Benchmarking
Market ComparisonApr 2026
California's two-year sales trajectory is down 5.9%, a notable slide for the nation's largest legal market and a contrast with younger states still riding expansion curves. The dispensary footprint contracted 4.8% to 1,419 stores, and prices edged down 1.2%, suggesting that even modest topline growth is being fueled by volume rather than pricing power.
24-Month Trend

| State | Sales | YoY |
|---|---|---|
| California | $340-350M | 1.3% |
| Michigan | $250-260M | 4.6% |
| Florida | $170-180M | 1.3% |
| New York | $150-160M | 6.7% |
| Massachusetts | $150-160M | 0.8% |
Benchmarking
Market ComparisonApr 2026
California's two-year sales trajectory is down 5.9%, a notable slide for the nation's largest legal market and a contrast with younger states still riding expansion curves. The dispensary footprint contracted 4.8% to 1,419 stores, and prices edged down 1.2%, suggesting that even modest topline growth is being fueled by volume rather than pricing power.
24-Month Trend

| State | Sales | YoY |
|---|---|---|
| California | $340-350M | +1.3% |
| Michigan | $250-260M | -4.6% |
| Florida | $170-180M | +1.3% |
| New York | $150-160M | +6.7% |
| Massachusetts | $150-160M | +0.8% |