Cannabis product sales Accelerate in December

A couple weeks ago, we indicated concern about a deceleration that is sharp cannabis sales during November. After reviewing data from BDSA for December in five mature markets that are western 3 more recent eastern areas, we conclude that the slowdown in November had not been significant.

Western Areas

BDSA provides protection for Arizona, Ca, Colorado, Nevada and Oregon. In growth ranged from 23% in Nevada to 42% in Oregon compared to a year ago december. These were all higher than the growth that is year-over-year final month.

Arizona

During December, Arizona medical cannabis product sales totaled $91.6 million, that has been up 6% from November and 30% from this past year. Flower, the part that is largest of the market at 50%, grew by 29%. Concentrates grew 39%, while pre-rolls, a part that is small of market, expanded 62%.

California

Sales in Ca expanded 5% sequentially and 25% from this past year to $314.2 million during December. Flower is still the quickest category that is growing increasing 41% from a year ago and representing 39% of the market.

Colorado

The Most adult-use that is mature, Colorado, is growing highly. In sales increased 34% from a year ago and 3% sequentially to $194.2 million december. Flower, at 43% of the market, grew 40% from a ago.

Nevada

The year downturn in tourism is apparently weighing on Nevada, which expanded simply 1% sequentially and 23% when compared with a ago to $74.8 million year. Flower, which represented 50% of the market, grew 43% from a ago year. Pre-rolls and edibles declined.cannabisOregon

Sales in Oregon spiked greater, aided by the growth that is year-over-year well above recent months at 42%. During the prior four months, growth had ranged from 32% to 39%, while during May, and July it ranged from 45% to 58% june. At $96 million,

product sales increased 7% sequentially. Flower, that has been 44% associated with market, expanded in accordance with general product sales, but concentrates and pre-rolls expanded faster, at 54% and 46% correspondingly.

Eastern Areas

In the more recent areas, the rate of development additionally accelerated from November. In these states, sequential prices are essential to monitor aswell, in addition they ranged from 10% development in December when compared with November for Maryland to 15per cent for Illinois. Observe that we composed about data for Illinois based on the state’s data yesterday, observing that sales were flat in January compared to December january. BDSA provides more data that are comprehensive hawaii, breaking into item kinds.cannabisIllinois

December finished the finish associated with first complete 12 months of adult-use product sales in Illinois, with overall* that is( sales rising 343% compared to a year-ago, before adult-use sales commenced. Sales grew 15% sequentially to $121.3 million. Interestingly, flower and concentrates are about equal in size at 34% and 33% respectively. Ingestibles, which were 18% of the market, grew 404% from a ago.

Maryland

December year represented record product sales for Maryland’s medical cannabis system too, which reached $44.9 million, up 63% from a ago and 10% from November year. Flower, which was 48% of the market, grew 72%.

Alan Brochstein, CFA
MassachusettscannabisSales in the combined adult-use and medical markets of Massachusetts also set a record in rising 11% from November and 75% from a year ago to $106.9 million december. The forex market continues to be stunted by too little shops. Flower had been the category that is largest at 41per cent, also it expanded of them costing only 30%. Development had been driven by concentrates, which expanded 410% and represented 27% associated with market.cannabisFor visitors thinking about a deeper glance at cannabis areas across these eight states and much more, including segmentation by extra item groups, brand name and product information, much longer history, and segmentation by item characteristics, understand how the BDSA GreenEdge system can offer you with limitless use of the absolute most accurate and actionable information and analysis.

Located in Houston, Alan leverages their experience as founder of social networks 420 Investor, the initial but still biggest diligence that is due focused on the publicly-traded stocks in the

industry. With his extensive network in the* that is( community, Alan continues to locate brand new how to link the industry and facilitate its sustainable development. At brand new Cannabis Ventures, he’s in charge of content development and alliances that are strategic. Before shifting his focus to the (*) industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an research that is independent after over 2 full decades in research and profile administration. A writer that is prolific with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email (*)Get Our Newsletter(* sunday)

#mc_embed_signup{background:#fff; clear:left; }
/* include your personal form that is mailChimp overrides in your website stylesheet or in this design block.
We suggest going this block while the CSS that is preceding link the top of the HTML file. */

(*)

Latest posts