Oregon Cannabis Sales

Jun, 2024

Cannabis Market Data

Overview

The Oregon cannabis market has demonstrated a relatively stable growth pattern, with a modest year-over-year sales growth of 1.7% and a unit growth of 7.6% as of June 2024. The average item price in Oregon has slightly decreased from $14.07 in May 2024 to $14.08 in June 2024, indicating a stable pricing environment. This stability in pricing, coupled with consistent unit sales growth, suggests a maturing market where consumer demand remains strong but is no longer experiencing the rapid price fluctuations seen in newer markets.

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$81.69M

Jun, 2024

Sales

1.8 %

Year Over Year

Growth

Data Snapshot Jul 03, 2024

Market Comparison

Comparing Oregon to other key markets, it's evident that Oregon's cannabis market is smaller and exhibits different growth dynamics. For instance, California, with a total sales of $340.41 million in June 2024, saw a year-over-year decline of 8.5% in sales but a slight increase in unit sales. New York, although smaller in total sales at $51.93 million, showed a dramatic year-over-year increase in sales and units, attributed to recent market expansions.

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Oregon Weed Prices

Flower (Gram)

$18.45

4.20%

Flower (Eighth)

$13.42

4.20%

Edible (10mg)

$11.55

4.20%

Concentrate (Gram)

$12.02

4.20%

Top Strain

Runtz

| State | Avg. Item Price (June 2024) | Total Sales (June 2024) | YoY Sales Growth | YoY Unit Growth | |-------|-----------------------------|-------------------------|------------------|-----------------| | OR | $14.08 | $81,920,777 | 1.7% | 7.6% | | CA | $20.17 | $340,410,581 | -8.5% | 1.0% | | NY | $36.04 | $51,926,299 | 483.4% | 517.6% |

Data Snapshot Jul 03, 2024

Category Performance

Flower

29.01

-9.4

Vapor Pens

20.64

17.8

Pre-Roll

11.88

8.7

Edible

10.37

8.1

Concentrates

7.34

-2.4

Beverage

1.23

-6.1

Tincture & Sublingual

0.78

-14.3

Topical

0.44

-4.3

To delve deeper, let's focus on the Flower category in Oregon. This category often serves as a good indicator of overall market health due to its popularity and broad consumer base. In June 2024, the Flower category experienced a decrease in average item price from $19.05 in May to $21.23, alongside a significant drop in month-over-month sales by 2.2% and a 12.2% decrease in units sold. Year-over-year, the sales dropped by 9.4%, but unit growth was slightly positive at 1.7%. This suggests a challenging period for the Flower category, contrasting with the overall market's stability.

| Category | Avg. Item Price (June 2024) | Total Sales (June 2024) | MoM Sales Growth | YoY Sales Growth | |----------|-----------------------------|-------------------------|------------------|------------------| | Flower | $21.23 | $29,009,917 | -2.2% | -9.4% |

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Data Snapshot Jul 26, 2024

Top Cannabis Brands in Oregon

Wyld

Select

Gron / Grön

Smokiez Edibles

Hellavated

Buddies

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Market Trends

Product Category Market Share In Oregon

Monthly Cannabis Sales

Historical Cannabis Sales In Oregon

Oregon Cannabis Reports

Report

September 12, 2022

Understanding the recent sales declines in legacy cannabis markets

When we dig into the underlying causes of the overall cannabis sales declines in the US, we find some notable patterns contributing to the market retraction.

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