New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states.
Cannabis sales decreased 7.1% sequentially in January after increasing a small amount in December, according to cannabis data analytics firm BDSA. In this review, we share the results by state, beginning with the western markets and then concluding with the eastern markets. In total, BDSA estimates that sales across the 11 markets totaled $1.71 billion during the month.
Western Markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In January, year-over-year growth was negative in 3 of the 5 states, with the annual growth rates ranging from -13.9% in Colorado to 2.1% in Nevada. Growth rose sequentially in all but Nevada.
Eastern Markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In January, year-over-year growth ranged from 1.7% in Illinois to +133.5% in Maryland, which recently introduced adult-use. Note that Florida and Pennsylvania are medical-only markets. Sequential growth was negative in all markets. The annual growth in Florida fell from December and was the lowest yet, and annual growth was meager except in two states.
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.
