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N.A. Cannabis Sales Update

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First published at 14:04 UTC on March 23rd, 2023.

#cannabis
#marijuana
#mmj

TalkingHedge

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There's been a trend of decreasing cannabis sales across all markets in North America.

Sales growth is negative for most states and provinces, with Michigan being the outlier with a significant increase in sales growth.

Despite the overall do…

There's been a trend of decreasing cannabis sales across all markets in North America.

Sales growth is negative for most states and provinces, with Michigan being the outlier with a significant increase in sales growth.

Despite the overall downward trend in sales growth, the YOY growth in Canada was above normal, however, same stores sales were down. This indicates people are finding other stores to visit, either due to closer proximity, lower prices, or better product selection.

Across the board, the year-over-year (YOY) sales growth rates are decreasing. This could be due to a variety of factors, such as changes in consumer behavior, increased competition, or an economic downturn.

Most of North America has negative same-store sales growth, with Canada seeing the lowest growth rates followed by Colorado and Nevada in the US.

Episode 1,126 The #TalkingHedge with guest Rick Thompson, Executive Director at NORML of Michigan...
https://youtu.be/MGILbzBww-8

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