Cannabis industry professionals give their thoughts on the cannabis market in general. Some states (New York, Maryland, etc.) are still growing rapidly. Some are staying about the same (Michigan, Oregon, etc.). And others are shrinking significantly (California, Arizona, etc). Focus on a specific state or the industry at large.
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Sales
U.S. cannabis sales continue to grow overall, but nine major states saw sales decline from 2023 to 2024, while the significant growth is coming from the newest adult-use markets.
While some state markets continue to grow, the earliest adult-use states are seeing shrinking total sales. Do you think enthusiasm/interest in legal cannabis is slowing…
In 2014, Washington became the second state to commence recreational cannabis sales. Vertical integration and out-of-state funding are still prohibited for licensed cannabis businesses, and retail sales are taxed at the highest rate in the country.
Illinois cannabis stores sold more than $1.6 billion in recreational cannabis products during 2023, a 5% increase over 2022 recreational cannabis sales according to the…
State report shows 2023 was a record-breaking year for Arkansas’ medical cannabis industry Arkansas’ medical cannabis industry just concluded its biggest year for sales, according…
Recreational cannabis sales saw a significant boost thanks to holiday shoppers looking to take the edge off their Thanksgiving holiday Recreational cannabis retailers saw a…
Although 7/10 may still be a minor holiday in the cannabis industry compared to 4/20, retailers still saw a sales bump from the concentrates-focused event.…
April 20 once again proved to be the holiday cannabis retailers hoped for, generating huge sales numbers in nearly every market, with Headset reporting that…
As the industry continues to mature, wholesale prices on flower, concentrates and pre-rolls continue to drop, according to a new analysis of 13 state markets…