Filtered by tag "Consumer Data"

Ask Our Experts 2/24/2019

By Rob Kuvinka, Data Science, New Frontier Data   Q: I am curious, how cannabis legalization might impact alcohol sales. Do cannabis users also drink alcohol? A: The usage patterns of alcohol and cannabis are nuanced and changing. While it is common for cannabis consumers to also use alcohol, many indicators suggest that cannabis legalization will have […]
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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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Federal Cannabis Revenue to Total $44B Through 2025

  As retail revenue continues to grow in legal cannabis, so will jobs, business opportunities, payroll and of course tax revenue produced for the federal government. Total federal tax revenue is estimated $2.9 billion for 2017. Tax revenue is expected to grow consistently reaching $6.7 billion by 2025. Roughly 200,000 jobs exist in today’s legal cannabis market. By […]
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Federal Cannabis Revenue to Total $44B Through 2025

  As more revenue is generated in the legal cannabis, there will be more jobs created, and more business and payroll taxes generated for the federal government. Roughly 200,000 jobs exist in today’s legal cannabis market (i.e., growers, processors, wholesalers and retailers), not including ancillary businesses. By 2025, projections anticipate 630,000 industry-specific jobs. Total estimated [...]
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California Consumers’ Spending Up

  With a reported 8.9 million Californians aged 18 and older regularly using cannabis, the state’s adult-use market ought dwarf all other U.S. markets. As seen in other legalized programs, Eaze’s 2017 State of Cannabis Data Report found that monthly spending by cannabis consumers from 2016 to 2017 increased across all age groups, to averages […]
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