BDSA announced that Roy Bingham will be stepping down from his role as chairman of the board. This change comes six years after Bingham and Elisabeth Stahura founded the company. Bingham’s dedication and drive helped BDSA become the fold standard in cannabinoid market research.
“Founding and leading BDSA was a terrific experience and challenge as the company grew with the cannabis industry. We’ve built an exceptional team and I look forward to my continued involvement on the board as the company navigates another surge of expansion,” says Bingham. Bingham will continue to serve as a director on the board and provide guidance and expertise as the company explores expansion options. This change will allow Bingham to dedicate additional energies to new business activities while continuing to support BDSA.
The chairman role will be filled by Pete Karabas, a founding partner of KEY Investment Partners, who brings a wealth of experience in private equity and finance. “I look forward to an expanded role as chairman as I help the company evaluate opportunities to capitalize on this unprecedented growth,” says Karabas. “We are focused on expanding an already exceptional team by recruiting executives to drive technology, operations, and product development as the company continues to fulfill the needs of clients.”
BDSA’s 2021 expansion plans include aggressive moves into Michigan, Florida, New York, New Jersey, Ohio, and Pennsylvania, as well as continued expansion in Canada. BDSA’s updated five-year market forecasts, to be released on February 22, 2021, will once more reaffirm the staggering growth rate of the cannabis industry as more consumers participate in both medical and adult-use cannabis markets.