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Oregon Cannabis Sales
Oct, 2024
Overview
The cannabis market in Oregon has shown a dynamic pattern over the past two years. Total sales have fluctuated, with notable peaks and troughs corresponding to various external and internal factors. For instance, December 2023 saw a significant increase in sales, likely due to seasonal effects, while January 2024 experienced a sharp decline. The market has demonstrated resilience with a gradual recovery in sales figures, indicating a robust consumer base and ongoing demand. Pricing trends have been relatively stable, with minor fluctuations reflecting changes in consumer preferences and market supply dynamics.
The year-over-year growth rates provide a clearer picture of the market's trajectory. Despite some months showing negative growth, such as March and April 2024, the overall trend from November 2023 onwards indicates a recovery phase with positive growth in most months. This suggests that the market is adjusting to new norms and consumer behaviors, maintaining a steady growth path amidst evolving market conditions.
Oct, 2024
Sales
Year Over Year
Growth
Market Comparison
Comparing Oregon's cannabis market to other states, it's evident that Oregon maintains a competitive edge in terms of pricing and market size. For instance, the average item price for Flower in Oregon is lower than in many other states, making it a more attractive market for price-sensitive consumers. The growth rates, although showing some monthly declines, are generally in line with or better than those seen in other states.
To provide a comprehensive comparison, data from other key markets would be necessary. This would include sales figures, growth rates, and pricing information, which could be obtained through further detailed analysis using Headset Insights. This would allow for a more nuanced understanding of how Oregon stands in relation to its peers in the cannabis industry.
Category Performance
To delve deeper, let's focus on the 'Flower' category in Oregon, which often serves as a bellwether for broader market trends. The Flower category has shown a slight decline in average item price from $21.06 in October 2023 to $18.74 in October 2024, suggesting a possible increase in market competition or a shift in consumer preference towards more affordable options. Despite the drop in price, the total sales remained substantial at $27.37 million in October 2024, with a slight increase in month-over-month sales growth (0.1%) and a significant rise in unit sales (6.2%). This indicates a resilient demand for flower products, even with fluctuating prices.
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Product Category Market Share In Oregon
Historical Cannabis Sales In Oregon
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The Oregon market industry report
Oregon Cannabis News
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