MAPSW - Who Are New York's Cannabis Shoppers? Weedmaps Reveals Fresh Data Amid Legal Market Expansion | Benzinga
Weedmaps (NASDAQ:MAPS) (NASDAQ:MAPSW) has shared significant data on New York’s cannabis market for the first quarter of 2024. This data paints a vivid picture of who the cannabis shoppers in New York are and what they're purchasing, providing valuable insights into the market’s dynamics.
Cannabis Flower Dominates New York Market
According to Weedmaps, cannabis flower dominates New York’s market. In Q1 2024, New Yorkers ordered flowers 53% of the time, surpassing the national average of 48%. Edibles also saw higher demand, with New Yorkers ordering them 27% of the time compared to the national average of 18%. In contrast, vape pens were less popular, with only 15% of orders in New York versus the national average of 25%.
Age Demographics Show Distinct Preferences
Diving deeper, age demographics show distinct preferences. Consumers over 50 predominantly ordered edibles, accounting for 54% of their purchases in New York, compared to 45% nationwide. Conversely, consumers under 50 showed a stronger preference for vape pens, with 26% of orders in New ...