Growth In Cannabis Sales Remains Weak In October
In total, sales across the 11 markets totaled $1.64 billion during the month
Cannabis sales decreased 0.5% in October compared to September according to cannabis data analytics firm BDSA. Looking at a per-day basis, sales decreased 3.7% month-over-month. In this review, we will look at the markets one-by-one, beginning with the eastern markets and then concluding with the western markets. In total, sales across the 11 markets totaled $1.64 billion during the month.
Eastern Markets
BDSA provides coverage for Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania. In September, year-over-year growth ranged from -16.2% in Maryland to 34.3% in Florida. Note that Florida, Maryland and Pennsylvania are medical-only markets.
Florida
Sales grew at a more rapid rate in October than September, increasing from 24.9% to 34.3%, the highest annual growth yet and a record of $201.6 million. Flower sales grew 28%, pre-rolls increased 28%, ingestibles gained 38% and concentrates expanded 43% year-over-year.
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