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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Gummies Are as Popular as Ever

Jul 22, 2019 4:49:19 PM / by BDSA posted in Cannabis Candy, Cannabis, Edibles, CBD, Chocolate Bars, Canadian Cannabis Market, Cannabis Consumption, Market Trends, Cannabis Sales, Marijuana, Knowledge Center, Cannabis Gummies, Colorado, Cannabis Ingestible, Gummies, Cannabinoids

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Cannabis Ingestibles cover a lot of ground, including everything from pills to slices of pie to bottles of THC-infused cold-brewed coffee. But one style of ingestible dominates the market: the gummy.

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Top 10 Trends in Cannabis for 2019 (Mid-Year Update)

Jan 30, 2019 2:25:31 PM / by BDSA posted in Edibles, Canadian Cannabis Market, Concentrates, Knowledge Center, Colorado, Demographic and Psychographic Cannabis Research

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--Updated August 2019--

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From Sand to Snow — Californians, Coloradans Fire-Up Different Weed Styles

Nov 20, 2018 10:41:32 AM / by BDSA posted in Market Trends, Strain Trends, Colorado, California Cannabis

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They share plenty — western states with rugged mountains, lots of free spirits, a passion for craft brewing and loads of legal cannabis. But when it comes to marijuana, California and Colorado are not twins. California’s legal cannabis market is much larger (it’s the biggest in the world). And pot grows like a weed outdoors in much of the state; in high, dry Colorado outdoor cultivation is a tougher challenge.

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Today's Edibles Marketplace - Mouth Watering Options Abound

Oct 26, 2018 5:45:53 PM / by BDSA posted in Edibles, Canadian Cannabis Market, Concentrates, Knowledge Center, Colorado

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With companies creating everything from sleep-enhancing pills to brownies, butters, carbonated lemon-lime drinks and bags of caramel corn, the edibles marketplace is the most dynamic marketplace within cannabis. It’s not the biggest — that’s flower — nor the fastest-growing – that’s concentrates, but no other large cannabis category competes with edibles’ range of product diversity. It’s a cannabis cornucopia.

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Colorado vs California – The Tale of the Tape

Aug 20, 2018 2:42:06 PM / by BDSA posted in Cannabis Infographics, Colorado, Cannabis Consumer Research, California Cannabis

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A heavyweight battle. January-June, 2018. Two superstars itching to jump into the preverbal cannabis ring. But first, we need to size up our competitors.

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What's Hot in Pot Retail

May 30, 2018 2:52:15 PM / by BDSA posted in Edibles, Cannabis Infographics, Canadian Cannabis Market, BDSA Staff Highlights, Market Trends, Concentrates, Knowledge Center, Colorado, Demographic and Psychographic Cannabis Research

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Summer 2018 will bring more than warmer temperatures — the season will also turn up the heat on the cannabis market. As Colorado and Washington enter their fifth summer of legal recreational cannabis sales, and California prepares for its first, it is time to examine What’s Hot in Pot(TM).

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Pre-Rolls Rising and Falling

Jun 19, 2017 11:35:03 AM / by BDSA posted in Cannabis, Oregon, News, Market Trends, Washington, Marijuana, Market, Colorado

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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.

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The State of Strains

May 30, 2017 9:24:06 AM / by BDSA posted in Cannabis, Oregon, Cannabis Data, Washington, Strain Trends, Knowledge Center, Blue Dream, Colorado

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The dispensary marketplace is a lively bazaar, with established brands and entrepreneurs every day coming up with new products — everything from chewing gums to nasal sprays to CBD-packed concentrates and massage lotions.

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From Cannabis Business Executive: "It’s tea time for the cannabis market"

May 10, 2017 2:42:46 PM / by BDSA posted in Cannabis, Oregon, Edibles, Knowledge Center, In the Media, Colorado, Data Based Decision Making, Business

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Cannabis with your cup of tea?

Increasingly, consumers are saying, “Yes, please.”

Cannabis-infused tea drinks are hot in the marketplace, and the thirst for pot tea is a fairly new phenomenon. According to data from BDS Analytics, a leading source of consumer data in the cannabis industry, it’s a 2017 thing.

The tea category captured a small sliver of the beverage market in 2016.

In 2016 between Colorado, Washington and Oregon, tea represented a small — 2 percent ($351,000 in sales) — share of the $20.09 million beverage market. Tea data for 2015 is roughly the same; the category grew by just 2.5 percent between 2015 and 2016.

But so far in 2017 (with data through March in Oregon, February in Colorado and January in Washington) we find tea capturing 8 percent of the $3.10 million beverage market, with $250,000 in sales. For all of last year, dispensaries sold just $351,000 worth of tea products — at this rate, sales of tea in 2017 will quickly surpass last year’s mark.

During just January and February alone in Colorado, tea sales rose sharply.

Let’s consider the states. In Colorado last year, tea sales represented 2 percent of the market, on $198,000 in sales. So far this year? January and February alone have seen $197,000 in tea sales, just $1,000 behind sales from all of last year. And tea’s market share in Colorado has risen from 2 percent in 2016 to 9 percent so far in 2017.

Tea sales in Oregon have rocketed up dramatically during the first three months of 2017, with sales during the time period tripling sales for all of 2016.

In Oregon last year, dispensaries sold $13,000 worth of tea, and the category claimed just 1 percent of Oregon’s $1.47 million beverage market. But sales in Oregon through March of this year, at $42,000, have already more than tripled all of last year’s sales. And now tea holds 20 percent of the state’s beverage market. One caveat: Adult-use dispensaries in Oregon last year could only sell flower until June. So for the first half of the year, data for things like concentrates and edibles, including tea, represent only sales at medical shops. Either way, Oregonians passion for tea has clearly taken off in 2017, rising from just 2 percent of the beverage market in January, to 24 percent in February ($16,000 in sales) and up to 27 percent ($24,000 in sales) in March.

The tea trend has not caught on in Washington, where market share in January of this year of 2 percent (on sales of $140,000) is the same as tea’s market share for all of 2016. In the past four months, sales of coffee products have overtaken tea demonstrating Washington’s known affinity for coffee.

Compared to market behemoths like flower, candy and pre-filled vaporizer cartridges, tea remains a teacup amidst barrels. At the rate it is growing, however, the dainty cup might soon morph into something more like a thermos. One thing is for sure: the trend is warming the hearts of cannabis tea entrepreneurs in Colorado and Oregon.

Read the original article here.

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