The new Cannabis Ventures offers readers this easy reading of BDSA’s Cannabis for 15 monthly data states.
In September, the sale of Cannabis decreased by 4.3%, which decreased by 1.1%. In this review, we share the results by the state, from Western markets, then concluding with the Eastern markets. In total, BDSA estimates that the sale of $ 2.06 billion in the 15 markets amounted to 7.1% a year ago. Excluding the great interest in New York, which I explain below has increased by 1.2%. It should be noted that BDSA has historically reviewed the data of Florida and Pennsylvania.
Western markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In September, in 3 countries, there was negative growth at the end of the year. Growth was successively fell on a successive basis in three of these countries.
Eastern markets
BDSA provides coverage of Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio and Pennsylvania. In September, the growth of a new jersey in New York was fluctuating from 4.9%, and the sale of its adults, which included BDSA from January, but first became a few months ago. Ohio started adult’s use in August, which stimulated the growth. It should be noted that in Florida and Pennsylvania are medical markets. The sequential growth was smooth in two markets and more negative markets and fell in these three markets on the basis of the day. The annual growth remained except for two states. We warn about Florida, which can be slowed down, despite the strong growth of the dispensary and due to competitive pressure, and it fell at the beginning of this year after the annual fall.
For readers who are interested in a deeper form Cannabis markets in these fifteen countries And moreover, including additional product categories, brand and product details, longer history and product features, learn how BDSA solutions can provide you with actions and analysis.
Based on the Houston, Alan cries out his experience as the founder of the online community 420 InvestorThe first and still the biggest decent diligent platform focused on the shares sold in the cannabis industry. Alan continues to find new ways to connect industry and facilitate its sustainable growth in the Canepuni community. Approximately New hemp enterprisesHe is responsible for content development and strategic alliances. Until the early 2013 focuses on the cannabis industry, Alan, who began his career in Wall Street, worked as more than two decades of research and portfolio. Article 650 of the Article 650 published in 2007 Looking for alphaWhere he has 70,000 followers, Alan is a frequent speaker for industry conferences and a Frequent source The media, including NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Ration | Facebook | Connection | Email
Michigan hemp sales for the month of October down from a year ago as they rose 6.5% sequentially, which was +3.1% on a daily basis. Sales of $267.8 million decreased by 0.3 percent compared to last year.
The Michigan Cannabis Regulatory Agency breaks down sales by medical and adult use, with medical sales down 57.7% year-over-year to $0.4 million, down 0.7% sequentially, and adult-use sales down 0.1% year-over-year to $250.9 million, up 6.6% sequentially.
The state breaks down sales by category and provides pricing details by category for both medical and adult;
For adultsMedical
As supply continues to expand, prices for adult flowers have plummeted. The average price of $991 a pound in October fell 2.0% sequentially to near a new record low and fell 16.3% from a year earlier.
Michigan hemp sales will grow 82.1% to $1.79 billion in 2021, 27.9% to $2.29 billion in 2022, and 33.3% to $3.06 billion in 2023. In 2024, they increased by 7.6% to $3.29 billion. expand further as supply becomes more available and as distribution expands.
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New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s 15-state monthly cannabis sales data.
Cannabis sales rose 3.4% sequentially in October, a 0.1% daily gain. In this review, we break down the results by state, starting with the western markets and then ending with the eastern markets. Overall, the BDSA estimates sales in 15 markets totaled $2.11 billion in October, up 5.8 percent from a year earlier. Excluding the big gain in New York, which I explain below, sales were down 2.7%. Note that BDSA has revised some data historically.
Western markets
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In September, the annual growth was negative in 3 states. In four of these states, daily growth declined sequentially.
Eastern markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, New York, Ohio and Pennsylvania. Annual growth in September ranged from -6.5% in New Jersey to +1,513.2% in New York, whose adult-use sales have been included by the BDSA since January but were first included a few months ago. Ohio began using adults in August, spurring growth. Note that Florida and Pennsylvania are medical markets only. Sequential growth was flat in most markets, helped by an extra day and negative in one market. Annual growth was negative in several markets and increased sharply in two states. We warned of a potential slowdown in Florida despite strong dispensary and unit volume growth due to competitive pressure, and it has now declined for two consecutive months.
For readers interested in a deeper look hemp markets in these fifteen states and more, including segmentation by additional product categories, brand and product details, longer history and segmentation by product attributes, learn how BDSA Solutions can give you access to actionable data and analytics.
Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El
Michigan Cannabis sales in September decreased from a year ago, as they were down 11.3% sequentially, which was -8.3% on a daily basis. At 251.3 million dollars, sales decreased by 5.8 percent compared to the previous year.
The Michigan Cannabis Regulatory Agency breaks down sales by medical and adult use, with medical sales down 60.8% year-over-year to $0.4 million, down 18.7% sequentially, and adult-use sales down 5.6% year-over-year to $250.9 million, up 11.3% sequentially.
The state breaks down sales by category and provides pricing details by category for both medical and adult;
For adults
Medical
As supply continues to expand, prices for adult flowers have plummeted. September’s average price of $1,011 per pound is up 2.2% sequentially from a record low and down 19.7% from a year ago.
Michigan hemp sales will grow 82.1% to $1.79 billion in 2021, 27.9% to $2.29 billion in 2022, and 33.3% to $3.06 billion in 2023. In 2024, they increased by 7.6% to $3.29 billion. expand further as supply becomes more available and as distribution expands.
Based in Houston, Alan leverages his experience as an online community founder 420 Investorthe first and still the largest due diligence platform focused on publicly traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. time New Cannabis Ventureshe is responsible for content development and strategic alliances. Before turning his attention to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst with more than two decades of research and portfolio management experience. A prolific writer, with over 650 articles published since 2007 Looking for Alphawhere he has 70,000 followers, Alan is a frequent speaker at industry conferences and frequent source Media including the NY Times, Wall Street Journal, Fox Business and Bloomberg TV. Contact Alan. Twitter: |: Facebook |: LinkedIn: |: El
