A rough fall landed D.C.’s medical market in another month’s downturn for November, according to The Alcoholic Beverage and Cannabis Administration’s monthly report.
Overall market sales fell almost half a million compared to October 2024. November 2024 sales hit almost $4.1 million market wide, almost $2.9 million in dispensary sales which actually topped October dispensary sales by about $100,000. However manufacturing and cultivation sales slowed down in November.
Cultivation sales were almost cut in half and manufacturer sales fell slightly below October’s sales. This could signify that current stores stocked up on inventory in months before from cultivators.
Registered patients are steadily increasing, reflecting new medical patient registrations as the market expands. Patients increased by 715 in November. There will be almost 2,400 patient expirations between December 2024 to February 2025 which still outpaces the growth of new patients.
Overall dispensary sales in November 2024 compared to the same month in 2023 were just under a one percent decrease. However sales fell by almost 10 percent compared to the same period two years ago. Overall market sales decreased almost the same amount compared to November 2022.
Though November overall sales were the lowest of the last four years during the same month, it wasn’t by a significant amount, and product sale growth in edibles and vapes continues to signal product diversity is helping the market stay a float.
November in short
- There were 10 inspections conducted.
- 3,130 lbs of cannabis waste was destroyed.
- Vape cartridges continued to increase in sales (10,366).
- Vapes brought in the second largest revenue ($380,404).
- Edibles were the third highest revenue generator ($95,727).
- 406 lbs of cannabis flower bud was sold.
