
Discounts have become more popular around the holiday.
Discounts have become more popular around the holiday.
Maryland emerged as the quarter's cannabis superstar.
Brand count is low, price averages are high, and discounts are few.
Growth in pre-roll sales is outstripping other product categories.
Average basket sizes are trending downward, though.
By mid-2023, infused pre-rolls had grown to the largest pre-roll subcategory in the U.S., bringing in an average of $70 million in sales each month. In 2019, the subcategory only recorded for roughly $5 million average monthly sales. But that growth is even more significant when you consider that the price of pre-rolls overall have dropped to a point where infused pre-rolls today cost less than regular pre-rolls just a few years ago.
Source: Custom Cones USA and Headset, The State of the Pre-Roll Industry
Report: As one of the largest cannabis markets in the U.S., Illinois still offers many opportunities for entrepreneurs.
Overall, people are showing up to shop more frequently, but buy less these days.
In its first month, sales of cannabis climbed and discounts fell.
Canopy Growth's $3 billion loss epitomizes spiraling struggles in the Canada's cannabis industry.
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