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Cannabis Industry Sales Trends: Is Momentum Building or Slowing? A State-By-State Analysis For 3Q23

Benzinga ·  Oct 22, 2023 22:26

Is the cannabis industry losing steam or gaining momentum?

According to a report by analyst Pablo Zuanic at research firm Z&A, a comprehensive analysis of sales trends across 17 states reveals a wide variance in the cannabis industry's performance.

While seven states witnessed a sequential decline in sales, the other ten posted growth in the third quarter of 2023.

Mixed Growth in Various States

Massachusetts and Florida both saw mid-single-digit sequential growth, while Illinois, New Mexico, and Washington reported low single-digit growth according to official state data.

However, sales experienced low single-digit declines in Missouri, Ohio...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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