Blunt Business

The guest was Roy Bingham, the CEO of BDSA, who provides businesses with cannabis market intelligence, consumer research, and advisory services. He was welcomed on and apologized for the 50 emails. Roy thanked Leo and mentioned that everyone in the company is smarter than him. The host remembered meeting Roy's team at the NCIA's Cannabis Business Summit in 2016 and said everyone was delightful. The host also remembered having Roy on the 2018 show Cannabis Connection.Roy Bingham, CEO of BDSA, recently released an updated five-year global legal cannabis market forecast, predicting that legal cannabis spending will grow from $32 billion in 2022 to nearly $60 billion by 2027 at a compound annual growth rate of 13.2%. The US is predicted to drive this growth, especially with adult-use markets in Missouri, New Jersey, and New York, as well as the top four markets of Florida, Illinois, Massachusetts, and Michigan, which will see an increase of nearly 10% in 2023, adding $770,000,000 in new spend. Despite the