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Cannabis Sales Trends
Falling Cannabis Prices Meant Less Revenue for Arkansas Dispensaries in 2024
The state’s licensed retailers sold 21.5% more pounds of medical cannabis in 2024 than in 2023, but revenue shrank 2.5%.
Illinois Sets Record $2 Billion in Cannabis Sales in 2024
The Prairie States’ retail market grew 2.5% year-over-year, but sales attributed to out-of-state customers are down 20% since 2022.
New York’s Medical Cannabis Sales Figures Go Unsung in 2024
The state’s 32 medical cannabis dispensaries eclipsed nine figures for the year, pushing the state’s combined sales total close to $1 billion for 2024 alone.
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.
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