The past year has been a tumultuous time in the cannabis industry, with slowdowns in topline sales and uncertainty in the market.
Due to historically large increases in inflation, pricing has been a popular topic of conversation throughout the year. In the cannabis industry however, prices are moving in the opposite direction.
Prices in the US have been decreasing steadily, dropping -13% since November 2021. In Canada, the decrease in price has been less steady, but average item prices in November 2022 are 5% lower than in November 2021.
Most Canadian markets saw positive growth while Ontario, the largest province by population and total cannabis sales, was completely flat. In the US, a general trend emerged: younger markets tended to grow while older markets tended to see sales retractions.
Both Infused and Mixed Strain Pre-Rolls have performed incredibly well in both the US and Canada. In both countries, the Connoisseur/Infused segment is now the second largest within the Pre-Roll category, and appears to be on track to overtake Hybrid – Single Strain for the number one spot.
This report will examine the broad changes among the most key cannabis sales metrics that Headset tracks such as pricing trends, shifts in cannabis product categories, and demographic preferences.
Summary:
Intro: 00:00
Total Sales: 01:06
Monthly Sales: 05:52
YoY Growth: 9:24
Segment Growth: 11:04
Who’s Buying?: 15:37
Avg Spend: 17:44
Purchasing Changes: 20:06
Avg Price by Country: 21:13
SKU (Product) Count: 21:35
Brand Concentration: 25:39
Outro: 27:40
Show Notes:
Cannabis trends in 2022: A year in review
https://www.headset.io/industry-reports/cannabis-trends-in-2022-a-year-in-review
Cannabis Market Overview
https://www.headset.io/cannabis-market-overview/december-2022
Guest:
Jesse Redmond, Managing Partner at Higher Calling, LLC
https://www.linkedin.com/in/jesseredmond/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 1,100 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Seeking Alpha discount code to “Invest in your financial future today”:
https://www.sahg6dtr.com/MBJNT5/GTSC3/
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: LuxrayBeats
Keywords:
Cannabis News, Cannabis Business, Cannabis Pitch Deck, Investment Deck, Cannabis Data, Cannabis Banking, Cannabis Investment, Cannabis Stocks, Cannabis Analytics, Sales Data
This is only entertainment. This is NOT financial advice.
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