While not as dominant as Flower, the Concentrate category is an important category in both the US and Canada, with some differences in these two markets.
Live Resin is the top Concentrate segment in the US with 33% of sales within the category. In Canada on the other hand, Hash is the best selling segment with 26% market share.
Package size preferences differ in the two countries as well. In the US, 96% of units sold are the 1 gram package size, compared to 71% in Canada.
Headset’s report compares the market share of different cannabis categories from January to June 2021. When we focus on Concentrates, we see that the US has a substantially greater taste for Concentrates in comparison to Canada, with 6.6% greater market share this year.
Flower continues to dominate the market with Concentrates coming in at 5th place, trailing Edibles by only 0.4%. Since Cannabis 2.0 rolled out in Canada, Flower’s market share has fallen significantly and now sits at 51.5% with the rise of Vapor Pens, Edibles, and of course Concentrates gaining traction in the market.
Show Notes:
Cannabis Concentrates: A look at category data & performance
https://www.headset.io/industry-reports/cannabis-concentrates-a-look-at-category-data-performance
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 797 The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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