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…

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…