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New Report Reveals Just How Much Weed Is Being Sold in America

A closer look at state-by-state trends.

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This story originally appeared on Benzinga

After the rollercoaster that cannabis sales were on during the last four months, things settled down in March, and have remained flat since.

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Sales significantly dropped in January after a sharp month-over-month bounce in December, only to get back onto a growth trajectory in February.

In addition to the ongoing pressure from declining flower sales, overall cannabis sales were down year-over-year in 6 markets. In total, sales across the 11 markets totaled $1.49 billion during the month.

RELATED: Across the Country, Cannabis Dispensaries Saw Biggest 420 Sales Ever

Western markets

According to BDSA, in west-coast markets during March, year-over-year growth ranged from -28.8% in Nevada to 50.3% in Arizona.

Arizona

  • Combined sales totaled $111.7 million, up 50.3% compared to a year ago and up 9.5% from February.
  • Medical sales amounted to $45.7 million, down 39% from a year ago and up 5% sequentially.
  • Adult-use sales of $66.1 million increased 13% from February.

California

  • California sales grew by 9.5% quarter-over-quarter to $282.8 million and declined 18.9% compared to a year ago.
  • Flower sales continue to drag down overall sales, declining 28%, with pre-rolls gaining 2%.
  • Ingestibles fell 14%, while concentrates dropped 17% from a year ago during March.

Colorado

  • Sales increased 7.5% in March compared to the month before, declining 19.1% from a year ago to $167.4 million.
  • Flower, which was down 24%, drove overall sales lower, with pre-rolls declining 8%, with ingestibles dropping 17% and concentrates 16%.

Nevada

  • Sales increased 0.2% compared to February, dropping 28.8% from a year ago to $59.9 million.
  • Flower sales are the main driver of the drop here as well, with March sales declining 37% from a year ago.
  • Concentrates decreased 16%, while ingestibles declined 28% and pre-rolls fell 17%

RELATED: So How Did New Mexico's First Month of Adult-Use Cannabis Sales Go?

New Mexicans bought $22.1M worth of cannabis 

In April 2021, New Mexico became the latest state to legalize adult-use cannabis after Gov. Michelle Lujan Grisham signed the Cannabis Regulation Act. A year later, the Land of Enchantment kicked off recreational marijuana sales. In the first weekend of sales, New Mexicans purchased $3.5 million worth of cannabis.

Now, after one month, the state’s cannabis sales reached $22.1 million in April, according to new data released by the Cannabis Control Division (CCD.)

Albuquerque hit a record with $8 million in recreational cannabis sold for the period, reported KRQE News. Las Cruces came in second, selling $2.06 million. Santa Fe sold over $1.8 million worth of recreational cannabis in the previous month.

“The new industry is projected to generate $300 million annually in sales, create 11,000 jobs and bring in $50 million in state revenue in the first year alone,” according to the CCD.

Find out what happened with sales in Oregon as well as in East Coast and Mid-West markets (Florida, Illinois, Maryland, Massachusetts, Michigan and Pennsylvania) in this analysis by New Cannabis Ventures.