Cannabis Sales Data & Trends 2022 Recap

<p>Cannabis Sales Data & Trends 2022 Recap</p><p> </p><p>The past year has been a tumultuous time in the cannabis industry, with slowdowns in topline sales and uncertainty in the market.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>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.</p><p> </p><p>Episode 1,100 of The #TalkingHedge with Jesse Redmond, Managing Partner at Higher Calling, LLC...</p><p>https://youtu.be/6qTk-mImVkY</p><p> </p>