Anderson Economic Group AndCan Index™ July 2019 Release: US demand for legal cannabis products continues to grow

Anderson Economic Group’s AndCan IndexTM
shows continued growth in April

  • Monthly demand for legal cannabis products in the US increased 1.2% in April
  • Cannabis product demand is up 19% over April 2018
  • After March’s strong reading, April’s growth softened slightly

EAST LANSING, MI—July 10, 2019—According to Anderson Economic Group’s monthly AndCan Index,TM the demand for legal cannabis products in the United States rose by 2.1% in March 2019. The AndCan Index closely tracks demand across every US state.

Consumer demand for cannabis products has remained solid this year, with year-over-year demand growing at a significant 19%.

AEG’s Kenan Cosguner oversees the AndCan Index. He notes that these figures are consistent with the trends the company has seen since it first began comprehensive assessments of this market in 2015. Since that time, drops in demand have been both few and short-lived. “We continue to monitor a very steady growth trajectory,” reports Cosguner. “Over the past 15 consecutive months there have been no dips in US demand.”

Reported Growth: The growth in US demand for legal cannabis products continued upward, but slowed slightly in April as compared to the previous month.

About the AndCan Index

Launched in June 2017, the AndCan Index reflects observed demand from US states that have legalized cannabis, and estimates latent demand in states where data on observed demand are unavailable.

The AndCan Index builds upon:

  • Three years of comprehensive coverage of the US legal cannabis market and assessments of demand by Anderson Economic Group;
  • A rigorous methodology that has been presented in technical papers at two professional economics conferences; and
  • More than two decades of business consulting experience worldwide.

Comments from other professional economists have been incorporated into the AndCan Index, as has additional research by Anderson Economic Group consultants.

In March 2019, Anderson Economic Group released the 2019 benchmarked AndCan Index, which included a number of methodological and data improvements. They added data for a number of states that were not included in the original index, and updated the AndCan methodology to take advantage of new data.

About Anderson Economic Group

Since its founding in 1996, Anderson Economic Group has become one of the nation’s premier boutique consulting firms, specializing in business valuation, expert testimony, and public policy. AEG has assisted governments, universities, large corporations, and businesses across the US and abroad. All of the firm’s work is based on its core values of professionalism, integrity, and expertise.

AEG has offices in East Lansing, Michigan and Chicago, Illinois.

Lisa Wootton Booth
AEG—East Lansing, Michigan