BDSA, a business intelligence firm focused on global cannabis markets, announced the launch of its Rapid Retail Sales Tracking, a data dashboard that offers near real-time tracking of cannabis retail sales. The firm reported sales recovery in mature markets including Colorado, California, and Oregon, and strong growth in new markets, such as Illinois and Massachusetts after a dip in January.
“This dichotomy reflects underlying market economics driven by price drops competing with increased unit sales in mature markets, new retailer locations, and expanded licensing pushing growth in new markets,” BDSA explained in a press release. “Declines in the second half of 2021’s fiscal year impacted the largest markets as pandemic stimulus activities dried up and inflationary pressures took hold."
