Wholesale Market Observer
Information Impacting Global Cannabis Markets
2020 Cannabis Harvest Totals for Oregon Reveal Major Expansion in Cultivation
The Oregon Liquor Control Commission (OLCC) recently released sales data for January 2021. According to OLCC, licensed retailers generated almost $100.2 million in revenue last month, up by 3.8% from almost $96.5 million tallied in December 2020. January 2021’s sales are up by 45.9% year-over-year, from over $68.6 million in the same month in 2020.
Colorado Retail Cannabis Market Sees 25% Growth in 2020
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for December, completing full year sales data for 2020. Sales in Colorado saw what has become a customary month-over-month increase in December. Even as holiday spending boosted demand, however, Colorado’s Spot Index persisted in a decline that began in November. In December,
Cannabis Sales in Washington Up in 2020, Yet Lag Growth Observed in Other Markets
Washington State University’s (WSU) IMPACT Center recently published a report, “2020 Contributions of the Washington Cannabis Sector.” While the study is concerned primarily with the overall impact of the state’s legal cannabis market on its economy as a whole, it contains some data that provides an idea of demand and sales in Washington’s licensed industry
Arizona Begins Adult-Use Retail Sales Far Earlier Than Projected
Legal cannabis sales to general consumers commenced in Arizona on Friday, January 22. According to a report from the Associated Press, the Arizona Department of Health Services (ADHS), which oversees the state’s medical and adult-use cannabis systems, announced that day that 86 licenses had been approved to begin sales. Some licensees operate numerous storefront locations,
New Mexico Medical Marijuana Market Update
The latest official data from New Mexico’s medical market shows that sales in the state expanded in Q3 2020, in line with nationwide trends that saw demand peak in late summer last year. According to the latest quarterly report from the New Mexico Department of Health (NMDOH), the state’s patient count grew to 98,507 by
Arizona Retail Marijuana Sales Volume up 27% for 2020
The Arizona Department of Health Services (ADHS) recently released its monthly report on the state’s medical cannabis program for December, completing full-year data for 2020. Total sales volume was on the rise to close the year, as was the state’s Spot Index. A review of full-year sales and wholesale price data in the state in
Illinois Retail Marijuana Sales Top $1 Billion in 2020
The Illinois Department of Financial and Professional Regulation (IDFPR) published adult-use sales figures for December earlier this week, completing full-year sales data for 2020. In a press release, IDFPR announced that adult-use cannabis retailers in the state generated over $86.8 million in gross revenue in December. December’s sales are up 15.4% from November’s just under
Cannabis Vape Product Additives Under Scrutiny in Oregon
A press release issued last week by the Oregon Liquor Control Commission (OLCC), which oversees the state’s licensed cannabis market, alerted the public to new findings in the agency’s continued efforts investigating vape products in the wake of injuries and deaths caused by such items last year. The press release states, “[OLCC] has identified that
Colorado Marijuana Tax Revenue Increases Despite Reduced Wholesale Activity
The Colorado Department of Revenue (CDOR) recently released its monthly Marijuana Sales Report for October. Sales in Colorado decreased for the third consecutive month in October but remained elevated significantly compared to last year. Colorado’s Spot Index rose to its highest levels of the year thus far in October, likely reflecting the sustained strong demand
Cannabis Tax Revenues in California Skyrocket During 2020
The California Department of Tax and Fee Administration (CDTFA) recently released cannabis tax revenues for Q3 2020. While the taxes levied on retailers cannot be extrapolated directly into sales figures, they show that demand from consumers and medical patients continues to expand this year at an accelerated rate compared to 2019. Additionally, collections from the