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

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Cannabis consumers are a diverse group, as clearly demonstrated by BDSA’s consumer research. At the highest level, BDSA divides respondents into:

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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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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

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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.

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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

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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.

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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

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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.

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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

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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.

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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

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State Status

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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

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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:

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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

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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.

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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

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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.

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