{"id":475532,"date":"2021-04-13T09:03:06","date_gmt":"2021-04-13T13:03:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\/"},"modified":"2021-04-13T09:03:06","modified_gmt":"2021-04-13T13:03:06","slug":"bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\/","title":{"rendered":"BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan"},"content":{"rendered":"<div class=\"mw_release\">\n<p>BOULDER, Colo., April  13, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=L7zMqKSKVFxRgsHDlca27_ahr13Kr4JjldtOa7hCE0eQpr8oHqaxeOjs0b_Xm2ZF\" rel=\"nofollow noopener\" target=\"_blank\"><u>BDSA<\/u><\/a>, the leader in data, market intelligence and strategic guidance to the cannabis industry, announced today that its cannabis retail sales tracking now includes category-level coverage for the Florida medical market and Michigan adult-use and medical markets. With this release, BDSA&#8217;s clients and retail partners will have access to a comprehensive suite of consumer and market insights and analytics in these two states, giving them insights into consumer behaviors, market dynamics, preferences, and more.<\/p>\n<p>\u201cHaving insights into the Florida and Michigan markets will provide cannabis investors, retailers and manufacturers with access to significant opportunities as both have enthusiastic and committed consumer populations with a large percentage of cannabis users,\u201d said Micah Tapman, CEO of BDSA. \u201cBDSA\u2019s data will provide our clients with the insights needed to make investment and development decisions and will include information around trending size of the market at a granular category level in addition to consumer understanding and future market sizing already available from BDSA.\u201d<\/p>\n<p>Florida\u2019s medical cannabis market is expected to reach $1.5 billion in sales in 2021, growing 53% over 2020. For comparison, the 2020 medical sales in Arizona were approximately $1.0 billion. With both recreational and medical cannabis expected to be legal in Florida by 2023, BDSA forecasts it will grow to $2.6 billion by 2026.<\/p>\n<p>Michigan\u2019s legal cannabis market is expected to reach $1.2 billion sales in 2021, growing 21% versus 2020. BDSA expects Michigan to have a $1.7 billion market by 2026. Since legalizing cannabis in 2018, 39% of the state\u2019s population has reported consuming cannabis, similar to other more mature legal markets like California.<\/p>\n<p>\u201cBoth Florida and Michigan currently fall into the top 10 cannabis markets in the U.S., but we expect them to continue climbing the ranks in the coming years,\u201d said Kelly Nielsen, Vice President of Insights &amp; Analytics at BDSA. \u201cFlorida is expected to be the third largest U.S. market come 2026 while Michigan is expected to be the ninth largest in the same time frame.\u201d<\/p>\n<p>\n        <strong>About BDSA<\/strong><br \/>\n        <br \/>BDSA helps businesses improve revenues, reduce innovation risk, and prioritize market expansion with accurate and actionable cannabis market intelligence, consumer research and strategic guidance. The company provides a holistic understanding of the cannabis market by generating insights from point-of-sale data, consumer research, and market-wide industry projections. Retailers, manufacturers, brands, wholesalers and investors can now make better strategic decisions that drive profitability, increase revenues and market share, and reduce expenses. BDSA is headquartered in Boulder, Colorado. To learn more please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9eeEqAYFvsU4Hb8nMYatHqpS-WzqZblzgEXRWnKyrvWpKa1G360b0pNo1Ibszf9_gFdsqBM7LKtK_WwuVy_syg==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.bdsa.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Media Contact<\/strong><br \/>\n        <br \/>Katie Parr<br \/>UPRAISE Marketing + PR for BDSA<br \/>415-397-7600<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=0oHESpx4LVHs5xN5dk4VW_zprxMW2BYrL0aUKXNZrPRh3-TzSM19uQjUu5lyAh5WsydteEBtel-lBYZAGdEJX6oFwkN4CcBb152xdohyf3Q=\" rel=\"nofollow noopener\" target=\"_blank\">bdsa@upraisepr.com<\/a><\/u><\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNTY5NCM0MTE3NjI3IzUwMDA3NDQ2Nw==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/df468fac-e270-409f-9b94-f0649123f3ce\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BOULDER, Colo., April 13, 2021 (GLOBE NEWSWIRE) &#8212; BDSA, the leader in data, market intelligence and strategic guidance to the cannabis industry, announced today that its cannabis retail sales tracking now includes category-level coverage for the Florida medical market and Michigan adult-use and medical markets. With this release, BDSA&#8217;s clients and retail partners will have access to a comprehensive suite of consumer and market insights and analytics in these two states, giving them insights into consumer behaviors, market dynamics, preferences, and more. \u201cHaving insights into the Florida and Michigan markets will provide cannabis investors, retailers and manufacturers with access to significant opportunities as both have enthusiastic and committed consumer populations with a large percentage of cannabis users,\u201d said Micah Tapman, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-475532","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BOULDER, Colo., April 13, 2021 (GLOBE NEWSWIRE) &#8212; BDSA, the leader in data, market intelligence and strategic guidance to the cannabis industry, announced today that its cannabis retail sales tracking now includes category-level coverage for the Florida medical market and Michigan adult-use and medical markets. With this release, BDSA&#8217;s clients and retail partners will have access to a comprehensive suite of consumer and market insights and analytics in these two states, giving them insights into consumer behaviors, market dynamics, preferences, and more. \u201cHaving insights into the Florida and Michigan markets will provide cannabis investors, retailers and manufacturers with access to significant opportunities as both have enthusiastic and committed consumer populations with a large percentage of cannabis users,\u201d said Micah Tapman, &hellip; Continue reading &quot;BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-13T13:03:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxNTY5NCM0MTE3NjI3IzUwMDA3NDQ2Nw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan\",\"datePublished\":\"2021-04-13T13:03:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\\\/\"},\"wordCount\":430,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxNTY5NCM0MTE3NjI3IzUwMDA3NDQ2Nw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bdsa-launches-cannabis-retail-sales-tracking-in-florida-and-michigan\\\/\",\"name\":\"BDSA Launches Cannabis Retail Sales Tracking in Florida and Michigan - 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