BDSA

Which State Has The Cheapest Marijuana

Published

4 months ago

January 11, 2024

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Who doesn’t love a good bargain? Or bragging right for a good deal….well here is the best deals on weed

Everyone loves a good bargain! Be it real estate or eggs, most people look at prices and compare. A third of people claim they’re the best bargain hunter they know (34%). In addition, 87% say they’ll carry money-saving habits with them forever. In fact, the reason prices in at 99, . 95, or . 98 is a psychological pricing strategy to make products appear cheaper than they are. This is based on the theory that consumers are more likely to perceive an item priced at $4.99 as being significantly cheaper than an item priced at $5.00, even though the difference is only one cent. So which states have the cheapest marijuana and gas?

One of the top bargain is the hunt for cheap gas…Costco is a winner. Gas prices are very complex and a global market. And there is always a profit motive. One study found gas prices fall twice as slowly as they rise after a major change in oil prices. This means, for example, if it took four weeks for gas prices per gallon to increase 25 cents, it would take them eight weeks to fall 25 cents once oil prices returned to their starting level. With this information, here is the top 5 places to fill you tank at the best price.

Oklahoma. $2.59
Arkansasa. $2.63
Missouri $2.63
Mississippi $2.66
Wisconsin $2.67

marijuana dispensary — Photo by smodj/Getty Images

When is comes to marijuana, it is a bit tricky. Legal New York City mainly sales via a black market. They have over 1,500 unlicensed dispensaries selling products at a premium. BDSA, one of the top data analysts shared information where consumers can purchase the cheapest legal weed.

It Is not surprising market forces push up New Jersey and New York with all the weed available from the black market. And some states put a burdensome amount of taxes on products which always drives up the price.

Here is the list!

New Jersey $17.9
New York $15.5
Missouri $13.5
Maryland $13.3
Illinois $12.7
Florida $11.1
Pennsylvania. $11.0
California $10.4
Massachusetts $9.8
Ohio $9.7
Nevada $9.2
Oregon $7.1
Colorado $7.0
Arizona $6.9
Michigan $5.4

Price doesn’t always mean the best – it means a bargain. In the alcohol world, the most popular beers are at lower mid price and are perceived to have a good taste.

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BDSA

Choosing The Right Edible – The Fresh Toast

Published

2 weeks ago

April 15, 2024

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Edibles have become very popular – finding the right one for you is key!

With over 50% of the country’s population having access to recreational cannabis, it has gone mainstream. Over 85% of the population believe it should be legal in some form and now there is a whole movement around California sober. As access to legal marijuana gains, beer sales have flattened and people are curious. According to BDSA, almost 50% of those who have used cannabis, have used an edible – primarily a gummy.

Marijuana not only helps you to chill, relax or go on a fun journey, it also has clear medical benefits. Edibles are healthier for you body and lungs than vaping and smoking while capable of producing the same results. While smoking cannabis is a little healthier than tobacco, it is still not a great frequent habit. Additionally, edibles are likely to provide more pain relief and a stronger response from your mind and body.

Edibles are portable and discreet, allowing you to consume at a party, family event, or on the bus. No fuss, no muss and you can pop one in your mouth. According to BDSA, gummies represent at last 85% of the edible market.

Edible makers infuse their foods with marijuana through a variety of ways, primarily with cannabutter and extracts. Cannabutter is the product that results once butter or oil is infused with cannabis. This mixture is then used to make brownies, chocolates, etc.. Cannabutter includes the benefits and limitations of the whole cannabis flower, providing you with the full spectrum of cannabinoids. This means that there’s THC, CBD, and more in these types of edibles but also that they’re more unpredictable.

Gummies and a few other products are usually made with extracts. Producers isolate THC or CBD in a lab and later add them to their products, making something that is more reliable and consistent. Edibles prepared with extracts are a good option for people who are looking for a specific effect.

5 differences cannabis edibles and flower — Photo by Margo Amala via Unsplash

When it comes to dosage, if you are new – consider starting with 2.5-5 mg and see how it goes. One benefit of professional edibles is there is a generally a good dosing guide so you can manage your high. Where you want to chill at a concert of microdose to focus, you should be able to easily manage your high with a gummy. Traditionally baked edibles can crumble and might not travel as well.

Remember it usually takes between 45 minutes to an hour for an edible to kick in. Wana Brands started a trend by releasing a new edible called Calm which hits in 5-15 minutes. Being the first, you may have to wait for it to be in your area.

Dispensary purchased edibles also tend to have less of a “weed” flavor. Companies have employed chocolatiers and master candy makers to ensure the right taste along with the journey. Flavors go from cookies and cream to watermelon, so you should find the right flavor.

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BDSA

Cannabis Industry Employs The Same As These Companies

Published

3 weeks ago

April 12, 2024

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The cannabis industry has had a rough couple of years, but things are looking brighter. The one constant positive is consumer demand has continuously increased. You know it is good when Missouri has over $1 billion in sales last year. And, despite the struggles, the industry continues to grow. In fact, surpassing other job reports, the cannabis industry grew 5%. Around 440,000 work in market as of today. It is a clear indicator legal cannabis is here to stay.

While 440,000 is a big number – how big is it in relation to other industries? BDSA, an analytical firm who covers cannabis, reported the industry made $29.5 billion in the legal market. It would have been over $30 billion if not for the chaos and huge illicit market in New York. Like most industries, the weed one includes dispensaries, manufactures, some ancillary services, farmers and management. It is also a very small sliver of greater farming community. America’s farm families represent two percent of the population and help feed the other 98%.

standing people during daytime

Subway Sandwiches with a revenue of 16.5 billion employees roughly 410,000 including the franchises.

Grocer Kroger employs 430,000 in 36 states in 2,700 locations with sales of $150,000.

Target has 440,000 in their US retail stores with sales of $107 billion.

Starbucks and their famed coffee have 381,000 brewing almost $36 billion in sales at 16,449 locations.

Dentists, clocking in at half the number at 202,000, but if you fold in everyone in the industry including dental hygienists, they have 1,140,861 people employed in the US dental industry as of 2023.

CocaCola’s total number of employees in 2022 was 82,500. This helps drive the juggernaut of beverages with more than 1.9 billion servings of drinks sold in more than 200 countries each day.

The US alcohol industry supports around 4 million jobs, including employment in production, distribution, sales, bartenders and other related services. They help drive the drinks market of $183.5 billion last year.

Constellation, the alcohol company invested in cannabis has approximately 10,000 employees and Diageo has 3,100 people across North America.

Tobacco manufacturing in 2021 had 16,767 people and generated $886.09 billion in 2023.

The U.S. pharmaceutical industry employs over 1.3 million people. It is the largest pharmaceutical market generating over $550 billion dollars.

There are 29,711 people employed in the Strip Clubs in the US as of 2023.

As the cannabis market continues to grow and partner with adjacent industries, it will another part of employments, economy and everyday life.

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BDSA

Is The Administration Racing To Reschedule By 4/20

Published

1 month ago

March 29, 2024

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After dragging their feet for 3 years, the Biden administration seems to be putting some juice to get the DEA to move

Is it opening the door to a new era? It seems the Biden administration has suddenly decided to follow up on their 2020 campaign promises. But does the sense of urgency reflect not only their need to engage younger voters but something else? Is the administration racing to reschedule by 4/20. President Biden brought up federal rescheduling as part of his proclamation declaring April to be “Second Chance Month.” Followed by his mentioning it in the State of the Union, this should be a signal to the Federal Drug Agency (FDA) to move on the recommendation by other agency and act.

Having made the promise, for almost the first 3 years of his tenure, Biden barely acknowledged the cannabis industry. This despite sales in the industry continues to grow and now, over 50% of the country has legal access to products. Those under 40 have an entirely different take on marijuana with Gen Z drifting away from alcohol and moving to weed. Beer sales have mirrored the societal shift. They have been out of step with the public.

joe biden kamala harris — Photo by Chip Somodevilla/Getty Images

Biden is struggling with younger voters. Media like the New York Times has been piling on by highlighting why he is losing and gently making it a much bigger issue. The campaign is concerned and sees to reengage this demographic. Biden is viewed favorably by only 31% of people ages 18 through 29, much worse than he fares with other age groups, according to a recent Economist/YouGov poll.

The White House begrudgingly started the process of rescheduling last year. Currently, cannabis classified as having zero medical benefit is lumped into the same category as heroin and LSD. Neither alcohol or tobacco are boxed into this category despite having zero health benefits and litany of problems the does cause.

Rescheduling would be an immediate benefit to an industry struggling with a host of issues including tough business rules around the classification, chaos in the New York and California market, and a dropping of flower prices. Some older Senators including James Risch (R-ID) and Pete Ricketts (R-NE) are making a last ditch effort to stop the process.

While 4/20 has long been a wink wink nod to marijuana use for those in the know, thanks to the legal sales it is another big media day. Like the 4th of July or Drinksgiving/Green Wednesday, it is a time where they could get the most engagement with the public.

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