After substantial slowing in year-over-year growth across 8 markets that BDSA covers in November,
sales growth bounced back in December january. The January data suggests a mixed picture of growth trends, but one conclusion is quite apparent: Flower continues to be in exceptionally strong demand, signaling that the legal markets continue to convert consumers of the market that is illicit. In this review, we are going to glance at the areas one-by-one, starting with the greater mature markets that are western then concluding with the newer Eastern markets.
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In growth ranged from 19% in Nevada to 48% in Oregon compared to a year ago.
ArizonacannabisDuring january January, Arizona medical
product sales totaled $87.7 million, down 4% from December or more 23.9% from last year. This price of development is down from 30.3percent in December and 28.4% in November and represents the growth that is slowest in more than a year. In contrast to most of the other states, flower grew only inline with overall sales, increasing 22.5%, with concentrates expanding 29.6%. Pre-rolls, a category that is relatively small expanded by 83.1per cent when compared with per year ago.
product sales expanded 28.6percent in to $243.5 million, which was an increase from 25% in December and 24% in November january. The decline that is sequential 0.4%. Flower product sales,which had been 35.6% of general product sales, proceeded to lead development, expanding 44% through the with pre-roll demand strong as well month. The category that is pre-roll that is a lot more than 10% for the market, expanded nearly 36% when compared with a year ago.
Colorado, the very first state to legalize for adult-use, keeps growing at an easy rate, with January product sales of $140.9 million increasing 35.5per cent when compared with last year because they dropped 1.7% sequentially. The development nearly matched the level that is highest of the past year, when it reached 35.7% in May, and it expanded from 33.7% in December and 31.7% in November. Here, too, flower led the way, expanding 45.3% from a ago and representing 41.5% of the market.
Nevada year Represented the growth that is slowest among any state among those covered by BDSA as it continued to see the market hampered by reduced tourism. Sales of $74.2 million grew 19.1% compared to a year ago as they fell 0.8% from December, but this was below the 23.2% in December and 22.0% in November january. Flower sales grew 39.8%. Possibly showing the lack of robust tourism, pre-rolls declined by 12% and ingestibles by 1% from a ago.
Oregon year continues to exhibit growth that is astonishingly high with January product sales of $100.2 million expanding 48.2% from last year, an acceleration through the 42percent in December and 32% in November. Industry ended up being the just market that is mature grow sequentially, gaining 4.4%, Flower sales, at 49%, grew only slightly faster than the market, with concentrates expanding 57.1%.
Eastern MarketscannabisIn the newer markets, the rate of growth also accelerated from November. In these states, sequential rates can be important to monitor as well, and they increased marginally in each of the states. Note that we wrote about data for Illinois based on the state’s data a month ago observing that sales were flat in January compared to December january. BDSA provides more data that are comprehensive the state, breaking into product types.