.svg){kind=small}
Washington Cannabis Sales
Jun, 2024
Overview
The cannabis market in Washington has shown a varied performance over the past two years. As of June 2024, the average item price in the state has slightly decreased to $12.72 from $12.88 in the previous month, reflecting a month-over-month decline of 2.4% in total sales which amounted to approximately $98.81 million. This trend of declining sales and prices is consistent with the year-over-year data, which shows a 5.6% decrease in sales. This suggests a cooling off in the market, possibly due to market saturation or increased competition from neighboring states.
Jun, 2024
Sales
Year Over Year
Growth
Market Comparison
Comparing Washington's cannabis market to other states, it is evident that Washington's market is relatively more mature and possibly facing challenges such as price compression and competition. For instance, New York, a newer market, has shown a staggering year-over-year sales growth of 483.4% with an average item price of $36.04, significantly higher than Washington's. Similarly, Maryland's market has exploded with a 100.7% increase in sales and a 98.6% increase in units sold year-over-year. These figures starkly contrast with Washington's declining sales figures.
Washington Weed Prices
Category Performance
The Edibles category in Washington presents an interesting contrast to the overall market trends. In June 2024, the average price of edibles was $13.19, and the total sales for this category were around $10.06 million with 762,873 units sold. Notably, this category experienced a 7.4% month-over-month sales growth and a 7.8% increase in units sold, alongside a modest year-over-year sales growth of 1.3% and a 10.4% increase in units sold. This suggests a growing consumer preference for edibles over other cannabis products, possibly due to their ease of use and discretion.
Top Cannabis Brands in Washington
Product Category Market Share In Washington
Historical Cannabis Sales In Washington
Washington Cannabis Reports
Understanding the recent sales declines in legacy cannabis markets
The 2016 Washington Cannabis Industry: No Signs of Slowing Down
Washington’s Growing CBD Market: The Secret Is Out
Washington Cannabis News
.png)
A look at last year's 4/20
5 cannabis brands outperforming current market trends in CO & WA
A dab of data: A look at cannabis concentrates
Get More Washington Cannabis Market Data