Is Weed The New Beer? 3 Key Stats Give Us An Idea

Leer en Español: ¿Es la Marihuana la Nueva Cerveza? 3 Estadísticas Clave nos Dan una Idea

Headset has released a new industry report with insights about cannabis-infused beverages.

The firm took a deep dive into the stats of the beverage market including data from Colorado, Washington and Nevada, hitting points about infused beverages, a breakdown of what is selling by state, data on who is drinking what and more.

Headset concluded the cannabis-infused beverage category meets a need that people didn’t even know they had.

This report shows the market in its current state, but also attempts to understand where it might end up.

“We are excited to release another amazing Market Report using our data analytics platform and Headset Insights, our competitive intelligence product," Headset CEO Cy Scott told Benzinga.

"Our mission is to help businesses make better-informed decisions based on data, unlocking success and pushing the cannabis industry forward. Over the last two years, the beverages category has seen steady growth, we are hoping that this report will help give a better understanding of what consumers are looking for in an infused beverage."

See Also: Green Peak Joins Forces With Michigan-Based Short's Brewing To Create Cannabis-Infused Beer, Edibles

Here a three key takeaways from the report.

  • Beverages are burgeoning: A graph shows that beverages have seen steady growth, both in overall sales and market share. Market share has gone up 0.22%, and the overall market has doubled, going from a little under $1.5 million to about $3 million. That’s still a relatively small portion of the overall cannabis market. Beverages, at their peak market share, were only 1.42% of sales
  • Who’s drinking what: While millennials tend to dominate most demographic breakdowns of cannabis consumers, we see an interesting reversal of that trend here in Colorado. In Colorado, the Generation is far and away the largest consumer of beverages. Nevada, on the other hand, sees a pretty even distribution across age groups.
  • The devil is in the dosage: Looking at what products sell best by the number of milligrams of THC they contain shows us one interesting trend. Where 100mg products made up most of the market in 2017, with a 90.9% share, that’s dropped to 67.1% in 2019. And what’s risen to replace it isn’t large format, it’s the 0-5mg range, suggesting that consumers are more interested in getting buzzed than stoned.
Posted In: Cannabis BeveragesCannabis vs BeerCy ScottHeadsetCannabisNewsPsychologyMarketsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.