New Leaf Finance Whitepaper
  • Executive Summary
  • Introduction
    • History
    • A Better Approach
    • The Fund & the Ecosystem
    • Investment Thesis
  • Blockchain Technology & Tokenising RWAs
    • Tokenization
    • RWAs
    • Benefits of RWA Tokenization
  • DePIN & New Leaf
  • Tokenization of Cannabis Assets
    • Overview of the Cannabis Investment Market
    • Investing in Cannabis Assets
    • Tokenising Cannabis Assets
    • Structure and Diversification of a Fund
    • Investment Identification
  • Platform Architecture
  • Regulatory Compliance & Legal Considerations
  • Benefits of the New Leaf Fund
  • Potential Impact on the Cannabis Industry
  • Token Offering & Fundraising $NLF
    • NLF Token Distribution and Allocation
    • Fundraising Strategy & Objectives
    • Re-investment of Investment Returns
    • Revenue Sharing
    • $NLF Token Audit
  • NLF Platform Overview
  • JADE AI AGENT & TOKEN
    • Introducing JADE
    • Benefits of JADE
    • JADE Revenues
    • JADE Tokenomics
  • Roadmap & Timelines
    • Technology Roadmap
    • Operational Roadmap
  • Foundation Investments & Future Strategy
    • Foundational Advantage
  • AI Leveraged Global Distribution
  • Current Assets #1
  • Current Assets #2
  • Cannabis DePIN & Development Hub
  • Investment Committee
  • Newsletters & Notes
    • Medical Cannabis Pre-roll Market
    • Asset Portfolio & Tokenomics
    • Expansion Overview
    • Production Line Economics
  • Conclusion
    • Legals
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  1. Newsletters & Notes

Medical Cannabis Pre-roll Market

PreviousNewsletters & NotesNextAsset Portfolio & Tokenomics

Last updated 4 months ago

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The North American medical cannabis pre-roll market has experienced significant growth in recent years, driven by consumer preferences for convenience and ready-to-use products. Between January 2023 and June 2024, pre-roll sales in the United States surpassed $4.1 billion, with over 394 million units sold during this period.

This surge in sales is accompanied by a notable increase in market share. In January 2023, pre-rolls held a 13.2% share of the cannabis market, which expanded to 15.9% by June 2024. Concurrently, the average price per pre-roll decreased from $7.80 in January 2023 to $6.50 in June 2024, a reduction of approximately 16.7%.

A significant contributor to this growth is the rising popularity of infused pre-rolls, which combine cannabis flower with concentrates to enhance potency and flavor. From January 2023 to June 2024, the connoisseur/infused segment generated over $1.75 billion in sales, surpassing the $1.64 billion from hybrid single-strain pre-rolls.

These premium products command higher price points, with infused pre-rolls averaging $10.46 per unit, nearly double the $5.40 average for standard pre-rolls since 2019.

Demographic trends indicate that millennials, aged 28-43, are the primary consumers in this market, accounting for 45% of pre-roll purchases.

Additionally, multi-pack pre-rolls have gained popularity, growing from 27.7% of the market in 2018 to 47.62% in 2023, reflecting a 20% increase over five years.

Overall, the North American medical cannabis pre-roll market is characterized by robust growth, product innovation, and evolving consumer preferences, positioning it as a dynamic segment within the broader cannabis industry.