Beard Bros Pharms is excited to share this collaboration with data partner Hoodie Analytics to provide in-depth insights into select cannabis markets across the United States. This partnership combines Beard Bros Pharms’ expertise in current news, cannabis cultivation, and advocacy with Hoodie Analytics’ unparalleled data on dispensary sales and market trends.
This spotlight on Maryland marks the first in a continuing series, where we will focus on a particular state’s cannabis market, giving you unique, data-backed insights. Each month, we will dive into sales data, top-performing brands, and pricing trends to give readers a comprehensive understanding of the ever-evolving cannabis industry.
In August, Maryland sold 98 million dollars worth of cannabis. Flower is the dominant category with sales of 40 million. The Vape category takes the number two spot bringing in just over 27 million. Let’s dive deeper into those Flower sales.
Because the cannabis industry is hyper-local, let’s look specifically into the Greater Baltimore area. Here is a look at the top 10 Flower brands for August:
We have already established that Flower is the top-selling product in Maryland, but what size option is the most frequently purchased? Here is a snapshot of cannabis flower by pack size in August:
When analyzing nationwide cannabis trends, one thing that stands out in the flower category is the rise of “affordable quality” in several markets. This does not include the price compression that is currently happening.
When we look at Maryland’s flower category, the average eighth is $41.98 before taxes. Here is a breakdown of what an eighth costs around the state:
Hoodie Analytics connects the cannabis industry and consumers with the most useful cannabis information to make better decisions. With over 10,000 dispensaries tracked daily in the USA and Canada, Hoodie’s data is unparalleled in its granularity and coverage. Hoodie Analytics’ easy-to-use applications and customized consulting solutions allow dispensaries, brands, consumers and ancillary services to make better decisions through the use of data.
To learn more about Hoodie Analytics here is their website. If you would prefer to jump on a call and run through some data live CLICK HERE to schedule a demo.
Check out more of Hoodie Analytics State Spotlights here at Beard Bros below.
