Cannabis Sales Climb 7% In June: BDSA
July 9, 2024June cannabis sales increased by 6.6% year-over-year to $2 billion in 13 states across the U.S., according to new data from analytics firm BDSA. The data covers sales in the western markets of Arizona, California, Colorado, Nevada, and Oregon; and Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, New Jersey, and Pennsylvania in the East. Individual states ranged from 114.9% growth to $91.8 million in sales in Maryland to a 13.8% decline to $96.4 million in Arizona when compared to June 2023.
In general, trends were positive with California, Nevada, Colorado, and Oregon seeing both sequential and year-over-year growth. In the East, all states except Missouri saw year-over-year growth for June, with sequential growth more of a mixed bag: Florida, Massachusetts, Michigan, and New Jersey saw gains while the remaining eastern markets declined compared to May.—Shane English
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.
