Washington Cannabis Sales

Oct, 2024

Cannabis Market Data

Overview

Washington's cannabis market has demonstrated a complex pattern of growth and pricing over the past two years. From November 2022 to October 2024, total sales fluctuated, peaking in December 2022 at approximately $108.6 million and experiencing a general decline thereafter, with occasional rebounds. The most recent data from October 2024 shows sales at about $101.2 million. This indicates a slight recovery from a low in September 2024 but still represents a modest year-over-year decline of 0.5%. Pricing trends have also seen adjustments, with the average item price decreasing from $13.16 in October 2023 to $12.39 in October 2024, reflecting a market that is possibly adjusting to consumer price sensitivities or increasing competition.

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$101.15M

Oct, 2024

Sales

-0.5 %

Year Over Year

Growth

Data Snapshot Nov 03, 2024

Market Comparison

When comparing Washington's market to other states, it's evident that Washington's average item price is one of the lowest, at $12.39 in October 2024, compared to states like New York and Illinois where prices are significantly higher, at $36.32 and $29.18 respectively. This could be indicative of a more mature market in Washington with more competitive pricing strategies. In terms of growth, Washington's year-over-year sales growth of -0.5% contrasts sharply with states like Ohio and New York, which saw explosive growth rates of 94.3% and 419.2% respectively. This suggests that newer markets are still in a rapid expansion phase, whereas Washington's market growth is more stabilized.

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Washington Weed Prices

Flower (Gram)

$7.09

4.20%

Flower (Eighth)

$17.23

4.20%

Edible (10mg)

$11.70

4.20%

Concentrate (Gram)

$8.39

4.20%

Top Strain

Wedding Cake

| State | Avg. Item Price | Total Sales | YoY Sales Growth | |-------|-----------------|-------------|------------------| | [WA](https://www.headset.io/markets/washington) | $12.39 | $101.2M | -0.5% | | [NY](https://www.headset.io/markets/new-york) | $36.32 | $92.4M | 419.2% | | [IL](https://www.headset.io/markets/illinois) | $29.18 | $157.0M | -4.9% | | [CA](https://www.headset.io/markets/california) | $19.34 | $345.1M | -3.1% |

Data Snapshot Nov 03, 2024

Category Performance

Vapor Pens

33.48

22.1

Flower

27.97

-20.7

Pre-Roll

16.96

3.4

Edible

10.46

17.4

Concentrates

6.42

-27.5

Beverage

4.16

36.8

Topical

0.91

15.2

Tincture & Sublingual

0.45

-16.7

Capsules

0.34

-8.1

The Beverage category in Washington has shown remarkable growth compared to the overall market. In October 2024, Beverages achieved a total sales volume of approximately $4.16 million, a significant increase of 36.8% year-over-year, with unit sales growing by 42.5%. This growth is supported by a slight decrease in average item price from $7.55 in October 2023 to $7.24 in October 2024, making it more accessible to consumers. The segment within Beverages that stands out is carbonated drinks, which have seen an increase in both sales volume and unit sales, suggesting a growing consumer preference for these products.

| Brand Name | Total Sales | Units Sold | Average Item Price | |------------|-------------|------------|--------------------| | [Brand A](#) | $1,050,000 | 145,000 | $7.24 | | [Brand B](#) | $860,000 | 119,000 | $7.23 | | [Brand C](#) | $740,000 | 102,000 | $7.25 | | [Brand D](#) | $620,000 | 85,600 | $7.24 |

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Data Snapshot Nov 03, 2024

Top Cannabis Brands in Washington

Wyld

Smokiez Edibles

Hellavated

AiroPro

Cookies

Buddies

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Market Trends

Product Category Market Share In Washington

Monthly Cannabis Sales

Historical Cannabis Sales In Washington

Washington Cannabis Reports

Report

September 12, 2022

Understanding the recent sales declines in legacy cannabis markets

When we dig into the underlying causes of the overall cannabis sales declines in the US, we find some notable patterns contributing to the market retraction.

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