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 […]
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 […]
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 […]
April 30, 2020 Panic-buying, pot delivery, and social distancing: What’s next for cannabis during the COVID-19 crisis? Multiple factors shape cannabis markets as pandemic unfolds Chicago, IL—In a few short years, cannabis sales have transformed from a mostly illegal enterprise to an ‘essential business’ that many states have kept open during the COVID-19 epidemic, the […]
Blue smoke and seers: measuring latent demand for cannabis products in a partially criminalized market Patrick L. Anderson Published online: 14 January 2020 © National Association for Business Economics 2020 Abstract Cannabis, otherwise known as hemp or marijuana, is one of the nation’s fastest growing cash crops. In the late 1990s, proponents of legalization began […]