Cannabis Sales Remain Slow

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states.

Cannabis sales increased 1.7% sequentially in February after plunging in January, according to cannabis data analytics firm BDSA. With two fewer days, the growth on a per-day basis was 8.7%. 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 $1.74 billion during the month.

BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In February, year-over-year growth  was negative in 3 of the  5 states, with the annual growth rates ranging from -9.5% in Colorado to 4.4% in Oregon. Growth rose sequentially in two of the states..

BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In February, year-over-year growth ranged from 5.8% in Florida to +134.3% in Maryland, which recently introduced adult-use. Note that Florida and Pennsylvania are medical-only markets. Sequential growth was negative in 2 markets.  The annual growth in Florida fell from December and was the lowest yet, and annual growth was meager except in three 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.