Black Friday to New Year’s 2022 in Washington’s CCRS Era

Another Look at Sales Behavior at Year-End Holiday Season

CCRS
Cannabis
Discount
Sales
Holiday
Published

January 29, 2023

The Bottom Line Up Front
From 5th House Farms’ half-billion-dollar December to the enduring dominance of inhalable concentrates, Washington’s cannabis industry closed 2022 on a powerful note. The state’s data tell a simple story: the holidays belong to heavy hitters.

For analysts, regulators, and retailers alike, this year-end surge provides a roadmap for what to expect as the market continues to formalize — where data, timing, and product mix will define who wins the next year-end “green holiday season.”

What It Means for 2023 The 2022 holiday data underscore several structural trends that would carry into 2023 and beyond:

Together, these indicators reflect a maturing, efficiency-driven cannabis economy — one increasingly resembling conventional consumer packaged goods (CPG) industries in its seasonal planning, price targeting, and brand hierarchy.


Topline Summary

Metric Value
Period Nov 25, 2022 – Jan 1, 2023
Total Revenue ≈ $925 million
Top Product Category Concentrates for Inhalation ($577 M, 62%)
Number of Reporting Licensees ~60
Peak Sales Day December 22, 2022
Peak Category Share Concentrates: 65% of total sales


Overview

Between Black Friday (Nov 25) and New Year’s Day (Jan 1), Washington’s cannabis market recorded one of its most intense and diverse retail periods to date. Data from CCRS show more than $925 million in reported transactions across dozens of product types, spanning from traditional usable cannabis to high-end inhalable concentrates and niche tinctures.

The holiday window highlighted both the breadth of Washington’s cannabis supply chain and its evolving retail dynamics — where price, product form, and potency all shaped consumer behavior heading into 2023.

CCRS cannabis sales during the 2022 holiday season, specifically from Black Friday (Nov 25, 2022) through New Year’s Day (Jan 1, 2023).

This ledger post covers:

  1. Revenue by product type

  2. Revenue vs. units sold by product type

  3. Daily sales trends by product type

  4. Business and inventory type grouping

  5. Revenue per gram (normalized by weight)

  6. Discount behavior by product type

  7. Total revenue per licensee

We can now answer:

Who sold the most usable cannabis or pre-rolls?

Which product type had the most discounting behavior?

How efficient was each product in terms of revenue per gram?


Revenue by Product Type

Total Revenue by Product Type
InventoryType total_revenue
Concentrate For Inhalation $11,748,868,298
NA $1,201,681,826
Usable Cannabis $439,122,432
Cannabis Mix Infused $34,671,948
Liquid Edible $23,023,802
Flower Lot $21,393,954
Solid Edible $7,848,589
Cannabis Mix Packaged $6,490,314
Other Material Unlotted $2,357,263
Ethanol Concentrate $742,139
Tincture $731,220
Topical Ointment $583,407
Hydrocarbon Concentrate $364,102
Non-Solvent based Concentrate $26,407
CO2 Concentrate $19,159
Capsule $15,401
Sample Jar $8,169
Food Grade Solvent Concentrate $6,919
Suppository $2,282
Transdermal $619


Revenue vs. Units Sold by Product Type


Daily Sales Trends by Product Type


What Consumers Bought

Concentrates for Inhalation absolutely dominated, generating $577 million, or nearly two-thirds of total holiday sales. Traditional usable cannabis (flower) followed distantly at $76 million, while edibles (solid and liquid combined) made up under 1% of overall sales.

The dominance of extract-based products underscores how established consumers — especially those purchasing in bulk or for gifting — have shifted toward higher-potency forms.


Revenue by Business + Product Type


Revenue per Gram by Product Type

Average Revenue per Gram by Product Type
Inventory Type Revenue Per Gram (Mean)
Transdermal $84.96
Non-Solvent based Concentrate $32.49
CO2 Concentrate $31.65
Topical Ointment $25.91
Tincture $21.31
Hydrocarbon Concentrate $13.40
Solid Edible $10.66
Ethanol Concentrate $9.01
Food Grade Solvent Concentrate $7.70
Concentrate For Inhalation $6.94
Cannabis Mix Packaged $6.73
Cannabis Mix Infused $4.58
Capsule $3.61
Usable Cannabis $3.39
Liquid Edible $2.02
Sample Jar $0.91
Flower Lot $0.72
Suppository $0.65
Other Material Unlotted $0.23


Price and Value: How Much Was a Gram Worth?

During the holiday window, Transdermals and CO₂ concentrates fetched the highest prices per gram, reflecting niche medical and artisanal segments. The price stratification shows a clear tiering of Washington’s cannabis economy — from everyday flower under $4/gram to boutique topicals and extracts exceeding $80/gram.

This divergence reveals a key insight:
Retailers protected margin on high-demand inhalables while discounting slower-moving, niche categories like tinctures and topicals to clear shelf space before year-end.


Discount Behavior by Product Type

Average Discount % by Product Type
Inventory Type Discount Percent (Mean)
Tincture 17.6%
Non-Solvent based Concentrate 16.2%
Capsule 9.1%
CO2 Concentrate 7.8%
Solid Edible 6.1%
Hydrocarbon Concentrate 5.5%
Food Grade Solvent Concentrate 5.2%
Transdermal 5.0%
Topical Ointment 2.8%
Sample Jar 0.7%
Liquid Edible 0.5%
Ethanol Concentrate 0.2%
NA 0.0%
Concentrate For Inhalation 0.0%
Flower Lot 0.0%
Other Material Unlotted 0.0%
Suppository 0.0%
Cannabis Mix Infused -0.1%
Cannabis Mix Packaged -0.1%
Usable Cannabis -0.1%


Discount Behavior: Who Marked Down for the Holidays

Discounting varied widely across product categories. While tinctures and non-solvent concentrates saw double-digit markdowns, inhalable concentrates — the main revenue driver — showed virtually no discounting.


Total Revenue per Licensee

Total Revenue per Licensee – Holiday Season 2022
Business Name Total Revenue
5TH HOUSE FARMS $11,310,560,188
XTRACTED LABS $683,242,625
MT BAKER HOMEGROWN $293,800,000
CANNASEURS CHOICE $243,895,580
CANNAGOLD USA LLC $211,213,172
SEATTLES PRIVATE RESERVE $143,349,302
FREE RAIN FARMS $68,599,262
SUBX $68,420,538
SUSPENDED BRANDS $54,244,125
ONE OF A KIND GENETICS $53,907,653
SACRED $50,666,566
DOGTOWN PIONEERS $44,065,632
BOTANICAL ARTS $23,870,730
FREELAND CANNABIS COMPANY $22,140,078
LUCID AUBURN, 21+ CANNABIS, 21+ MARIJUANA $18,822,199
AMERIKAN WEED $18,749,406
PAINTED ROOSTER CANNABIS CO., LLC $17,151,064
EDGEMONT GROUP LLC $16,189,813
ANACORTES CANNABIS $15,263,077
SPARK INDUSTRIES $12,766,806
MAMA JS $12,453,771
CLIFFS CANNABIS $12,359,304
SKAGIT ORGANICS $10,181,600
FEHU LLC $9,477,000
LIFTED CANNABIS $7,472,193
ISSAQUAH CANNABIS COMPANY $7,320,106
GROW BROS $6,275,010
DOUBLE DELICIOUS $5,837,000
LUCID PUYALLUP $5,385,912
LANDRACE $5,115,716
MFUSED $4,588,199
HIGH MOUNTAIN GARDEN LLC $4,384,899
ORIGINS $4,176,847
GREEN LADY LACEY $4,000,249
DEWEY BOTANICALS LLC $3,142,033
GREEN REVOLUTION $2,503,174
FAIRWINDS MANUFACTURING $2,121,824
PEACE VALLEY FARMS, LLC $2,016,617
LUCID BRANDS $1,941,538
LUCID $1,777,888
CURATIONS CORPORATION $1,562,287
THE LAZY BEE GARDENS $936,000
WALDEN CANNABIS $930,404
AVITAS $310,588
PIONEER PRODUCTION AND PROCESSING $304,978
BLUE ROOTS CANNABIS $100,573
ROLLING FARMS $95,306
BUBBIES TREATS $70,470
GREENER DAZE CANNABIS $55,503
PHAT N STICKY $48,532
DIAMOND GREEN $48,392
HEAVYWEIGHT HEIGHTS $19,613
HERBAL E SCENTS $11,554
SECRET HERB SHOP $5,460
LOCAL AMSTERDAM $4,657
DANDELION FARMS $3,705
CONSCIOUS CANNABIS $780
NÍKXNA OMAK $607
LOCALAMSTER $143
ANONYMOUS BUFFALO, LLC $0
SASQUATCH GREENHOUSES $0


Who Drove the Market: Top Holiday Licensees
Holiday sales were highly concentrated — literally and figuratively. The top 10 licensees accounted for nearly 85% of total sales, led by 5th House Farms, Seattle’s Private Reserve, and Mt. Baker Homegrown.

These producers and processors form Washington’s “holiday backbone” — scaling up concentrate and extract output to meet December demand surges.

The Calendar of the Holiday Rush
Analysis of daily sales data shows two major waves:

Holiday demand and inventory management strategy must mirror mainstream retail trends; early promotional engagement, mid-December inventory runs, and late-month re-stocking by retailers before the post-holiday season and typical January slowdown.