Cannabis Sales Trends: Page 8

Montana Adult-Use Cannabis Sales Set Record, Approach 75% of Market

The state’s combined medical and adult-use cannabis sales eclipsed $26.8 million in August.

New Mexico’s Total Cannabis Sales Set New Record in August

The state’s total medical and adult-use cannabis sales surpassed $40 million last month.

Illinois Cracks $1 Billion in Adult-Use Cannabis Sales So Far in 2022

The state’s retail market is humming along with a 16% increase in sales compared to 2021.

Monthly Sales, Annual Revenue and Profits

For many traditional retailers, last year held surprises at every turn—some good and some bad. Cannabis retailers haven’t been immune, according to sales and profit data from the 2022 Cannabis Dispensary State of the Industry Report.

Examining the Cannabis Dispensary Market

When state legalization of medical and adult-use cannabis began to spread, consumers who crossed dispensary thresholds were just happy to have access to legal product.

Eastern Cannabis Markets Expected to Dominate

Brightfield Group anticipates most industry growth in the next five years to come from states that have recently legalized adult-use and expected to launch sales soon.

California Q2 Cannabis Sales Up, Taxes Trend Down

The state’s adult-use cannabis sales rebounded slightly to $1.2 billion, a 2.9% increase from the previous quarter; taxes continue on four-quarter dip.

New Jersey Sees Roughly 10% Monthly CGR in Cannabis Dollar Sales, Per BDSA

The firm also notes that flower purchases account for more than half of monthly dollar sales in New Jersey.

New Mexico Total Cannabis Sales Top $40 Million in July

Adult-use sales accounted for about $23.5 million.

Lounges Likely to Broaden Las Vegas Tourism Appeal

What Nevada cannabis consumption spaces can learn from brand and product assortment in the California market.

Michigan Cannabis Flower Dives to $122 Per Ounce, An All-Time Low

Overall sales continue to climb despite the average retail flower price dipping $87 per ounce from June 2021 to June 2022.

Illinois Adult-Use Cannabis Sales Reach $1.5 Billion

Sales are up 50% from last year, and the state has received nearly $450 million in tax revenue.

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