-schedules-vote-more-act/

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Georgia Accepting Applications for Medical Cannabis Production

The process for getting licensed will be competitive.

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Georgia Accepting Applications for Medical Cannabis Production | High Times


























Source: https://hightimes.com/news/georgia/georgia-accepting-applications-medical-cannabis-production/

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HempFusion IPO Order Book Closing

NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE UNITED STATES HempFusion Wellness Inc. (“HempFusion” or the “Company”) is pleased to announce that, due to demand, it is accelerating the date in which Expressions of Interest (“EOI”) for HempFusion’s proposed IPO will be accepted, to this Friday, November 27th, at 5:00 PM EST. Orders will be accepted on […]

The post HempFusion IPO Order Book Closing appeared first on CannabisFN.

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Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as “expects”, “will”, “anticipates”, and “estimates”; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief “snapshot” of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled “Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

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Source: https://www.cannabisfn.com/2886831-2/

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