CLICK HERE for the webcast replay and materials. |
Earlier today, Howard Penney and JT Taylor discussed both industry sales trends as well as an update on cannabis legislation heading into the midterm and what that means for the future of the cannabis industry. Some of what we discussed, both seen in the U.S. and Canadian markets, can be seen below when looking at the cannabis market in Massachusetts. In June, Massachusetts saw a MoM increase in cannabis sales of 1%, which is an improvement from being down 2% in May. June did see a YoY decel by only growing 5% compared to 8% in the month prior. The real story here isn't about consumer traffic, but the price deterioration that the market is seeing. In May alone, prices had fallen 2.5% compared to the month prior and fell 21.3% compared to a year ago. These are just a few of the trends we dove deeper into during today's presentation.
