Cannabis consumers are a diverse group, as clearly demonstrated by BDSA’s consumer research. At the highest level, BDSA divides respondents into:
BDSA Consumer Research Identifies 10 Segments of Diverse Cannabis Consumers and Non-Consumers
Aug 12, 2020 12:40:59 PM / by BDSA posted in Cannabis Consumption, Brands, Cannabis Sales, Knowledge Center, 420, Consumer Insights, Cannabis Consumer Research, Cannabis Consumer, Cannabinoids, Business, Acceptors
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
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.
Understanding the CBD Consumer
Jul 30, 2020 8:20:08 AM / by BDSA posted in Cannabis, CBD, Canadian Cannabis Market, Cannabis Consumption, Cannabis Data, Market Trends, Brands, BDSA-Insights, Knowledge Center, 420, Cannabis Consumer Research, Cannabis Consumer, Cannabinoids, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Business, CBC, CBG, THCV, CBN
The popularity of CBD products has exploded in the U.S. in recent years, with sales in the U.S. cannabis dispensary channel alone rising from $8.4 million in May 2016 to $56.9 million in May 2020. And hemp-derived CBD products, containing less than 0.3% THC, are increasingly available via general retail channels, though CBD ingestibles are still officially off limits for sale in general retail channels in the U.S. and most other jurisdictions.
Beyond THC: The Cannabinoid Renaissance
Jul 23, 2020 11:48:46 AM / by BDSA posted in Cannabis, CBD, Canadian Cannabis Market, Cannabis Consumption, Cannabis Data, Market Trends, Brands, BDSA-Insights, Knowledge Center, 420, Cannabis Consumer Research, Cannabis Consumer, Cannabinoids, Data Based Decision Making, Demographic and Psychographic Cannabis Research, Business, CBC, CBG, THCV, CBN
The legal cannabis market has exploded in recent years, with sales in the U.S. reaching an estimated $12.4 billion in 2019, forecast to rise to $31 billion by 2024. The market for cannabidiol (CBD) has also grown rapidly, with U.S. sales totaling $2.6 billion in 2019, on track to reach $18 billion by 2024. While THC and CBD are the most widely known and marketed compounds found in Cannabis sativa, a few of the other 113 currently identified cannabinoids show potential for therapeutic and recreational applications and have attracted the attention of both researchers and those in the industry.
Growing Acceptance of Legal Cannabis and the Impact on Ingestibles
Jul 16, 2020 8:03:17 AM / by BDSA posted in Cannabis, Edibles, CBD, Canadian Cannabis Market, Market Trends, BDSA-Insights, Knowledge Center, Cannabis Consumer Research, Cannabis Consumer, Gummies, Cannabinoids, Demographic and Psychographic Cannabis Research, Cannabis Legalization, 2025
Global legal cannabis spending is forecast to reach $47 billion in 2025, a number too big to ignore for many companies and industries. The U.S. will continue to be the largest global market, driven by more and more adult use markets opening.
BDSA Launches Illinois Retail Sales Tracking
May 1, 2020 7:38:42 AM / by BDSA posted in Illinois, Cannabis, Illinois Cannabis Market, News, Cannabis Consumption, Market Trends, Brands, BDSA-Insights, Knowledge Center, 420, Cannabis Consumer Research, Demographics, Cannabis Consumer, Cannabinoids, Business
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.
COVID-19 Impact on U.S. Cannabis Markets
Apr 1, 2020 1:00:32 PM / by BDSA posted in Market Forecasts, Data, Cannabis Market, Canadian Cannabis Market, Cannabis Data, Market Trends, BDSA-Insights, Cannabis Retail, Marijuana, U.S. Cannabis, Knowledge Center, Market, Consumer Insights, Cannabis Consumer Research, Cannabis Consumer, Cannabis Sales Forecast, COVID-19, Business
State Status
How Will "Cannabis 2.0" Affect the Legal Canadian Market?
Feb 18, 2020 10:23:13 AM / by BDSA posted in Webinars, Market Forecasts, Canadian Cannabis Market, Market Trends, Cannabis Retail, Knowledge Center, Consumer Insights, Cannabis Sales Forecast
As part of our partnership with ACCRES, BDS Analytics' President and Co-Founder, Liz Stahura, recently presented a Cannabis 2.0 webinar for Canadian Retailers. Here are our Top Five takeaways:
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
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.
Due-Diligence Is Key for Betting on Cannabis in Nevada
Nov 26, 2019 4:38:58 PM / by BDSA posted in Cannabis, Edibles, Cannabis Data, Market Trends, Concentrates, Cannabis Retail, Marijuana, Knowledge Center, Nevada, Consumer Insights, Demographics, Legal Cannabis, Data Based Decision Making
The Nevada cannabis market is unique among states with legal recreational cannabis regimes. The role of tourism plays a big role in shaping retail trends. The concentration of sales in urban centers stands apart. And the state’s regulatory framework offers benefits and challenges for cannabis companies and investors.