EAST LANSING, Mich. – The legal cannabis market in the U.S. showed steady growth throughout 2020 as more states legalized cannabis and products became more widely available, peaking in summer 2021, according to Anderson Economic Group’s AndCan®Index, part of its new cannabis dashboard released today. Since its peak in July 2021, the market has been […]
The Michigan Cannabis Manufacturers Association (MCMA) retained Anderson Economic Group to review the structure of Michigan’s cannabis market and determine the size of the cannabis market by segment, including licit and illicit. Cannabis is one of the nation’s fastest growing cash crops. In Michigan, medical cannabis has been legal for over a dozen years, and [...]
May Cannabis Demand, Legal U.S. Markets For additional insight regarding AEG’s AndCan® Index and trends in the legal cannabis space, contact our industry experts online or at 517.333.6984. About the AndCan® Index Launched in June 2017, the monthly AndCan Index reflects observed demand from U.S. states with legalized markets, along with estimated latent demand in [...]
New geographic analysis by experts at Anderson Economic Group (AEG) shows that, after little more than eighteen months, the retail cannabis industry has spread quickly across Michigan. “Over 80% of Michiganders now live within a 20-minute drive of an adult-use retail store,” said Brian Peterson, AEG director of public policy and economic analysis. “Our analysis […]
Our lead cannabis researcher, Andrew Miller, spoke at length with the PBS affiliate’s Amanda Vinicky regarding the state of legal cannabis sales in Illinois and beyond: See the full interview here.
Chicago, IL—New analysis by experts at Anderson Economic Group shows that consumer access to retail cannabis in Illinois is on the rise. “Four in five Illinois residents now live within a 20-minute drive of an adult-use cannabis dispensary, and three in four are within a 20-minute drive of a medical cannabis dispensary,” said Andrew Miller, [...]
February Cannabis product demand continues steady national growth, but stalls in some states February’s monthly demand for legal cannabis products increased 1.8% in the U.S. Year-over-year, the growth rate in demand continues at a strong 25.7%. Between January and February, growth in demand for legal cannabis products increased slightly at the national level. EAST LANSING, [...]
January 2021 legal U.S. cannabis product demand continues new, more even growth pattern In January, monthly demand for legal cannabis products in the U.S. increased 1.4%. The growth rate in year-over-year demand continues to be strong at 24.3%. While there was a slight decrease between December and January, demand growth remains higher than it was [...]
Legal cannabis product demand continues to grow in December Monthly demand for legal cannabis products in the U.S. increased by 2.4% in December. Year-over-year demand is strong, showing a 24.4% growth rate. The growth rate increased in December after relatively slow growth in the fall. EAST LANSING, MI—March 9, 2020—According to Anderson Economic Group’s monthly [...]
November sees continued slower growth for legal U.S. cannabis products Monthly demand for legal cannabis products in the U.S. increased by 0.2% in November. Year-over-year demand remains strong, showing a 23.2% growth rate. The growth rate decreased between October and November, continuing a trend of slower growth when compared to the surge in spring and [...]
