OBDSA announced the expansion of its cannabis retail sales tracking coverage will include Canada, the world’s largest nationally legal cannabis market. BDSA forecasts Canada’s cannabis industry revenues will total $2.5 billion (CAD$3.3 billion) in 2020 and could reach as high $6.1 billion (CAD$8.1 billion) by 2025, a CAGR of 20%. Also, the combined sales in the adult-use channel by private sector retailers in Alberta and British Columbia reached $524 million CAD, with monthly sales peaking at nearly $85 million CAD in August. BDSA’s Stahura added, “Our partnership with Buddi builds on the extensive network of data and insights from both companies, bringing comprehensive, granular, and insightful sales tracking data with the high standard of quality, reliability, and actionability that we are known to provide. With this launch, BDSA now provides retail sales tracking for ten markets.”
Press Release, Cannabis Business Executive – Cannabis and Marijuana industry news, 10/07/2020 09:00:58