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Alberta Cannabis Sales
Mar, 2024
Overview
The Alberta cannabis market has demonstrated a consistent growth trajectory, with total sales reaching $76.8 million in March 2024, marking a month-over-month growth of 8.7% and a year-over-year increase of 6.2%. The average item price has seen a slight decrease from $23.85 in March 2023 to $21.51 in March 2024, indicating a potential shift in consumer buying patterns or market adjustments. The total units sold in March 2024 amounted to over 3.57 million, with a substantial year-over-year unit growth of 17.7%, suggesting a growing consumer base and increased product accessibility.
Despite a dip in average item prices, the Alberta market has maintained a positive sales momentum, with the most recent month showing robust growth rates. This could be attributed to a variety of factors, including product diversification, competitive pricing strategies, and the maturation of the market as consumers become more knowledgeable and discerning about their purchases.
Mar, 2024
Sales
Year Over Year
Growth
Market Comparison
Comparing Alberta to other provinces, it is evident that Alberta's market size is substantial, with sales figures surpassing those of British Columbia (BC) but trailing behind Ontario (ON). Alberta's month-over-month sales growth rate of 8.7% is closely aligned with that of BC (8.4%) and ON (9.2%), indicating a general upward trend across these markets. However, Alberta's year-over-year sales growth of 6.2% contrasts with BC's decline of 4.2% and is less than ON's modest growth of 1.5%.
Alberta's average item price is slightly lower than that of ON, yet higher than BC's, which may influence consumer behavior and market dynamics. The data suggests that Alberta's cannabis market is healthy and competitive, with opportunities for growth and expansion.
For a more comprehensive analysis or to explore further insights, consider leveraging Headset Insights for an in-depth look into market trends, consumer preferences, and emerging opportunities within the cannabis industry.
Alberta Weed Prices
Category Performance
The Edible category in Alberta presents an interesting case, with a year-over-year sales decline of 1.5% but a significant increase in total units sold by 40.6%. This indicates a growing popularity of edibles, despite a drop in revenue, which could be due to a decrease in average item prices from $8.43 in March 2023 to $5.91 in March 2024. A closer look at the segment level reveals that Gummies have experienced a remarkable surge, with a 23.9% increase in sales and a 65.5% jump in units sold year-over-year.
Among the top brands in the Gummies segment, Spinach leads with total sales of $961,435 and 167,823 units sold at an average price of $5.73. Wyld and Gron / Grön follow, with significant sales and unit numbers, highlighting the competitive landscape within this segment.
Top Cannabis Brands in Alberta
Product Category Market Share In Alberta
Historical Cannabis Sales In Alberta
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