California hits $420M in monthly sales, while Illinois took in more tax dollars from cannabis receipts than alcohol during 2021. However, retail and wholesale prices continue to decline every month since August 2020 with the exception of January 2021.
For example, after hitting a record in December of $140 million, Illinois adult-use cannabis sales plunged 15% to $117.3 million in January. Still, it’s a year-over-year increase of 32%.
Canada saw retail prices declined throughout 2021 as well, with the biggest declines seen in:
Concentrates, -35%
Vape pens, -35%
Capsules, -20%
Pre-rolls, -19%
Flower, -16%
In 2021, adult-use cannabis sales in Illinois amounted to nearly $1.4 billion – more than double the figure from the opening year of sales in 2020. Sales officially exceeding $1 billion in November 2021, which was the ninth consecutive month that adult-use cannabis sales surpassed $100 million.
Interestingly, Illinois also took in more tax dollars from cannabis receipts than alcohol in 2021, as recreational cannabis taxes in the state exceeded liquor taxes by nearly $100 million.
Show Notes:
Cannabis Market Overview February 2022
https://www.headset.io/posts/cannabis-market-overview-february-2022
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 893 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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