Expectations for Federal Cannabis Reform in 2021
Jan 19, 2021 9:39:02 AM / by BDSA posted in U.S. Cannabis, Cannabis Industry, Cannabis Legalization, cannabis insights
Top 10 Cannabis Predictions of 2021
Jan 6, 2021 1:09:17 PM / by BDSA posted in Market Forecasts, Market Trends, Cannabis Industry, Market Insights, cannabis insights
The Year Ahead – The Cannabis Industry in 2021.
In-Depth Look at Cannabis Beverages
Dec 14, 2020 4:28:30 PM / by BDSA posted in Edibles, Cannabis Consumption, Market Insights, Cannabinoid Beverages, Cannabis Consumer
Cannabinoid beverages are a hot topic, drawing considerable attention from both existing legal cannabis players and participants in the broader consumer packaged goods markets. Total spending on legal cannabis in the United States is set to more than double to $34.5 billion by 2025—and the edibles product category, including beverages, is outpacing that rise considerably. In Canada, where edibles just made their debut late last year, the category is growing much faster than the overall market, which is forecast to reach $6.1 billion in 2025.
BDSA Webinar Recap - EAT: Insights into the Edibles Market
Dec 4, 2020 1:48:29 PM / by BDSA posted in Edibles, Cannabis Consumption, Market Insights, Cannabis Gummies, Cannabis Consumer, Gummies
Cannabis edibles are a key driver of legal cannabis sales, accounting for 15% of total spending at present. That share is forecast to increase over time: By 2025, sales of edibles are expected to grow to 2.4 times 2020 sales volume versus 2.1 times growth in the total legal cannabis market—where sales are forecast to expand from $16.2 billion in 2020 to $34.5 billion in 2025.
Vape Sales Rebound, but Still Lose Ground to Other Inhalables
Nov 16, 2020 4:13:25 PM / by BDSA posted in Cannabis Consumption, Market Insights, Cannabis Consumer, Vape
Cannabis vapes had been the fastest growing product category in legal markets until late 2019, with total monthly sales across Arizona, California, Colorado, Nevada and Oregon growing from $64 million in January 2018 to almost $160 million by August 2019.
Legal Cannabis Wins Big in 2020 Election
Nov 6, 2020 12:22:19 PM / by BDSA posted in Market Forecasts, Legal Cannabis, Cannabis Legalization, 2020, 2020 Election, cannabis insights
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
Oct 15, 2020 12:23:49 PM / by BDSA posted in Market Forecasts, CBD
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.
BDSA Launches Retail Sales Tracking in Canada
Oct 8, 2020 10:29:20 AM / by BDSA posted in Data Deeper, Cannabis Market, Canadian Cannabis Market, Cannabis Data, BDSA-Insights, Cannabis Sales, Market Insights, Market, Cannabis Sales Forecast, cannabis insights
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) in spending in 2020 and grow to CAD$8.1 billion in 2025, rising at a compound annual growth rate of 20%. Canada’s market is divided into the medical and adult-use channels, with the latter commencing sales in October 2018. Consumer spending in the adult-use channel has grown rapidly since launch and is expected to account for nearly 84% of Canada’s total legal cannabis market in 2020.
The 'It's Complicated' Relationship between Cannabis and Alcohol
Oct 1, 2020 11:11:14 AM / by BDSA posted in Data Deeper, Cannabis Market, Cannabis Data, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020, cannabis insights
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 innovation are three factors influencing beverage alcohol consumption.
Gummies on the Rise: The Rapid Growth of the Most Popular Ingestible Cannabis Product
Sep 23, 2020 11:44:58 PM / by BDSA posted in Data Deeper, Cannabis Market, Cannabis Data, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020, cannabis insights
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 states have seen strong growth in recent years, from $20 million in July 2017 to almost $64 million in July 2020, a growth rate that far exceeds that of other candy ingestibles. The familiar form factor and multitude of flavors that gummy products present make them especially appealing to consumers, who report that the product type is their favorite type of ingestible cannabis.