With its booming tourism industry and reputation as a destination for adults looking to cut loose, Nevada’s legalization of adult-use cannabis in 2016 signaled the start of a promising new market. While the Nevada cannabis industry was dealt a rough hand by the pandemic and the resulting dive in visitors to the state, the market has since recovered to pre-pandemic sales levels. As summer kicks into full swing, we thought it would be the perfect time to give a quick rundown on brands to watch in the Nevada cannabis market.
A homegrown Nevada brand, Cannavative has developed widespread distribution in the Nevada market, with products available throughout the Las Vegas area, as well as in Reno and Carson City. Cannavative offers a broad range of products, including flower, pre-rolls, concentrates, and certain edibles. With ~$5 million in sales for January-April 2022, Cannavative was a top-five ranked brand in Nevada by dollar sales.
Another Nevada-based brand, City Trees has been able to leverage their success in the Silver State to expand to the young New Mexico market. Offering a diverse portfolio of vapes, dabbables, and tinctures, City Trees brought in a total of ~$4 million in sales for January-April 2022, making them a top-ten brand by overall dollar sales in the Nevada market.
Born in the highly competitive California market, vape-focused STIIIZY has since expanded to Nevada and Washington, with plans to launch in the Michigan market. One of the leading brands under parent company Shryne Group, STIIIZY has seen success in the Nevada market, with BDSA Retail Sales Tracking showing that they brought in ~$6 million in concentrate sales for the first four months of 2022, making them the number one concentrate brand by dollar sales in the state.
A brand with roots in the medical-only era of Nevada’s industry, Kynd has leveraged its brand recognition and reputation to stay at the top of the brand rankings. With ~$10 million in sales for January-April 2022, Kynd is the number one ranked brand by dollar sales in the Nevada market per BDSA Retail Sales Tracking.
Alternative Medicine Association
Priding themselves as the first licensed cultivator to sell cannabis in Southern Nevada, Alternative Medicine Association has been able to stay at the top of the game with product lines of premium flower and concentrates. Bringing in ~$4 million in Nevada sales for January-April 2022, AMA was a top ten ranked brand by dollar sales in the market.