Norbert Hessefort’s Post

JUST IN! New Mexico Cannabis April Sales REC Sales down 3.1% to $38.25mm (TDH predicted $38.48mm) REC Trans down 1.5% REC AOV down 1.6% to $41.82 (TDH predicted $42.08) MMJ Sales down 1.5% MMJ Trans down 1.6% MMJ AOV up .2% to $51.90 Total Licensed Retail Storefronts down 24 licensed units, or 2.3%, to 1,003. This is the lowest figure since last June. #newmexicocannabis #cannabisdata The Data Heard

New Mexico Cannabis OCT '24 Sales Highlights: 1️⃣ REC: - Sales up 3.9% to $37.11mm. - Transactions up 3.3% to 973k - AOV up $.25 to $38.15 2️⃣ MMJ: - Sales up 2.9% to $11.44mm. - Transactions up 2.6% to 244k - AOV up $.16 to $46.81 - MMJ as a % of TOTAL Sales down .8% M/M to 23.6% 3️⃣ TOTAL Sales up 3.7% to $48.55mm 4️⃣ # of issued retail licenses unchanged at 1,006 #newmexicocannabis #cannabisdata The Data Heard

New Mexico Cannabis still waiting on June sales data... The C.R.O.P. only lists REC sales records for 603 storefronts in June. 71 storefronts that reported REC sales in May have not reported sales for June. Of the 603 that reported REC sales in June, 429 were negative M/M. That's 71% down from May - not a strong June. Compare that with last year, when only 51% were down from May.

I thought this was an interesting chart about state-level cannabis sales implementation in the U.S.:

New Mexico Cannabis - February Sales ☛ REC$ Sales and REC AOV: Slightly higher than where we predicted. Nice bounce off of the January pullback Total Retail Licenses --> Unchanged Total Sales --> UP 3.6% REC$ Sales --> UP 3.5% (forecast: UP 2.5%) REC Transactions --> UP.9% REC AOV --> UP 2.6% (forecast: UP 1.5%) MMJ$ Sales --> UP 3.8% MMJ Transactions --> DOWN 1.1% MMJ AOV --> UP 4.9% MMJ/Total Cannabis Sales % --> UP .2% #newmexicocannabis #cannabisdata The Data Heard

Michigan cannabis sales fell from a year ago in September, and rose sequentially 0.6% in October. At $268.8 million, sales last month were up 2.2% from last year, according to the Cannabis Regulatory Agency's monthly statistical report. Michigan cannabis sales expanded 82.1% in 2021 to $1.79 billion, 27.9% in 2022 to $2.29 billion and 33.3% to $3.06 billion in 2023. So far in 2024, they have grown by 9.2%. The program is expected to continue to expand ahead as distribution expands. Read more: https://lnkd.in/g7f3QKCZ

I thought this was an interesting chart about state-level cannabis sales implementation in the U.S.:

Did you know? In the fiscal year from April 2021 to March 2022, sales of recreational cannabis soared to a staggering $4.0 billion across provincial cannabis authorities and retail outlets. This equates to an average of $131 per person of legal consumption age, showcasing the immense growth and popularity of the cannabis market.

🌿 Record-Breaking Cannabis Sales in Michigan This March! March 2024 has set new milestones for the cannabis industry in Michigan, with the highest-ever sales recorded. This surge reflects the growing acceptance and integration of cannabis within market dynamics and consumer preferences. Marijuana Moment's analysis offers profound insights into the economic impact and evolving trends that could shape the industry's future. 👉 Explore the full article https://buff.ly/49BCIas Discuss what this means for Michigan's economy and the national cannabis landscape. #CannabisIndustry #MarketTrends #MichiganEconomy

New Mexico Cannabis % of Storefronts. This one chart is so telling about the state of the NM cannabis. These observations carry significant implications for the future of the NM cannabis market. 1) Look at only 5% (5%!) of all storefronts can claim three consecutive months of positive M/M REC sales gains DESPITE strong sales months (March - June) 2) I am concerned that the number of storefronts with Total monthly cannabis sales of less than $50,000 is trending in the wrong direction—55.8% of all storefronts in March and now 59% in June. Nearly 60% of the retail market is at risk of closing...IF this trend continues. 3) There is concern that the number of storefronts reporting more than $100,000 in REC sales per month is dropping from 104 (15.3%) in March to just 84, or just 12.1%, in June. This is not a sign of healthy growth, as $100k and up offers opportunities to cover expenses and plan for growth. #newmexicocannabis #cannabisdata The Data Heard