New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 11 states.
Cannabis sales decreased 0.5% sequentially in May after decreasing 3.6% in April, according to cannabis data analytics firm BDSA. Looking at a per-day basis, sales decreased 3.7% sequentially. In this review, we share the results by state, beginning with the eastern markets and then concluding with the western markets. In total, BDSA estimates that sales across the 11 markets totaled $1.71 billion during the month.
Eastern Markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In May, year-over-year growth ranged from -9.5% in Maryland to +31.9% in Michigan. Note that Florida, Maryland and Pennsylvania are medical-only markets, though Maryland has introduced adult-use in July. Sequential growth was negative in three markets and in all markets on a per-day basis.
Western Markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In May, year-over-year growth ranged from -14.3% in California to -2.0% in Nevada compared to a year ago. Nevada was the only state of the 11 BDSA tracks that grew on a per-day basis sequentially.
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.
