New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states.
Cannabis sales increased 3.5% sequentially in August after increasing 0.8% in July, according to cannabis data analytics firm BDSA. Looking at a per-day basis, sales increased 3.5% sequentially since both months have 31 days. In this review, we share the results by state, beginning with the eastern markets and then concluding with the western markets. In total, BDSA estimates that sales across the 11 markets totaled $1.83 billion during the month.
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In August, year-over-year growth ranged from 3.4% in Massachusetts to +121.6% in Maryland. Note that Florida and Pennsylvania are medical-only markets. Sequential growth was slightly negative in two markets, and only Michigan grew on a per-day basis. Annual growth was meager except in two states, and the growth in Florida was the slowest yet recorded.
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In August, year-over-year growth was negative again in 4 of the 5 states, with the annual growth rates ranging from -10.1% in Colorado to +10.4% in Nevada. Only Nevada grew sequentially. California fell from a year ago, but the decline was less than it has been for the past 18 months.
For readers interested in a deeper look at cannabis markets across these eleven states and more, including segmentation by additional product categories, brand and item detail, longer history, and segmentation by product attributes, learn how BDSA Solutions can provide you with access to actionable data and analysis.