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, cannabis 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 glance at the areas one-by-one, starting with the greater amount of 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.


During january January, Arizona cannabis that are medical totaled $87.7 million, down 4% from December and up 23.9% from a year ago. This rate of growth is down from 30.3% in December and 28.4% in November and represents the growth that is slowest much more than per year. On the other hand to the majority of associated with the other states, flower grew inline that is only overall sales, increasing 22.5%, with concentrates expanding 29.6%. Pre-rolls, a category that is relatively small expanded by 83.1per cent when compared with per year ago.


California cannabis product sales expanded 28.6percent 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 product sales,which had been 35.6% of general product sales, proceeded to lead development, expanding 44% through the with pre-roll demand strong as well month. The category that is pre-roll which can be a lot more than 10% associated with the market, expanded very nearly 36% when compared with a year ago.


Colorado, the very first state to legalize for adult-use, keeps growing at an easy rate, with January product sales of $140.9 million increasing 35.5per cent when compared with last year because they dropped 1.7% sequentially. The development nearly matched the level that is highest of the past year, when it reached 35.7% in May, and it expanded from 33.7% in December and 31.7% in November. Here, too, flower led the way, expanding 45.3% from a ago and representing 41.5% of the market.


Nevada year Represented the growth that is slowest among any state among those covered by BDSA as it continued 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%. Maybe showing the lack of robust tourism, pre-rolls declined by 12% and ingestibles by 1% from a ago.


Oregon year continues to exhibit growth that is astonishingly high with January product sales of $100.2 million expanding 48.2% from last year, an acceleration through the 42percent in December and 32% in November. Industry had been the just market that is mature grow sequentially, gaining 4.4%, Flower sales, at 49%, grew only slightly faster than the market, with concentrates expanding 57.1%.

Eastern Markets

In the newer markets, the rate of growth also accelerated from November. In these states, sequential rates can be important to monitor as well, and they increased marginally in each of the states. Note that we wrote about January data for Illinois based on the state’s data a month ago observing that sales were flat in January compared to December. BDSA provides more data that are comprehensive hawaii, breaking into item kinds.

Alan Brochstein, CFA

At $121.5 million, the blended medical and adult-use areas in Illinois, product sales expanded 0.2% sequentially and 94.1% from last year since the state celebrated the anniversary that is first of sales. Flower grew 181% and represented over 43% of the market.


Maryland’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 last year. The development ended up being modestly slow compared to December, whenever it expanded 74.8%, but prior to the 68.4% yearly development in November. Flower expanded at 68.5%, with development in concentrates at 85.5%.(*)For visitors thinking about a deeper consider 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, find out how the BDSA GreenEdge system provides you with limitless use of the absolute most accurate and actionable information and analysis.(*)
Situated in Houston, Alan leverages their experience as founder of social network 420 Investor, 1st but still biggest diligence that is due focused on the publicly-traded stocks in the cannabis industry. With his network that is extensive in cannabis 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 cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an research that is independent following over two decades in research and portfolio management. 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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