What is Driving the Surge in Per Capita Cannabis Spending?

Aug 4, 2020 4:05:32 PM / by BDSA posted in Cannabis, Edibles, CBD, Canadian Cannabis Market, Cannabis Data, Market Trends, BDSA-Insights, Cannabis Sales, Marijuana, Knowledge Center, 420, Colorado, Cannabis Consumer Research, Cannabis Consumer, Gummies, Cannabinoids, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Business

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When Colorado first launched adult-use (recreational) sales in 2014, the existing medical market opened up to a wave of new consumers, including those from the sizable illicit market as well as new consumers who previously had little or no experience with cannabis.

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Understanding the CBD Consumer

Jul 30, 2020 8:20:08 AM / by BDSA posted in Cannabis, CBD, Canadian Cannabis Market, Cannabis Consumption, Cannabis Data, Market Trends, Brands, BDSA-Insights, Knowledge Center, 420, Cannabis Consumer Research, Cannabis Consumer, Cannabinoids, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Business, CBC, CBG, THCV, CBN

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The popularity of CBD products has exploded in the U.S. in recent years, with sales in the U.S. cannabis dispensary channel alone rising from $8.4 million in May 2016 to $56.9 million in May 2020. And hemp-derived CBD products, containing less than 0.3% THC, are increasingly available via general retail channels, though CBD ingestibles are still officially off limits for sale in general retail channels in the U.S. and most other jurisdictions.

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Beyond THC: The Cannabinoid Renaissance

Jul 23, 2020 11:48:46 AM / by BDSA posted in Cannabis, CBD, Canadian Cannabis Market, Cannabis Consumption, Cannabis Data, Market Trends, Brands, BDSA-Insights, Knowledge Center, 420, Cannabis Consumer Research, Cannabis Consumer, Cannabinoids, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Business, CBC, CBG, THCV, CBN

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The legal cannabis market has exploded in recent years, with sales in the U.S. reaching an estimated $12.4 billion in 2019, forecast to rise to $31 billion by 2024. The market for cannabidiol (CBD) has also grown rapidly, with U.S. sales totaling $2.6 billion in 2019, on track to reach $18 billion by 2024. While THC and CBD are the most widely known and marketed compounds found in Cannabis sativa, a few of the other 113 currently identified cannabinoids show potential for therapeutic and recreational applications and have attracted the attention of both researchers and those in the industry.

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Due-Diligence Is Key for Betting on Cannabis in Nevada

Nov 26, 2019 4:38:58 PM / by BDSA posted in Cannabis, Edibles, Cannabis Data, Market Trends, Concentrates, Cannabis Retail, Marijuana, Knowledge Center, Nevada, Consumer Insights, Demographics, Legal Cannabis, Data Based Decision Making

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The Nevada cannabis market is unique among states with legal recreational cannabis regimes. The role of tourism plays a big role in shaping retail trends. The concentration of sales in urban centers stands apart. And the state’s regulatory framework offers benefits and challenges for cannabis companies and investors.

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Will Global Legal Cannabis Spending Exceed $40 Billion by 2024?

Jun 20, 2019 1:01:50 AM / by BDSA posted in Cannabis, CBD, Financial Market Analysis, BDSA-Insights, Knowledge Center, Legal Cannabis, Data Based Decision Making

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Consumer spending on legal cannabis worldwide reached $10.9 billion in 2018. This number is especially significant considering the variables at play: the California market transition from lightly regulated medical-only to fully regulated adult-use; the maturation of first-in, adult-use markets in Colorado and Washington; and the lackluster rollout of legal adult-use cannabis in Canada. As legalization continues to spread, the global market is expected to grow at a compound annual growth rate (CAGR) of 24% between the end of 2018 and 2024, reaching $40.6 billion. So yes, the worldwide cannabis market will hit a staggering $40+ billion within 5 years.

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What Was Hot in Pot in 2018: Top 10 Cannabis Product Trends

Dec 21, 2018 10:22:26 AM / by BDSA posted in Edibles, Cannabis Infographics, BDSA Staff Highlights, Market Trends, Concentrates, Knowledge Center, Data Based Decision Making, Demographic and Psychographic Cannabis Research

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When Colorado kicked-off legal adult-use cannabis sales in the United States in 2014, unbranded flower fully dominated the marketplace, capturing more than 60 percent of all sales. Concentrates, edibles and topicals were far behind.

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A Budding Romance: Cannabis Lovers Embrace Valentine’s Day

Feb 14, 2018 8:30:22 AM / by BDSA posted in Edibles, Valentine's Day, Chocolate, Knowledge Center, Gummies, Data Based Decision Making, Demographic and Psychographic Cannabis Research

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It Might Not Get You Buzzed (On Its Own), But Consumers Are High on CBD

Feb 7, 2018 11:15:59 AM / by BDSA posted in Edibles, Candy, CBD, Market Trends, Concentrates, Chocolate, Knowledge Center, Gummies, Data Based Decision Making

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Cannabis Consumers are Happy Campers

Jun 6, 2017 11:52:47 AM / by BDSA posted in Cannabis, Career, Cannabis Infographics, News, Marijuana, Demographics, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Linda Gilbert

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FOR IMMEDIATE RELEASE:

Cannabis Consumers Are Happy Campers

Cannabis Wellness Trends

Public support for cannabis legalization is stronger today than ever before, yet the “stoner” stereotype — apathetic, unsuccessful, flaky — persists.

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Cannabis Consumers are Happy Campers!

Jun 6, 2017 11:52:47 AM / by BDSA posted in Cannabis, Career, Cannabis Infographics, News, Marijuana, Demographics, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Linda Gilbert

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FOR IMMEDIATE RELEASE:

Cannabis Consumers Are Happy Campers

Cannabis Wellness Trends

Public support for cannabis legalization is stronger today than ever before, yet the “stoner” stereotype — apathetic, unsuccessful, flaky — persists.

Read More

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