BDS Analytics, a leader in cannabis market intelligence and consumer research, announced that the company has added the Arizona medical marijuana market to their state-of-the-art GreenEdge Retail Sales Tracking Platform. In addition to existing data from Colorado, California, Oregon and Washington, GreenEdge will now feature Arizona dispensary point-of-sales data dating back to January 2017.
GreenEdge provides clients access to the most accurate and actionable data available on what is selling, when, where and for how much on a daily, weekly, monthly, quarterly and annual basis. Companies can leverage real data to make strategic decisions that will advance the financial goals of their business and gain an understanding of the cannabis markets – from what is selling in different states to pricing strategies, brand concentration, market segmentation, how trends flourish over time and more.
“We are thrilled to expand our data tracking efforts into Arizona, a state that saw the first three months of 2018 bring in $160 million in sales,” said Liz Stahura, president and co-founder of BDS Analytics. “With 130 medical dispensary licenses and 115 currently operational locations, we’re confident Arizona’s medical market will continue to grow and that our clients should be paying attention to the state’s cannabis industry.”
In 2017 alone, Arizona’s medical marijuana industry directly created 6,779 full-time positions and 9,435 employment opportunities. According to The State of Legal Marijuana Markets report recently published by Arcview Market Research in partnership with BDS Analytics, by 2022, the estimated number of legal Arizona consumers is on track to reach 508,378, driving $1.19 billion in state revenue.