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Maryland Cannabis Sales
Jun, 2024
Overview
The Maryland cannabis market has demonstrated significant growth and dynamic pricing trends over the past two years. As of January 2024, the market size reached approximately $88.71 million in monthly sales, reflecting a substantial year-over-year growth of 123.8% from January 2023. This growth trajectory is indicative of a robust and expanding market, driven by increasing consumer demand and the continuous introduction of new products. Pricing fluctuations have been observed, with a notable increase in total sales despite occasional monthly declines, suggesting a market that is responsive to both consumer preferences and regulatory changes.
Jun, 2024
Sales
Year Over Year
Growth
Market Comparison
Maryland's cannabis market is notably vibrant compared to other states. With a year-over-year sales growth of 100.7% and a unit growth of 98.6%, Maryland stands out particularly in the context of its average item price stability around $29.63, which is higher than many other states. For instance, states like Michigan and Oregon, with lower average prices at $11.18 and $14.08 respectively, show different market dynamics with Michigan experiencing a modest sales growth of 5.4% and Oregon a slight increase of 1.7%. New York, on the other hand, shows an extraordinary sales and unit growth, but from a much smaller base, indicating a rapidly expanding but newer market. This comparative analysis underscores Maryland's unique position as a mature and steadily growing market within the USA cannabis landscape.
Category Performance
For a detailed look into the Maryland market, the Flower category offers intriguing insights. This category, unlike others, shows a unique trend of resilience and popularity among consumers. To further analyze, I will gather segment and brand information within this category.
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