Photo: Gio Bartlett/Unsplash The California Department of Taxation and Fee Administration (CDTFA) issued data on taxable sales and cannabis tax collections for Q3 2022. Q3 2022 taxable retail sales, at $1.27 billion, were down 9.8% from upwardly revised Q2 2022 taxable sales of $1.4 billion and down 11% from $1.43 billion in sales in Q3
Wholesale Market Observer
How High Will New York Cannabis Prices Be?
Photo: Lucas Favre/Unsplash While New York’s legal adult use market is facing difficulties in getting off the ground, as we detail below, those with conditional cultivator licenses have harvested their outdoor crops and are now in discussions with potential buyers as they sit on inventory, waiting for the green light to be able to sell.
Illinois Cannabis Sales Remain Steady Heading into Q4 2022
Photo: Aaron Burden/Unsplash The Illinois Department of Financial and Professional Regulation (IDFPR) issued October 2022 adult use sales figures this week. October combined sales to in-state and out-of-state customers, at $131.5 million, were up 0.7% from September 2022 combined sales of $130.7 million and up 6.6% from September 2021 sales of $123.4 million. October 2022
New Jersey Approves First Wave of Annual Adult Use Cannabis Licenses
Photo: Scott Graham/Unsplash The New Jersey Cannabis Regulatory Commission (CRC) recently notified the public, via press release, that they have approved the first 18 annual adult use cannabis business licenses. 10 of the 18 licenses resulted from the conversion of conditional licenses to annual licenses. The remaining eight new licenses were issued to five cultivators
What Drove Oklahoma Cannabis Prices So Low?
Photo: Jon Toney/Unsplash The Oklahoma Medical Marijuana Authority (OMMA) published September 2022 tax collections, allowing us to extrapolate sales made in August 2022 in the state’s medical cannabis program. August 2022 sales, at $59.7 million, were down 8.4% from July 2022 sales of $65.1 million and down 22.7% from August 2021 sales of $77.2 million.
