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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Top 10 Ways People Are Consuming Cannabis in 2018

Sep 24, 2018 3:56:49 PM / by BDSA posted in Edibles, Market Trends, Concentrates, Knowledge Center

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How many products contain cannabis? Hundreds. Flower – of course – and pre-rolls. Vape pens and concentrates like shatter and Live Resin. Creams and massage oils. Chocolate chip cookies, coffee sodas, pills, strawberry taffy, powders for adding to hot tea or cold juice. Companies are rolling out a myriad of new products in pot-friendly states every week — it’s remarkable.

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Flower, Where Have You Gone?

Jun 29, 2018 5:42:33 PM / by BDSA posted in Edibles, Market Trends, Knowledge Center

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The recently launched industry intelligence publication, The State of Legal Marijuana Markets, 6th Edition, points out in its sweeping analysis of worldwide cannabis markets one trend that is likely to continue -- the slow, but inexorable decline of flower’s reign on legal retail.

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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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California's Race to the Pot of Green Gold

Apr 25, 2018 11:09:21 AM / by BDSA posted in Edibles, California Cannabis

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California’s Race to the Pot of Green Gold

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California Out Of The (Golden) Gate: A Green Tide

Mar 22, 2018 8:24:41 PM / by BDSA posted in Edibles, Market Trends, Concentrates, Knowledge Center, Gummies, California Cannabis, Vape

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The path towards California’s cannabis pot of gold may be lined in green — moolah and ganja. But the legal commercial ferment could even be more effervescent - the pot of gold that much heavier - if not for regulations and taxes.

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How in the World Will People Consume $57 Billion Worth of Legal Cannabis?

Mar 13, 2018 12:34:00 PM / by BDSA posted in Germany, Edibles, Market Trends, Concentrates, Chocolate, Knowledge Center

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How in the World Will People Consume $57 Billion Worth of Legal Cannabis? Every Which Way They Can Imagine!

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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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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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