BOULDER, Colo. — May 5, 2020 —BDSA (formerly BDS Analytics), the leader in comprehensive, accurate and actionable cannabis market intelligence and consumer research, announced today that Illinois retail cannabis sales exceeded $188 million in the first quarter of 2020, reflecting adult-use sales of $109.96 million and medical sales of $78.2 million. This year’s sales are projected to exceed $693 million, an increase of 176%, based on top-line sales projections modeled from point-of-sale transaction records.
Why have we implemented this change?
The answer lies in the core values of our company’s foundation: the desire to constantly improve, evolve and innovate the model of excellence within our industry. These values come second only to our primary mission of helping our clients grow their business and excel within their respective markets.
As cannabis products and delivery systems continue to evolve, infused beverages are rapidly moving to the forefront– most recently marked by the announced partnership between Arizona Beverages and Dixie Brands. As of September 1, 2019, BDS Analytics market data reports 107 beverage brands in the legal dispensary channel (up from 69 in Q2 of 2018) across CA, CO, OR, AZ, and NV and BDS Analytics predicts beverage sales in the regulated dispensary channel to reach $1 billion by 2022. Here are the Top 5 canna-beverage facts from BDS Analytics:
The holiday always stokes robust sales. But this year’s 4/20? It’s gonna be big.
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.
January 1, 2018 marks an historic occasion for the cannabis industry: the start of legal adult-use sales in California. Since a substantial number of BDS Analytics employees live in California, we decided to get out on the streets and talk to consumers and industry players about it, and report it in near real time here.
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.
By Doug Brown | June 12, 2017 | For Cannabis Business Executive