.svg){kind=small}
California Cannabis Sales
Sep, 2024
Overview
California's cannabis market remains a significant segment of the state's economy, characterized by a robust consumer base and diverse product offerings. As of September 2024, the state reported total cannabis sales amounting to approximately $334.22 million, with an average item price slightly decreasing from $19.53 in August 2024 to $19.47. Despite a month-over-month sales decline of 5.4% and a unit sales decrease of 5.1%, the market shows a modest year-over-year sales decrease of 7.7% but a unit growth increase of 2.9%. This indicates a complex market dynamic where volume growth does not necessarily align with revenue growth, suggesting a possible increase in consumer purchasing power or shifts in product preferences.
The pricing trends in California reflect a nuanced landscape. The average item price has seen a slight decrease, which could be attributed to market adjustments or increased competition among dispensaries. This pricing dynamic is crucial as it plays a significant role in consumer behavior and market penetration, especially in comparison to other states where prices may be higher due to different regulatory landscapes or market maturity levels.
Sep, 2024
Sales
Year Over Year
Growth
Market Comparison
Comparing California with other major markets like New York and Ohio, we observe distinct differences in growth rates and pricing. New York, for instance, showed an extraordinary year-over-year sales growth of 368.1% and a unit growth of 402.9%, with an average item price of $35.94, significantly higher than California's $19.47. Ohio also displayed strong growth with a 106.5% increase in sales year-over-year. These differences highlight California's more mature market, facing stiffer competition and market saturation, unlike newer markets which are experiencing rapid expansion phases.
California Weed Prices
Category Performance
The Flower category in California, despite a general market downturn, shows interesting trends, particularly in its segments. In September 2024, Flower accounted for a significant portion of the market at $109.60 million in sales. However, it experienced a 5.4% decrease in sales and a 5.2% decrease in units sold month-over-month, with a notable 12.1% drop in sales year-over-year. Among the segments, 'Ground Flower' and 'Specialty / Infused' products stand out. Ground Flower saw a sales increase of 2.6% month-over-month and a substantial 60.3% increase year-over-year, suggesting a growing consumer interest in this segment. Similarly, Specialty / Infused products surged by 9.8% month-over-month and an impressive 114% year-over-year, indicating a robust demand for niche, value-added products.
Top Cannabis Brands in California
Product Category Market Share In California
Historical Cannabis Sales In California
California Cannabis Reports
.png)
Understanding the recent sales declines in legacy cannabis markets
Early Market Trends: California 2018
California Cannabis News
.png)
Headset Vault saves CA-based company, Kiva Sales & Service, 80 hours per week
Get More California Cannabis Market Data