4/20 is Coming

Apr 20, 2019 11:14:19 AM / by BDSA posted in News, Market Trends, Holidays, Knowledge Center, 420, In the Media, Dispensaries, Research, Demographic and Psychographic Cannabis Research

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The holiday always stokes robust sales. But this year’s 4/20? It’s gonna be big.

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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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Pharmaceutical Versus Dispensary Cannabinoids Competition

Feb 26, 2019 6:00:46 AM / by BDSA posted in Cannabis, Knowledge Center, In the Media, Dispensaries, Legal Cannabis, Demographic and Psychographic Cannabis Research

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Epidiolex Approval Queues Up Pharmaceutical Versus Dispensary Cannabinoids Competition

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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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From AdvertisingAge: "It's Like IRI or NPD for Weed: Marijuana Gets Classic CPG-Like Market Research"

May 10, 2017 2:27:00 PM / by BDSA posted in Knowledge Center, In the Media, Data Based Decision Making, Demographic and Psychographic Cannabis Research

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By . Published on

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From Forbes: "Marijuana Prices Fall In 2016 As Growers Flood The Market With Pot"

Jan 31, 2017 11:36:18 AM / by BDSA posted in Cannabis, Data, Market Trends, Marijuana, In the Media, Market, Business

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By Debra Borchardt | Forbes.com | January 31, 2017

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From MG Retailer: "Welcome to Vapelandia! A Report on the State of the Booming Vape Industry"

Jan 20, 2017 1:24:39 PM / by BDSA posted in Cannabis, Oregon, Cannabis Infographics, BDSA Staff Highlights, Market Trends, Concentrates, Marijuana, In the Media, Market, Colorado, Vape

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By Rob Hill | January 9, 2017 | MG Retailer

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From Cannabis Business Times: "Indica, Sativa or Hybrid?" Where you live should drive what you grow.

Jan 19, 2017 3:30:53 PM / by BDSA posted in Cannabis, Oregon, News, Market Trends, Washington, Marijuana, Strain Trends, In the Media, Colorado, Data Based Decision Making, Research

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By Doug Brown | January 10, 2017 | The Cannabis Business Times

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From CommArts: "Inhale. Exhale. Enjoy the Aroma of the Next Big Market for Designers: Cannabis."

Jan 10, 2017 10:51:01 AM / by BDSA posted in BDSA Staff Highlights, Claire Kaufmann, Brands, Marijuana, In the Media, Marketing

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Mirth Provisions, Designed by Sockeye
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From MarketWatch: "Marijuana sales rose 30% in 2016 and are expected to triple in four years"

Jan 5, 2017 11:39:24 AM / by BDSA posted in Arcview, Cannabis, News, Marijuana, In the Media, Market, Research, Business

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Original article by Trey Williams | January 5, 2017

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