2020 sales exceeded $10,274,300,000 across all 12 markets. California had the highest monthly sales at $394M with annual sales over $3.81B in 2020.
Illinois spent on average $110.97 per visit, boosting it's YOY sales growth by 341%. Washington State, on the other hand, had the lowest average basket size spending only $34.50 per visit, preferring to shop more often.
The market with the most brand concentration was Alberta at 40%, while Washington's more mature market has a more competitive brand concentration rate of 22%.
Comparing cannabis retail in Canadian markets
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
Episode 634 of The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
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Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers.
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