Driven by expansion of existing markets as well as new markets coming online, cannabis markets both saw strong growth last year, with US markets seeing 46% year-over-year growth from 2019 to 2020. In this presentation, BDSA details major trends seen in 2020, including:
- Monthly sales trends for states covered by BDSA’s Retail Sales Tracking.
- Shifts in product category share throughout 2020.
- Trends in retail coverage across top US markets.
- New legalization in 5 states.
Looking to the years ahead, BDSA breaks down where the growth in US cannabis sales will come from, detailing which markets hold the most potential for growth, what may be holding them back and predictions for federal legalization.