Cannabis Sales Trends: Page 2

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.

Massachusetts Cannabis Sales Continue Growth With Record March Revenue

The state’s dispensaries sold 4% more cannabis in Q1 2024 than a year ago as the average flower price continues to trend downward at an all-time low.

Blurred Lines: Is This Hemp or Weed?

The emergence of the hemp-derived cannabinoid market is creating consumer confusion and raising critical questions about safety and market fairness.

How Do US Hemp-Derived Cannabinoid Sales and Craft Beer Sales Compare?

The U.S. hemp-derived cannabinoid market is “conservatively” estimated to be $28.4 billion, according to Whitney Economics’ “2023 National Cannabinoid Report,” making the market size the same as the 2022 craft beer market.

Whitney Economics Forecasts US Regulated Cannabis Sales to Top $31.4 Billion in 2024

The industry data and research firm also forecasts U.S. cannabis sales to grow to $67 billion by 2030 and $87 billion by 2035.

How Big Is the U.S. Market for Delta-8 THC and Other Intoxicating Hemp-Derived Cannabinoids?

Data from Brightfield Group shows the market may be bigger and growing faster than you might think.

BDSA Forecasts Global Legal Cannabis Sales to Hit $58 Billion in 2028

The cannabis market intelligence company projects that U.S. sales will account for nearly 80% of that global market share.

California’s Adult-Use Cannabis Market Eclipsed $5.1 Billion in ‘Taxable Sales’ in 2023

The state’s tax department released year-end figures showing a 4.7% year-over-year decline.

New California Cannabis Dashboards Shed Light on Harvest Trends, Retail Prices, Sales

The state’s Department of Cannabis Control launched the public data site to provide useful intel for industry stakeholders.

Ohio Patient Demand For Cannabis Flower Explodes Ahead of Adult-Use Launch

Card holders in the Buckeye State purchased nearly 88,000 pounds of flower last year as the average price for a “tenth” dipped to an all-time low.

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