Through March 28, 2018, California’s Bureau of Cannabis Control has issued 1031 temporary licenses for Adult-Use and Medical Storefronts, Micro Businesses, and Non-Storefronts.
In March 2018, cannabis sales at state licensed retailers and delivery services reached $248 million dollars. Compared to February, sales in the California market grew 27 percent. The growth in the market can be attributed to both new operators and increased access as well as healthy same-store growth amongst dispensaries licensed in prior months.
Flower/bud generated over $99 million in sales in March, contributing 41 percent to overall sales. Compared to February, sales of flower grew 21 percent and the average retail price declined nearly 4 percent.
Sales of concentrates reached nearly $78 million in March and contributed 31 percent of total revenues. Sales in the category grew 30 percent from the prior month. Vape products contributed greater than 80 percent of concentrate sales in March and enjoyed 33 percent growth from the prior month. Bubble hash, Live Resin, and Oils remain much smaller categories, but their respective share of the concentrates category increased greatly in March as each grew in sales in the range of 46-47 percent from the previous month.
Edible sales in March reached $41 million and grew 30 percent from the previous month. Sales of edibles contributed 17 percent of total revenues for the month.
Retail sales volume March 2018.
| Category | Sales | Category Share |
|---|---|---|
| Flower: | $99.4M | 41% |
| Pre-Rolls: | $16.9M | 7% |
| Concentrates: | $77.7M | 31% |
| • Live Resin: | $2.8M | 1.20% |
| • Oils: | $1.9M | 0.80% |
| • Shatter: | $2.2M | 0.90% |
| • Vape: | $63.2M | 26% |
| • Wax: | $3.5M | 1.50% |
| Edibles: | $40.6M | 16.80% |
| • Beverages: | $1.8M | 0.80% |
| • Candy: | $15M | 6.20% |
| • Chocolates: | $5.6M | 2.30% |
| • Infused Foods: | $5.6M | 2.30% |
| • Pills: | $3.1M | 1.30% |
| • Tinctures: | $8.7M | 3.60% |
| Topicals: | $4.3M | 1.80% |
–Dawne Morris
Passion Pusher
www.proteus420.com
