Cannabis sales peaked in August, falling four consecutive months across all 15 markets Headset currently tracks, with the exception of Ontario who went from $86M in sales in January to $117M in December for a total of $1.095B in sales for 2021.
California led the way with $5.066B, while CO, WA, OR, IL, MA, MI, & ON all broke the BILLION dollar mark for 2021 cannabis sales. Year-over-year sales growth, however, was not so pretty. Every state started the year off with double-digit growth rates, however NV, WA, OR, AB, & SK all ended the year with negative growth.
Average basket size started decreasing after June, while the number of transactions increased- indicating consumers were going to pot shops more often, but spending less per transaction. This could mean consumers are trying to avoid higher minimum delivery requirements and opting to go to dispensaries and buying only what they need instead.
Brand concentration has remained relatively steady, however, it’s anticipated that consolidation will pick up as Canadian companies and private equity and venture capitalists come into the space in anticipation of U.S. Federal legalization to snap up under-valued cannabis prospects in hopes of a legalization rally that’ll spark the next wave of cannabis stock speculation.
Show Notes:
Cannabis Market Overview December 2021
https://www.headset.io/posts/cannabis-market-overview-december-2021
We just made it on the Top 100 cannabis podcasts from feedspot:
https://blog.feedspot.com/marijuana_podcasts/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 847 The Talking Hedge:
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.
source
