BDS Analytics has published a report on the Washington cannabis market that provides a very granular look at the growth and composition of the market by segment and sub-segment. Here are some of the highlights:
- Despite slowing growth, sales in 2015 grew 360%
- In Q3, flower sales were more than 2/3 of total sales
- Some of the smaller categories (concentrates and pre-rolled) are growing faster than flower
- Declining prices mask massive unit sales growth
- The report details flower sales by genus (sativa, indica, hybrid) and indicates the 10 most popular strains that account for 20% of sales
- Concentrate and extract sales are delineated by category (oil, wax, pre-filled, shatter)
- Ingestibles are broken down into categories as well
Download Actionable Insights on the WASHINGTON Cannabis Market
Based in Houston, Alan leverages his experience as founder of online community 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email