Cannabis Sales Were Soft In July
Cannabis sales increased 0.5% sequentially in July, which was a decrease on a per-day basis of 2.7%. In this review, we share the results by state, beginning with the western markets and then concluding with the eastern markets. In total, BDSA estimates that sales across the 15 markets totaled $2.20 billion during July, which was up 6.3% from a year ago. Excluding the large gain in New York, which I explain below, sales rose 1.6%.
Western Markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In July, year-over-year growth was negative in all 5 states except for one, with the annual growth rates ranging from -1.1% in Arizona to 0.8% in California. Growth rose sequentially on a per-day basis in one of these states.
|
|
Sales |
Sequential |
Annual |
|
State |
(millions) |
Growth |
Growth |
|
Arizona |
$87.4 |
-3.7% |
-11.1% |
|
California |
$398.5 |
-0.1% |
0.8% |
|
Colorado |
$113.7 |
3.7% |
-7.2% |
|
Nevada |
$67.7 |
1.6% |
-3.4% |
|
Oregon |
$78.2 |
2.2% |
-4.9% |
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