Washington Cannabis Sales

Jan, 2024
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Cannabis Market Data

Overview

The Washington cannabis market has exhibited a complex pattern of growth over the recent months. Sales data from the past two years indicates a fluctuating trajectory with a notable dip in January 2024, where sales dropped by 9.2% from the previous month and by 6.1% from the same month the previous year. Despite this, the market has shown resilience with occasional spikes in sales, suggesting a dynamic consumer base responding to various market forces. The average price of cannabis products has seen a slight increase in certain categories, with Flower, for example, rising from $21.17 to $21.50 from January 2023 to January 2024.

The market size, while subject to these fluctuations, has maintained a significant scale, with total sales in January 2024 reaching nearly $96 million. This level of activity indicates a robust and mature market, with consumer interest remaining strong across various product categories. The pricing trends, alongside the sales data, provide a nuanced picture of a market that is both growing and adjusting to the evolving preferences and economic conditions of its consumer base.

$95.99M

Jan, 2024

Sales

-6.1 %

Year Over Year

Growth

Data Snapshot Feb 10, 2024

Market Comparison

When comparing Washington to other markets, it's evident that the state holds a significant position in terms of market size and growth dynamics. For instance, the sales in Washington for January 2024 are substantial, albeit with a slight decline in growth rates. The average pricing across categories has remained relatively stable, with minor fluctuations indicating a market that's adjusting to consumer demand and purchasing power.

Average Item Prices
Product
Jan, 2024
YoY
Flower (Gram)
$7.00
Flower (Eighth)
$17.55
Edible (10mg)
$10.38
Concentrate (Gram)
$9.01
Top Strain
Wedding Cake
| State | Total Sales (Millions) | MoM Growth | YoY Growth | Average Item Price | |-------|------------------------|------------|------------|--------------------| | [Washington](https://www.headset.io/markets/washington) | $95.98 | -9.2% | -6.1% | Varies by category | | *Other State Data* | *To be added* | *To be added* | *To be added* | *To be added* |
Data Snapshot Feb 10, 2024

Category Performance

Category
Jan, 2024
YoY
$
32.63
M
-12.1
%
$
26.42
M
9.1
%
$
14.05
M
-9.0
%
$
9.58
M
-2.7
%
$
8.2
M
-20.9
%
$
3.35
M
6.3
%
$
0.77
M
-8.3
%
$
0.41
M
-14.6
%

The Edibles category, particularly the Gummies segment, has shown a divergent trend compared to the overall market, with a consistent demand and a slight increase in average item price from $15.91 in January 2023 to $15.57 in January 2024. The total sales for Gummies in January 2024 amounted to over $6 million, with nearly 400,000 units sold, underscoring the segment's popularity.

| Brand | Total Sales (Millions) | Total Units | Average Item Price | Brand Link | |-------|------------------------|-------------|--------------------|------------| | [WYLD](https://www.headset.io/brands/wyld) | $2.04 | 130,226 | $15.65 | [Link](https://www.headset.io/brands/wyld) | | [Green Revolution](https://www.headset.io/brands/green-revolution) | $0.83 | 48,415 | $17.11 | [Link](https://www.headset.io/brands/green-revolution) | | [Craft Elixirs](https://www.headset.io/brands/craft-elixirs) | $0.78 | 46,908 | $16.54 | [Link](https://www.headset.io/brands/craft-elixirs) | | [Journeyman](https://www.headset.io/brands/journeyman) | $0.75 | 44,137 | $16.97 | [Link](https://www.headset.io/brands/journeyman) | | [Smokiez Edibles](https://www.headset.io/brands/smokiez-edibles) | $0.47 | 34,140 | $13.70 | [Link](https://www.headset.io/brands/smokiez-edibles) |
Market Trends

Product Category Market Share In Washington

Monthly Cannabis Sales

Historical Cannabis Sales In Washington

Washington 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.
Report
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Report
January 17, 2020

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Washington Cannabis News

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September 19, 2022

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These cannabis brands are succeeding in Washington and Colorado, two of the most competitive and mature cannabis markets in the US.
Blog
July 8, 2021

A dab of data: A look at cannabis concentrates

To celebrate 7/10, we put together a brief overview of some popular types of dabs and some price points of the top brands.
User rating
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Legacy

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