Cannabis Sales Slowed Ahead of the Summer

The comparisons to a year ago, when demand surged during the pandemic, have created challenges, with two states, Colorado and Oregon, seeing sales decline compared to then.

BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon.

Arizona transitioned to adult-use in late January, but this is the third month that BDSA included adult-use sales.

Annual sales grew 13.8% to $331.8 million, down 5% from June and 7% from the record level in April.

The mature market of Colorado, which has shown vigorous growth over the past year, declined 5% compared to a year ago.

Given that Las Vegas fully reopened during June, the 8.8 sequential decline was disappointing.

Oregon, another mature market that had explosive growth following the pandemic, declined year-over-year by 1%, with sales of $99.3 million falling 6% from May.

Florida sales increased 3% sequentially to a record $155.7 million, while Pennsylvania’s fell for the second month in a row to $102.7 million.

Illinois combined adult-use and medical sales fell by 2% in June, including accessories, to $147.3 million, which was up 90.6% from a year ago.

The growing store base helped Massachusetts to post solid numbers, with sales expanding 0.6% from May and 79% from a  year ago to $132.9 million.

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