Popular Hemp

Headset New Report: Wave of State Legalizations Drives U.S. Market Forecast Up to $30B in 2022

Headset New Report: Wave of State Legalizations Drives U.S. Market Forecast Up to $30B in 2022 | Cannabis Law Report

Headset, the leading provider of data and analytics to the cannabis industry, today released quarterly updates to its long-term forecasts for the legal U.S. and Canadian cannabis markets. Headset’s projections are revised at the end of each quarter to provide cannabis industry participants and observers with the most relevant and accurate market data at category level and in total. This is Headset’s first quarterly update for its comprehensive forecasts, which launched earlier this year.

The U.S. and Canada market forecasts include 13 Canadian provinces and territories and 36 U.S. states and jurisdictions with any level of legalization (recreational and medical), and the data will be presented in the aggregate for each calendar year. With Headset’s new methodology, forecasts cover at least fifteen months and at most two years.

Key takeaways from the Overall Market View update include:

  • U.S. forecast for 2022 has surpassed $30B, strongly driven by the recent legalization of recreational cannabis in multiple states including Connecticut and New York
  • U.S. market growth will not slow in the near future, with a higher YoY growth rate expected in 2022
  • Little changed in Canada’s market forecast, which is still expected to reach $4B by 2021

Headset’s category market view examines each country’s individual market structure and projects how trends in each category might evolve over time. All forecasts are dependent on current levels of legalization and regulations, which are subject to change.

Key takeaways from the Category Market View update include:

  • Category share in the U.S. will see little change between 2020 and 2022, with certain trends balanced out by new legal markets
  • Flower will remain the main growth driver for the U.S. market well into 2022, when its contribution to total market sales reaches 47%
  • In Canada, Flower share drops 6.5% between 2020 and 2022 from 57.5% to 51% while all other categories remain fairly stable
  • From 2021 to 2022, Pre-Roll growth contribution in Canada significantly increases from 23.4% to 29.2%

To download the full report, visit here.

About Headset:
Headset is a data analytics company in the cannabis industry with a mission to help businesses make better-informed decisions through data. Headset focuses on collecting and analyzing consumer transaction information. Headset’s models and dashboards help cannabis retailers better optimize their day-to-day operations. In addition, product manufacturers, processors and distributors leverage the aggregated, standardized and anonymized receipt-level sales data in real-time to identify trends and opportunities, stay competitive and collaborate with retail customers. Learn more at https://www.headset.io/.

Original press release found here.

Cannabis Law Report Has Been Publishing Legal, Professional & Regulated
Cannabis News Daily Since 2016 – All For Free

We want to carry on providing the important cannabis sector
news for free for all our readers.

Costs are rising to produce Cannabis Law Report and we’d like to ask you,
our readers, for a small donation.

{“id”:null,”mode”:”form”,”open_style”:”in_place”,”currency_code”:”USD”,”currency_symbol”:”$”,”currency_type”:”decimal”,”blank_flag_url”:”https:\/\/cannabislaw.report\/wp-content\/plugins\/tip-jar-wp\/\/assets\/images\/flags\/blank.gif”,”flag_sprite_url”:”https:\/\/cannabislaw.report\/wp-content\/plugins\/tip-jar-wp\/\/assets\/images\/flags\/flags.png”,”default_amount”:200,”top_media_type”:”none”,”featured_image_url”:false,”featured_embed”:””,”header_media”:null,”file_download_attachment_data”:null,”recurring_options_enabled”:true,”recurring_options”:{“never”:{“selected”:true,”after_output”:”One time only”},”weekly”:{“selected”:false,”after_output”:”Every week”},”monthly”:{“selected”:false,”after_output”:”Every month”},”yearly”:{“selected”:false,”after_output”:”Every year”}},”strings”:{“current_user_email”:””,”current_user_name”:””,”link_text”:”Leave a tip”,”complete_payment_button_error_text”:”Check info and try again”,”payment_verb”:”Pay”,”payment_request_label”:”Cannabis Law Report”,”form_has_an_error”:”Please check and fix the errors above”,”general_server_error”:”Something isn’t working right at the moment. Please try again.”,”form_title”:”Please Donate Now”,”form_subtitle”:””,”currency_search_text”:”Country or Currency here”,”other_payment_option”:”Other payment option”,”manage_payments_button_text”:”Manage your payments”,”thank_you_message”:”Thank you for being an awesome Cannabis Law Report supporter!”,”payment_confirmation_title”:”Cannabis Law Report”,”receipt_title”:”Your Receipt”,”print_receipt”:”Print Receipt”,”email_receipt”:”Email Receipt”,”email_receipt_sending”:”Sending receipt…”,”email_receipt_success”:”Email receipt successfully sent”,”email_receipt_failed”:”Email receipt failed to send. Please try again.”,”receipt_payee”:”Paid to”,”receipt_statement_descriptor”:”This will show up on your statement as”,”receipt_date”:”Date”,”receipt_transaction_id”:”Transaction ID”,”receipt_transaction_amount”:”Amount”,”refund_payer”:”Refund from”,”login”:”Log in to manage your payments”,”manage_payments”:”Manage Payments”,”transactions_title”:”Your Transactions”,”transaction_title”:”Transaction Receipt”,”transaction_period”:”Plan Period”,”arrangements_title”:”Your Plans”,”arrangement_title”:”Manage Plan”,”arrangement_details”:”Plan Details”,”arrangement_id_title”:”Plan ID”,”arrangement_payment_method_title”:”Payment Method”,”arrangement_amount_title”:”Plan Amount”,”arrangement_renewal_title”:”Next renewal date”,”arrangement_action_cancel”:”Cancel Plan”,”arrangement_action_cant_cancel”:”Cancelling is currently not available.”,”arrangement_action_cancel_double”:”Are you sure you’d like to cancel?”,”arrangement_cancelling”:”Cancelling Plan…”,”arrangement_cancelled”:”Plan Cancelled”,”arrangement_failed_to_cancel”:”Failed to cancel plan”,”back_to_plans”:”\u2190 Back to Plans”,”update_payment_method_verb”:”Update”,”sca_auth_description”:”Your have a pending renewal payment which requires authorization.”,”sca_auth_verb”:”Authorize renewal payment”,”sca_authing_verb”:”Authorizing payment”,”sca_authed_verb”:”Payment successfully authorized!”,”sca_auth_failed”:”Unable to authorize! Please try again.”,”login_button_text”:”Log in”,”login_form_has_an_error”:”Please check and fix the errors above”,”uppercase_search”:”Search”,”lowercase_search”:”search”,”uppercase_page”:”Page”,”lowercase_page”:”page”,”uppercase_items”:”Items”,”lowercase_items”:”items”,”uppercase_per”:”Per”,”lowercase_per”:”per”,”uppercase_of”:”Of”,”lowercase_of”:”of”,”back”:”Back to plans”,”zip_code_placeholder”:”Zip\/Postal Code”,”download_file_button_text”:”Download File”,”input_field_instructions”:{“tip_amount”:{“placeholder_text”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”},”empty”:{“instruction_type”:”error”,”instruction_message”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”},”invalid_curency”:{“instruction_type”:”error”,”instruction_message”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”}},”recurring”:{“placeholder_text”:”Recurring”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”How often would you like to give this?”},”success”:{“instruction_type”:”success”,”instruction_message”:”How often would you like to give this?”},”empty”:{“instruction_type”:”error”,”instruction_message”:”How often would you like to give this?”}},”name”:{“placeholder_text”:”Name on Credit Card”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter the name on your card.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter the name on your card.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Please enter the name on your card.”}},”privacy_policy”:{“terms_title”:”Terms and conditions”,”terms_body”:null,”terms_show_text”:”View Terms”,”terms_hide_text”:”Hide Terms”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”I agree to the terms.”},”unchecked”:{“instruction_type”:”error”,”instruction_message”:”Please agree to the terms.”},”checked”:{“instruction_type”:”success”,”instruction_message”:”I agree to the terms.”}},”email”:{“placeholder_text”:”Your email address”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your email address”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter your email address”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Enter your email address”},”not_an_email_address”:{“instruction_type”:”error”,”instruction_message”:”Make sure you have entered a valid email address”}},”note_with_tip”:{“placeholder_text”:”Your note here…”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”empty”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”not_empty_initial”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”saving”:{“instruction_type”:”normal”,”instruction_message”:”Saving note…”},”success”:{“instruction_type”:”success”,”instruction_message”:”Note successfully saved!”},”error”:{“instruction_type”:”error”,”instruction_message”:”Unable to save note note at this time. Please try again.”}},”email_for_login_code”:{“placeholder_text”:”Your email address”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your email to log in.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter your email to log in.”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Enter your email to log in.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter your email to log in.”}},”login_code”:{“initial”:{“instruction_type”:”normal”,”instruction_message”:”Check your email and enter the login code.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Check your email and enter the login code.”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Check your email and enter the login code.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Check your email and enter the login code.”}},”stripe_all_in_one”:{“initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your credit card details here.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter your credit card details here.”},”success”:{“instruction_type”:”normal”,”instruction_message”:”Enter your credit card details here.”},”invalid_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is not a valid credit card number.”},”invalid_expiry_month”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration month is invalid.”},”invalid_expiry_year”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration year is invalid.”},”invalid_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is invalid.”},”incorrect_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is incorrect.”},”incomplete_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is incomplete.”},”incomplete_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is incomplete.”},”incomplete_expiry”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration date is incomplete.”},”incomplete_zip”:{“instruction_type”:”error”,”instruction_message”:”The card’s zip code is incomplete.”},”expired_card”:{“instruction_type”:”error”,”instruction_message”:”The card has expired.”},”incorrect_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is incorrect.”},”incorrect_zip”:{“instruction_type”:”error”,”instruction_message”:”The card’s zip code failed validation.”},”invalid_expiry_year_past”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration year is in the past”},”card_declined”:{“instruction_type”:”error”,”instruction_message”:”The card was declined.”},”missing”:{“instruction_type”:”error”,”instruction_message”:”There is no card on a customer that is being charged.”},”processing_error”:{“instruction_type”:”error”,”instruction_message”:”An error occurred while processing the card.”},”invalid_request_error”:{“instruction_type”:”error”,”instruction_message”:”Unable to process this payment, please try again or use alternative method.”},”invalid_sofort_country”:{“instruction_type”:”error”,”instruction_message”:”The billing country is not accepted by SOFORT. Please try another country.”}}}},”fetched_oembed_html”:false}

{“date_format”:”F j, Y”,”time_format”:”g:i a”,”wordpress_permalink_only”:”https:\/\/cannabislaw.report\/headset-new-report-wave-of-state-legalizations-drives-u-s-market-forecast-up-to-30b-in-2022\/”,”all_default_visual_states”:”inherit”,”modal_visual_state”:false,”user_is_logged_in”:false,”stripe_api_key”:”pk_live_51BCFyOKEX10bi16cQhi1Llb9pq7pEaQgBr3jKm31oXtTVZpWJee7sxrQCRIwZmhs73h9N1V93disaiODR3uLgP4X00ia7NG1oo”,”stripe_account_country_code”:”AU”,”setup_link”:”https:\/\/cannabislaw.report\/wp-admin\/admin.php?page=tip-jar-wp&mpwpadmin1=welcome&mpwpadmin_lightbox=do_wizard_health_check”,”close_button_url”:”https:\/\/cannabislaw.report\/wp-content\/plugins\/tip-jar-wp\/\/assets\/images\/closebtn.png”}

%d bloggers like this:

0 thoughts on “Headset New Report: Wave of State Legalizations Drives U.S. Market Forecast Up to $30B in 2022”

Write a Reply or Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.