Majority of Frequent Cannabis Consumers Report Increased Spending, Survey Finds

A recent consumer poll conducted by NuggMD has uncovered significant trends in cannabis spending among frequent users. According to the findings, 61% of respondents reported spending 'more' or 'much more' on cannabis over the past year. This trend appears poised to continue, with 45% of those surveyed anticipating an increase in their cannabis expenditures over the next year. Only 25% indicated plans to reduce their spending, suggesting a robust and growing demand for cannabis products.

Andrew Graham, head of communications at NuggMD, commented on the resilience of the cannabis market, 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.' The poll, which was first reported by Marijuana Moment, underscores the potential for sustained growth in the cannabis industry.

The methodology behind the poll involved two separate surveys conducted in October, with margins of error of 5.9% and 4.8%, respectively. NuggMD's polling 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 expectations.

These findings are particularly relevant for businesses operating within the cannabis and psychedelic industries, as they highlight not only the current strength of consumer demand but also its anticipated growth. For more information on NuggMD and its research, visit https://www.nuggmd.com.