BDS Analytics Details Cannabis Market Trends in 5 Key Western… – New Cannabis Ventures

A Detailed Look at Cannabis Sales in California, Oregon, Arizona, Colorado and Nevada

We are pleased to share with our readers overviews on five important Western cannabis markets compiled by BDS Analytics for the month of July. BDS Analytics offers a full understanding of the evolving cannabis market though several offerings, including its GreenEdge Retail Sales Tracking, Consumer Insights, Industry Intelligence and CBD Market Monitor divisions. For those not familiar with the Colorado-based company, which was founded in 2015 and is run by co-founders CEO Roy Bingham and President Liz Stahura, we have been covering their progress since almost day 1.

During July, sales increased in excess of 22% compared to July 2018 in all markets except Colorado, which posted 11% growth. While flower sales increased in all markets, growth is being driven by extracts and ingestibles, with the exception of Nevada, where flower sales were quite robust. Pre-rolls have been a very strong sub-sector, but July saw strong growth only in California (+34%), with Arizona and Colorado experiencing only mid-single digit growth from a year ago.

Here is a more detailed look at each market, as detailed by BDS Analytics:

California

This past July, sales for California’s licensed dispensaries and delivery services reached a combined $265.5 million, increasing seven percent from June. Year-over-year sales for the month of July show an increase of 24 percent and the combined year-to-date sales of $1.7 billion indicate 26 percent growth compared to July 2018.

In July, Flower contributed 33 percent towards overall revenues with $86.7 million in sales. Compared to June, sales in the category increased eight percent; and, compared to July 2018, sales increased four percent. Year-to-date through July, sales of Flower reached $552.7 million, a five percent increase compared to the same time period in 2018. This increase in revenue can be attributed to

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