Cannabis Sales Trends

11 States Projected to Be Billion-Dollar Cannabis Markets in 2024

Maryland will be the newest state to join the 10-figure club this year, while three other states are expected to come just shy of the sales mark.

Michigan Dispensaries Set Monthly Sales Record in August, Closing Gap on California

The Wolverine State’s licensed cannabis facilities broke a single month record for revenue and flower pounds sold.

24 Adult-Use Dispensary Licenses Still Up for Grabs in Rhode Island via Lottery

Regulators are finalizing rules for a licensing process nearly two years after existing medical cannabis operators expanded to recreational sales.

Custom Cones USA Report Reveals Pre-Roll Industry Generated $4.1 Billion in Sales Over 18 Month

The company partnered with industry intelligence provider Headset to provide insights into the current state of the pre-roll market.

Ohio Cannabis Dispensaries Report $56.5 Million in First 19 Days

The Buckeye State’s retailers have sold nearly $33 million in adult-use cannabis and $23.5 million in medical cannabis since the market expanded.

Arkansans Buying More Medical Cannabis Ahead of Potential Program Expansion

The state’s 37 dispensaries rang up nearly $23 million in July sales, as medical cannabis advocates scramble to collect extra signatures for a ballot measure.

Ohio Dispensaries Ring Up $38.4 Million in Cannabis Sales in First 12 Days

The Buckeye State is now on pace for a $1.2 billion annual run rate for combined adult-use and medical cannabis sales.

Cannabis Beverage Sales Growth Slower Than Edibles Sales Growth

While daily cannabis consumption now outpaces daily consumption of alcoholic beverages in the U.S., cannabis beverages continue to comprise a small percentage of the overall market.

As Predicted, 4/20 Sales Surged During Cannabis Industry Holiday Weekend

Sales on both Friday and Saturday were up significantly, and retailers offered higher discounts to entice customers when compared to previous years.

Michigan’s Adult-Use Cannabis Sales Up 21% From Last Year

The nation’s second-largest market reported nearly $1.1 billion in sales through the first four months of 2024.

High Tide Reports Nearly CA$2 Million in Cannabis Sales on 4/20

The Canadian cannabis company experienced a 35% increase in total sales across all retail platforms from the previous Saturday.

This Year’s 4/20 Poised to Be the Biggest Yet

With the cannabis industry holiday falling on a Saturday and more adult-use markets online than ever before, analysts predict sales will soar above 2023’s strong performance.

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