Erosion of the Illicit Market

  • Despite the COVID-19 pandemic, states have seen accelerated sales in legal cannabis markets versus erosion in illicit markets.
  • Strong patient participation in Florida and Oklahoma’s respective medical-use markets demonstrated continued demand despite general economic contraction during the pandemic.
  • Oregon and Colorado both set state records for overall cannabis sales in May.
  • New Frontier Data found that average consumer monthly spending rose to record highs in April and May, reaching $290 and $296, respectively.