New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states.
Cannabis sales decreased 2.8% in November compared to October according to cannabis data analytics firm BDSA. Looking at a per-day basis, sales increased 0.5% month-over-month. In this review, we will look at the markets one-by-one, beginning with the eastern markets and then concluding with the western markets. In total, BDSA estimates that sales across the 11 markets totaled $1.60 billion during the month.
Eastern Markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In November, year-over-year growth ranged from -13.1% in Maryland to 37.4% in Florida. Note that Florida, Maryland and Pennsylvania are medical-only markets, though Maryland is introducing adult-use soon.
Florida
While sales dipped 2.7% from October, they soared 37.4% from a year ago to $196.1 million. Flower sales grew 44% from a year ago, while pre-rolls grew only 6%. Concentrates expanded by 40%, and ingestibles grew by 32%.
Illinois
We previously published data released by the state showing that sales fell 0.8% from October and increased 4.2% from November 2021. BDSA estimated sales of$158.7 million, in line with the state-released data. Flower sales expanded by 3% from a year ago, while pre-rolls grew 18%. Concentrate sales gained 7%, while ingestibles fell 2%.
Maryland
The slumping Maryland medical market fell again, dropping 0.8% sequentially and 13.1% from a year ago to $38.1 million. Flower sales fell 13% from a year ago, and pre-rolls dropped 9%. Concentrate sales fell 18%, while ingestibles fell just 1%.
Massachusetts
Sales of $142.8 million fell 3.5% sequentially and rose 1.4% from a year ago. Flower sales grew 6% from November 2021, while pre-rolls expanded by 1%. Concentrates sales were 3% lower, and ingestibles fell 2%.
Michigan
We had previously written about data released by the state indicating that Michigan cannabis sales fell 2.9% sequentially and grew 33.2% year-over-year. BDSA estimated sales similar to the state at $203.4 million. Flower sales grew 40% from a year ago, while pre-rolls soared 66%. Concentrates expanded by 23%, and ingestibles grew 9%.
Pennsylvania
Sales picked up in November, gaining 1.2% sequentially and falling just 6.9% from a year ago to $93.2 million. Flower sales fell 2% from a year ago, ingestibles gained 1% and concentrates declined 12%.
Western Markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In November, year-over-year growth ranged from -23.8% in Nevada to -2.5% in Arizona compared to a year ago.
Arizona
Combined sales of $106.7 million decreased 1.1% from October and fell 2.5% from a year ago. Medical sales of $37.8 million fell 5% sequentially and 28% from a year ago. Adult-use sales of $68.9 million increased 1% from October and 21% from a year ago. Flower sales fell 11% from a year ago, while pre-rolls soared 31%. Ingestibles gained 7%, and concentrates fell 4%.
California
Sales fell 3% sequentially to $387 million, down 17.4% from a year ago. Prior data was revised by the state. Flower sales fell 24%, while pre-rolls dropped 9% from a year ago. Concentrates dropped 17%, and ingestibles fell 11%.
Colorado
Sales of $134.5 million were down 5.3% sequentially and 15.2% from a year ago. Flower sales fell 12% from a year ago, while pre-rolls dropped 16%. Concentrates declined by 15%, and ingestibles plunged 20%.
Nevada
Nevada sales dropped 4.8% sequentially and 23.8% from a year ago to $62.4 million. Flower sales dropped 28% from a year ago, while pre-rolls fell 19%. Concentrates declined 18%, and ingestibles plunged 26%.
Oregon
Dropping 5% sequentially, sales of $75.4 million fell 12.7% from a year ago. Flower sales fell 22% from a year ago, while pre-rolls advanced by 7%. Concentrate sales were 13% lower, and ingestibles were unchanged.
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.
