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Trending USA: Pre-Roll Market on a Roll, Driven by Youngsters' Desire for 'Convenience Consumption'

Trending USA: Pre-Roll Market on a Roll, Driven by Youngsters' Desire for 'Convenience Consumption'

Millennials, Gen Xers and GenZ's are driving the shift towards convenience and ready-to-use cannabis products. One of the fastest growing segments in the US market over the past year as been that of pre-rolled joints. These have evolved from a niche offering to a staple on retail shelves

TJ Branfalt, Ganjapreneur

25 November 2024 at 06:00:00

Between June 2023 and June 2024, pre-rolls experienced the biggest increase in sales revenue among all categories, jumping 11.89%, according to MJBiz Daily. It reports that pre-rolls accounted for more than US$4.1 billion in sales and sold over 394 million units during that time frame.

 

TJ Branfalt reports in Ganjapreneur that millennials account for the largest share of pre-roll purchases. They cornered  45% of the market from 2023 to mid-2024, according to a white paper from Custom Cones USA and cannabis intelligence firm Headset.


Pre-rolls represented the third most popular and fastest-growing category with $4.1 billion in sales from 2023 to the middle of this year, the report says. 


Youngsters Drive Convenience Consumption


Gen Xers were the second-largest cohort to buy pre-rolls (24%), followed by Gen Z (19%) and Boomers (13%). Ninety-four percent of the more than 900 cannabis consumers surveyed for the white paper indicated that joints were their preferred mode of consumption, followed by vape pens (67%), edibles (66%), and bowls (65%).

Most pre-roll smokers (80%) consumed cannabis multiple times daily, while 12% smoked once a day, and 5% a few times weekly.


The paper found that full-gram pre-rolls were the most popular (57%), followed by half-grams (28%), and three-quarter grams (9%).


Infused pre-rolls’ market share rose from 34.4% in 2019 to 44.4% in 2024, the report says, with kief the top concentrate preferred in infused pre-roll products (78%) followed by live resin (77%) and rosin (59%).


Forty-three percent of those surveyed buy both single-use and multi-pack pre-rolls, with 31% preferring multi-packs, while 59% of smokers buy pre-rolls with premium filter tips – 51.8% for special occasions – 21.4% weekly.

Glass-tipped pre-rolls are most popular (80%), followed by wood (70%); while nearly 55% have tried ceramic tips, the report says.


Pre-roll Prices Have Been Falling


According to the white paper, the average pre-roll price fell to $9.50 in September 2024, down from $10.67 in 2023, and $11.68 in 2022. Washington and Oregon have the lowest per-gram prices at $3.36 and $3.87, respectively, while New York ($13.74) and Illinois ($11.90) are the highest. 


The white paper found Jeeter leading the pre-roll market with 8.8% share, selling 18.6 million units or about $504 million in sales.

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