Alberta Cannabis Sales

Jan, 2024
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Cannabis Market Data

Overview

Alberta's cannabis market has demonstrated a resilient growth pattern, with a notable increase in sales volume. As of January 2024, the province reported total sales amounting to $76.87 million, a significant contribution to the national market. The average item price in Alberta has seen a slight decrease from $23.72 in January 2023 to $21.96 in January 2024, indicating a potential shift in consumer buying patterns or market competition. The total units sold in the same month reached over 3.5 million, reflecting a healthy consumer demand within the province.

Despite the modest dip in average pricing, Alberta's market size remains robust, with consumers continuing to engage with a variety of cannabis products. The price adjustment may be a strategic response to market dynamics or an indicator of increased efficiency in production and distribution. Either way, it suggests that the market is maturing, with businesses possibly benefiting from economies of scale and consumers enjoying more competitive pricing.

$76.86M

Jan, 2024

Sales

11.3 %

Year Over Year

Growth

Data Snapshot Feb 10, 2024

Market Comparison

When comparing Alberta to other Canadian markets, it's evident that Alberta holds a significant share. For instance, British Columbia reported total sales of $68.39 million in January 2024, while Ontario led with $154.89 million. Alberta's growth rates and pricing are competitive, with the province showing a strong performance in the edibles category, especially in gummies.

Alberta's average item price for cannabis products is slightly lower than that of Ontario, which stands at $22.40 in January 2024, and is comparable to British Columbia's $21.52. This pricing strategy may be a factor in Alberta's sustained market size and growth.

Average Item Prices
Product
Jan, 2024
YoY
Flower (Gram)
$9.47
Flower (Eighth)
$25.25
Edible (10mg)
$5.43
Concentrate (Gram)
$32.98
Top Strain
Sativa Only
| State | Total Sales (Million $) | Average Item Price ($) | Total Units | |-------|-------------------------|------------------------|-------------| | [AB](https://www.headset.io/markets/alberta) | 76.87 | 21.96 | 3,500,947 | | [BC](https://www.headset.io/markets/british-columbia) | 68.39 | 21.52 | 3,178,771 | | [ON](https://www.headset.io/markets/ontario) | 154.89 | 22.40 | 6,915,095 |
Data Snapshot Feb 10, 2024

Category Performance

Category
Jan, 2024
YoY
$
23.87
M
17.1
%
$
22.79
M
1.1
%
$
17.83
M
19.3
%
$
4.71
M
2.8
%
$
3.7
M
15.3
%
$
1.45
M
19.8
%
$
0.91
M
46.8
%
$
0.36
M
0.0
%

The edible category in Alberta, particularly the segment of gummies, presents an interesting case. While the average item price for edibles in general has decreased from $8.06 in January 2023 to $5.98 in January 2024, gummies have maintained a relatively stable price point around $6. The total sales for gummies in January 2024 reached approximately $3.85 million with over 645,000 units sold, making it a standout segment within the edibles category.

Top brands in the gummies segment include Spinach, Wana, and WYLD, with Spinach leading in total sales at $821,397 for the month. These brands have successfully navigated the competitive landscape, as evidenced by their sales figures and unit sales.

| Brand Name | Total Sales (Million $) | Total Units | Average Item Price ($) | |------------|-------------------------|-------------|------------------------| | Spinach | 0.82 | 116,582 | 7.05 | | Wana | 0.75 | 95,644 | 7.88 | | WYLD | 0.50 | 69,639 | 7.23 | | Monjour | 0.25 | 11,400 | 21.49 | | Shred | 0.19 | 37,261 | 4.99 |
Data Snapshot Feb 15, 2024

Top Cannabis Brands in Alberta

Market Trends

Product Category Market Share In Alberta

Monthly Cannabis Sales

Historical Cannabis Sales In Alberta

Alberta Cannabis Reports

Report
June 27, 2023

Canadian cannabis overview: a look at the last 5 years of recreational sales

This report provides insight into sales growth, pricing, brand development, and product innovation within Canada.
Report
February 9, 2021

Canada cannabis sales: A close look at recent trends

his report explores sales trends in Canada, specifically sales since November 2020.
Report
August 4, 2020

The current state of Canada’s Cannabis 2.0 products

Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business analytics software.

Alberta Cannabis News

Blog
April 21, 2023

A look at last year's 4/20

A recap of last year's 4/20 sales trends across US and Canada.
Blog
August 1, 2022

5 rising cannabis Beverage brands in the US & Canada

With so many new products entering the Beverages category, we compiled a list of a few rising stars that have been turning heads.
Blog
May 24, 2021

Top cannabis Beverage brands in Canada: Q1 2021

We take a look at the top five cannabis Beverage brands by total sales over Q1 in Canada.
User rating
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Canadian

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