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While 2020 posed more than its fair share of challenges, the cannabis industry has fared reasonably well. Most US states designated cannabis as an essential business during the COVID-19 pandemic, and sales have continued to gain ground as increasingly diverse cannabis consumer demographics evolve and mature.
Recreational cannabis sales will drive global legal market growth by 376 percent over the next five years, outpacing medical and CBD, according to global market research company Euromonitor International’s new cannabis database.
BDS Analytics’ cannabis dispensary data is now fully integrated within the IRI Liquid Data technology platform, providing retailers and CPG manufacturers with a holistic view of legal cannabis industry.
The demand for hydrocolloids is increasing in emerging markets such as India and China due to changes in lifestyle and preference for convenience foods.
What consumers say they want and what they actually purchase at restaurants can be two different things. Understanding both consumers’ various needstates and their reasons for dining out is essential to strike that often delicate balance—and bring consumers through the doors.