The total global legal cannabis industry is predicted to reach $36.7 billion in 2023, with 80% of sales from U.S. markets.

In his webinar “Edible Evolution in Cannabis: In Review and What’s to Come,” BDSA’s Rick Maturo breaks down the performance of cannabis food and beverage categories.

In his webinar “Edible Evolution in Cannabis: In Review and What’s to Come,” BDSA’s Rick Maturo talks growth in the cannabis-infused food and beverage category.

In his webinar, “Edible Evolution in Cannabis: In Review and What’s to Come,” BDSA’s Rick Maturo covers trending product attributes.

Market research firm BDSA reported edibles brought in nearly $2.75 billion, up about $105 million from 2021.

Several newer markets saw strong expansion in 2022, and growth in new and emerging markets is expected to ramp up in the coming years.

Using Menu Analytics, cannabis retailers and investors can gain insight into the menu-listed pricing and availability of brands and products at a local and store-specific level.

BDSA said the New York market is expected to benefit from cross-border buying as adult-use consumers from southern Connecticut and northern Pennsylvania look for more convenient buying opportunities.

Maryland voted in November to legalize possession of up to 1.5 oz. of cannabis for recreational use, as well as owning and maintaining up to two plants out of public view.

Cannabis Products recently spoke to Brendan Mitchel-Chesebro, analyst, BDSA, about recent market conditions and expectations for 2023.