The MJBizDaily editorial workers has posted many tales this 12 months exploring points impacting the hashish trade.
Within the spirit of “an image is price 1,000 phrases,” listed here are charts and maps that visualize just a few of the traits we noticed in 2022:
The contraction of mature adult-use markets
Probably the most vital pattern in hashish in 2022 was declining gross sales within the mature leisure markets.
Most skilled double-digit declines versus the identical interval in 2021.
Though new markets confirmed wholesome progress, it makes one marvel what that will seem like in higher financial circumstances.
Canadian gross sales progress
Whereas mature markets within the U.S., together with Colorado, Oregon and Washington state, skilled year-over-year gross sales declines this 12 months, Canadian markets both grew or have been flat.
By way of October, gross sales in Ontario have been up 32% over 2021, with British Columbia and Manitoba rising greater than 20% throughout that point.
MJBizDaily reporter Solomon Israel attributes the expansion to new retailer openings and elevated product choice.
All of which continues to seize extra clients from the illicit market.
It sounds thrilling, however the essential factor to grasp – and which the next charts present – is that progress within the Canadian adult-use hashish market is slowing and has been for a while.
Sliding inventory costs
The beginning of 2021 was filled with hope for hashish traders.
President Joe Biden took workplace in January, and the Democrats took management of the Home of Representatives and Senate.
All of it went downhill from there as banking reform didn’t occur.
Hashish versus marijuana
In case you want any indication that the phrase “hashish” is rising in recognition over “marijuana,” simply have a look at Google traits for 2018 in comparison with 2022.
These maps present the proportion of searches for the 2 phrases by state.
Hover over or choose the states for the small print.
Andrew Lengthy might be reached at andrew.long@mjbizdaily.com.
