New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states.
Cannabis sales increased 6.8% sequentially in March after plunging in January and rebounding modestly in February, according to cannabis data analytics firm BDSA. With two more days, the growth on a per-day basis was -0.1%. 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 $1.85 billion during the month.
Western Markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In March, year-over-year growth was negative in 3 of the 5 states, with the annual growth rates ranging from -14.4% in Colorado to 1.2% in Oregon. Growth rose sequentially in each of the states.
Eastern Markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In February, year-over-year growth ranged from 1.8% in Florida to +138.1% in Maryland, which recently introduced adult-use. Note that Florida and Pennsylvania are medical-only markets. Sequential growth was positive in all 6 markets. The annual growth in Florida fell from 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.
