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Nevada Cannabis Sales
Jul, 2025
Overview
Nevada's cannabis market has experienced a notable contraction in recent months, with a year-over-year sales decline of 14.0% and a decrease in units sold by 12.5%. Despite this downturn, the average item price has seen a slight decrease from $21.06 to $20.67. This suggests a market that, while shrinking in volume, has maintained a relatively stable pricing structure. The resilience in pricing, coupled with the sales volume decrease, points towards a potential saturation or maturing of the market, where consumer demand stabilizes or shifts.
Jul, 2025
Sales
Year Over Year
Growth
Market Comparison
When comparing Nevada to other states, it's evident that Nevada's market dynamics are somewhat unique. For instance, New York and Ohio have seen substantial year-over-year growth rates of 81.6% and 116.2% respectively, which starkly contrasts with Nevada’s decline. Pricing in Nevada remains competitive, with an average item price lower than that of Connecticut ($32.15) and Ohio ($33.86), yet higher than Colorado ($14.2) and Oregon ($11.9). This pricing strategy, coupled with the observed sales trends, suggests that Nevada's market might be experiencing different consumer behavior patterns or market saturation issues not seen in these rapidly growing states.
Category Performance
The Flower category in Nevada presents a mixed picture with a year-over-year sales drop of 11.9% and a unit sales decrease of 18.4%. However, certain segments within the Flower category buck this trend, showing remarkable growth. Notably, the Ground Flower segment has seen a year-over-year sales increase of 136.0% and a unit growth of 178.4%. This suggests a growing consumer preference for specific types of products within the broader Flower category.
Product Category Market Share In Nevada
Historical Cannabis Sales In Nevada
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