The state generated more than $52 million of recreational cannabis sales while medical cannabis accounted for more than $73 million which represents a 17% decline when compared to last year.
Going forward, we expect Nevada to continue to record strong sales growth on a year-over-year basis but cannot get too excited about it due to the comps from last year.
According to BDS analytics, Colorado continues to be an attractive market and generated $202.8 million of cannabis revenue in April.
Although most of the major cannabis markets are located on the west coast of the US, the east coast has been recording impressive advancements.
Some of the east coast markets that we are the most excited about include: Florida, Illinois, Massachusetts, Michigan, New York, and Pennsylvania.
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