Strong Adult-Use Growth in Canada, Medical Shrinks

Sep 9, 2020 1:50:58 PM / by BDSA posted in Webinars, Market Forecasts, Financial Market Analysis, Cannabis Market, Canadian Cannabis Market, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020

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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 the forecast in “The State of Legal Cannabis Markets, 8th Edition” published earlier in 2020 by Arcview Market Research and BDSA. In accordance with this slower than anticipated growth, the forecast for 2020 adult-use spending has been adjusted down to $2.1 billion from the previous forecast of $2.4 billion, while medical spending in 2020 has been adjusted down to $402 million from $470 million.

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Global Cannabis Markets to Reach Nearly $20 Billion in 2020

Sep 3, 2020 2:16:22 AM / by BDSA posted in Webinars, Market Forecasts, Financial Market Analysis, Cannabis Market, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020

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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 continued shopping, though their behaviors have changed somewhat during the crisis.

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California’s Cannabis Industry is Ready to Realize Its Full Potential

Aug 15, 2019 8:17:56 AM / by BDSA posted in Arcview, Industry Intelligence, Cannabis, Financial Market Analysis, Adult Use Market, BDSA-Insights, Consumer Insights, Cannabis Consumer, California Cannabis

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Inspired by the Cannabis Intelligence Briefing Series Report:

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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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A More Conservative View of Canadian Cannabis Market Growth

Apr 9, 2019 7:30:07 AM / by BDSA posted in Financial Market Analysis, Canadian Cannabis Market, Cannabis Data, Knowledge Center, In the Media

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Our research on the roll-out of adult-use legalization in Canada, published today in the Cannabis Intelligence Briefing titled Canada Leads the Way on Global Cannabis Legalization, is the first research of its kind. The report models each of the 10 Canadian provinces individually. At a countrywide-level, consumer spending is now forecast to grow from $569 million in 2018 to $5.2 billion in 2024.

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Cannabis in 2018: The Ups & Downs of Legalization

Jan 18, 2019 11:56:20 AM / by BDSA posted in Financial Market Analysis, News, Market Trends

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The worldwide legal cannabis industry saw massive changes in 2018, as detailed in the 2019 Update to “The State of Legal Marijuana Markets, 6th Edition” (SOLMM6), published January 15, 2019. We had in that original report forecast the market to hit $12.9 billion; but, in the final reckoning of the year, re-estimated spending to only reach $12.2 billion. Worldwide spending is now forecast to grow 39% to $17 billion in 2019, and to reach $31.6 billion in 2022 – an average compound annual growth rate (CAGR) of 26% from 2017-2022.

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America’s Own Homegrown Industry

Jun 12, 2018 4:13:37 PM / by BDSA posted in Financial Market Analysis, Market Trends, Knowledge Center, Demographic and Psychographic Cannabis Research

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It all begins with the humble plant.

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Jan. 25 Webinar: Top 10 Cannabis Industry Trends of 2018

Jan 16, 2018 5:59:00 PM / by BDSA posted in Webinars, Financial Market Analysis, BDSA Staff Highlights, Knowledge Center

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The Cannabis Industry Webinar Series

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News Release: BDS Analytics and ArcView Market Research Partner for "The State of the Legal Marijuana Markets - 5th Edition"

Jan 3, 2017 2:05:53 PM / by BDSA posted in Financial Market Analysis, News, In the Media

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North American Marijuana Sales to Top $20.2 Billion by 2021, Grew 30 Percent in 2016

New methodology to Arcview’s annual projections based on new POS transaction data, first time Canada included

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From Forbes: "Marijuana Sales Totaled $6.7 Billion In 2016"

Jan 3, 2017 10:33:54 AM / by BDSA posted in Arcview, Financial Market Analysis, Concentrates, Marijuana, In the Media, Market, Data Based Decision Making, Research

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Original article from Forbes by Debra Borchardt | Jan. 3, 2017

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