A few weeks ago, we expressed concern about a sharp deceleration in cannabis sales during November. After reviewing data from BDSA for December in five mature western markets and 3 newer eastern markets, we conclude that the slowdown in November was not meaningful.
BDSA provides coverage for Arizona, California, Colorado, Nevada and Oregon. In December, growth ranged from 23% in Nevada to 42% in Oregon compared to a year ago. These were all higher than the year-over-year growth rates last month.
During December, Arizona medical cannabis sales totaled $91.6 million, which was up 6% from November and 30% from a year ago. Flower, the largest part of the market at 50%, grew by 29%. Concentrates grew 39%, while pre-rolls, a small part of the market, grew 62%.
Sales in California expanded 5% sequentially and 25% from a year ago to $314.2 million during December. Flower continues to be the fastest growing category, increasing 41% from a year ago and representing 39% of the market.
The most mature adult-use market, Colorado, continues to grow strongly. In December, sales increased 34% from a year ago and 3% sequentially to $194.2 million. Flower, at 43% of the market, grew 40% from a year ago.
The downturn in tourism appears to be weighing on Nevada, which grew just 1% sequentially and 23% compared to a year ago to $74.8 million. Flower, which represented 50% of the market, grew 43% from a year ago. Pre-rolls and edibles declined.
Sales in Oregon spiked higher, with the year-over-year growth rate well above recent months at 42%. During the prior four months, growth had ranged from 32% to 39%, while during May, June and July it ranged from 45% to 58%. At $96 million, cannabis sales increased 7% sequentially. Flower,