February 2023 Cannabis Market Overview

Published on 
February 13, 2023
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February 2023 - Cannabis Market Overview

These six key metrics from will provide you with a pulse check on legal cannabis markets. Below, you'll find data on total sales, year over year growth, basket count, and more.

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.

Alberta

  • Sales: $69,691,204 CAD
  • YoY Growth: 13.5%
  • Avg Price: $23.03 CAD
  • Avg Basket: $40.11 CAD
  • SKU Count: 366
  • MoM LSSG: -9.2%

Arizona

  • Sales: $146,190,943 USD
  • YoY Growth: -5.6%
  • Avg Price: $23.29 USD
  • Avg Basket: $54.93 USD
  • SKU Count: 918
  • MoM LSSG: -6.2%

British Columbia

  • Sales: $59,887,901 CAD
  • YoY Growth: 19.9%
  • Avg Price: $22.41 CAD
  • Avg Basket: $37.44 CAD
  • SKU Count: 363
  • MoM LSSG: -3.1%

California

  • Sales: $395,325,610 USD
  • YoY Growth: -7.6%
  • Avg Price: $23.52 USD
  • Avg Basket: $52.29 USD
  • SKU Count: 793
  • MoM LSSG: -9%

Colorado

  • Sales: $112,323,108 USD
  • YoY Growth: -13.6%
  • Avg Price: $18.53 USD
  • Avg Basket: $49.86 USD
  • SKU Count: 355
  • MoM LSSG: -6.7%

Florida

  • Sales: $148,976,043 USD
  • YoY Growth: 6.5%
  • Avg Price: $23.22 USD
  • Avg Basket: $77.77 USD
  • SKU Count: 116
  • MoM LSSG: -9.4%

Illinois

  • Sales: $157,187,282 USD
  • YoY Growth: 7%
  • Avg Price: $35.26 USD
  • Avg Basket: $75.84 USD
  • SKU Count: 1015
  • MoM LSSG: -10.4%

Maryland

  • Sales: $38,050,402 USD
  • YoY Growth: -12.4%
  • Avg Price: $27.47 USD
  • Avg Basket: $84.47 USD
  • SKU Count: 628
  • MoM LSSG: -7.2%

Massachusetts

  • Sales: $118,338,039 USD
  • YoY Growth: 5.1%
  • Avg Price: $24.70 USD
  • Avg Basket: $64.01 USD
  • SKU Count: 346
  • MoM LSSG: -10.7%

Michigan

  • Sales: $196,187,950 USD
  • YoY Growth: 28.6%
  • Avg Price: $15.18 USD
  • Avg Basket: $58.87 USD
  • SKU Count: 451
  • MoM LSSG: -12.1%

Nevada

  • Sales: $67,200,798 USD
  • YoY Growth: 5%
  • Avg Price: $22.53 USD
  • Avg Basket: $57.07 USD
  • SKU Count: 673
  • MoM LSSG: -4.2%

Ontario

  • Sales: $153,079,553 CAD
  • YoY Growth: 11.8%
  • Avg Price: $22.7 CAD
  • Avg Basket: $40.18 CAD
  • SKU Count: 389
  • MoM LSSG: -9%

Oregon

  • Sales: $75,475,081 USD
  • YoY Growth: -9.7%
  • Avg Price: $14.59 USD
  • Avg Basket: $37.09 USD
  • SKU Count: 525
  • MoM LSSG: -5.2%

Saskatchewan

  • Sales: $16,251,782 CAD
  • YoY Growth: 12.44%
  • Avg Price: $21.71 CAD
  • Avg Basket: $41.37 CAD
  • SKU Count: 450
  • MoM LSSG: -6.7%

Washington

  • Sales: $98,548,157 USD
  • YoY Growth: -11.14%
  • Avg Price: $13.39 USD
  • Avg Basket: $31.48 USD
  • SKU Count: 1769
  • MoM LSSG: -4.8%

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