Wholesale Market Observer
Information Impacting Global Cannabis Markets
Illinois Retail Cannabis Sales Top $150 Million in April
The Illinois Department of Financial and Professional Regulation (IDFPR) published adult-use sales figures for April 2021 earlier last week. In a press release, IDFPR announced that adult-use cannabis retailers in the state generated over $114.9 million in gross revenue in April, a new record. April’s sales are up 5.3% from March’s over $109.1 million. Combined
Arizona Monthly Cannabis Sales Surpass Totals in Oregon and Nevada
Arizona officials have released preliminary sales revenue data for February, for both the state’s adult-use and medical cannabis markets. February was the first full month of adult-use sales in Arizona. According to Ryan Randazzo, a reporter for the Arizona Republic, February’s adult-use sales reached $35.7 million. However, he notes that, according to the state Department
Michigan Retail Cannabis Sales Climb Nearly 38% in March
The Michigan Marijuana Regulatory Agency (MRA) recently issued its Monthly Report for March 2021, providing sales, licensing, and production data for the state’s medical and adult-use cannabis markets. Overall, total adult-use and medical cannabis sales in Michigan in March amounted to almost $145.8 million, up by 37.8% compared to over $105.8 million in combined revenues
Colorado Retail Marijuana Sales Dip in February
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for February 2021. Total sales fell in February, which is not an atypical occurrence based on historical trends. However, tax data indicates increased wholesale trading and transfers in the adult-use market, yet Colorado’s Spot Index declined in February compared to the prior
Monthly Retail Cannabis Sales in Oregon Up 22.9% in March
The Oregon Liquor Control Commission (OLCC) recently released sales data for March 2021. According to OLCC, licensed retailers generated over $109.3 million in revenue last month, a new record for monthly sales in the state’s market and up by 22.9% from over $88.9 million tallied in February. March 2021’s sales are up by 28.9% year-over-year,
Nevada Cannabis Sales Reach Record High Despite Lag in Tourism
The Nevada Department of Taxation (NDOT) recently released sales and tax data from the state’s legal cannabis market for January 2021. Total retail sales reached a new record high for the state’s market to open this year. Meanwhile, wholesale prices in January were elevated significantly from December 2020, as well as from the same month
New York Plans to Tax Wholesale Cannabis Transactions Based on THC Percentage
State lawmakers have reportedly reached an agreement with New York Governor Andrew Cuomo on legislation to legalize cannabis for adult-use and establish a licensed commercial market, according to Bloomberg. The report notes that retail purchases would be subject to a 13% sales tax. On the wholesale side, “Distributors additionally would collect an excise tax of
Marijuana Sales in Colorado Off to Strong Start in 2021
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for January 2021. Total sales increased to open a year for the first time since January 2015, the beginning of the second year of legal adult-use cannabis sales in the state. Even as demand expanded uncharacteristically in January, however, Colorado’s Spot Index
Arizona Medical Marijuana Market Sees Sharp Decline Following Adult-Use Legalization
The Arizona Department of Health Services (ADHS) recently released its monthly report on the state’s medical cannabis program for February 2021, the first full month in which adult-use and medical cannabis sales took place simultaneously in the state. Adult-use sales figures have not yet been released, but February’s medical cannabis sales volumes figures show sharp
Adult-Use Marijuana Sales in Illinois See First Significant Monthly Decline Since Start of Program
The Illinois Department of Financial and Professional Regulation (IDFPR) published adult-use sales figures for February 2021 last week. In a press release, IDFPR announced that adult-use cannabis retailers in the state generated over $80.7 million in gross revenue in February. February’s sales are down 9.1% from January’s over $88.8 million. Combined with February’s medical cannabis