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August U.S. cannabis sales came in at $1.66B which is a MoM decline of 2.3% from July and a YoY decline of 3%. This compared to July which saw the U.S cannabis market bring in $1.7B in sales growing 5.2% MoM and growing $4.4% YoY. We continue to see flat sales in an industry that many experts and CEOs say is growing. We will showcase how units are growing across the U.S. but the pricing determination is causing this market to plateau.
Today we hosted our monthly cannabis Q&A and industry trends call where we updated all of you on industry sales, unit growth, and much more as we showcase our new data sources. We also went through the key aspects of interstate commerce and how to play it in the equity markets.