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American Cannabis Sales Lift 5% in December

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/