Drivers Behind Year-Over-Year Changes in March Cannabis Sales for 11 States

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This week, New Cannabis Ventures published an exclusive look into BDSA’s monthly cannabis sales data for 11 states. We encourage readers interested in a deeper picture to review the article above.

According to the data, sales remained relatively flat sequentially on a per-day basis and, compared to last year, sales expanded in Arizona, Florida, Illinois, Massachusetts and Michigan.

The biggest growth driver was pre-rolls in Arizona, jumping 224%, Illinois, increasing 32%, and Massachusetts, gaining 25%. Ingestibles sales grew the most in Florida, expanding 73%. Concentrates, the strongest category in Michigan, were up 12%. In California, Colorado, Nevada and Oregon, lower flower sales appeared to drag down the overall sales for the month. Maryland experienced declines in all categories, while in Pennsylvania, the vape recall caused an 8% decrease in concentrates.

As the only fully-integrated cannabis distribution solution, Humble & Fume bridges the gap for retailers, licensed cannabis producers, multi-state operators and cannabis consumers to maximize sales penetration and increase financial performance. The company offers an expansive portfolio of over 300 brands and has a customer base of over 3,000 cannabis retail relationships across North America.

Get up to speed by visiting the Humble & Fume Investor Dashboard that we maintain on their behalf as a client of New Cannabis Ventures. Click the blue Follow Company button in order to stay up to date with their progress.

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Alan & Joel

Exclusive article by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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