With most regulated adult-use marijuana markets reporting sales numbers through November, year-over-year growth rates in 2023 varied by market age.
New markets in Arizona, Illinois and Maine continued to grow – although at slower rates than in 2022 – while established markets such as Colorado and Nevada did not decline as much as they did in 2022.
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The slowing of year-over-year sales declines in mature markets is a promising trend, as many older cannabis markets experienced double-digit contraction in recent years.
For example, Colorado recreational sales declined 16% between 2021 and 2022.
Growth rates in new recreational marijuana markets usually slow as they enter the third or fourth year of sales.
Yet turmoil in the cannabis industry and economy in 2023 likely hampered
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