According to recent sales data, marijuana continues to be popular among the public. You probably didn’t need an in-depth analysis to know that!
Specifically, and most interestingly:
Flower sales were up 30% year over year. Interestingly, concentrates were up 45% over the same period (July ’18 vs July ’19) in the same market, Nevada.
Wax had the biggest YOY growth at 88%, although it’s $1.1M in monthly sales didn’t even register as 2% of the overall market in July in Nevada.
Vape was up 48% YOY, but this is July data. The news cycles since have pounded the vaping industry, and a recent conversation with a vape supplier indicated that, not surprisingly, vaping sales are down of late.
The biggest takeaway: While flower sales continue to blossom, concentrates growth is even higher. Leave your own bad puns below!
(Thanks to BDS Analytics for sharing some of their professional grade data!)
Recent Comments