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Cannabis sales during New Years in the US
When looking at total sales lifts vs the previous four weeks, we see some interesting trends in both US and Canada. New Year's Eve is the biggest day of sales during New Year's week year after year, but it was the biggest single Thursday of sales during all of 2020. In the US, the top performing categories were Beverages, Edibles, and Pre-Rolls. The category landscape was much different in Canada with the introduction of Cannabis 2.0 products, and the top performing categories were Concentrates, Edibles, and Flower.
Track cannabis sales and market performance
Key metrics defined
These six key metrics from the previous month will provide you with a pulse check on legal cannabis markets. Below, you'll find data on year over year growth, basket size, and more.
Total Sales
Total monthly sales for the previously completed month.
YoY Sales Growth.
Year over year growth of sales (For example, November 2022 compared to November 2021).
Avg Item Price
The average price of a cannabis item in the most recently completed month.
Avg Basket Size
The average size (in sales $) of a retail basket in the most recently completed month.
Median Store SKU Counts
The number of distinct SKUs sold in the median store in the most recently completed month. Median was used instead of an average to remove the effects of outlier stores.
MOM LSSG
Median store Like-Store-Sales-Growth MoM - The month over month growth in sales for the median sample store (for example, January 2022 vs. December 2021). “Like stores” are filtered to exclude any newly opened stores or recently disconnected stores.
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