Nevada Cannabis Sales

Feb, 2025

Cannabis Market Data

Overview

The Nevada cannabis market is currently experiencing a nuanced landscape of growth and pricing dynamics. In February 2025, the average item price in Nevada was $21.90, showing a slight decrease from the previous month's $22.11. This pricing trend is indicative of a competitive market environment where consumer preferences might be shifting towards more affordable options or different product types. Total sales for the same month amounted to approximately $49.22 million, with a month-over-month sales growth of -5.2% and a year-over-year decline of -14.3%. These figures suggest a contraction in market size compared to the previous year, possibly due to external economic factors or changes in consumer behavior.

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$49.21M

Feb, 2025

Sales

-14.3 %

Year Over Year

Growth

Data Snapshot Mar 03, 2025

Market Comparison

Comparing Nevada to other major markets such as California and Colorado, we observe distinct differences in market dynamics. California, with total sales of $303.78 million, and Colorado, with $87.79 million, both exceed Nevada's sales figures significantly. However, Nevada's average item price of $21.90 is more competitive compared to California's $19.07 and Colorado's $14.25. Both larger markets also experienced declines in month-over-month and year-over-year growth, indicating a broader trend of market contraction across the board.

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Nevada Weed Prices

Flower (Gram)

$15.73

4.20%

Flower (Eighth)

$23.71

4.20%

Edible (10mg)

$18.93

4.20%

Concentrate (Gram)

$23.34

4.20%

Top Strain

Cap Junky

| State | Avg. Item Price (Feb 2025) | Total Sales (Feb 2025) | MoM Sales Growth | YoY Sales Growth | |-------|----------------------------|-----------------------|------------------|------------------| | NV | $21.90 | $49.22M | -5.2% | -14.3% | | CA | $19.07 | $303.78M | -6.8% | -10.8% | | CO | $14.25 | $87.79M | -7.3% | -12.7% |

Data Snapshot Mar 03, 2025

Category Performance

Flower

20.36

-13.4

Vapor Pens

12.6

-13.8

Pre-Roll

7.04

-14.8

Edible

5.55

-16.4

Concentrates

2.26

-18.4

Beverage

0.65

-9.7

Capsules

0.31

-8.8

Topical

0.25

-19.4

Tincture & Sublingual

0.19

-29.6

To delve deeper, let's examine the 'Flower' category in Nevada, which often serves as a bellwether for broader market trends. The Flower category in February 2025 saw total sales of approximately $20.36 million with an average item price of $30.85, a slight decrease from January's $31.97. This category experienced a month-over-month sales decline of -4.8% and a significant year-over-year sales drop of -13.4%. Within the Flower category, segments such as 'Hybrid' and 'Indica' remain popular, though they too have seen declines in sales and unit growth. Notably, the 'CBD' and 'Ground Flower' segments showed remarkable year-over-year growth, suggesting a shift in consumer interest towards these specific types.

| Segment | Avg. Item Price (Feb 2025) | Total Sales (Feb 2025) | MoM Sales Growth | YoY Sales Growth | |--------------------|----------------------------|-----------------------|------------------|------------------| | CBD | $27.66 | $8,067 | -22.2% | 146.8% | | Ground Flower | $32.68 | $298,053 | -5.8% | 39.6% | | Hybrid | $31.04 | $14,971,501 | -4.3% | -8.9% | | Indica | $27.64 | $2,589,367 | -7.9% | 1.6% |

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Data Snapshot Mar 03, 2025

Top Cannabis Brands in Nevada

STIIIZY

Wyld

Rythm

Select

&Shine

Rove

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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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