Alberta Cannabis Sales
Sep, 2024
Overview
Alberta's cannabis market has shown a robust growth trajectory, particularly evident in the year-over-year sales growth of 27.6% and unit growth of 30.0% as of September 2024. Despite a slight month-over-month decline in sales and units by 4.1% and 4.8% respectively, the market size remains substantial with total sales reaching approximately $97.6 million in September 2024. The average item price has seen a minor increase from $21.67 in August 2024 to $21.85 in September 2024, suggesting a stable pricing environment amidst fluctuating sales volumes.
Sep, 2024
Sales
Year Over Year
Growth
Market Comparison
When compared to other major markets in Canada, Alberta's cannabis market is notably vibrant. For instance, British Columbia and Ontario saw declines in both month-over-month and year-over-year sales and unit metrics, with Ontario experiencing a significant -16.4% drop in year-over-year sales. In contrast, Alberta not only grew by 27.6% year-over-year in sales but also outpaced Saskatchewan's impressive 40.4% growth. The pricing in Alberta remains competitive, with an average item price closely aligned with other provinces, ensuring its position as a strong player in the national cannabis market.
Alberta Weed Prices
Category Performance
The Tincture & Sublingual category in Alberta has demonstrated exceptional growth, distinguishing itself from other categories. In September 2024, this category achieved an 87.0% increase in year-over-year sales and a 78.3% increase in units sold, with total sales amounting to approximately $33.7K. The segment of Tinctures, in particular, recorded an astronomical rise in sales by 849.2% month-over-month and 1245.3% year-over-year, totaling around $7.2K. The leading brand in this segment, Wildflower, contributed significantly with an average item price of $44.97.