Cultivation Demand for Cannabis to Triple by 2022, Powered by Online Marijuana Dispensary USA

Posted May 28, 2020 by greenmalldispensary

The increasing demand for cultivation will be driven largely by consumer demand for foods, concentrates and other cannabis-containing items

According to the "Flower: The Foundation of the Cannabis Industry" report Marijuana for sale online published today by Arcview Market Research in partnership with BDS Analytics, total worldwide cultivation demand for dried cannabis flower Online Marijuana Dispensary USA is forecast to more than triple from 2.1 million pounds in 2017 to 6.9 million pounds in 2022 Buy Marijuana Edibles Online.

Consumer spending on raw flower as a commodity is expected to continue to shrink Marijuana for sale online during that time period as a share of total United States dispensary sales. Even so, retail flower sales are expected to rise at a compound annual growth rate of 14.8 percent in 2022 to hit $8.5bn.

"While market share for flower is falling, the rapidly expanding cannabis market means consumer spending growth rates for flower will continue to be robust," Arcview Group CEO Troy Dayton said. "After all, the packaging and branding trend that Online Marijuana Dispensary USA has transformed and overloaded concentrate and edible growth is only now spreading to the category of flower and is likely to push its continued growth."

The report analyzes the phenomenon of exploding demand for cannabis at the same time that wholesale pound prices are down across all Buy Marijuana Edibles Online. Most dramatically, Oregon's Spot Index fell 52.3 per cent, from $1,771 per pound in the 2018 opening week to $844 per pound in the week ending July 27, 2018, according to Cannabis Benchmarks data cited in the report.

The report includes market-specific crop-demand data and projections to 2022, analysis of the effects of state and federal legislation on the industry, and insights into the rise of branded strains based on Green Edge point-of - sale tracking by BDS Analytics.

Given investment in flower brands, the industry continues to dominate over generic flower strains. Blue Dream remains the bestselling strain of cannabis in most markets. In 2017 Blue Dream represented Colorado flower sales of $12.5 million.

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Address: San Francisco¸Oakland fremont, California 90304, United States
Phone: +1 (703) 348-7458
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Issued By Green Mall Dispensary
Phone +1 (703) 348-7458
Business Address San Francisco¸Oakland fremont, California 90304, United States
Country United States
Categories Health , Medical
Tags buy marijuana edibles online , marijuana for sale online , online marijuana dispensary usa
Last Updated May 28, 2020