BDSA Launches Retail Sales Tracking Service for the $2.5B Canadian Cannabis Market in Partnership with BuddiPosted by On

/EIN News/ — Canada Represents World’s Largest Nationally Legal Market and 20% CAGR Through 2025

BOULDER, Colo., Oct. 07, 2020 (GLOBE NEWSWIRE) — BDSA announces the expansion of its cannabis retail sales tracking coverage to 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 will reach $6.1 billion (CAD$8.1 billion) by 2025, a CAGR of 20%. Year-to-date (YTD) through August, 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.

“We are excited to announce this expansion of retail sales data for the Canadian cannabis market, and our partnership with Buddi,” said Liz Stahura, President and Co-founder of BDSA. “With the addition of sales tracking, we now provide a…

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