• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Business Directory
    • Buyers | Licensees
    • Sellers | Ancillary Businesses
    • Submit Product & Service Press Release
  • CBE Exchange
  • CBE Jobs Exchange
  • Events
  • Featured Videos
  • Product & Service Press Releases
  • Sponsored Polls
  • Webinars
    • Upcoming Webinars
    • Archived Webinars
  • Whitepapers

Cannabis Business Executive - Cannabis and Marijuana industry news

Recreational, Medical, Marijuana, Cannabis, And Hemp News for Cannabis Businesses

  • Follow on Facebook
  • Follow on Twitter
  • Follow on Google+
  • Follow on LinkedIn
  • Subscribe to our RSS feed
Newsletter 2
  • Home
  • Policy & Legal
    • Hemp Business Executive
    • International
      • Canada
      • Mexico
      • Israel
    • US A to F
      • Alabama
      • Alaska
      • Arizona
      • Arkansas
      • California
      • Colorado
      • Connecticut
      • Delaware
      • District of Columbia
      • Florida
    • US G to M
      • Georgia
      • Hawaii
      • Illinois
      • Indiana
      • Idaho
      • Iowa
      • Kansas
      • Kentucky
      • Louisiana
      • Maine
      • Maryland
      • Massachusetts
    • US M to N
      • Michigan
      • Minnesota
      • Mississippi
      • Missouri
      • Montana
      • Nebraska
      • Nevada
      • New Hampshire
      • New Jersey
      • New Mexico
      • New York
      • North Carolina
      • North Dakota
    • US O to V
      • Ohio
      • Oklahoma
      • Oregon
      • Pennsylvania
      • Rhode Island
      • South Carolina
      • South Dakota
      • Tennessee
      • Texas
      • Utah
      • Vermont
    • US V to W
      • Virginia
      • Washington
      • Wisconsin
      • Wyoming
      • Guam
      • Puerto Rico
  • News & Insights
    • Advertising, Marketing, PR & Research
    • Banking, Finance & Real Estate
    • Compliance and Regulations
    • Corporate Social Responsibility
    • Retailers
    • Hemp Business Executive
    • HR and Staffing
    • North Of The Border
    • Industry People/On the Move
    • Packaging and Supplies
    • Press Releases
    • Processors
    • Producers
    • Security Solutions
    • Science and Technology
    • South Of The Border
  • CBE Lists
    • Ancillary Businesses
      • 2019 CBE Ancillary Business Survey CLICK HERE
      • 2018 CBE 155 A/B
      • 2017 CBE 150 A/B
      • 2016 CBE 100 A/B
    • Producers, Processors, Retailers
      • 2017 CBE 200 PPRs
      • 2015 CBE 100 PPRs
    • Industry Women
      • Glass Ceiling Wreckers: 2019 CBE Power Women of Cannabis
      • 2017 CBE 75 Most Important Women
      • 2016 CBE Top 50 Women
      • 2014 CBE Most Influential Women
    • Most Important Companies
      • 2016 CBE 10 Most Important Companies
      • 2014 CBE 10 Most Important Companies
    • Political 100
      • 2017 CBE Political 100
      • 2016 CBE 100 Political
      • 2014 CBE Political 50
    • 2014 CBE 100 Most Important People
    • CBE RFP Hotlists
      • 2014 CBE Lab Testing Services HotList
      • 2016 BHO Extraction Equipment
      • 2016 CBE Supercritical CO2 Extraction Equipment
      • 2016 CBE Security Solutions
      • 2016 Edibles & Infused Products
  • Company Stories
    • Up and Comers
  • Hemp Business Executive
    • Hemp Policy & Legal
    • Hemp Industry News
    • Hemp State Regulatory Agencies
  • Newsletters
    • CBE News & Insights (Formerly CBE Week)
    • CBE Human Capital Management
    • CBE Technology & Solutions
    • CBE Policy and Legal
    • CBE Product and Service Announcements
  • Op-Ed
    • Cartoons
    • The Buck Stops Here
    • Opinions
    • Comments
  • Associations
  • State Regulatory Agencies
    • Marijuana
    • Hemp
  • Contact
  • AB Survey
  • About Us
  • Account
  • Accounting Services
  • Advertise
  • Advertising, PR & Marketing
  • All Cannabis News
  • Ancillary Business Survey 2018
  • Ancillary Business Survey 2019
  • Archived Webinars
  • Associations & Organizations
  • Banking & Payment Processing
  • Better Start for the Glass Ceiling in this Industry, CBE’s Most Influential Women
  • Book Reviews
  • Business Directory
  • Business Directory Introduction
  • Business Directory Listing
  • Business Directory Manage
  • Business Directory Registration Info
  • Business Directory Welcome
  • Call for speakers
  • Cannabis Investments
  • Cart
  • CBE Exchange
  • CBE HotLists
    • CBE Lab Testing Services HotList 2014
  • CBE Lists
  • CBE Political 50
  • CBE Press LLC Privacy Statement
  • CBE Press News
  • Checkout
  • Consulting Services
  • Consumption Gear
  • Contact
  • Contribute
  • Contributors
  • Create Your Product & Service Press Release
  • Creative Submission
  • Cultivation Products & Services
  • Current Poll
  • Edible & Infused Products
  • Editor’s Page
  • Email Whitelisting Instructions
  • Event Listing Questionaire
  • Featured Videos
  • Funding Options
  • Hemp State Regulatory List
  • Home
  • Human Capital Management Newsletters
  • Industry Jobs
  • Join the CBE Business Directory
  • Join the Directory
  • Lab Testing Regulations
  • Lab Testing Services
  • Login
  • Logout
  • Marijuana State Regulatory Contacts
  • Marijuana Tax Facts
  • Media Kit
  • Media Kit
  • Medical Marijuana Qualifying Conditions
  • Members
  • MJ Media Kit
  • Most Popular Stories
  • Most Read Stories
  • New Product & Service Listings Welcome
  • Newsletters
    • Ask CBE
    • CBE Human Capital Management
    • CBE News & Insights (Formerly CBE Week)
    • CBE Policy and Legal
    • CBE Product and Service Announcements
    • CBE Technology & Solutions
  • On the Move
  • Organizations & Associations
  • Packaging & Supplies
  • Password Reset
  • Policy & Legal
  • PPR Survey
  • PR Newswire
  • Product Releases
  • Profile Update
  • Register
  • Security Solutions
  • Software & Technology
  • Sponsored Polls
  • State Cannabis Product Packaging Requirements
  • Terms of Service
  • Thank You
  • The Most Influential People in the Cannabis Industry, The Cannabis Business Executive 100
  • Training & Educational Services
  • Upcoming Webinars
  • User
  • Whitepapers
  • WV Senate passes medical marijuana bill to House
  • Categories
  • Locations
  • My Bookings
You are here: Home / News & Insights / Cannabis & Hemp Research / First Look at Cannabis Consumer Retail Trends in Nevada

First Look at Cannabis Consumer Retail Trends in Nevada

January 21, 2019 by Doug Brown Leave a Comment

You might think that what happens in Vegas dispensaries stays in Vegas dispensaries. And surely some pot-shop shenanigans never do leave the Silver State’s biggest city. But the volume of flower sales? Market share for vapes? What kind of edibles Nevadans consume? That data and much more now is no longer secret, as cannabis market research firm BDS Analytics this month launches its data platform detailing retail consumer trends across Nevada — everything from the average price paid for a pre-rolled joint to the popularity of tinctures.

Let’s take a look at how the gambling-grooving residents and tourists of the nation’s 36th state spend their money in Nevada’s 60 dispensaries. 

State residents endorsed legal adult-use sales during the 2016 election, and less than two months later, on Jan. 1, 2017, dispensaries began selling cannabis products to anybody 21 or older. In this report, we closely examine trends between July and October of 2018, comparing these four months to the same months during 2017. We also look at sales for all of last year through October, without comparing the data to 2017.

A breakdown of sales for 2018 through October.

First of all, the basics. For 2018 through October, people spent $476 million on cannabis products. How did they divide the cannabis pie? Thirty-nine percent of sales went towards flower, concentrates commanded 25 percent, and edibles hit 17 percent. Pre-rolls, which in other states tend to harness between 5 and 8 percent of sales, were much more popular in Nevada, where they capture 15 percent of cannabis sales. Nice work, blunts. 

Since Nevada is a mining state, let’s honor the legacy and do some deep digging.

Flower

Sales between July and October reached $76 million, which represents growth of 5.2 percent compared to the same period in 2017. The average retail price during the period in 2018 was $11.80, which is down about 10 percent from the same period during 2017. Flower remains pricey in Nevada — more expensive than in California, Colorado and Oregon. But as in the other states, the price trend leads down.

Disposablel vapes are popular in Nevada.

Concentrates

Consumers dropped $50.1 million on concentrates during the four-month period under review, which represents growth of 35 percent compared to the same period in 2017. And just as it is in all other states, vapes rule. In Nevada they own 78 percent of the concentrates market, compared to 6 percent for oils and 5 percent for shatter and wax respectively. Interestingly, disposable vapes in Nevada perform quite well, harnessing 25 percent of vape sales. Disposables in California, on the other hand, represent just 13 percent of vape sales, and that number is even lower in Colorado and Oregon. Disposable vapes are about as discrete as you can get — many are about the size of a cigarette. Could their popularity in Nevada be tied to the state’s heavy tourism, with so many consumers spending time in hotels? Quite possibly.

Tinctures are rising.

Edibles

Sales of $33 million during the four-month period mark healthy growth — 32 percent, compared to the same period in 2017. California’s edibles growth during the period was just 18 percent.

Candy is the market leader in Nevada, as in all states, with 49 percent of sales. The big mover within edibles in Nevada, though, is tinctures. Dollar sales expanded by 177 percent during the period, compared to 35 percent for candy and 5 percent for chocolates.

We will have much more to cover in this dynamic and fast-growing market in coming months and years. But for now, at least, it looks like a wide range of entrepreneurial gambles are paying off, from Las Vegas to Reno to more remote corners of the gigantic desert state.

Contextual Links

Filed Under: Cannabis & Hemp Research, Producers Tagged With: bds analytics, cannabis data, concentrates, Edibles, Flower, Nevada, vapes

About Doug Brown

Douglas Brown spent more than two decades in newspaper and magazine newsrooms around the country, covering everything from the White House and Capitol Hill to technology policy to crime in New Mexico. Now, he runs Contact High Communications, a leading cannabis public relations firm based in Boulder, CO. He can be reached at www.contacthighco.com

Primary Sidebar

Ad: Sidebar 1

Featured Video

Associations & Organizations

clearing div

Ad: Sidebar 2

Business Directory

Ad: Skyscraper 1

CBE Jobs Exchange


Featured Jobs
Go
Post a Job
More jobs
Powered by CBEJobsExchange.com

RSS Recent Jobs

  • Compliance Specialist (11645) - Southern Illinois University Edwardsville (SIUE) - Edwardsville, IL
  • Brand & Show Marketing Director - Marijuana Business Daily - Lakewood, CO
  • GC/MS Scientist - VRS Recruitment - , OR

Product & Service Press Releases

Ad: Sidebar 3

CBE Events

Ad: Sidebar 4

State Regulatory Agencies

Ad: Skyscraper 2

Webinars

Ad: Sidebar 5

Associations & Organizations

Ad: Sidebar 6

Featured Video

Ad: Skyscraper 3

Business Directory

Ad: Sidebar 7

CBE Jobs Exchange

Ad: Sidebar 8

CBE Events

Ad: Skyscraper 4

Footer

  • Home
  • About Us
  • Advertise
  • Contact
  • CBE Press LLC Privacy Statement
  • Contribute
  • Contributors
  • Newsletters
  • Terms of Service
  • Contributor Login
  • Follow on Facebook
  • Follow on Twitter
  • Follow on Google+
  • Follow on LinkedIn
  • Subscribe to our RSS feed
Newsletter 2

© Copyright 2020 CBE PRESS LLC. - All Rights Reserved. Cannabis Business Executive Is A Trademark Of CBE PRESS LLC. · All Rights Reserved · And Our Sitemap · All Logos & Trademarks Belong To Their Respective Owners·