With the spread of marijuana legalization, there is a growing demand for data on this newly legal industry; and in states like Washington, information is already starting to roll in. On Jan. 21, 2016, the marijuana research firm BDS Analytics released a comprehensive report on Washington’s market.
In the report, analysts found that Q4 marijuana sales in 2015 had increased approximately 430 percent from the previous year, with 10 of Washington’s 31 counties generating 81 percent of the state’s total marijuana sales. BDS Analytics based its findings upon data captured from dispensary point-of-sale systems.
“We have now normalized and categorized millions of transactions in Washington state in our GreenEdge database and that forms the basis of this report,” said Roy Bingham, CEO and Founder of BDS Analytics, in a press release. “We are very impressed by the rapid pace of sales growth and fascinated with a wide range of valuable data points.”
In the coming months, the company has plans to release additional reports on marijuana trends in Colorado and Oregon, as well as more in-depth reports on the market in Washington.