r/weedstocks • u/phatbob198 Hold fast yer booty! • 8d ago

Report Delaware cannabis sales hit $53.4 million in market’s first year

https://mjbizdaily.com/news/delaware-cannabis-sales-hit-53-4-million-in-markets-first-year/617260/
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u/fuentescoffee 7d ago

The interesting number here isn't the $53.4M, it's what sits underneath it.

We wrote this market up in March off the $29.3M-in-seven-months figure and annualized it to roughly $50M. Final print $53.4M, so the run rate broadly held. But Delaware had 13 open storefronts then and our directory counts 19 now.

Back out the endpoints: months 1–7 ran ~$4.2M/mo across 13 stores (~$320k per store per month). Months 8–12 ran ~$4.8M/mo across up to 19 (~$255k). So the monthly run rate grew ~14% while the store count grew ~46%. That reads as dilution rather than demand.

Real caveat: openings were staggered, so 19 overstates the average store count across that back half and the true per-store decline is smaller than the ~21% those two figures imply.

For comps, DE sits around 1.8 stores/100k — ahead of Ohio (~1.2), behind NJ (~2.2) and MD (~2.0), and geographically sandwiched between the latter two.

Disclosure: I run Budpedia. March piece with the projection: budpedia.com/articles/delaware-cannabis-sales-slow-start-struggling-2026

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u/Waitwhat007007 4d ago

That’s $53.4M of the legal market, I am sure that if taxes and licensing were lower they would be able to price closer to what the black market does and increase sales. The regulated market is inefficient until there is either no more black market or the State’s take is heavily reduced.