A recent consumer poll conducted by NuggMD has unveiled significant insights into the spending habits of frequent cannabis users, indicating a robust and growing demand within the cannabis industry. According to the findings, 61% of respondents reported spending 'more' or 'much more' on cannabis products over the past year. This trend appears set to continue, with 45% of those surveyed anticipating an increase in their cannabis expenditures in the coming year, compared to only 25% who plan to reduce their spending.
The poll, which was first reported by Marijuana Moment, highlights the resilience of the cannabis market, even in the face of economic uncertainties. Andrew Graham, head of communications at NuggMD, remarked on the implications of these findings, stating, 'This data says that the demand side of the market is durable and highly resilient. Cannabis might be among the most recession-proof consumer products, because most cannabis use is rooted in wellness, not indulgence.'
Methodologically, the polls were conducted over two separate periods in October, with margins of error of 5.9% and 4.8%, respectively. NuggMD's research leverages a vast sample of nearly 1.2 million frequent cannabis consumers residing in state-legal markets, providing a comprehensive snapshot of consumer behavior and preferences.
For further details on NuggMD and its services, visit https://www.nuggmd.com.
