BDS Analytics Details Cannabis Market Trends in 6 States During… – New Cannabis Ventures

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

We are pleased to share with our readers overviews on five important Western cannabis markets as well as Maryland 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 September, the first month after the onset of the vaping crisis, sales across the six markets totaled $616.6 million, down seasonally from August. Sales growth from a year ago among the five Western markets ranged from 8% in California to as high as 35% in Arizona. Concentrates, which represented 23-33% of sales by market (compared to 26-38% in August) , grew more slowly within each market than overall sales grew due to reduced sales of vape pens. Still, each market experienced concentrate sales growth compared to a year ago, ranging from 2% in California to 25% in Arizona.

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

California

This past September, sales for California’s licensed dispensaries and delivery services reached a combined $248.3 million, decreasing nine percent from August. September is typically a period of seasonal declines from peak Summer demand, but this year’s decline was aggravated by falling vape sales resulting from the public health scare. Year-over-year sales for the month of September show an increase of eight percent, and the combined year-to-date sales of nearly $2.2 billion indicate 22 percent growth compared to 2018.

In September, Flower contributed over 36

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