Alberta Cannabis Sales

Jun, 2024

Cannabis Market Data

Overview

Alberta's cannabis market has shown a consistent growth pattern, particularly in the recent year. As of June 2024, the total sales reached approximately $79 million, marking a 5.1% year-over-year growth. This growth is complemented by a significant 13.3% increase in total units sold, indicating a robust expansion in consumer demand. The average item price in June 2024 was $21.76, slightly down from May 2024's $21.93, suggesting a slight adjustment in market pricing which could be attributed to increased competition or changes in consumer preferences.

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$78.97M

Jun, 2024

Sales

5.1 %

Year Over Year

Growth

Data Snapshot Jul 03, 2024

Market Comparison

Comparing Alberta with other major markets like British Columbia (BC) and Ontario (ON), Alberta stands out with its higher growth rates. For instance, Ontario experienced a decline in both sales and units sold, with a -8.1% year-over-year sales growth. BC, while smaller in total sales than Alberta at $69 million, showed a lower growth rate of 4.4%. The pricing across these provinces remains competitive, with Alberta maintaining a slightly higher average price point.

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Alberta Weed Prices

Flower (Gram)

$8.96

4.20%

Flower (Eighth)

$24.13

4.20%

Edible (10mg)

$5.16

4.20%

Concentrate (Gram)

$33.24

4.20%

Top Strain

Sativa Only

| State | Total Sales (June 2024) | Month-over-Month Sales Growth | Year-over-Year Sales Growth | |-------|-------------------------|-------------------------------|-----------------------------| | [AB](https://www.headset.io/markets/alberta) | $79 million | 0.6% | 5.1% | | [BC](https://www.headset.io/markets/british-columbia) | $69 million | 0.8% | 4.4% | | [ON](https://www.headset.io/markets/ontario) | $164 million | -2.0% | -8.1% |

Data Snapshot Jul 03, 2024

Category Performance

Pre-Roll

27.55

6.4

Flower

21.72

-2.4

Vapor Pens

17.26

10.2

Edible

4.57

-2.8

Concentrates

3.44

16.2

Beverage

1.56

5.4

Capsules

0.89

39.1

Topical

0.42

10.5

Tincture & Sublingual

0.02

-33.3

The Capsules category in Alberta presents an interesting case. While the overall market has seen a general growth, the Capsules category experienced a notable year-over-year sales growth of 38.7% and a 13.2% increase in units sold. The average price of a capsule in June 2024 was $26.06, a decrease from May's $27.12, yet significantly higher than other categories, reflecting its premium positioning. The segment performance within Capsules shows a mixed trend:

| Segment | Average Item Price (June 2024) | Total Sales (June 2024) | Month-over-Month Sales Growth | Year-over-Year Sales Growth | |---------------|--------------------------------|-------------------------|-------------------------------|-----------------------------| | Hybrid | $24.98 | $441,428 | 9.2% | 117.5% | | Indica | $33.00 | $151,154 | -5.8% | 30.8% | | CBD / CBN | $25.06 | $293,475 | -10.3% | -4.3% | | Sativa | $20.33 | $3,488 | -31.9% | -75.0% | | Suppository | $25.00 | $495 | N/A | -79.7% |

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Data Snapshot Jul 26, 2024

Top Cannabis Brands in Alberta

Wyld

General Admission

Spinach

Back Forty / Back 40 Cannabis

Wana

Shred

Explore All Brands

Market Trends

Product Category Market Share In Alberta

Monthly Cannabis Sales

Historical Cannabis Sales In Alberta

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