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Maryland

Maryland Cannabis Sales

Nov, 2024
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Cannabis Market Data

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.

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$91.67M

Nov, 2024

Sales

2.3 %

Year Over Year

Growth

Data Snapshot Dec 03, 2024

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.

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Maryland Weed Prices

Product
Nov, 2024
YoY
Flower (Gram)
$14.06
4.20%
Flower (Eighth)
$33.20
4.20%
Edible (10mg)
$17.16
4.20%
Concentrate (Gram)
$34.63
4.20%
Top Strain
Afternoon Delight #4
-
| State | Average Item Price (Nov 2024) | Total Sales (Nov 2024) | YoY Sales Growth | |-------|-------------------------------|------------------------|------------------| | [MD](https://www.headset.io/markets/maryland) | $28.40 | $91.68 million | 2.2% | | [NY](https://www.headset.io/markets/new-york) | $36.40 | $97.56 million | 416.2% | | [CA](https://www.headset.io/markets/california) | $19.24 | $346.41 million | -0.5% | | [CO](https://www.headset.io/markets/colorado) | $15.21 | $94.28 million | -1.6% | [Maryland](https://www.headset.io/markets/maryland)'s growth rate is modest compared to explosive growth in [New York](https://www.headset.io/markets/new-york), yet it maintains a healthier market size compared to similar states like [Colorado](https://www.headset.io/markets/colorado). This suggests that [Maryland](https://www.headset.io/markets/maryland)'s market, while not the fastest growing, is stable and potentially lucrative for sustained business operations. For further detailed analysis and insights, consider exploring Headset Insights.
Data Snapshot Dec 03, 2024

Category Performance

Category
Nov, 2024
YoY
Flower
$
43.89
M
-4.5
%
Vapor Pens
$
21.81
M
1.1
%
Edible
$
10.82
M
2.8
%
Pre-Roll
$
10.4
M
27.6
%
Concentrates
$
3.64
M
49.2
%
Beverage
$
0.41
M
86.4
%
Capsules
$
0.35
M
0.0
%
Topical
$
0.27
M
0.0
%
Tincture & Sublingual
$
0.08
M
-50.0
%

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:

| Segment | Average Item Price (Nov 2024) | Total Sales (Nov 2024) | MoM Sales Growth | YoY Sales Growth | |-----------------------|-------------------------------|------------------------|------------------|------------------| | Ground Flower | $60.43 | $1.28 million | -12.2% | 451.9% | | Hybrid | $36.55 | $28.13 million | -0.4% | -6.3% | | Indica | $40.79 | $6.31 million | 16.3% | 1.1% | | Sativa | $40.04 | $1.93 million | 9.2% | -38.8% | | Shake and Trim | $32.29 | $456,197 | -14.1% | 70.9% | The Ground Flower and Shake and Trim segments show remarkable year-over-year sales growth, indicating a growing consumer interest in these products. However, the Sativa segment has seen a significant decline, suggesting a shift in consumer preference or possible market saturation.
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Data Snapshot Dec 03, 2024

Top Cannabis Brands in Maryland

Wyld

Rythm

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&Shine

Wana

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Market Trends

Product Category Market Share In Maryland

Monthly Cannabis Sales

Historical Cannabis Sales In Maryland

Maryland Cannabis Reports

Report
September 18, 2023

A deep dive into the Maryland cannabis market

This report provides a detailed analysis of the Maryland cannabis market, examining sales growth, product categories, pricing, demographics, and more.
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Report
September 22, 2021

A high-level overview of the Maryland cannabis market

This report provides an overview of the Maryland medical cannabis market.
Read Report

Maryland Cannabis News

Blog
July 17, 2023

A look at Maryland’s first weeks of adult-use sales

Maryland is the latest cannabis market to open its doors to recreational consumers, and we're here to help you make sense of the med to rec transition. Check out our recap of this evolving landscape, as we examine its early stages of adult-use sales.
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Blog
April 21, 2023

A look at last year's 4/20

A recap of last year's 4/20 sales trends across US and Canada.
Read Blog Post
User rating
MD
Emerging

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