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By Lexie Barton, Director of Client Strategy, BDSA The cannabis industry has faced significant challenges in the past year, though shifting macro-environmental factors indicate a promising outlook. Multi-state operators (MSOs) are particularly well-positioned to succeed, with anticipated growth driven by the opening of new adult-use markets in states such as Florida, Ohio and Pennsylvania. New…

CEO Roy Bingham Built BDSA on a Bedrock of Data

In its most recent forecast for the U.S. cannabis industry, BDSA projects that despite falling sales in some of the more mature markets, cannabis sales nationally will continue to increase, growing to $42 billion in 2026. “Despite an inflationary environment and concerns about recession that dampened consumer spending, legal cannabis sales in the U.S. will reach $27 billion by the end of 2022, a…

Insider Q&A: Roy Bingham, CEO of cannabis research firm BDSA

LOS ANGELES — Colorado-based research firm BDSA projects legal marijuana sales in the U.S. will jump 8% this year to $27 billion. Much of the increase is coming from states like Illinois and New Jersey that recently legalized cannabis sales for recreational use, according to BDSA. Those gains should offset slowing sales in more established legal marijuana markets, such as California, Washington…