Sunday, February 12, 2023 8:32:00 AM
February 6, 2023 at 3:52 pm
Exclusive article by Alan Brochstein, CFA
US Cannabis Sales are GROWING once again!!!!
Cannabis sales increased 5.3% in December compared to November according to cannabis data analytics firm BDSA. Looking at a per-day basis, sales increased 2.0% month-over-month. In this review, we will look at the markets one-by-one, beginning with the eastern markets and then concluding with the western markets. In total, BDSA estimates that sales across the 11 markets totaled $1.68 billion during the month.
Eastern Markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In December, year-over-year growth ranged from -11.6% in Maryland to 32.0% in Michigan. Note that Florida, Maryland and Pennsylvania are medical-only markets, though Maryland is introducing adult-use soon.
Florida
Sales spiked 5.3% higher from November in December to $206.6 million, up 26.1% from a year ago and a new record month. Flower sales rose 29% from a year ago, while pre-rolls grew just 2%. Ingestibles gained 30%, and concentrates expanded by 25%.
https://www.newcannabisventures.com/american-cannabis-sales-lift-5-in-december/
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM