Nevada Cannabis Sales

Apr, 2026

Cannabis Market Data

Overview

Nevada's cannabis market has experienced a period of contraction after several years of strong performance. In April 2026, total sales reached $51.6 million, down from $62.0 million in April 2025—a year-over-year decline of 16.4%. This downward trend has persisted for over a year, with monthly sales consistently trailing the previous year. Despite this, average item prices have only modestly decreased, from $21.32 in April 2025 to $20.12 in April 2026, suggesting that the market's contraction is driven more by declining demand than aggressive price competition.

While the overall market is shrinking, pricing remains relatively stable compared to other mature markets. The average item price in Nevada is still higher than in states like California ($17.91) and Michigan ($8.50), but lower than emerging markets such as New York ($29.22) and New Jersey ($30.39). This positions Nevada as a mid-tier market in terms of pricing, with a consumer base that is less price-sensitive than in the most competitive states.

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$51.59M

Apr, 2026

Sales

-16.3 %

Year Over Year

Growth

Data Snapshot May 03, 2026

Market Comparison

Nevada's April 2026 sales of $51.6 million place it in the middle tier among U.S. cannabis markets. States like California ($311.2M), Michigan ($252.8M), and New York ($145.8M) are significantly larger, while Nevada is closer in size to Oregon ($75.9M) and Arizona ($100.9M). However, Nevada's -16.4% year-over-year sales decline is among the steepest in the country, outpacing declines in mature markets like California (-7.1%) and Colorado (-6.2%).

Average item prices in Nevada ($20.12) are higher than in most mature markets, but lower than in newly legalized states. Unit sales growth in Nevada is also negative (-11.4% YoY), contrasting with positive unit growth in states like New York (+32.9%) and Ohio (+39.7%).

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Nevada Weed Prices

Flower (Gram)

$12.79

4.20%

Flower (Eighth)

$21.22

4.20%

Edible (100mg)

$14.52

4.20%

Concentrate (Gram)

$21.00

4.20%

Top Strain

Black Label

| State | Sales ($M) | Avg. Price | YoY Sales Growth | YoY Unit Growth | |------------|------------|------------|------------------|-----------------| | California | $311.2 | $17.91 | -7.1% | -1.9% | | Michigan | $252.8 | $8.50 | -6.5% | +3.4% | | New York | $145.8 | $29.22 | +15.8% | +32.9% | | Nevada | $51.6 | $20.12 | -16.4% | -11.4% | | Oregon | $75.9 | $11.41 | -3.7% | +2.5% | | Arizona | $100.9 | $16.83 | -6.8% | +0.6% | | New Jersey | $96.8 | $30.39 | +2.3% | +9.2% | | Illinois | $125.8 | $26.24 | -8.1% | -2.0% |

Data Snapshot May 03, 2026

Category Performance

Flower

21.29

-16.5

Vapor Pens

12.24

-21.1

Pre-Roll

8.64

-8.2

Edible

5.96

-12.9

Concentrates

2.04

-22.7

Beverage

0.76

-11.6

Capsules

0.25

-30.6

Topical

0.23

-30.3

Tincture & Sublingual

0.18

-14.3

Among all product categories, Pre-Rolls are showing a notably different trend from the overall market. While most categories saw double-digit sales declines year-over-year, Pre-Rolls only dropped 8.2% in sales and actually grew 1.2% in units sold. The average price per Pre-Roll has remained steady at $12.22, indicating that consumers are still willing to pay for convenience and variety.

Within Pre-Rolls, the Connoisseur/Infused segment is the clear growth driver. It posted a slight year-over-year sales increase (+0.3%) and a robust 9.0% growth in units sold, even as other segments like Hybrid and Indica Single Strain declined. This suggests a shift in consumer preference toward higher-end, value-added products.

| Segment | Avg. Price | Sales ($M) | Units Sold | |------------------------|------------|------------|------------| | Connoisseur / Infused | $17.93 | $4.93 | 275,052 | | Hybrid - Single Strain | $8.86 | $2.98 | 335,992 | | Indica - Single Strain | $7.54 | $0.42 | 55,059 | | Sativa - Single Strain | $7.66 | $0.29 | 37,646 | | Mixed Strain | $8.97 | $0.03 | 3,476 |

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Data Snapshot May 03, 2026

Top Cannabis Brands in Nevada

STIIIZY

Wyld

RYTHM

Select

Rove

Find.

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Market Trends

Product Category Market Share In Nevada

Monthly Cannabis Sales

Historical Cannabis Sales In Nevada

Nevada Cannabis Reports

Report

January 12, 2023

A deep dive of the Nevada cannabis market

This report is created in partnership with Dai Truong of Arlington Capital Advisors. Please read more about him and his work covering the cannabis space at the bottom of the report.

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