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Colorado Cannabis Sales
Nov, 2024
Overview
The cannabis market in Colorado has shown a complex pattern of growth and pricing over the past two years. As of November 2024, the average item price in Colorado is $15.21, reflecting a slight increase from the previous month, yet the total sales have decreased by 7.7% month-over-month to $94.28 million. This indicates a challenging market environment where despite stable or increasing prices, the volume of sales is declining. Year-over-year data shows a minor decrease in sales by 1.6%, suggesting a stabilization in the market size after previous fluctuations.
Nov, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Colorado's cannabis market to other states, it's evident that Colorado has one of the lower average item prices at $15.21, which is significantly less than states like New York ($36.4) and Illinois ($28.98). However, the market size in Colorado ($94.28 million) is larger than many other states, such as Nevada ($54.71 million) and Maryland ($91.68 million), but smaller than California ($346.41 million) and Michigan ($266.11 million). The growth rates in Colorado are relatively stable or declining slightly, which contrasts with the explosive growth observed in states like New York and Ohio, where year-over-year sales growth rates are exceedingly high due to newer market developments.
Colorado Weed Prices
Category Performance
The Edibles category in Colorado presents an interesting case of divergent trends within the market. In November 2024, the total sales for Edibles were approximately $17.97 million, with a notable year-over-year growth of 20.5%. This growth is significantly higher compared to the overall market trend in Colorado. Within the Edibles category, Gummies stand out with a substantial increase in sales, reaching $16.15 million, which is a 24.4% increase year-over-year. This segment not only shows robust growth but also a significant increase in units sold, up by 35.8% from the previous year.
Top Cannabis Brands in Colorado
Product Category Market Share In Colorado
Historical Cannabis Sales In Colorado
Colorado Cannabis Reports
Understanding the recent sales declines in legacy cannabis markets
Colorado Cannabis News
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Navigating the Colorado Cannabis Market: Takeaways from our Denver Data Night
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A look at last year's 4/20
Get More Colorado Cannabis Market Data