Nevada Cannabis Sales

Dec, 2024

Cannabis Market Data

Overview

The cannabis market in Nevada has shown a distinct trend in the recent data, with a noticeable decline in both sales and unit growth. In December 2024, the average item price in Nevada was $21.69, slightly higher than the previous month, yet the total sales amounted to approximately $53.13 million, marking a month-over-month sales growth decline of -2.9% and a year-over-year sales decline of -15.6%. This indicates a contraction in the market, which could be attributed to various factors including market saturation, regulatory changes, or shifts in consumer behavior.

Get More Data

$53.13M

Dec, 2024

Sales

-15.6 %

Year Over Year

Growth

Data Snapshot Jan 03, 2025

Market Comparison

Comparing Nevada to other major markets like California and Colorado, we observe some interesting trends. California, with total sales of approximately $333.03 million, and Colorado, with sales around $92.68 million, both show a less severe year-over-year decline in sales compared to Nevada. The average item price in these states is also lower, making cannabis products more accessible to a broader range of consumers. This pricing strategy might be contributing to their relatively better performance despite the overall market downturn.

Get More Data

Nevada Weed Prices

Flower (Gram)

$12.39

4.20%

Flower (Eighth)

$24.37

4.20%

Edible (10mg)

$17.09

4.20%

Concentrate (Gram)

$23.39

4.20%

Top Strain

Runtz

| State | Total Sales (Dec 2024, in millions) | MoM Sales Growth | YoY Sales Growth | Avg. Item Price (Dec 2024) | |-------|------------------------------------|------------------|------------------|----------------------------| | [NV](https://www.headset.io/markets/nevada) | $53.13 | -2.9% | -15.6% | $21.69 | | [CA](https://www.headset.io/markets/california) | $333.03 | -3.4% | -10.9% | $18.86 | | [CO](https://www.headset.io/markets/colorado) | $92.68 | -0.5% | -8.3% | $14.90 |

Data Snapshot Jan 03, 2025

Category Performance

Flower

21.58

-16.9

Vapor Pens

13.8

-13.4

Pre-Roll

7.62

-14.2

Edible

6.02

-16.2

Concentrates

2.59

-16.5

Beverage

0.73

-8.8

Capsules

0.31

-20.5

Topical

0.27

-25.0

Tincture & Sublingual

0.21

-38.2

To delve deeper, let's examine the Flower category in Nevada. This category often serves as a good indicator of overall market health due to its popularity. In December 2024, the average item price for Flower was $30.23, with total sales reaching approximately $21.58 million. However, this category also experienced a decline, with a -4.8% month-over-month sales growth and a -16.9% year-over-year sales growth. The unit sales also decreased by -5.3% month-over-month and -17.1% year-over-year. This trend suggests a significant downturn in one of the most popular cannabis categories, which could be reflective of broader market challenges.

### Segment Analysis within Flower Category The Flower category in [Nevada](https://www.headset.io/markets/nevada) shows varied performance across different segments. Notably, the Hybrid segment, which includes both regular and popcorn varieties, has seen a decline in sales and unit growth, with regular Hybrid sales decreasing by -12.5% year-over-year. In contrast, the Ground Flower segment, despite a significant month-over-month sales drop, has shown a year-over-year increase in sales by 13.3% and units by 61.8%. This suggests a growing consumer interest in more processed forms of cannabis, possibly due to ease of use or changing consumer preferences.

Get More Data

Data Snapshot Jan 03, 2025

Top Cannabis Brands in Nevada

STIIIZY

Wyld

Rythm

Select

Camino

Rove

Explore All Brands

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.

Read Report