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Oregon Cannabis Sales
Aug, 2024
Overview
Oregon's cannabis market has demonstrated a steady growth trajectory, with a modest year-over-year sales increase of 1.5% as of August 2024, reaching a total of $83.02 million in sales. The average item price has slightly increased from $13.70 in July 2024 to $13.72 in August 2024. This stability in pricing, coupled with a consistent growth pattern, suggests a maturing market that maintains consumer interest and spending. The market's resilience is further underscored by a 0.9% month-over-month increase in total units sold, indicating sustained consumer demand.
Despite the overall market stability, individual categories exhibit varied performance dynamics. For instance, while some categories like Vapor Pens have seen significant growth, others like Flower have experienced declines. This mixed performance across different cannabis product categories highlights the diverse consumer preferences and market segments within Oregon.
Aug, 2024
Sales
Year Over Year
Growth
Market Comparison
When compared to other states, Oregon's cannabis market shows unique characteristics. For example, New York exhibited a dramatic year-over-year sales growth of 340.7%, a stark contrast to Oregon's modest 1.5%. Additionally, Oregon's average item price of $13.72 is significantly lower than New York's $36.81, making it one of the more affordable markets.
This comparative analysis highlights Oregon's position as a stable and affordable market within the broader national landscape. The state's consistent growth and pricing strategy may appeal to a wide range of consumers, contributing to its steady market performance.
For more detailed insights and a deeper dive into specific segments or further comparative analysis, consider exploring Headset Insights.
Oregon Weed Prices
Category Performance
Focusing on the Pre-Roll category, it stands out with a notable year-over-year growth of 8.0% in sales and an impressive 17.4% increase in units sold. The average item price decreased from $7.13 in July 2024 to $6.94 in August 2024, which may have contributed to the increased volume of units sold. This trend suggests that Pre-Rolls are becoming a more popular choice among consumers, possibly due to their convenience and affordability.
Further analysis into the segments within the Pre-Roll category could provide insights into consumer preferences for specific types of products, such as indica, sativa, or hybrids.
Top Cannabis Brands in Oregon
Product Category Market Share In Oregon
Historical Cannabis Sales In Oregon
Oregon Cannabis Reports
Understanding the recent sales declines in legacy cannabis markets
The Oregon market industry report
Oregon Cannabis News
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