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Arizona Launches Adult-Use Sales in Record Time

Feb 9, 2021 12:48:07 PM / by BDSA posted in Market Forecasts, Cannabis Sales Forecast, Cannabis Legalization, cannabis insights

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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 market will likely deal with issues that are common in new adult-use markets, such as undersupply and limited retail coverage, BDSA expects Arizona to see strong adult-use sales in 2021.

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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

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With the results of the 2020 election finalized, one of the clear winners was the cannabis industry, with every legalization proposal on the ballot passing. Voters in 2020 showed that cannabis legalization has grown in popularity to the point that it is no longer a partisan issue, but the progress seen in legalization at the state level has been accompanied largely by inaction at the federal level. The election of Joe Biden to the presidency and the recent progress of cannabis legislation in the House of Representatives give hope that the gridlock on nationwide cannabis reform may be coming to an end in 2021.

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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

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The Year Ahead – The Cannabis Industry in 2021. 

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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

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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 2025and 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. 

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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

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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.

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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

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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.

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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

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Acceptance of legal cannabis is rising across the United States and the 2020 election season was an eventful one for the cannabis legalization movement.

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BDSA Forecasts Strong Growth in CBD Products In The US

Oct 15, 2020 12:23:49 PM / by BDSA posted in Market Forecasts, CBD

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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.

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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

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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.

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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

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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.

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