Benchmarking
Market ComparisonApr 2026
Hawaii's two-year sales decline of 9% stands out among island and small-tier markets, where limited licensing typically insulates operators from the oversupply plaguing mainland states. With only 25 dispensaries serving the entire state, the contraction points less to competitive pressure and more to demand leaking into the illicit market or shifting tourist spending patterns.
24-Month Trend

| State | Sales | YoY |
|---|---|---|
| Delaware | $5-10M | 202.6% |
| North Carolina | $5-10M | 24.6% |
| Hawaii | $2.5-5M | 3.6% |
| North Dakota | $2.5-5M | 88.9% |
| Iowa | $1-2.5M | 2.6% |
Benchmarking
Market ComparisonApr 2026
Hawaii's two-year sales decline of 9% stands out among island and small-tier markets, where limited licensing typically insulates operators from the oversupply plaguing mainland states. With only 25 dispensaries serving the entire state, the contraction points less to competitive pressure and more to demand leaking into the illicit market or shifting tourist spending patterns.
24-Month Trend

| State | Sales | YoY |
|---|---|---|
| Delaware | $5-10M | +202.6% |
| North Carolina | $5-10M | +24.6% |
| Hawaii | $2.5-5M | -3.6% |
| North Dakota | $2.5-5M | +88.9% |
| Iowa | $1-2.5M | -2.6% |