Gummies on the Rise: The Rapid Growth of the Most Popular Ingestible Cannabis Product

Sep 23, 2020 11:44:58 PM / by BDSA posted in Data Deeper, Cannabis Market, Cannabis Data, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020, cannabis insights

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Infused gummies make up 84% of candy ingestible sales in 2020

While sales of ingestible cannabis have grown steadily in legal markets, candies have seen particularly strong sales, with infused gummies making up 84% of candy ingestible sales so far in 2020 across Arizona, California, Colorado, Nevada and Oregon. Overall gummy sales in these 5 states have seen strong growth in recent years, from $20 million in July 2017 to almost $64 million in July 2020, a growth rate that far exceeds that of other candy ingestibles. The familiar form factor and multitude of flavors that gummy products present make them especially appealing to consumers, who report that the product type is their favorite type of ingestible cannabis.

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Legalization Prominent in 2020 Election

Sep 15, 2020 6:36:51 PM / by BDSA posted in Data Deeper, Cannabis Market, Cannabis Data, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020, 2020 Election, cannabis insights

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Six Cannabis Legalization Measures Make the November Ballot

 

Pre-COVID-19, it appeared as though citizens in as many as 12 states would have the opportunity to vote on medical or adult-use cannabis on Nov. 3, 2020. Had that come to pass, the 2020 election could have eclipsed the monumental events of Nov. 8, 2016, when eight states passed cannabis initiatives. But COVID-19 put a damper on the legalization push in the U.S., as many ballot measures lost steam due to the inability to gather signatures in person. Campaigns for legalization persisted though shelter-in-place orders stopped many signature drives, and with an October 2019 Gallup poll showing 66% support for full legalization, those campaigns that make it to the ballot seem likely to pass.

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Strong Adult-Use Growth in Canada, Medical Shrinks

Sep 9, 2020 1:50:58 PM / by BDSA posted in Webinars, Market Forecasts, Financial Market Analysis, Cannabis Market, Canadian Cannabis Market, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020

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Canada’s legal cannabis market has soared since the introduction of adult-use sales on Oct. 17, 2018. In 2019, sales of adult-use cannabis neared $1.2 billion while medical continued to grow nationally, though signs of a coming contraction in that channel became apparent as the year ended.

Even so, the market is growing more slowly than the forecast in “The State of Legal Cannabis Markets, 8th Edition” published earlier in 2020 by Arcview Market Research and BDSA. In accordance with this slower than anticipated growth, the forecast for 2020 adult-use spending has been adjusted down to $2.1 billion from the previous forecast of $2.4 billion, while medical spending in 2020 has been adjusted down to $402 million from $470 million.

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Global Cannabis Markets to Reach Nearly $20 Billion in 2020

Sep 3, 2020 2:16:22 AM / by BDSA posted in Webinars, Market Forecasts, Financial Market Analysis, Cannabis Market, BDSA-Insights, Market Insights, Market, Cannabis Sales Forecast, 2020

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The cannabis industry is faring remarkably well, despite – or, likely, because of – the global COVID-19 pandemic, according to BDSA’s analysis of retail sales tracking data year-to-date 2020.

Nearly every jurisdiction in the United States and Canada declared cannabis an essential service and most cannabis retailers remained open during the pandemic, and consumers have continued shopping, though their behaviors have changed somewhat during the crisis.

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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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Cannabis Retail Opportunities Abound

Oct 25, 2019 5:57:36 PM / by BDSA posted in Cannabis Specialty Stores, Cannabis, Cannabis Consumption, Cannabis Data, Market Trends, BDSA-Insights, Cannabis Sales, Cannabis Retail, Marijuana, Cannabis Retailers, Market, Cannabis Consumer Research, Cannabis Consumer, Legal Cannabis

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Cannabis is perhaps the most exciting retail opportunity to hit U.S. markets in decades. The lucrative combination of rapid sales growth, an ever-expanding customer base and government-enforced protection against mass-retail has resulted in a unique market that is unlikely to be replicated anytime soon.

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Pre-Rolls Rising and Falling

Jun 19, 2017 11:35:03 AM / by BDSA posted in Cannabis, Oregon, News, Market Trends, Washington, Marijuana, Market, Colorado

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Pre-rolled joints experienced huge growth during 2016, with sales of $158 million between Colorado, Washington and Oregon, representing growth of 149 percent compared to 2015. In Colorado, sales were up by 61 percent, in Washington by 278 percent and in Oregon by a jaw-dropping 282 percent.

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'In the Weeds' Episode 13: The Frontier of Cannabis Promotion Featuring Lee Henderson, Co-Founder of HiFi Farms

May 9, 2017 9:40:44 AM / by BDSA posted in Cannabis, Oregon, Retail, Doug Brown, BDSA Staff Highlights, Claire Kaufmann, Brands, Marijuana, 420, Market, Marketing, In the Weeds Podcast, Business

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Today on 'In the Weeds' visit the frontier of cannabis promotion. Modern rock act, "Portugal. The Man" has teamed up with international ad agency Wieden + Kennedy and Oregon-based cannabis grower HiFi Farms to release "Feel It Still," a custom, packaged pre-roll blend designed to pair with the band's new single. The cannabis blend will be available at all Serra and Electric Lettuce locations across Oregon. Listen and learn how HiFi developed the strain, how they launched it and if it is actually generating a return!

Listen to the latest podcast here.

 
Want to see the video first?

About Lee Henderson

Lee Henderson is Co-Founder and currently the Community Relations Director of HiFi Farms located just outside Portland, Oregon. HiFi was recently named the "coolest cannabis farm in Oregon," by Esquire Magazine. Prior to founding HiFi, Lee spend time in the music industry, founding Slow Records in 2011. His ability to bring people together and his talent for event production make him a stand-out in the cannabis industry. 

Listen to the latest podcast here.

Today on "In the Weeds:"

Who came up with this idea? How did you cultivate buy-in?
You are sitting at the intersection of creativity and cannabis, how is HiFi leading the way in this space? 
Do you find performers are interested in sharing their experience with cannabis and how it contributes to their art?
So, how did you develop the strain and how does it make you feel?
How does the strain reflect the mood of the song?
Is this something you intend on doing with more artists going forward?
How is the pre-roll selling? Would you say this is a worth-while endeavor from a business standpoint?

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420 Special Webinar - Optimize Sales for your Dispensary or Brand - April 13th, 2017 - 12-1 PST

Apr 3, 2017 6:17:30 PM / by BDSA posted in Cannabis, Webinars, Edibles, Market Trends, Concentrates, Marijuana, Knowledge Center, Market, Dispensaries, Data Based Decision Making, Research, Business

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BDS Analytics Free Webinar

When Christmas Comes in April...
How to Optimize 420 Sales for Your Dispensary or Brand
Thursday, April 13th, 1-2pm MT, 12-1pm PST

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What's Hot and What's Not? Attend our Market Overview Webinar, March 16th 1-2pm MT

Feb 23, 2017 12:46:34 PM / by BDSA posted in Cannabis, Webinars, Edibles, Market Trends, Concentrates, Marijuana, Knowledge Center, Market, Dispensaries, Data Based Decision Making, Research, Business

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BDS Analytics Free Webinar

Cannabis Market Overview:
What’s Hot and What’s Not?
Thursday, March 16th, 1-2pm MT

Do you know what' s hot and what's not in the cannabis industry? Join BDS Analytics for 30 minute informational webinar covering the state of the legal cannabis market.  We will be presenting an overview of the Colorado, Oregon and Washington markets discussing sales growth, key product trends and industry insights. The webinar will also cover a live demonstration of BDS’s Green Edge platform, providing retailers and manufacturers with the tools to make data driven decisions quickly and effectively.  Don’t miss out on this amazing opportunity, reserve your free spot today!

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