Worldwide sales of legal cannabis re-accelerated in 2019, growing nearly 46% to almost $15 billion. The increase represents the largest yearly sales gain since Colorado launched adult-use sales in January, 2014. The growth is further magnified when compared to 2018, which only saw 17% growth.
2019 Was a Big Year for Legal Cannabis
Jan 31, 2020 11:13:24 AM / by BDSA posted in Industry Intelligence, Market Forecasts, U.S. Data, Cannabis Sales, Cannabis Retail, Knowledge Center
Top Questions Coming Out of 2019 MJBizCon
Dec 20, 2019 12:16:53 PM / by BDSA posted in Industry Intelligence, Cannabis, BDSA Staff Highlights, Cannabis Data, BDSA-Insights, Events, Cannabis Consumer Research, Cannabis Consumer
Like many exhibitors and presenters at MJBizCon, we came away from the event invigorated by the hundreds of conversations we had with current & prospective clients. The exhibition floor was bustling, and the questions posed to us throughout the 3-day event certainly reaffirms what we already know: the industry is GROWING – but the where, who & how is still very much TBD.
CBD: Cannabidiol Breaks Out of the Legal Dispensary Channel
Sep 12, 2019 11:26:54 AM / by BDSA posted in Industry Intelligence, Edibles, Dispensary, CBD, Market Trends, Concentrates, U.S. Data, BDSA-Insights, Consumer Insights, Cannabis Consumer Research, Cannabidiol, Cannabinoids
The latest Cannabis Intelligence Briefing from Arcview Market Research and BDS Analytics: CBD: Cannabidiol Escapes the Dispensary details CBD’s move from legal cannabis dispensaries to the general retail market. At present, the bulk (65%) of the $1.9 billion in annual spending on CBD products in the U.S. takes place through licensed dispensaries in legal cannabis states.
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
Inspired by the Cannabis Intelligence Briefing Series Report:
Top 10 Ways People Are Consuming Cannabis in 2019
Jul 26, 2019 11:57:52 AM / by BDSA posted in Industry Intelligence, Edibles, CBD, Cannabis Chocolate, Cannabis Consumption, Market Trends, Concentrates, BDSA-Insights, Cannabis Sales, Cannabis Flower, Cannabis Dropper, Knowledge Center, Cannabis Gummies, Dropper, Cannabis Consumer, Gummies, 2019, Vape
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 myriad new products in pot-friendly states every week — it’s remarkable.
BDS Analytics' Top 5 Insights: The Impact of Cannabis on the OTC and Prescription Drug Channels
Jul 2, 2019 2:43:18 PM / by BDSA posted in Industry Intelligence, Cannabis OTC, Cannabis Dispensaries, OTC, Market Trends, BDSA-Insights, Knowledge Center, Consumer Insights, Demographic and Psychographic Cannabis Research, Cannabis Dispensary, Business
As more U.S. states move towards legalization, cannabis consumers are taking advantage of the unique opportunity to address medical needs through the available products at their local dispensaries. Though medical cannabis is generally not covered by most U.S. insurance plans, trends indicate increased use of cannabis as an alternative to more traditional forms of medication. Here are BDS Analytics' Top 5 Insights into the impact of legal cannabis sales on the over-the-counter (OTC) and prescription drug channels: