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Nevada Cannabis Sales
Jun, 2024
Overview
The Flower category in Nevada is segmented into various types, each showing different trends. Notably, the Hybrid segment remains the largest, with sales of $17.50 million but a slight decrease of 4.5% from the previous month. The Indica and Sativa segments have also seen significant declines in both sales and unit growth, indicating a possible shift in consumer preferences or market saturation.
The Ground Flower segment, however, presents a contrasting trend with a significant month-over-month sales drop but a year-over-year increase in total units sold, suggesting a growing niche market that could be capitalized on. The Sativa - Popcorn and Shake and Trim segments show remarkable year-over-year growth, highlighting potential areas of consumer interest that are expanding rapidly.
Jun, 2024
Sales
Year Over Year
Growth
Market Comparison
To contextualize Nevada's market, it's essential to compare it with other key markets in the USA. California, as the largest market, had total sales of $340.41 million in June 2024 but also experienced a decline in sales. In contrast, New York showed an explosive growth rate, with sales increasing by 483.4% year-over-year, although from a much smaller base.
Nevada's average item price of $20.17 is lower than many states, such as New York ($36.04) and Illinois ($31.33), which could indicate a more competitive or saturated market. The growth rates in Nevada are also less favorable compared to states like Michigan, which saw a 5.4% increase in sales and a 39.2% increase in units sold year-over-year.
Nevada Weed Prices
Category Performance
Product Category Market Share In Nevada
Historical Cannabis Sales In Nevada
Nevada Cannabis Reports
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