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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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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