Cannabis Sales Slipped in January
- Cannabis sales across 15 states totaled $2.07 billion in January, a 3.1% sequential decrease but a 4.6% increase compared to the previous year.
- BDSA tracks cannabis sales in western states (Arizona, California, Colorado, Nevada, Oregon) where year-over-year growth was negative in four states, and sales declined sequentially in each.
- In eastern states (Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio, Pennsylvania), year-over-year growth varied from -3.1% in Missouri to +37.6% in New York, with Ohio’s adult-use market launch boosting growth.
- Florida and Pennsylvania remain medical-only markets with signs of slowing sales growth despite increases in dispensaries and unit volumes, highlighting competitive pressure in these markets.
New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 15 states.
Cannabis sales decreased 3.1% sequentially in January. 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 15 markets totaled $2.07 billion during January, which was up 4.6% from a year ago. BDSA updated its Illinois numbers after the state changed its way of counting sales recently.
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In December, year-over-year growth was negative in 4 states. Growth fell sequentially in each of these states.
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio and Pennsylvania. In December, year-over-year growth ranged from –3.1% in Missouri to +37.6% in New York. Ohio began adult-use in August which has boosted the growth. Note that Florida and Pennsylvania are medical-only markets. Sequential growth on a per-day basis was down in eight markets. The annual growth was negative in two markets and up sharply in two states. We have been warning about Florida potentially slowing despite the strong growth in dispensaries and in unit volumes due to competitive pressure.
For readers interested in a deeper look at cannabis markets across these fifteen 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.