Washington Cannabis Trends
Washington sales for the month of November came in at ~$100M compared to ~$103M last month, which represents a 2.9% decline sequentially and down 9.4% YoY. Unit volumes were down 2.8% sequentially in the month which represents the reason for a lighter-than-expected sales number. The average price per unit was only down 0.2% sequentially but down 10.8% YoY. We have yet to see the bottom in terms of the pricing headwind facing this market currently.
Monthly Q&A + Industry Trends Call.
CALL DETAILS:
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We are hosting our monthly Q&A and Cannabis Industry Trends Update call for subscribers next Wednesday. We will answer questions regarding our position monitor, our process, and legalization, as well as give an update on our state-by-state cannabis sales tracker.
Please submit your questions in advance to - You can also submit them live during the event, but chances are you will get a better answer from us by sending them in advance!
Curaleaf expands its "The farmer's select" program.
Curaleaf Holdings, Inc. (CURLF) announced today that its third "The Farmer's Select" product collaboration is now available across California in partnership with Autumn Brands, a woman-and-family-owned farm nestled on the coast of Santa Barbara County. Autumn Brands cannabis is grown using sustainable farming techniques, natural sunlight, and 100% no-spray cultivation. Utilizing a closed-loop watering system, Autumn Brands ensures that no water is wasted during the growing process and all organic waste is composted. This focus on quality, consistency, and sustainability ensures nothing but the best cannabis reaches consumers. "We are proud to align ourselves with a conscientious, high-quality cultivator like Autumn Brands that prioritizes not just the consumer and the community but also the environment," said Matt Darin, CEO of Curaleaf. "With each Farmer's Select partnership, we aim to highlight the skills of innovative growers, talented extractors, and craft operators that are vital to the success of the California cannabis industry. This program is another example of how operators, both large and small, can work together to create a quality product and an inclusive, diverse industry." Formally launched in July 2022, The Farmer's Select program is an ongoing series of limited-edition collaborations with craft farmers and diverse operators in California. The program reflects Curaleaf's commitment to providing premium products to consumers while uplifting smaller operators across the Golden State. Select previously partnered with Sonoma Hills Farm in April 2022 and Delighted Farms in July 2022 -- both limited-edition product lines sold out in less than two weeks.
