Arizona Cannabis Sales

Nov, 2024

Cannabis Market Data

Overview

Arizona's cannabis market has experienced a notable fluctuation in sales over the past two years. As of November 2024, the total sales reached approximately $88.1 million, reflecting a slight month-over-month growth of 2.0% but a significant year-over-year decline of 21.8%. This trend is indicative of a challenging period for the market, which has seen a consistent decrease in both sales and unit growth over the past year. The average item price in November 2024 was $18.71, down from $20.07 in November 2023, suggesting a decrease in pricing that might be influencing consumer purchasing behaviors.

The market's dynamics are further complicated by the varying performance across different cannabis categories. For instance, while some categories like Beverages and Vapor Pens have shown resilience or moderate declines, others such as Flower and Topicals have faced steep drops in both sales and unit numbers. This mixed performance across categories highlights the diverse consumer preferences and the impact of external market factors such as regulatory changes or economic conditions.

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$88.09M

Nov, 2024

Sales

-21.8 %

Year Over Year

Growth

Data Snapshot Dec 03, 2024

Market Comparison

When comparing Arizona's market to other states, it's clear that Arizona is not alone in facing challenges. For instance, Colorado and Nevada have also seen declines in year-over-year growth. However, states like New York and Ohio have exhibited substantial growth, driven by recent market expansions and regulatory changes. Here's how Arizona compares in terms of pricing and growth:

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Arizona Weed Prices

Flower (Gram)

$21.40

4.20%

Flower (Eighth)

$19.23

4.20%

Edible (10mg)

$10.14

4.20%

Concentrate (Gram)

$14.77

4.20%

Top Strain

Bananas

| State | Avg. Item Price (Nov 2024) | Total Sales (Nov 2024) | YoY Sales Growth | |-------|----------------------------|------------------------|------------------| | AZ | $18.71 | $88.1 million | -21.8% | | NY | $36.40 | $97.56 million | 416.2% | | OH | $34.76 | $79.81 million | 93.5% | | CO | $15.21 | $94.28 million | -1.6% | | NV | $21.63 | $54.71 million | -11.0% |

Data Snapshot Dec 03, 2024

Category Performance

Flower

33.96

-28.2

Vapor Pens

23.03

-12.7

Pre-Roll

14.7

-15.5

Edible

9.7

-20.0

Concentrates

5.3

-31.9

Beverage

0.86

-6.5

Topical

0.25

-34.2

Capsules

0.17

-19.0

Tincture & Sublingual

0.12

-33.3

The Flower category, traditionally a cornerstone of cannabis markets, has notably struggled in Arizona. In November 2024, Flower sales totaled approximately $33.96 million, with a year-over-year sales decline of 28.2% and a unit decline of 26.6%. The average price per item was $27.72, slightly down from the previous year. Segment analysis within the Flower category reveals significant disparities:

| Segment | Avg. Item Price (Nov 2024) | Total Sales (Nov 2024) | MoM Sales Growth | YoY Sales Growth | |---------------------|----------------------------|------------------------|------------------|------------------| | Hybrid | $27.02 | $24.25 million | 2.2% | -28.0% | | Indica | $28.75 | $3.57 million | -15.4% | -47.0% | | Sativa | $31.50 | $2.51 million | -0.5% | -15.4% | | Ground Flower | $22.90 | $744,360 | -16.0% | 117.4% | | Specialty / Infused | $28.47 | $1.05 million | -8.5% | 291.1% |

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Data Snapshot Dec 03, 2024

Top Cannabis Brands in Arizona

STIIIZY

Wyld

Jeeter

Select

Wana

Gron / Grön

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Market Trends

Product Category Market Share In Arizona

Monthly Cannabis Sales

Historical Cannabis Sales In Arizona

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