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!)