Market Overview

US Cannabis And Alcohol Sales

US Cannabis And Alcohol Sales
  • In 2018, U.S. retail alcohol sales totaled $254 billion, nearly 7x overall cannabis sales (both legal and illicit) of $37.2 billion.
  • New Frontier Data estimates that overall domestic cannabis sales grew 6.7% in 2018, while alcohol sales meanwhile grew at 5% year over year (source: bw166).
  • In its upcoming white paper, The Nexus of Alcohol and Cannabis, New Frontier Data will provide useful insights into how cannabis consumers use alcohol (i.e., frequency profiles, policy views, and cannibalization analysis): For instance, 50% of high-frequency cannabis users are also high-frequency alcohol users, while cannabis users largely state a preference for cannabis over alcohol.
  • The report also offers key takeaways for cannabis and alcohol business operators, identifying opportunities to attract new consumers, and risks associated with changing patterns by both alcohol and cannabis users.

Posted-In: Alcohol Sales cannabis industry HempCannabis News Markets General


Related Articles

View Comments and Join the Discussion!

Cannabis Movers

Sign up for our secret cannabis newsletter!
Never miss out on the breaking news in the Cannabis Industry!

Morgan Stanley Expects Sabre To See 'Minimal Disruption' From 737 Max Grounding

It's Fed Week, But Drama Seems Lacking As Markets Forecast Little Chance Of Change