The cannabis industry is riding a wave of sustainability, driven by consumer demand for eco-conscious products and practices. Brightfield Group's latest research reveals that cannabis consumers are not merely participants in this movement; they're leading the charge, setting a high bar for brands to meet their expectations.
Our 2023 data from 21,752 general population census-balanced U.S. consumers and 4,786 cannabis consumers paints a clear picture of the eco-conscious cannabis consumer:
Despite this enthusiasm for eco-friendly products, a "green paradox" persists. A significant 65.3% of cannabis consumers believe that sustainable options are too expensive.
This perception, coupled with a slight decline in sustainable product purchases product purchases among cannabis consumers from 2022 to 2023, suggests a potential disconnect between values and affordability.
Several cannabis companies are already demonstrating their commitment to sustainability:
The cannabis industry still faces significant hurdles on its path to full sustainability. Energy-intensive indoor cultivation, water usage in drought-prone regions, and transportation emissions are all areas that require innovative solutions.
However, the growing demand for sustainable cannabis, backed by our data, is a powerful catalyst for change. Consumers are increasingly willing to pay a premium for eco-friendly products, and brands that prioritize sustainability are gaining a competitive edge.
As the industry matures, we expect to see continued investment in renewable energy, water conservation technologies, and sustainable farming practices. The green revolution is gaining momentum, and Brightfield Group will be there to track its progress and provide valuable insights to help brands navigate this evolving landscape.
At Brightfield Group, we're more than just data analysts – we're navigators in the rapidly evolving landscape of wellness and sustainability. Our unique vantage point at the intersection of consumer trends, market forces, and social values allows us to offer unparalleled insights into the cannabis industry and beyond.
By tracking consumer surveys, social media conversations, and predictive analytics across various industries, we identify emerging patterns and guide brands towards a future where wellness and sustainability are not just buzzwords, but essential pillars of success.
Updated: 5/15/2024