British Columbia Cannabis Sales
Nov, 2024
Overview
British Columbia's cannabis market has shown a fluctuating trend over the past two years. In November 2024, the total sales reached approximately $57.07 million, marking a month-over-month decline of 2.6% and a significant year-over-year decrease of 15%. This downturn contrasts with the overall growth observed in some other provinces. The average item price in BC has slightly decreased from $21.78 in October 2024 to $21.72 in November 2024, suggesting a minor adjustment rather than a significant shift in pricing strategy.
Nov, 2024
Sales
Year Over Year
Growth
Market Comparison
Comparing BC to other major markets in Canada, such as Ontario (ON) and Alberta (AB), reveals some interesting insights. In November 2024, Ontario reported sales of approximately $169.90 million, significantly higher than BC's $57.07 million. Ontario's market also showed a smaller year-over-year sales decline of -2.4%, compared to BC's -15%. Alberta, with sales of $82.12 million and a year-over-year growth of 11.5%, contrasts sharply with BC's declining market.
British Columbia Weed Prices
Category Performance
The Pre-Roll category in BC has experienced notable dynamics. In November 2024, the total sales for Pre-Rolls were about $20.53 million, with an average item price of $19.15. Despite the sales volume, this category saw a month-over-month and year-over-year decline in both sales (-6.0%) and units sold (-6.0%). This trend indicates a cooling interest or possible saturation in the Pre-Roll market, contrasting with other categories that might be experiencing growth or less severe declines.