After a very sharp bounce in December from November, cannabis sales experienced large sequential declines in January across markets covered by cannabis data analytics firm BDSA.
BDSA provides coverage for the relatively mature markets of Arizona, California, Colorado, Nevada and Oregon.
Combined sales of $104 million were up 18.7% compared to a year ago, when there were only medical cannabis sales , and down 10% from December.
January sales of $275 million contracted by nearly 10% from December and by over 12% from a year ago in California.
Cannabis sales dropped 4% from December in Colorado to $168 million, down 11% from a year ago.
The Nevada market remains very weak due to the pandemic, with sales of $59 million declining 8% from December and 21% from a year ago.
The 17% decline from a year ago to $88 million was the first double-digit decline that Oregon has experienced in recent years.
Note that BDSA has begun providing data for Florida, Michigan and Pennsylvania as of January 2021, so the year-over-year growth was available for the first time this month.
We previously detailed state data indicating a 15% sequential decline to $147 million, up 32% from a year ago in January.
After setting a record in December, sales fell 14% to $136 million, 25% higher than a year ago.