Just a quicky … no charts, no graphs, just some concern over an unexpected event that I saw in the daily state sales data that were just posted by the WSLCB:
AVERAGE DAILY SALES OF STATE-LEGAL CANNABIS FELL IN WASHINGTON FOR THE FIRST TIME IN OCTOBER.
Yup. Average Daily Sales of Cannabis in the I-502 market hit only $1,978,210 in October (compared to $1,985,040 in September). This is for ALL sales (including wholesale and retail).
It is a little early for things to be flattening out and I suspect this is an anomaly … let’s hope this is driven by prices more than by volume.
When broken out by Business Type, Production grew over 63% (hello fall harvest!) from Sept to Oct, Processing about 2.4% and Retailing only grew 0.2% … does this, perhaps, foreshadow the “Oregon Tax Free Effect”? (e.g., OMG – is it actually a decrease in VOLUME!!!!?)
Stayed tuned to HI-Blog to find out.