Nevada Cannabis Sales

Feb, 2026

Cannabis Market Data

Overview

Nevada's cannabis market has seen a notable contraction over the past year. In February 2026, total sales reached $48.1 million, with an average item price of $21.75. This represents a 17.8% year-over-year decline in sales and a 17.1% drop in units sold. The market has experienced consistent month-over-month declines, with only brief periods of recovery. Pricing has remained relatively stable, with average item prices fluctuating only slightly over the past year, suggesting that the sales decline is driven more by reduced consumer demand than by price erosion.

Despite these headwinds, Nevada's cannabis market remains significant in size, especially considering its population and the heavy influence of tourism. The state's pricing is higher than many mature markets, reflecting both the premium positioning of products and the unique dynamics of Las Vegas and other tourist destinations. However, the persistent sales contraction signals a need for operators to adapt to shifting consumer preferences and increased competition.

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$48.12M

Feb, 2026

Sales

-17.8 %

Year Over Year

Growth

Data Snapshot Mar 03, 2026

Market Comparison

Nevada's market size, at $48.1 million in February 2026, places it below larger states like California ($286.9M), Michigan ($206.2M), and New York ($163.5M), but ahead of states like Connecticut ($22.2M) and Oregon ($66.9M). However, Nevada's -17.8% YoY sales decline is among the steepest in the country, outpacing declines in mature markets such as California (-6.4%) and Colorado (-8.4%).

Average item prices in Nevada ($21.75) are higher than in most mature markets (e.g., Michigan at $8.88, Oregon at $12.26, Washington at $11.99), but lower than emerging or limited-license states like New York ($31.29) and New Jersey ($31.27). This positions Nevada as a premium market, but one that is currently struggling to maintain volume.

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Nevada Weed Prices

Flower (Gram)

$10.21

4.20%

Flower (Eighth)

$23.34

4.20%

Edible (100mg)

$15.85

4.20%

Concentrate (Gram)

$21.27

4.20%

Top Strain

Jenny Kush

| State | Total Sales ($M) | Avg. Item Price | YoY Sales Growth | |-------|------------------|-----------------|------------------| | [CA](https://www.headset.io/markets/california) | 286.9 | $18.44 | -6.4% | | [MI](https://www.headset.io/markets/michigan) | 206.2 | $8.88 | -14.8% | | [NY](https://www.headset.io/markets/new-york) | 163.5 | $31.29 | +54.8% | | [NV](https://www.headset.io/markets/nevada) | 48.1 | $21.75 | -17.8% | | [OR](https://www.headset.io/markets/oregon) | 66.9 | $12.26 | -5.7% | | [WA](https://www.headset.io/markets/washington) | 79.1 | $11.99 | -10.0% | | [NJ](https://www.headset.io/markets/new-jersey) | 83.9 | $31.27 | -2.3% | | [IL](https://www.headset.io/markets/illinois) | 113.3 | $28.47 | -10.2% |

Data Snapshot Mar 03, 2026

Category Performance

Flower

20.27

-17.0

Vapor Pens

11.42

-23.3

Pre-Roll

7.43

-11.8

Edible

5.67

-13.2

Concentrates

1.95

-26.1

Beverage

0.79

2.6

Topical

0.22

-26.7

Capsules

0.21

-41.7

Tincture & Sublingual

0.16

-23.8

While most categories in Nevada are experiencing double-digit sales declines, the Beverage category stands out for its year-over-year growth (+2.6%) and double-digit unit growth (+10.2%) in February 2026. This is in stark contrast to the overall market trend and highlights a growing consumer interest in alternative consumption formats.

Key insight: The Carbonated and Water segments are driving growth, with Water sales more than doubling year-over-year. This suggests consumers are seeking more familiar, approachable beverage formats.

| Segment | Total Sales ($M) | Units Sold | YoY Sales Growth | |---------------------------------|------------------|------------|------------------| | Carbonated | 0.24 | 24,994 | +40.3% | | Drops, Mixes, Elixirs, Syrups | 0.38 | 44,663 | -15.4% | | Sports and Energy | 0.12 | 13,316 | +20.1% | | Water | 0.02 | 3,777 | +111.1% | | Mocktails | 0.02 | 1,876 | -0.8% | | Iced Tea, Lemonade, Fruit | 0.02 | 2,663 | -29.2% | | Brand | Total Sales ($) | Units Sold | Avg. Item Price | |------------------|-----------------|------------|-----------------| | [Sip Elixirs](https://www.headset.io/brands/sip-elixirs) | 378,570 | 44,663 | $8.48 | | [Keef Cola](https://www.headset.io/brands/keef-cola) | 146,312 | 13,948 | $10.49 | | [HaHa](https://www.headset.io/brands/haha) | 76,957 | 6,287 | $12.24 | | [Drink Loud](https://www.headset.io/brands/drink-loud) | 72,818 | 7,956 | $9.15 | | [Uncle Arnie's](https://www.headset.io/brands/uncle-arnies) | 68,815 | 7,880 | $8.73 | | [RYTHM](https://www.headset.io/brands/rythm) | 7,000 | 1,527 | $4.58 | | [Wyld](https://www.headset.io/brands/wyld) | 3,500 | 716 | $4.89 |

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Data Snapshot Mar 03, 2026

Top Cannabis Brands in Nevada

STIIIZY

Wyld

RYTHM

Rove

Select

Camino

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Market Trends

Product Category Market Share In Nevada

Monthly Cannabis Sales

Historical Cannabis Sales In Nevada

Nevada Cannabis Reports

Report

January 12, 2023

A deep dive of the Nevada cannabis market

This report is created in partnership with Dai Truong of Arlington Capital Advisors. Please read more about him and his work covering the cannabis space at the bottom of the report.

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