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Arizona Cannabis Sales
Apr, 2024
Overview
The Arizona cannabis market has shown a dynamic landscape over recent months. In April 2024, the average item price decreased to $18.99 from $19.51 in March 2024, indicating a potential shift in consumer purchasing patterns or market saturation. Total sales for the same month reached $103.43 million, with over 5.44 million units sold. However, the market experienced a month-over-month sales decline of 5.4% and a more significant year-over-year sales drop of 13.5%, suggesting a cooling period for the industry in this state.
Despite the overall downturn, the market's resilience is evident in the unit growth, which remained positive year over year at 0.4%. This could imply that while consumers are spending less per transaction, the volume of transactions has not seen a corresponding decrease, indicating a stable consumer base.
Apr, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Arizona to other markets, it's clear that the state is not isolated in its challenges. For instance, California, a much larger market, also experienced a year-over-year sales decline of 7.1%. However, Arizona's year-over-year sales decline of 13.5% is steeper than some other states, such as Michigan, which saw a 14.4% increase in sales and a 48.1% increase in units sold year over year.
Pricing trends also vary significantly across states. Arizona's average item price of $18.99 in April 2024 is higher than Oregon's $13.29 but lower than Illinois's $31.13, which could reflect differences in product mix, taxation, and consumer preferences.
Arizona Weed Prices
Category Performance
Focusing on the Pre-Roll category, it presents an intriguing contrast to the general market trend. In April 2024, the category saw a slight month-over-month sales decrease of 3.6%, but a significant year-over-year unit growth of 23.3%. Within this category, the Connoisseur / Infused segment stands out with a 4.3% increase in sales and a remarkable 49.6% growth in units sold year over year, showcasing consumer interest in premium and specialty products.
The top brand in the Connoisseur / Infused segment for April 2024 was Jeeter, with total sales of $5.39 million and an average item price of $31.15. Following Jeeter, STIIIZY secured a strong position with sales of $2.29 million and a higher average price point of $34.56, indicating a successful premium branding strategy.
Product Category Market Share In Arizona
Historical Cannabis Sales In Arizona
Arizona Cannabis Reports
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A high-level overview of the Arizona cannabis market
Arizona Cannabis News
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A look at last year's 4/20
Examining Arizona’s first year of adult-use cannabis sales
Get More Arizona Cannabis Market Data