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.
Using Basket Analysis to Win in Store
A high-level understanding of cannabis markets is key for any business looking to succeed in the industry. But as legal markets mature, those in the highly competitive cannabis retail space need a more detailed view of consumer behavior and purchasing trends to stay ahead of the curve. BDSA offers a variety of tools to help […]
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 […]
Top 10 Cannabis Predictions of 2021
The Year Ahead – The Cannabis Industry in 2021.
Legal Cannabis Wins Big in 2020 Election
Acceptance of legal cannabis is rising across the United States and the 2020 election season was an eventful one for the cannabis legalization movement.
BDSA Forecasts Strong Growth in CBD Products In The US
Sales of products containing cannabidiol (CBD) have been brisk over the past two years, pacing rising consumer awareness of the substance and greater availability of hemp-derived CBD products beyond the regulated dispensary channel. This robust but fledgling market holds opportunities for companies already in the cannabis space, consumer packaged goods companies and makers of pharmaceuticals.
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 […]