Nevada Cannabis Sales

Mar, 2026

Cannabis Market Data

Overview

Nevada’s cannabis market generated $53.3 million in sales in March 2026, with an average item price of $21.05. Over the past two years, the market has experienced notable volatility. After peaking above $68 million in mid-2024, monthly sales have steadily declined, with year-over-year sales in March 2026 down 17.1%. Despite this contraction, the most recent month showed a 10.7% increase over February 2026, hinting at possible stabilization or seasonal recovery. Pricing has also softened, with average item prices dropping from $21.62 in March 2025 to $21.05 in March 2026, reflecting increased competition and consumer price sensitivity.

Unit sales in March 2026 reached 2.53 million, up 12.5% month-over-month, but still down 14.9% year-over-year. This divergence between unit growth and dollar sales suggests ongoing price compression and a shift toward value-driven purchasing. Nevada’s market is characterized by a strong tourism influence, but recent trends indicate that local consumer behavior and pricing pressures are shaping the market’s trajectory.

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$53.25M

Mar, 2026

Sales

-17.1 %

Year Over Year

Growth

Data Snapshot Apr 03, 2026

Market Comparison

Nevada’s March 2026 sales of $53.3 million place it in the mid-tier among US adult-use markets. States like California ($306.4M), Michigan ($262.0M), and Massachusetts ($132.6M) are significantly larger. Nevada’s average item price of $21.05 is higher than most mature markets (e.g., Michigan at $9.10, Oregon at $12.19, Washington at $11.95), but lower than emerging or limited-license states like New York ($30.62) and New Jersey ($31.54).

Growth-wise, Nevada’s -17.1% year-over-year sales decline is among the steepest in the country, contrasting with growth in states like New York (+20.2%) and Ohio (+16.7%). Month-over-month, however, Nevada’s 10.7% gain is in line with national trends, suggesting some short-term momentum.

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Nevada Weed Prices

Flower (Gram)

$12.52

4.20%

Flower (Eighth)

$22.04

4.20%

Edible (100mg)

$15.55

4.20%

Concentrate (Gram)

$21.36

4.20%

Top Strain

Bananas

| State | Sales ($M) | Avg. Price | MoM Sales Growth | YoY Sales Growth | |------------|------------|------------|------------------|------------------| | [California](https://www.headset.io/markets/california) | $306.4 | $18.54 | 10.4% | -9.1% | | [Michigan](https://www.headset.io/markets/michigan) | $262.0 | $9.10 | 11.7% | -5.4% | | [Massachusetts](https://www.headset.io/markets/massachusetts) | $132.6 | $17.45 | 6.8% | -2.9% | | [Nevada](https://www.headset.io/markets/nevada) | $53.3 | $21.05 | 10.7% | -17.1% | | [New York](https://www.headset.io/markets/new-york) | $144.6 | $30.62 | 12.8% | +20.2% | | [Oregon](https://www.headset.io/markets/oregon) | $77.3 | $12.19 | 12.2% | -1.7% | | [Washington](https://www.headset.io/markets/washington) | $92.8 | $11.95 | 17.1% | -4.0% | | [Ohio](https://www.headset.io/markets/ohio) | $101.5 | $30.59 | 7.0% | +16.7% |

Data Snapshot Apr 03, 2026

Category Performance

Flower

22.02

-17.1

Vapor Pens

12.73

-22.1

Pre-Roll

8.63

-9.1

Edible

6.21

-13.5

Concentrates

2.19

-22.3

Beverage

0.8

-13.0

Capsules

0.26

-35.0

Topical

0.22

-31.2

Tincture & Sublingual

0.19

-17.4

While most categories in Nevada are experiencing year-over-year declines, the Pre-Roll category is showing resilience and unique growth dynamics. In March 2026, Pre-Rolls accounted for $8.63 million in sales, with a 15.9% month-over-month increase and a relatively modest 9.0% year-over-year decline—outperforming the overall market’s contraction.

Within Pre-Rolls, the Connoisseur/Infused segment dominates, generating nearly $4.84 million in sales and showing only a 0.8% year-over-year dip. Hybrid and Indica single-strain Pre-Rolls also contribute significantly, though both are down over 15% year-over-year. Notably, the Connoisseur/Infused segment’s average price remains high at $18.95, indicating strong demand for premium, value-added products even as the broader market faces price compression.

For a deeper dive into top-performing brands and further segment trends, Headset Insights can provide detailed brand-level analytics.

| Segment | Sales ($M) | Units Sold | Avg. Price | YoY Sales Growth | |--------------------------|------------|------------|------------|------------------| | Connoisseur / Infused | $4.84 | 255,374 | $18.95 | -0.8% | | Hybrid - Single Strain | $3.04 | 349,401 | $8.70 | -15.8% | | Indica - Single Strain | $0.46 | 58,582 | $7.79 | -17.1% | | Sativa - Single Strain | $0.25 | 30,053 | $8.38 | -25.1% | | Mixed Strain | $0.05 | 6,324 | $7.55 | -42.8% |

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Data Snapshot Apr 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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