I’ve seen a number of estimates of what 4/20 would bring in Retail Cannabis sales in Washington recently and was successful in keeping my mouth (and keyboard) shut on the issue this year. After forecasting this and a number of other significant sales milestones over the past two years, I felt it would be good to take a break and see what others that purport to service the industry with data would come up with. Would the void be filled?
It was, but I see discrepancies between the actual data and what has been said about 4/20/2016 and 4/20/2017. Factual and/or arithmetic errors impact the history and estimates published by others. Methodological biases are not mentioned … and are, perhaps, not realized by the authors.
Now that I’m seeing folks beginning to report on what actually happened last Thursday, I just can’t help myself.
STOP IT PEOPLE … YOU ARE WRONG.
To set the story straight, a number of records were broken for Retail sales last Thursday.
We saw our first day with over $5 million dollars in Retail sales in Washington, representing an increase of 131% over the average day of retail sales seen during the first 19 days of April. (as opposed to one of the “for-pay” data sites that is running around saying it is 79%)
These $5.45 million in retail sales generated over $2 million in excise taxes for the State (another first).
These $5.45 million in retail sales represent an 87.5% growth over the retail sales seen on 4/20 of 2016.
Biggest retail sales day in our market’s history … by a long shot.
Those selling access to the data to the masses (and giving incorrect information to the media), please try to get your inputs and arithmetic right. I can’t wait to see how you model the dynamics of the market. Alt. facts have no place when real ones are available.