Retail sales data provider BDSA has reported that monthly sales growth in New Jersey’s adult-use market has outpaced that of other adult-use markets tracked by the firm.
The state’s market is succeeding despite having a lower per capita retail count compared to other adult-use markets, according to a press release from BDSA.
“BDSA Retail Sales Tracking shows that the state brought in approximately $200 million in legal sales from April 21 to July 31,” the release states. “Dollar sales have seen a compound monthly growth rate of roughly 10% from May through July 2022. As a point of comparison, Illinois posted a compound monthly growth rate of just 3% in its first three full months of adult-use sales.” (“Dollar sales” refers to sales in dollars, as compared to other measurements, such as units sold.)