Demand growth continues through October 2020 In October, monthly demand for legal cannabis products in the U.S. increased by 0.9%. At 24.1%, year-over-year demand growth remains strong. The growth rate increased slightly from September to October, but remains slow compared to spring and summer. EAST LANSING, MI—January 14, 2020—According to Anderson Economic Group’s monthly AndCan®Index, […]
September 2020 legal U.S. cannabis product demand continues to grow Monthly demand for legal cannabis products in the U.S. increased by 0.7% in September. Year-over-year demand is strong, showing a 24.0% growth rate. The growth rate decreased from August to September, continuing the prior month’s trend of slower growth. EAST LANSING, MI—December 1, 2020—According to […]
August 2020 legal U.S. cannabis product demand sees continued growth U.S. monthly demand for legal cannabis products increased 1.5% in August The year-over-year growth rate in demand remains strong, at 22.8%. The growth rate decreased from July to August, marking a slowdown in the recent trend of rapid monthly growth. EAST LANSING, MI—November 10, 2020—According […]
July 2020 Legal Cannabis Product Demand Continues to Grow Monthly demand for legal cannabis products in the U.S. increased by 3.7% in July. Year-over-year demand is strong, showing a 22.0% growth rate. The growth rate increased from June to July, continuing a trend that began in the spring. FOR IMMEDIATE RELEASE EAST LANSING, MI—October 6, […]
September 15, 2020–Chicago, IL–As the COVID-19 pandemic takes a toll on government budgets across the country, state and local leaders are searching for ways to supplement revenues. Policymakers in New Mexico, New York, and Pennsylvania have expressed interest in legalizing recreational cannabis to generate additional funds. However, economists at Anderson Economic Group caution that legalizing […]
June 2020 legal U.S. cannabis product demand increased more than three percent Monthly demand for U.S. legal cannabis products increased 3.0% in June. Year-over-year trends in demand growth continue a very strong upward trajectory at 19.1%. While not meeting the 4% mark of May’s growth, June’s 3% is still unusually high. FOR IMMEDIATE RELEASE EAST […]
May 2020 legal U.S. cannabis product demand increased more than four percentage points Monthly demand for legal cannabis products in the U.S. increased by 4.2% in May. At 18%, year-over-year demand growth remains very strong. After rebounding from a slight soft spot in April, the growth trend surged in May. FOR IMMEDIATE RELEASE EAST LANSING, […]
April 2020 legal U.S. cannabis product demand increases 3.6% Monthly demand for legal cannabis products in the U.S. increased by 3.6% in April. Year-over-year demand is strong, showing a 16.3% growth rate. After slowing down in March, the growth trend rebounded in April. FOR IMMEDIATE RELEASE EAST LANSING, MI—July 15, 2020—According to Anderson Economic Group’s […]
Legal cannabis sales surged to new highs in some states even as COVID-19 caused record unemployment levels and billions in lost income. Experts at Anderson Economic Group, who have tracked legal cannabis demand through the AndCan® Index since 2015, suspect this short-term spike is unlikely to last, however, as consumer behavior adjusts to the new […]
AEG’s AndCan®Index May 2020 Release: February 2020 legal U.S. cannabis product demand increases nearly a full percentage point Monthly demand for legal cannabis products in the U.S. increased by 0.7% in February. Year-over-year demand is strong, showing a 16.2% growth rate. After growth in January, the growth trend continued in February. FOR IMMEDIATE RELEASE EAST […]