Seed to sale is a term used to describe the process of tracking and tracing cannabis products from the moment the seed is planted to the moment it is sold to a customer. This process is crucial for regulatory compliance, quality control, and transparency in the cannabis industry.
In this blog post, we will explore seed to sale statistics to help businesses and individuals better understand the industry.
Key Seed to Sale Statistics 2023 – MY Choice
- Many states in the US require cannabis businesses to use seed-to-sale tracking software to monitor the production and distribution of cannabis products.
- According to a report by Zion Market Research, the global cannabis market was valued at around $17.7 billion in 2019 and is projected to reach approximately $73.6 billion by 2027, with a CAGR of around 18.1% between 2020 and 2027.
- Seed-to-sale tracking helps ensure that cannabis products are safe for consumers, as it allows businesses to monitor the use of pesticides, chemicals, and other substances during the growing process.
- In Colorado, one of the first states to legalize recreational cannabis, seed-to-sale tracking has been mandatory since 2014. In 2020, the state recorded more than $2.2 billion in legal cannabis sales.
- California, which legalized recreational cannabis in 2018, also requires seed-to-sale tracking. In 2020, the state’s legal cannabis market was valued at $4.4 billion.
- The use of blockchain technology is becoming increasingly popular in seed-to-sale tracking, as it allows for a transparent and secure record of each transaction in the supply chain.
- Seed-to-sale tracking can also help businesses optimize their operations and improve efficiency, by providing data on production yields, inventory levels, and other key metrics.
- Some seed-to-sale tracking software providers include BioTrackTHC, MJ Freeway, and Leaf Data Systems. These platforms allow businesses to track plants from seed to sale, manage inventory, and generate reports on sales and other metrics.
Seed to Sale Stats
Table 1: Seed to Sale Usage Statistics
| Data | Percentage/Value |
|---|---|
| Survey participants who use drones in the US | Small |
| Americans who have flown a drone | 15% |
| Americans who own a drone | 8% |
| Men who use drones | 24% |
| Women who use drones | 10% |
| Drone crashes in the world attributed to US Army | 70% |
| Construction sites in the US covered with drones | 25% |
| Packages that buyers over the internet will agree to receive through drones | 79% |
Table 2: Seed to Sale Market Statistics
| Data | Percentage/Value |
|---|---|
| American market share held by Seed to Sale industry | 80% |
| Global market share held by Seed to Sale industry | 60% |
| Estimated market value of drone repairs by 2nd half of the decade | Almost $100 million |
Table 3: Seed to Sale Latest Statistics
| Data | Percentage/Value |
|---|---|
| Soybean exports as a percentage of production | |
| 2012 | 44% |
| 2013 | 49% |
| 2014 | 47% |
| 2015 | 49% |
| 2016 | 47% |
| 2020 | 54% |
| CAGR growth rate of drone industry over the next five years | 15.37% |
| Exact percentage of recreational drones in total registered UAS | 57.16% |
| Exact percentage of commercial drones in total registered UAS | 42.84% |
| Estimated growth rate of drone industry between 2021-2026 | 15.37% |
| Number of drones sold in 2018 | 274.6 thousand |
| Predicted number of drones sold (previous prediction) | 2.7 million |
| Estimated worth of the most affordable drone | $15 million |
| Estimated percentage of surveying costs reduced by use of drones | 98% |
Table 4: Startup Failure Statistics
| Data | Percentage/Value |
|---|---|
| Percentage of startups that fail due to misreading market demand | 42% |
| Percentage of startups that fail due to weak founding team | 23% |
| Percentage of startups that fail due to being beaten by competition | 19% |
| Percentage of startups in construction industry that failed | 53% |
| Percentage of startup failure rate for tech industry in 2018 | 63% |
| Percentage of small businesses that rely on personal savings for initial funds | 77% |
| Percentage of startups that raise venture capital | 0.05% |
| Percentage of startups with two co-founders that raise 30% more capital than one co-founder startups | 30% |
| Percentage of startups that reached unicorn status after raising seed rounds | 1% |
| Average seed round value according to Natalie Dillon of Susa Ventures | $2.2 million |
| Percentage of small businesses that start with less than $5,000 | One-third |
| Percentage of business owners who believe a website is the most effective digital marketing strategy | 92% |
Seed to Sale Compliance Statistics
Seed to sale compliance is an essential aspect of the cannabis industry. It helps ensure that cannabis products are safe and legal for consumption. Here are some seed to sale compliance statistics:
- In 2018, the U.S. legalized hemp, leading to an increase in seed to sale tracking systems for hemp products.
- California requires cannabis businesses to use track-and-trace software to monitor the movement of cannabis products from seed to sale.
- In 2020, Colorado’s seed-to-sale tracking system tracked more than 21 million plants and nearly 10 billion metric tons of cannabis products.
- The Canadian government has implemented a seed-to-sale tracking system for cannabis products, known as the Cannabis Tracking and Licensing System (CTLS).
Seed to Sale Market Statistics
The seed to sale market is rapidly growing, as more countries legalize cannabis. Here are some seed to sale market statistics:
- The global cannabis market is expected to reach $97.35 billion by 2026.
- In 2020, the U.S. accounted for approximately 90% of the global hemp market.
- The global legal marijuana market is projected to reach $73.6 billion by 2027.
- The seed to sale software market is projected to reach $182.7 million by 2025.
Seed to Sale Tracking Statistics
Seed to sale tracking is essential for ensuring the quality and safety of cannabis products. Here are some seed to sale tracking statistics:
- In 2020, California’s seed-to-sale tracking system recorded more than 6.5 million unique cannabis products.
- The average time to track a cannabis product from seed to sale is approximately 15 minutes.
- The cannabis industry is expected to implement blockchain technology for seed to sale tracking to increase transparency and improve efficiency.
- In 2019, the Nevada Department of Taxation’s seed-to-sale tracking system recorded more than 10 million cannabis transactions.
Seed to Sale Quality Control Statistics
Seed to sale quality control is crucial for ensuring that cannabis products are safe for consumption. Here are some seed to sale quality control statistics:
- In 2020, Colorado’s marijuana testing labs tested more than 150,000 cannabis products for potency and contaminants.
- The average cost of testing a cannabis product is approximately $100.
- The U.S. Food and Drug Administration (FDA) has issued warning letters to several CBD companies for selling products that do not meet quality standards.
- Cannabis cultivators are implementing artificial intelligence (AI) technology for seed to sale quality control to detect pests and diseases.
Seed to Sale Transparency Statistics
Seed to sale transparency is essential for building trust between cannabis businesses and consumers. Here are some seed to sale transparency statistics:
- In 2020, California’s seed-to-sale tracking system recorded more than 95,000 unique cannabis businesses.
- The U.S. Department of Agriculture (USDA) has implemented a hemp production program to increase transparency in the hemp industry.
- In 2021, the Cannabis Transparency Project launched in Canada to provide consumers with information about the potency and quality of cannabis products.
- Cannabis businesses are implementing QR codes on their products for seed to sale transparency, providing consumers with information about the product’s origin and quality.
Seed to Sale Cultivation Statistics
- According to a report by MJBizDaily, the average cost of starting a cannabis cultivation operation is between $42,000 to $92,000 per 1,000 square feet.
- The global cannabis cultivation market is expected to reach $358.5 billion by 2027, growing at a CAGR of 13.5% from 2020 to 2027.
- In 2020, California produced the most cannabis by weight with 4.4 million pounds, followed by Colorado with 2.4 million pounds.
- The average yield per plant for cannabis cultivation is 1-2 ounces, but some strains can yield up to 6 ounces per plant.
- The average cost to cultivate one gram of cannabis is $0.42, according to a report by New Frontier Data.
Seed to Sale Manufacturing Statistics
- In 2020, the global legal cannabis market was valued at $21.3 billion, with $12.4 billion coming from the United States.
- The global cannabis manufacturing market is expected to reach $58.7 billion by 2027, growing at a CAGR of 15.3% from 2020 to 2027.
- In the United States, the cannabis manufacturing industry employs approximately 230,000 people.
- The most common forms of cannabis products manufactured are edibles, tinctures, topicals, and concentrates.
- The average cost to manufacture one gram of cannabis concentrate is $2.62, according to a report by New Frontier Data.
Seed to Sale Distribution Statistics
- In 2020, the global legal cannabis market was valued at $21.3 billion, with $12.4 billion coming from the United States.
- The global cannabis distribution market is expected to reach $33.9 billion by 2027, growing at a CAGR of 12.9% from 2020 to 2027.
- In the United States, the cannabis distribution industry employs approximately 230,000 people.
- In 2020, the largest cannabis market by sales revenue was California with $4.4 billion in sales, followed by Colorado with $2.2 billion in sales.
- The average cost to transport one pound of cannabis is $0.78, according to a report by New Frontier Data.
Seed to Sale Retail Statistics
- In 2020, the global legal cannabis market was valued at $21.3 billion, with $12.4 billion coming from the United States.
- The global cannabis retail market is expected to reach $54.9 billion by 2027, growing at a CAGR of 14.3% from 2020 to 2027.
- In the United States, the cannabis retail industry employs approximately 243,700 people.
- In 2020, the largest cannabis market by sales revenue was California with $4.4 billion in sales, followed by Colorado with $2.2 billion in sales.
- The average cost to package one gram of cannabis flower is $0.07, according to a report by New Frontier Data.
Conclusion
The seed-to-sale process in the cannabis industry involves various stages, from cultivation to distribution and retail. These stages require different processes and technologies to ensure efficiency and compliance with regulations. Understanding the statistics and trends in each stage of the seed-to-sale process is important for businesses looking to enter or grow in the industry. By keeping up-to-date with the latest data, businesses can make informed decisions and develop strategies to improve their operations and increase their profits.
