The cannabis edibles market is expected to surpass $10 billion in sales by 2025.
In Canada #Edibles held a 5.0% market share while in the US captured 10.2% market share in the same time period.
When #marketshare is compared in different states and provinces tracked by Headset we find that Colorado has the most market share to Edibles at 13.9%, while Saskatchewan has the least at 4.3%.
When we breakdown Edible sales by segments, we find that the majority of sales go to the Gummies segment in both the US (71.1%) and Canada (65.1%).
The majority of sales in both countries go to package sizes with the maximum legal #THC potency, but these maximums vary in the US and Canada. In the US, 70.8% of sales go to the 100 mg THC package size, the maximum limit in most states, and in Canada, 92.9% of sales go to the 10 mg THC package size, which is the maximum limit in Canada.
Looking at demographic data, we see that Edibles are more popular among older groups of consumers, and within each age group, Female customers have a higher affinity for Edibles than their Male counterparts.
Show Notes:
Cannabis Edibles: A look at category data & performance
https://www.headset.io/industry-reports/cannabis-edibles-a-look-at-category-data-performance
Distribution Trends Report: Edibles
https://content.brightfieldgroup.com/distribution-trends-report-cannabis-edibles
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 842 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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