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 […]
COVID-19 Impact on U.S. Cannabis Markets
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Cannabis Retail Opportunities Abound
Cannabis is perhaps the most exciting retail opportunity to hit U.S. markets in decades. The lucrative combination of rapid sales growth, an ever-expanding customer base and government-enforced protection against mass-retail has resulted in a unique market that is unlikely to be replicated anytime soon.
Pre-Rolls Rising and Falling
Pre-rolled joints experienced huge growth during 2016, with sales of $158 million between Colorado, Washington and Oregon, representing growth of 149 percent compared to 2015. In Colorado, sales were up by 61 percent, in Washington by 278 percent and in Oregon by a jaw-dropping 282 percent.
‘In the Weeds’ Episode 13: The Frontier of Cannabis Promotion Featuring Lee Henderson, Co-Founder of HiFi Farms
Today on ‘In the Weeds’ visit the frontier of cannabis promotion. Modern rock act, “Portugal. The Man” has teamed up with international ad agency Wieden + Kennedy and Oregon-based cannabis grower HiFi Farms to release “Feel It Still,” a custom, packaged pre-roll blend designed to pair with the band’s new single. The cannabis blend will be […]