BDS Analytics

Praetorian Global, Inc., a prominent brand owner and intellectual property provider in the cannabis and hemp industry, has signed licensing agreements with Ascend Wellness Holdings Inc. (CSE: AAWH.U) (OTCQX: AAWH), a multi-state cannabis operator. "With one of the strongest management teams in...

Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) opened the second dispensary in St. Petersburg, Florida. The new store, located at 5935 4th Street, is also the company’s 34th dispensary in the state, and 98th in the U.S. Curaleaf St. Petersburg North brings a diversified...

Worldwide cannabis sales are expected to grow at a 22% compounded annual growth rate (CAGR) between 2020 and 2025. That's according to a new forecast from BDSA (formerly BDS Analytics). The firm predicts: U.S. cannabis sales should reach $34.5 billion by 2025, increasing at an 18% CAGR....

New York State is a cannabis market that has teetered on the verge of adult-use legalization for two years now. The Empire State's medical cannabis program was signed into law in 2014. Since then, it has been revamping its image from restrictive to accessible, but many advocates want...

Hawaii's first steps into the medical cannabis market came in 2000. Cardholders were permitted the right to grow their own medicine. However, legal sales and a marketplace were not established. Fifteen years later, the Aloha State created a medical dispensary program. It took another two years...

Puerto Rico, a longtime hub for the pharmaceutical industry, has another lucrative market — cannabis. "It's empowering and very exciting to see this industry grow, especially in Puerto Rico, [which] was all pharmaceutical," said Latinas Cannaprenuers founder Frances Gonz...

Like several of its neighboring Northeastern states, Connecticut has teetered on the verge of legalizing adult-use cannabis laws in recent years. The state Senate passed HB 5389 in 2012, legalizing medical cannabis. In the years since, the state of 3.6 million residents has seen patient enrollment...

Maine was the fourth state to adopt medical marijuana laws, enacting legislation in November 1999. After passing adult-use laws in 2016, the Pine Street State has seen rounds of legislative back-and-forth battles to determine the market's future. Maine's medical market could soon be...

Vermont's cannabis market has seen modest growth as legal adult-use inch toward a legal framework, while medical market regulations favor patient access over revenue. Vermont's Medical Market At The Moment The Green Mountain State generated $20 million in medical sales...

North Dakota legalized medical marijuana in November 2016, and the first store opened March 1, 2019.  Since the initial passage, citizens have faced roadblocks when attempting to become patients. Even with a card, obtaining medicine has proven difficult in the state of just 800,000 people. In...

Washington state was an early adopter of medical cannabis in 1998 and adult-use legislation in 2012. Since the passage of the latter, Washington's medical market has seen a steady decline and has just over 44,500 patients in a state of 7.3 million, according to state Department of Health...

Montana's medical cannabis market has had its share of ups and downs since its inception in 2004.  Several efforts have been made to stymie the medical cannabis market, including a 2011 legislative repeal of the market that was halted by then-Gov. Brian Schweitzer's veto. In...

Massachusetts voted for medical cannabis in November 2012, and the law took effect on New Year's Day 2013. The state's medical marijuana program followed decriminalization in 2008. In 2016, the state approved adult use.  The medical market in Massachusetts is often said to be...

In 2013, New Hampshire's then-Gov. Maggie Hassan signed the Granite State's medical cannabis regulations into law. An adult-use legalization effort in 2014 in the state failed; New Hampshire did pass decriminalization legislation in 2017.  The state of 1.36 million citizens has an...

March 1, 2020, marked the launch of Utah's medical cannabis program and its marketplace. Spending in the new market could reach $84 million by 2024, according to data from BDS Analytics and Arcview Market Research.  The state health department began accepting applications March 1, and the...