U.S. sales to reach $46 billion in 2026, firm projects
March 2, 2022
Global cannabis sales for 2022 will reach just more than $35 billion, a jump of approximately 22% compared with 2021 sales of $29 billion, according to BDSA’s most recent five-year rolling market forecast update. BDSA, Louisville, Colo., forecasts global cannabis sales will surpass $61 billion in 2026, a compound annual growth rate (CAGR) of more than 16%.
Seltzers available in Juicy Mango, Lime Twist and Black Cherry Fizz
December 22, 2021
Wynk THC & Seltzer, Columbus, Ohio, now is available in Maine for “canna-curious” folks looking for the low-key, chill vibe that can be achieved with a microdosed one-to-one ratio of THC and CBD.
Orange County, Calif.-based HighBridge Premium Cannabis announced the recent signing of a Beverage Production Agreement with Great White Industries. Located in Phoenix, Great White is a leader in the Arizona cannabis industry.
Boulder, Colo.-based BDSA announced an update of its cannabis market forecast, a five-year rolling global forecast by country, state, province, channel and category. Cannabis sales for 2021 will near $31 billion, an increase of 41% more than 2020 sales. Further, BDSA forecasts global cannabis sales to grow from $30.6 billion in 2021 to $62.1 billion in 2026, a compound annual growth rate (CAGR) of more than 15%.
Some 50 years removed from the Hippie Movement of the ‘60s and ’70s, medical and recreational marijuana, pain-relieving edibles like gummies and tinctures are being used by a diverse consumer base in a growing $30 billion cannabis market.
ALT (Advanced Liquid Technology) launched an adaptable liquid cannabis beverage enhancement that can be added to any drink for a customizable experience, it says.
Despite regulatory challenges, the use of THC in beverages is seeing a slight uptick. Nielsen suggests that consumers often turn to marijuana products because it doesn’t cause a hangover and is low- or zero-calorie.
New line of flavors mimics cannabis essence without THC, CBD
June 9, 2020
Bell Flavors & Fragrances released a full line of cannabis-inspired and terpene flavors and fragrances designed to recreate the flavor and aroma of familiar terpenes, such as linalool and limonene, as well as well as popular cannabis strains like blackberry kush, blue dream and pineapple express.