Latest Arcview/BDS Data: Cannabis Consumer Spending Outpaces Industry Estimates

Jenny Carbon, Always Greener Redmond, WA

NEW YORK: Arcview Market Research reports that consumer spending on legal cannabis in North America is outpacing previous estimates. The report indicates that retail cannabis sales will grow 33% from 2016 to nearly $10 billion this year. By 2021 the legal market is expected to reach $24.5 billion, at a 28% compound annual growth rate (CAGR). Arcview also reported that according Read the full article…

Legal Cannabis Sales Proving to Stay Popular

Marijuana is big business

NEW YORK:  Sales of legal cannabis products are projected to top $20.2 billion by 2021 in North American alone at a compound annual growth rate of 25%, according to a report by Arcview Market Research.  “The only consumer industry categories I’ve seen reach $5 billion in annual spending and then post anything like 25% compound annual growth in the Read the full article…

Legal Cannabis Market Projected to Grow as Consumers Spend More

Marijuana is big business

NEW YORK: Legal cannabis sales in the North American market are expected to grow rapidly as consumers spend more every year on legal cannabis. According to a new report from Arcview Market Research, people in America and Canada spent $56.4 billion on cannabis in 2016, while about $6.9 billion came from the legal recreational and medical cannabis market, a 34 percent up Read the full article…

Consumers Spend $53.3B On Legal, Medical & Illicit Marijuana Sales In North America

medical marijuana

CALIFORNIA: Arcview Market Research, a leading publisher of cannabis market research, released its first ever estimate of the entire North American cannabis market, including legal, medical and illicit marijuana sales. The 5th edition of the State of Legal Marijuana Markets Report estimates consumers spent $53.3 billion on cannabis in 2016 across all markets. This first of its kind Read the full article…

Washington Marijuana Sales Expected to Double, Grow To Over $2 Billion By 2020

Legal Marijuana to grow to $2B by 2020

WASHINGTON:  Arcview Market Research, in partnership with New Frontier Data, has released its Washington Legal Cannabis Market State Profile, which explores the recent significant changes to the state’s cannabis industry. The elimination of the medical system that was operating in parallel to the adult use market will lead to a significant contraction of the state’s Read the full article…

Massachusetts Marijuana Sales To Top $1 Billion By 2020

$1 Billion in mj sales predicted for Mass by 2020

MASSACHUSETTS: Arcview Market Research, in partnership with New Frontier Data, has released its Massachusetts Legal Cannabis Market State Profile, which shows the potential growth of the legal marijuana market after Massachusetts voters legalized adult-use on Election Night 2016. The official Arcview Market Research projection for the Massachusetts market is that it will grow to over $1 Read the full article…

Cannabis Industry Expects to Become the Next Biggest Market

Who wants to get involved in the legal cannabis business?

NEW YORK: After historical elections earlier this month, other states may be reconsidering their stance on legalization of Cannabis for medical or recreational use. Currently, there are gaps among states concerning cannabis legalization reform and the difficulties for both the government and the businesses involved as 20 percent of Americans can now lawfully use Cannabis. Read the full article…

Investors Should Be Encouraged by 3 New Marijuana Statistics From The “Greenest” State

Excited customers lined up outside dispensaries in Portland, waiting for the clock to strike midnight.

OREGON: We can assume there were quite a few cheers when California passed Proposition 215 in 1996, becoming the first state to legalize marijuana’s medical use, but 2016 could go down as the most remarkable year for the marijuana industry to date. Since this first approval 20 years ago, the marijuana industry has witnessed 24 states Read the full article…

I Got A Marijuana Prescription And Pot In Minutes Without Leaving My Couch

While diagnosing a patient using an internet video call and delivering marijuana to your front door are not particularly new advents, Eaze is hoping that combining the two will break open the legal U.S. cannabis market.

CALIFORNIA:  I’ll begin this story with a disclaimer: I rarely smoke weed. Aside from the few times that I’ve tried it recreationally, marijuana has never really appealed to me as it does to the millions of Americans who light up for medical purposes or just for fun. Perhaps that’s what makes my experience with Eaze, Read the full article…