Maryland Cannabis Market Update: What’s in Store for Adult-Use Launch
Maryland begins legal adult-use sales on July 1, 2023. Despite declines in the medical channel, adult-use is expected to help the Maryland market return to growth for years to come, with adult-use sales contributing nearly a third of the forecasted 2023 state legal sales of $642 million.
Adult-use Legalization Spells Huge Opportunity in New York
More than two years after pledging support for cannabis legalization, New York Gov. Andrew Cuomo signed a legalization bill Wednesday morning that will pave the way for an adult-use market to be launched sometime in early 2022. The states medical program saw slow growth from its start, just reaching $111 million in sales in 2020, […]
Global Cannabis Sales Exceeded $21 Billion in 2020; BDSA Teams Up with Canaccord Genuity to Discuss the Latest Outlook
BDSA’s Chief Executive Officer, Micah Tapman and Vice President of Insights and Analytics, Kelly Nielsen recently joined Canaccord Genuity’s Bobby Burleson for a lively discussion surrounding BDSA’s latest market forecast. Here are the highlights!
Arizona Launches Adult-Use Sales in Record Time
With the launch of sales on January 22, 2021, Arizona became the 10th state with adult-use cannabis retail. The state is already home to one of the most developed medical cannabis markets in the country, as BDSA’s retail sales tracking shows that Arizona brought in over $1 billion in medical sales for 2020. While Arizona’s […]
BDSA Launches Retail Sales Tracking in Canada
With launch of Retail Sales Tracking, BDSA Provides Comprehensive Suite of Market and Consumer Insights on the Canadian Cannabis Market BDSA has launched retail sales tracking data for Canada, providing brands and retailers with greater insight into the world’s largest nationally legal cannabis market. BDSA forecasts Canada’s cannabis industry will reach CAD$3.3 billion ($2.5 billion) […]
The ‘It’s Complicated’ Relationship between Cannabis and Alcohol
43% of alcohol consumers also consume cannabis An interesting interaction is evolving between beverage alcohol and cannabinoid products that is becoming an increasingly important issue for both alcohol and cannabis brands and retailers to watch as worldwide cannabis consumption grows. Growing acceptance and consumption of cannabis, consumption of both alcohol and cannabis and cannabis product […]
Gummies on the Rise: The Rapid Growth of the Most Popular Ingestible Cannabis Product
Infused gummies make up 84% of candy ingestible sales in 2020 While sales of ingestible cannabis have grown steadily in legal markets, candies have seen particularly strong sales, with infused gummies making up 84% of candy ingestible sales so far in 2020 across Arizona, California, Colorado, Nevada and Oregon. Overall gummy sales in these 5 […]
Cannabis Legalization Prominent in 2020 Election
Six Cannabis Legalization Measures Make the November Ballot Pre-COVID-19, it appeared as though citizens in as many as 12 states would have the opportunity to vote on medical or adult-use cannabis on Nov. 3, 2020. Had that come to pass, the 2020 election could have eclipsed the monumental events of Nov. 8, 2016, when eight […]
Strong Adult-Use Growth in Canada, Medical Shrinks
Canada’s legal cannabis market has soared since the introduction of adult-use sales on Oct. 17, 2018. In 2019, sales of adult-use cannabis neared $1.2 billion while medical continued to grow nationally, though signs of a coming contraction in that channel became apparent as the year ended. Even so, the market is growing more slowly than […]
Global Cannabis Markets to Reach Nearly $20 Billion in 2020
The cannabis industry is faring remarkably well, despite – or, likely, because of – the global COVID-19 pandemic, according to BDSA’s analysis of retail sales tracking data year-to-date 2020. Nearly every jurisdiction in the United States and Canada declared cannabis an essential service and most cannabis retailers remained open during the pandemic, and consumers have […]