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Sales share by age group in Michigan
How are different demographic groups purchasing cannabis in Michigan compared to the rest of the US? Michigan has slightly higher proportional sales from the older generations than the rest of the US. As shown above, over the previous three months, 38.8% of Michigan's total sales came from Gen X and Baby Boomers whereas only 36.3% of sales came from these age groups in the rest of the US. To keep track of more demographics data in these markets, sign up for a demo of Headset Insights.
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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