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

Top performing dispensaries in California.

Store	City	Est. Sales
#1 Mercy Wellness - Cotati	Cotati	$1-2.5M
#2

Pre-Rolls were the standout mover, jumping 6.2% year over year to reach 18.2% share and narrowing the gap with the two dominant segments. Flower still leads at 31.8% but slid 1.7%, while Vapes grew 2.5% to 31.0%, making the top of the category leaderboard tighter than in almost any other state. Edibles and Concentrates each gained roughly 2.5%, holding 12.1% and 6.9% share respectively. STIIIZY continues to anchor multiple categories. At the margins, Accessories fell 12.0% and Topicals declined sharply, pointing to consumers consolidating spending around core consumption formats.