Using Basket Analysis to Win in Store

Apr 8, 2021 11:10:32 AM / by BDSA posted in Market Forecasts, Retail, Market Trends, Cannabis Industry, Consumer Insights, cannabis insights

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A high-level understanding of cannabis markets is key for any business looking to succeed in the industry. But as legal markets mature, those in the highly competitive cannabis retail space need a more detailed view of consumer behavior and purchasing trends to stay ahead of the curve. BDSA offers a variety of tools to help retailers and brands make informed business decisions.

Retail Sales Tracking provides a granular view of sales trends, category mix and brand/product performance in 10 U.S. cannabis markets. Consumer Insights gives a detailed look at consumer demographics, preferences and behaviors. Now, BDSA’s new Basket Analytics product gives a comprehensive view of per-transaction purchasing dynamics.

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Adult-use Legalization Spells Huge Opportunity in New York

Apr 1, 2021 10:48:06 AM / by BDSA posted in Market Forecasts, Cannabis Consumption, U.S. Cannabis, Cannabis Industry, Cannabis Sales Forecast, Cannabis Legalization

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More than two years after pledging support for cannabis legalization, New York Gov. Andrew Cuomo signed a legalization bill Wednesday morning that will pave the way for an adult-use market to be launched sometime in early 2022. The states medical program saw slow growth from its start, just reaching $111 million in sales in 2020, but the legalization of adult-use will reposition New York to be one of the biggest cannabis markets in the country by 2026.

Gov. Cuomo has signaled his openness to adult-use cannabis since early 2019, but disputes over licensure, tax rates and the allocation of cannabis revenue have blocked the progress of adult-use legalization until just last week. While previous efforts focused on using the state budget as a method to legalize, the Governor’s office and legislature agreed on a separate bill, which passed through the legislature on March 30, 2021 and was signed into law the next morning. BDSA predicts that sales will start in Q1 2022.

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Global Cannabis Sales Exceeded $21 Billion in 2020; BDSA Teams Up with Canaccord Genuity to Discuss the Latest Outlook

Mar 5, 2021 3:14:20 PM / by BDSA posted in Market Forecasts, Cannabis Consumption, U.S. Cannabis, Cannabis Industry, Cannabis Sales Forecast, Cannabis Legalization, cannabis insights

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BDSA’s Chief Executive Officer, Micah Tapman and Vice President of Insights and Analytics, Kelly Nielsen recently joined Canaccord Genuity’s Bobby Burleson for a lively discussion surrounding BDSA’s latest market forecast. Here are the highlights!

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Arizona Launches Adult-Use Sales in Record Time

Feb 9, 2021 12:48:07 PM / by BDSA posted in Market Forecasts, Cannabis Sales Forecast, Cannabis Legalization, cannabis insights

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With the launch of sales on January 22, 2021, Arizona became the 10th state with adult-use cannabis retail. The state is already home to one of the most developed medical cannabis markets in the country, as BDSA’s retail sales tracking shows that Arizona brought in over $1 billion in medical sales for 2020. While Arizona’s market will likely deal with issues that are common in new adult-use markets, such as undersupply and limited retail coverage, BDSA expects Arizona to see strong adult-use sales in 2021.

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Top 10 Cannabis Predictions of 2021

Jan 6, 2021 1:09:17 PM / by BDSA posted in Market Forecasts, Market Trends, Cannabis Industry, Market Insights, cannabis insights

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The Year Ahead – The Cannabis Industry in 2021. 

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Legal Cannabis Wins Big in 2020 Election

Nov 6, 2020 12:22:19 PM / by BDSA posted in Market Forecasts, Legal Cannabis, Cannabis Legalization, 2020, 2020 Election, cannabis insights

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Acceptance of legal cannabis is rising across the United States and the 2020 election season was an eventful one for the cannabis legalization movement.

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BDSA Forecasts Strong Growth in CBD Products In The US

Oct 15, 2020 12:23:49 PM / by BDSA posted in Market Forecasts, CBD

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Sales of products containing cannabidiol (CBD) have been brisk over the past two years, pacing rising consumer awareness of the substance and greater availability of hemp-derived CBD products beyond the regulated dispensary channel. This robust but fledgling market holds opportunities for companies already in the cannabis space, consumer packaged goods companies and makers of pharmaceuticals.

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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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