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7/10

Marijuana Retail Report

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Marijuana Retail Report



“Oil Day”, or 7/10, has failed as a sales holiday this year

Key points:

  • “Oil Day,” or 7/10, flopped as a sales holiday this year, increasing sales by just 4% over a normal Friday.
  • Cannabis concentrates remain a small part of retail sales, but are highly valued by buyers.
  • Price compression has expanded the customer base. Live resin, which once sold for $40 per gram, is now only $10 before tax.

Once a niche product, cannabis concentrates have become one of the most reliable drivers of retail growth.

Extracts are the basis of vapes, edibles, infused pre-rolls and premium hash sales year-round, even if 7/10 is the industry rest of the concentrate is assigned and dabber’s response on 4/20 – doesn’t move the needle.

“These extracts feed the entire food industry — they come from hash,” said David Downs, organizer of Hash Week, a week-long celebration in California beginning on 7/10, sometimes called “Oil Day.”

“We’re talking about concentrates – edibles, vapes and the hash market in bulk grams. They’re all extracts.”

As cannabis oil becomes a year-round growth engine, consumers are no longer waiting for the 7/10 holiday to purchase it.

Still in 2022 concentrate sales jumped 67.4% on 7/10according to Headset, rosin sales were up 213% over the previous four Saturdays—a veritable holiday surge by any standards.

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“That’s what we’re up against here”

Representatives of the state of Massachusetts officially confirmed that Mr initiative to repeal the law legalizing marijuana in this state will appear on the ballot in November.

The Commonwealth Secretary’s Elections Division told organizers Thursday that they had submitted enough valid signatures during the second round of petitions to put the measure before voters, but just barely.

According to state law, election campaigns in Massachusetts must submit signatures in two waves. After the first filing, the Legislature gets a chance to enact proposed ballot measures after organizers file the first round of petitions. Lawmakers in May refused to take measures to combat marijuanahowever, that’s why organizers needed to submit an additional 12,429 verified signatures by July 1 in order to hold the November vote.

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David Morrow

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