Photo: Add Weed/Unsplash The Illinois Department of Financial and Professional Regulation (IDFPR) published adult use sales figures for December 2021 this week. Adult use sales soared in December 2021, jumping 14.2% to $137.9 million in combined in-state and out-of-state revenues. December 2021 sales represent a new all-time monthly high in Illinois’ adult use market as
Wholesale Market Observer
Michigan Adult-Use Marijuana Sales Decreasing as Supply Overflows
Photo: Brad West/Unsplash The Michigan Marijuana Regulatory Agency (MRA) recently issued its November 2021 report detailing sales, licensing, and production data in the state’s medical and adult use cannabis markets. Overall, Michigan’s combined medical and adult use sales were $152.7 million in November, down 6.5% from October 2021’s combined sales of $163.5 million, but up
Colorado Retail Cannabis Sales Stall as Wholesale Prices Continue to Decline
Photo: Mana5280/Unsplash The Colorado Department of Revenue (CDOR) released its monthly Marijuana Sales Report for October 2021 this week. Combined retail (the state’s term for adult use) and medical sales were $176.4 million, down 2.6% from $181.1 million in September 2021 and down 11.7% from October 2020’s $199.8 million. Year-to-date CDOR reports $1.9 billion in
Oregon Cannabis Prices and Demand Decline as Oversupply Continues
Photo: Add Weed/Unsplash The Oregon Liquor & Cannabis Commission (OLCC) recently released sales data for November. According to OLCC, licensed retailers generated over $86.4 million in revenue last month, down by 7.9% from over $93.8 million in October 2021. November sales are down 4% year-over-year, from nearly $90 million in November 2020. November is the
California’s Taxable Cannabis Sales Take Big Hit in Q3 2021
Photo: Pascal Meier/Unsplash The California Department of Tax and Fee Administration (CDTFA) recently issued data on taxable sales and cannabis tax collections for Q3 2021. Taxable sales for Q3 were $1.24 billion, a steep 12.5% quarter-on-quarter decline from over $1.41 billion in Q2 2021. The quarterly downturn in sales is notable, as Q3 is frequently
