QQQ
-6.78
396.69
-1.74%
BTC/USD
-6096.81
47504.24
-11.37%
DIA
-0.37
346.98
-0.11%
SPY
-4.16
461.56
-0.91%
TLT
+ 1.82
150.71
+ 1.19%
GLD
+ 1.39
163.85
+ 0.84%

AEG: US Cannabis Product Demand Is Growing Monthly

June 4, 2019 11:07 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
AEG: US Cannabis Product Demand Is Growing Monthly

The demand for cannabis products in the United States rose by 2.1 percent month-over-month in March, according to Anderson Economic Group's AndCan Index.

U.S. legal cannabis product demand grew 19 percent over the same period last year, according to AEG. 

The AEG AndCan Index uses a combination of three years of U.S. cannabis market coverage and assessments, "a rigorous methodology that has been presented in technical papers at two professional economics conferences" and two decades of experience in business consulting to craft its index.

“U.S. demand for cannabis products has been increasing for 14 consecutive months,” AEG senior analyst Brandon Betz said in a statement. 

Need more cannabis news? Check out all of our coverage here.

Why It Matters

The market continues to grow. The figures from AEG mark the fourth time monthly increases have topped 2 percent in the last year, the firm said. The totals from March also represent the highest percentage growth since June 2018.

In March 2019, the benchmarked index found that demand for products grew 1.9 percent in December 2018, with product demand growing 20 percent year-over-year. 

AEG began tracking U.S. cannabis product demand in 2015. Since then, it has noted minimal declines in legal cannabis demand. In periods when there was a decline, it was short-lived, AEG said. 

Related Links:

Report: Cannabis Product Demand Rose 20% In The Last Year

Will There Be Enough (Legal) Marijuana In Canada This Year?

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

7 Cannabis Brands And Organizations Supporting Veterans

7 Cannabis Brands And Organizations Supporting Veterans

This article by Hannah Meadows was originally published on Weedmaps and appears here with permission. read more
How Kika Keith Became The First Black Woman To Open A Dispensary In Los Angeles

How Kika Keith Became The First Black Woman To Open A Dispensary In Los Angeles

This article by Ashlee Nolan was originally published on Weedmaps and appears here with permission. read more
$FLGC Enters Beverage Space, Taliban Getting Into Cannabis? — Cannabis Daily November 29, 2021

$FLGC Enters Beverage Space, Taliban Getting Into Cannabis? — Cannabis Daily November 29, 2021

The Best Daily Overview Of The Cannabis Space Mexico's cannabis legalization bill is making the rounds before the vote. Taliban’s press release causes a diplomatic rift. In today's episode we covered the following public companies: read more
New York City Conference 'Horizons: Perspectives on Psychedelics' A Who's Who Of Notable Speakers

New York City Conference 'Horizons: Perspectives on Psychedelics' A Who's Who Of Notable Speakers

In a welcomed throwback to the days before psychedelic use and research was considered a forbidden topic, the conference “Horizons: Perspectives On Psychedelics” in New York City is an incredible testimony to where the field of psychedelic therapy, and the industry as a whole, is read more