MJ Research Report: After Slow Start For 2015 Washington Legal Pot Sales Rebound With Record Week

Washington State now has 110 issued retail licenses.  In a couple weeks we will have the details on how many of these stores have opened for business.

By Joe Armes

WASHINGTON:  After a record sales day with over $1.2M in sales on New Year’s Eve the beginning of 2015 seemed to have been off to a sluggish start for recreational cannabis sales in Washington State.  That was until last week when sales growth perked up with a new record sales week with $4.2M in combined producer, processor and retailer sales between January 11th and the 17th.

Here are some other insights from the Washington State Recreational Cannabis Business Intelligence Dashboard:

  • Comparing month-to-month sales for the first 19 days of the month, January combined producer, processor and retailer sales continue on a slower growth trend for a second straight month and are trending at ~3% growth for the month.  In a couple weeks we will have the breakdown with more details but we expect a repeat of December with producer/processor sales declining and healthy growth for retail sales.
  • Overall, sales are on a healthy growth trend for the first 27 weeks of legal, recreational cannabis sales in the state.  This growth has been primarily driven by new retail store openings.
  • Washington State now has 110 issued retail licenses.  In a couple weeks we will have the details on how many of these stores have opened for business.

If you are a producer, processor or retailer who would like to be a confidential data provider for the dashboard and receive custom business insights or would like more information about business intelligence and analytics feel free to contact Joe at joe@analyticallycorrect.com

 

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