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Massachusetts Cannabis Sales
Jun, 2024
Overview
The Massachusetts cannabis market has shown a nuanced performance over the past year. As of June 2024, the state recorded total sales of approximately $134.28 million, a slight decrease of 2.7% month-over-month but a modest year-over-year growth of 0.5%. This indicates a stabilization in the market following more volatile periods. The average item price in June 2024 stood at $19.24, reflecting a decrease from the previous year's $23.35, suggesting a shift towards more competitively priced products or changes in consumer buying patterns.
Jun, 2024
Sales
Year Over Year
Growth
Market Comparison
Comparing Massachusetts to other key markets, it's evident that MA's growth rate is relatively conservative. For instance, New York showed a staggering year-over-year sales growth of 483.4% with an average item price of $36.04, significantly higher than MA's $19.24. Michigan also outpaced MA with a 5.4% sales growth and a 39.2% increase in units sold, highlighting a more robust market expansion.
Massachusetts Weed Prices
Category Performance
The Pre-Roll category in Massachusetts presents an interesting case. Despite the overall market's modest growth, Pre-Rolls have experienced a significant increase. In June 2024, the total sales for Pre-Rolls were about $27.44 million with a substantial year-over-year unit growth of 41.6%. This growth is notable in a market where other categories have struggled or shown only slight increases. The average price of Pre-Rolls dropped to $9.67, down from $12.51 the previous year, possibly fueling the increase in units sold.
Top Cannabis Brands in Massachusetts
Product Category Market Share In Massachusetts
Historical Cannabis Sales In Massachusetts
Massachusetts Cannabis Reports
A deep dive of the Massachusetts cannabis market
Massachusetts Cannabis News
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A look at last year's 4/20
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