In November, Nevada sold 66 million dollars worth of cannabis products. Flower is the dominant category with sales of about 26 million dollars. The Vape category takes the number two spot bringing in just over 17 million dollars. Let’s dive deeper into those Vape sales.
Hoodie Analytics allows you to create dynamic territories to isolate specifically to the stores and data you want to see. Here is the Greater Las Vegas Area:
The retailers represented on this map sold a total of about 12 million dollars of vapes during November. Let’s examine the top ten vape brands that make up those sales:
When we look at the entire state of Nevada, what is the most popular type of vape concentrate sold? Distillate is still king in the Silver State with a 71% market share, whereas Live Resin represents about 26% of the vapes sold. Rosin makes up about 3% of vapes sold.
There is an ongoing nation-wide battle for market dominance within the Vape category between cartridges, disposables, and proprietary options. Vape Carts represent 50.6% of sales, whereas Disposables represent 32.4% of sales. Proprietary options (vape carts that only work with a brand specific device) currently represent 17% of sales.
Diving deeper specifically into just Vape Carts, the half gram size option is the current top consumer choice with a 29% market share. This is different from most markets, where the full gram carts are dominant. The average half gram vape cart in Nevada for October is $31.53 before taxes. Here is a breakdown of what a half gram vape cart costs around the state:
Hoodie Analytics connects the cannabis industry and consumers with the most useful cannabis information to make better decisions. With over 10,000 dispensaries tracked daily in the USA and Canada, Hoodie’s data is unparalleled in its granularity and coverage. Hoodie Analytics’ easy-to-use applications and customized consulting solutions allow dispensaries, brands, consumers, and ancillary services to make better decisions through the use of data.
To learn more about Hoodie Analytics here is their website. If you would prefer to jump on a call and run through some data live CLICK HERE to schedule a demo.
Check out more of Hoodie Analytics State Spotlights here at Beard Bros below.
Hoodie’s State Spotlight: Arizona
Hoodie’s State Spotlight: New Jersey
