Arcview Market Research and BDS Analytics. Currently, however, only four states (Oklahoma, California, Colorado and Oregon) make up 80 percent of the total active retail licenses nationally — a clear indication of the legal cannabis industry’s relative immaturity as a consumer retail channel.” data-reactid=”12″>OAKLAND, Calif., Oct. 29, 2019 /PRNewswire/ — The increasing legalization of cannabis retail products is entering a new phase of development, shifting from establishing sustainable single-state business models and market share, to national, multi-state expansion according to From Dispensaries to Superstores: Opportunities in Cannabis Retail, a new report from Arcview Market Research and BDS Analytics. Currently, however, only four states (Oklahoma, California, Colorado and Oregon) make up 80 percent of the total active retail licenses nationally — a clear indication of the legal cannabis industry’s relative immaturity as a consumer retail channel.
With this imminent shift, the report found that single-state operators are in a prime position to leverage early-market share into broader national expansion while still maintaining margins and fending off new competitors. Concurrently, the percentage of respondents identifying as consumers in adult-use states rose from 31 percent in Q1 2018 to 38 percent in Q1 2019, while consumer rates in medical states rose from 18 percent to 25 percent over that same period.
Troy Dayton, CEO of the Arcview Group. “These players can take advantage of distinct state-based licensing frameworks unlike other mainstream consumer retail sectors and leverage their early market share into broader national expansion.”
The report also found that while federal legalization likely will not have an impact on further statewide legalization, such mainstream adoption will be a primary factor to boost interstate operations and shift consumer attitudes even further.
$30 billion industry in five years, with three-quarters of that revenue generated within just 12 markets, which is a huge opportunity for cannabis retailers,” said Tom Adams, Arcview Market Research editor in chief and BDS Analytics managing director. “For now, that upside is theirs to lose as federal prohibition keeps mass merchants and e-commerce giants at bay.”
The 35-page report is available for $297 or as part of the Cannabis Intelligence Briefing Series subscription service from Arcview Market Research and BDS Analytics for $1,975.” data-reactid=”34″>The 35-page report is available for $297 or as part of the Cannabis Intelligence Briefing Series subscription service from Arcview Market Research and BDS Analytics for $1,975.
Arcview Market Research has published over 20 reports analyzing and forecasting the rapidly evolving cannabis space. Arcview’s flagship annual report, The State of Legal Marijuana Markets has become the industry standard for market analysis and data in the sector. In 2017, Arcview Market Research partnered with BDS Analytics to add more robust point-of-sale data and consumer insights to its offerings. Arcview Market Research is a project of The Arcview Group. Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network has helped more than 1500 accredited investors place more than $270 million behind more than 200 companies. In 2015 Arcview became a partner in CanopyBoulder, the first seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. Forbes Magazine recently named Arcview among the top five financial firms in the cannabis sector.” data-reactid=”35″>About Arcview Market Research:
Since 2011, Arcview Market Research has published over 20 reports analyzing and forecasting the rapidly evolving cannabis space. Arcview’s flagship annual report, The State of Legal Marijuana Markets has become the industry standard for market analysis and data in the sector. In 2017, Arcview Market Research partnered with BDS Analytics to add more robust point-of-sale data and consumer insights to its offerings. Arcview Market Research is a project of The Arcview Group. Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network has helped more than 1500 accredited investors place more than $270 million behind more than 200 companies. In 2015 Arcview became a partner in CanopyBoulder, the first seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. Forbes Magazine recently named Arcview among the top five financial firms in the cannabis sector.
www.bdsanalytics.com.” data-reactid=”40″>About BDS Analytics:
Headquartered in Boulder, Colo., BDS Analytics provides businesses with comprehensive, actionable, and accurate cannabis market intelligence and consumer research. The company provides a holistic understanding of the cannabis market by producing insights from dispensary point-of-sale systems through its market-leading GreenEdgeTM platform, driving consumer research with its Cannabis Insights Group, and generating market-wide cannabis industry financial projections through its Industry Intelligence Group. To learn more about how you can utilize BDS Analytics’ superior market research, please visit www.bdsanalytics.com.
dlee@arcviewgroup.com
” data-reactid=”41″>Media Contact:
Dean Lee
The Arcview Group
dlee@arcviewgroup.com
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