Robust Flower need Fuels Strong Cannabis product sales development in

After substantial slowing in year-over-year growth across 8 markets that BDSA covers in November,

sales growth bounced back in December january. The January data suggests a mixed picture of growth trends, but one conclusion is quite apparent: Flower continues to be in exceptionally strong demand, signaling that the legal markets continue to convert consumers of the market that is illicit. In this review, we are going to go through the areas one-by-one, you start with the greater mature markets that are western then concluding with the newer Eastern markets.

Western Markets

BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In growth ranged from 19% in Nevada to 48% in Oregon compared to a year ago.

ArizonacannabisDuring january January, Arizona medical

product sales totaled $87.7 million, down 4% from December or over 23.9% from this past year. This price of development is down from 30.3per cent in December and 28.4% in November and represents the growth that is slowest in more than a year. In contrast to most of the other states, flower grew inline that is only overall product sales, increasing 22.5%, with concentrates expanding 29.6%. Pre-rolls, a category that is relatively small grew by 83.1% compared to a year ago.

California

California

sales expanded 28.6% in to $243.5 million, which was an increase from 25% in December and 24% in November january. The decline that is sequential 0.4%. Flower sales,which were 35.6% of overall sales, continued to lead growth, expanding 44% during the with pre-roll demand strong as well month. The category that is pre-roll which is more than 10% of the market, grew almost 36% compared to a year ago.

Colorado

Colorado, the first state to legalize for adult-use, continues to grow at a fast pace, with January sales of $140.9 million increasing 35.5% compared to a year ago as they fell 1.7% sequentially. The growth almost matched the level that is highest of this previous 12 months, whenever it reached 35.7% in might, plus it expanded from 33.7per cent in December and 31.7% in November. Right here, too, flower led just how, expanding 45.3% from a ago and representing 41.5% of the market.

Nevada

Nevada year Represented the growth that is slowest among any state the type of included in BDSA since it proceeded to begin to see the market hampered by reduced tourism. Sales of $74.2 million grew 19.1% compared to a year ago as they fell 0.8% from December, but this was below the 23.2% in December and 22.0% in November january. Flower sales grew 39.8%. Perhaps reflecting the absence of robust tourism, pre-rolls declined by 12% and ingestibles by 1% from a ago.

Oregon

Oregon year continues to demonstrate growth that is astonishingly high with January sales of $100.2 million expanding 48.2% from a year ago, an acceleration from the 42% in December and 32% in November. The market was the only market that is mature develop sequentially, gaining 4.4%, Flower product sales, at 49%, expanded only somewhat faster compared to the market, with concentrates expanding 57.1%.

Eastern AreascannabisIn the more recent areas, the price of development additionally accelerated from November. In these states, sequential prices is essential to monitor also, and so they increased marginally in all the states. Observe that we composed about data for Illinois based on the state’s data a month ago observing that sales were flat in January compared to December january. BDSA provides more data that are comprehensive hawaii, breaking into item kinds.

Alan Brochstein, CFA
IllinoiscannabisAt $121.5 million, the blended medical and adult-use areas in Illinois, product sales expanded 0.2% sequentially and 94.1% from this past year because the state celebrated the anniversary that is first of sales. Flower grew 181% and represented over 43% of the market.cannabisMarylandcannabisMaryland’s Medical market increased 3.3% sequentially to $46.4 million and grew 55.2% from a year ago, it’s growth that is slowest to date and down from 63.3per cent in December and 59% in November. Flower sales grew 71%, trailing just ingestibles, which expanded 78%.

Massachusetts

The combined medical and adult-use market in Massachusetts expanded 1.8percent sequentially in January, reaching an high that is all-time of108.7 million, up 70.9% from this past year. The development ended up being modestly slow compared to December, whenever it expanded 74.8%, but in front of the 68.4% yearly development in November. Flower expanded at 68.5%, with development in concentrates at 85.5%.


For visitors enthusiastic about a deeper have a look at (*) 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 provides you with limitless usage of probably the most accurate and actionable information and analysis.(*)
Situated in Houston, Alan leverages their experience as founder of social networks 420 Investor, 1st 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 get brand new techniques to link the industry and facilitate its sustainable development. At brand new Cannabis Ventures, he could be 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)

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