Maryland Cannabis Sales
Nov, 2024
Overview
Maryland's cannabis market has shown a consistent growth pattern, with a notable increase in both sales and unit growth year over year. In November 2024, Maryland reported total cannabis sales of $91.68 million, a modest year-over-year growth of 2.2%, and a 14.0% increase in units sold compared to the previous year. The average item price in November 2024 stood at $28.40, slightly down from $28.53 in October 2024, indicating a stable pricing environment that might appeal to consistent consumers and attract new users.
Despite a stable overall growth, the market dynamics in Maryland show some fluctuations in specific categories. For instance, while some categories like Beverages and Pre-Rolls have seen significant increases in both sales and unit growth, others like Tinctures & Sublinguals have experienced sharp declines. This mixed performance across different cannabis product categories suggests a diverse consumer base with varying preferences and consumption patterns.
Nov, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Maryland's market to other states, it's evident that Maryland maintains higher average item prices, particularly when compared to states like Oregon and Washington, where the average prices are significantly lower ($12.88 and $12.21 respectively). This could be indicative of a premium market in Maryland or stricter market regulations that affect pricing.
Maryland Weed Prices
Category Performance
The Flower category in Maryland, with total sales amounting to $43.89 million in November 2024, demonstrates a complex landscape with varying trends across its segments. Here's a detailed look at the performance: