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Cannabis Sales Slump After Holidays

March 8, 2022

Cannabis sales are off to a slow start for the year across the U.S., according to a new report from analytics firm BDSA. December sales were quite strong in most U.S. markets, rivaling last July for all-time record monthly sales, so January sales are facing a tough consecutive comparison. BDSA’s figures include both recreational and medical sales.

California saw sales fall nearly 10% to $275 million in January, with flower down 23% and concentrates down 9%, though pre-rolls were up 12%. Colorado’s sales declined 4% to 168 million, while Nevada, still suffering from depressed tourism, saw sales drop 8% to $59 million in January. Even Arizona, which launched recreational sales just a year ago, endured a 10% fall-off to $104 million.

Further east, Illinois lost ground as its combined sales fell 15% sequentially to $147 million, with $113 million coming from recreational sales. December was Massachusetts’ best month on record with nearly $160 million in sales, which dwarfed January’s total of $136 million—nonetheless, that figure is 25% higher than January 2021’s sales. Florida’s generally booming medical market lost 7% to land at $153 million for the month of January.—Danny Sullivan

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