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Maryland Cannabis Sales
Sep, 2024
Overview
Maryland's cannabis market has demonstrated a robust growth pattern, particularly in the context of year-over-year (YoY) sales and unit growth. In September 2024, Maryland reported a YoY sales growth of 4.3% and an impressive YoY unit growth of 20.7%. Despite a slight month-over-month (MoM) decline in both sales (-5.7%) and units (-4.4%), the market's resilience is evident in its ability to maintain a higher average item price at $28.34, compared to many other states. This suggests a stable consumer base willing to purchase at premium price points.
The state's market dynamics are influenced by its pricing strategy. With one of the higher average item prices across the states, Maryland's market caters to a potentially more premium segment. This pricing strategy might be contributing to the sustained growth in unit sales, indicating a strong consumer demand and acceptance of the price levels.
Sep, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Maryland to other states, it's evident that Maryland's market is relatively strong in terms of pricing and growth. For instance, Maryland's average item price of $28.34 is significantly higher than states like Oregon ($13.57) and Washington ($12.27), which suggests a market that can sustain higher price points due to consumer preferences or product quality.
Maryland Weed Prices
Category Performance
For a deeper dive, the Flower category in Maryland offers interesting insights. To understand the segment dynamics and brand performance within this category, further data on segment sales and top brands is necessary.
Product Category Market Share In Maryland
Historical Cannabis Sales In Maryland
Maryland Cannabis Reports
A deep dive into the Maryland cannabis market
A high-level overview of the Maryland cannabis market
Maryland Cannabis News
A look at Maryland’s first weeks of adult-use sales
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A look at last year's 4/20
Get More Maryland Cannabis Market Data