Filtered by tag "Cannabits"

Latin America’s Top 5 Estimated Addressable Cannabis Markets for 2019

Investors and cannabis businesses are flocking into Latin America as countries across the region expand legal access to cannabis. Latin America is home to an estimated 12.9 million consumers (per annual usage) who spend nearly $10 billion per year on cannabis. Collectively, Latin Americans annually consume over 5.1 million pounds of cannabis, which underscores the […]
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The Global Hemp Market Expansion

Hemp is a unique plant with over 25,000 diverse and derivative uses, intersecting more markets and industries worldwide than any other crop in the agricultural economy. New Frontier Data’s latest report, Global State of Hemp: 2019 Industry Outlook, tracks the global market across the United States, Australia, Canada, China, the European Union, South and Central […]
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2019 Outlook: Surging Adult Use Sales Drive Legal Market Growth

New Frontier Data’s latest U.S. cannabis market forecast shows currently legal medical and adult markets growing from $12.9 billion in 2019 to $20.4 billion in 2022. Nationwide spending on illicit cannabis will grow from $27 billion to $28.1 billion (based on the growth trend of American cannabis consumers). Adult-use sales in the 10 currently legal […]
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U.S. Cannabis Consumer Shopping

U.S. Cannabis Consumer Shopping

Average expenditures per consumer in December 2018 reached $171, a 3.0% percent increase from the previous month. Conversely, average expenditures per consumer in Central California rose 8.2%, as the Bay Area California saw a marginal increase of 4.8%. Six of the 12 U.S. markets identified increased during December 2018. The 19.1% rise in average expenditures […]
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Legal Cannabis in Europe

29 European countries have legalized1 medical cannabis in some form. 20 of those have decriminalized possession or consumption of personal doses2 of cannabis. While Spain and the Netherlands permit personal cannabis use in coffee shops and social consumption clubs, in Europe only Georgia has fully legalized it for adult use. 1Legalization for medical use does […]
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2018 Cannabis Mergers and Acquisitions Highlights

The North American cannabis sector established market legitimacy in 2018 with word of outside interests like Constellation Brands (maker of beer, wine, and spirits) investing heavily in the space. Likewise, a USD $1.8 billion buy-in by Altria group (owner of Marlboro) for a 45% stake in cannabinoid company, Cronos Group, marked bullish involvement by a Big Tobacco […]
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2019 U.S. Cannabis Outlook

Continued dramatic growth is expected for the legal cannabis industry in 2019. As of January 1, now 33 states plus the District of Columbia (D.C.) have legalized cannabis for medicinal use, with 10 states and D.C. permitting adult use. Medical-use sales are slated to begin in four states (Arkansas, Louisiana, North Dakota, and Ohio). Per […]
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2018 Cannabis Highlights

2018 Cannabis Highlights by Numbers Nearly $2 billion With CBD sales in the U.S. are expected to reach $534 million in 2018, growing to nearly $2 billion by 2022. More Than 30 Countries The global cannabis market is expanding rapidly, with Canada having joined Uruguay as the first countries to legalize adult-use markets; more than […]
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Medical Cannabis Consumers

  More than 3,000 self-identifying cannabis consumers nationwide participated in New Frontier Data’s 2018 Cannabis Consumer Survey. Nearly 1/3 (32%) of participants described themselves as medical consumers, while more than 2/3 (68%) called themselves recreational consumers. Overall, 1/3 (33%) of cannabis consumers reported using it only recreationally, while 10% said they used it [...]
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Cannabis Displacing Alcohol and Pharmaceuticals

  New Frontier Data’s newly released 2018-2019 Cannabis Consumer Report: Archetypes, Preferences & Trends is based on survey responses from more than 3,000 U.S. adult consumers about why they use cannabis, where they get it, how they consume it, and their views about it in their lives and society. Participants were demographically aligned to the U.S. Census, […]
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