Pennsylvania crushes it into cannabis

Pennsylvania only legalized medical marijuana, but the numbers make it seem like it’s adult cannabis that is driving sales. Cannabis data company Headset recently expanded its reach to Pennsylvania and published its first full market report based on real-time customer insights and market data.

The report found that over the past twelve months Pennsylvania Medical cannabis sales have escalated and in between April 2020 and March 2021, Pennsylvania brought medical markets $ 909.4 million. Medical revenue increased 120% to $ 267.8 million in the first quarter of 2021, compared to $ 121.5 million in the same period last year.

Photo by Ethan Miller / Staff / Getty Images

The report also found that Pennsylvania stands out among other US markets with the largest average basket sizes to date this year $ 123.88 per basket. In addition, Pennsylvania The average basket size was twice that Michigan and one and a half times as high as Oregon.

RELATED: Michigan Cannabis Sales Near $ 1 Billion In First Year Of Adult Sales

“With close to $ 1B We are excited to give you unprecedented insight into this exciting market over the past 12 months, ”he said Cy Scott, Founder and CEO of Headset. “As cannabis operators continue to make significant investments Pennsylvania Having access to in-depth analysis, forecasting, and understanding of this complex marketplace as it continues to grow will be critical to success.

Provided by the headset

Flower is the winner

Like most cannabis users, flowers are the form factor of choice – despite being medicinal patients. The market share is even growing. Flower had a market share of 38% in March 2020 and has grown to 45% since March 2021. The market share of vape pens has decreased but they remain in second place and occupy 35% of the market. Concentrates had the highest average item price at $ 61and tinctures, flower pens and steam pens followed closely with an average item price of more than $ 50.

Legalization Outlook

Pennsylvania is the fifth largest state by population and is expected to be a large, rapidly growing market. A new poll from Muhlenberg College’s annual public health survey found residents want full legalization.

RELATED: These States are Joining the Billion Dollar Cannabis Club for 2020

“The trend towards public support for marijuana legalization in Pennsylvania is clear, and support is growing for the eighth consecutive year,” said Chris Borick, director of the college’s Institute of Public Opinion, in a statement accompanying the poll results. “As the state government considers this political option, the public increasingly concludes that it supports legalization.”

A record level (58%) of adult Pennsylvanians support marijuana legalization in the Commonwealth. This is the eighth wave in a row in this poll that has seen support for legalization in the state increased.

This article originally appeared in the Green Market Report and was republished with permission.

Post a comment:

Your email address will not be published. Required fields are marked *