Maryland Cannabis Sales

Sep, 2024
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Cannabis Market Data

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.

$94.89M

Sep, 2024

Sales

4.3 %

Year Over Year

Growth

Data Snapshot Oct 03, 2024

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

Product
Sep, 2024
YoY
Flower (Gram)
$16.58
Flower (Eighth)
$33.27
Edible (10mg)
$19.39
Concentrate (Gram)
$35.27
Top Strain
Cherry Limeade
| State | Avg. Item Price (Sep 2024) | YoY Sales Growth | Total Sales (Sep 2024) | |-------|----------------------------|------------------|------------------------| | [MD](https://www.headset.io/markets/maryland) | $28.34 | 4.3% | $94,894,925 | | [CA](https://www.headset.io/markets/california) | $19.47 | -7.7% | $334,221,665 | | [CO](https://www.headset.io/markets/colorado) | $15.61 | -7.4% | $104,767,908 |
Data Snapshot Oct 03, 2024

Category Performance

Category
Sep, 2024
YoY
$
45.47
M
-4.4
%
$
22.15
M
3.5
%
$
11.44
M
38.2
%
$
10.56
M
3.8
%
$
3.96
M
51.7
%
$
0.51
M
183.3
%
$
0.38
M
11.8
%
$
0.31
M
19.2
%

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.

| Segment | Avg. Item Price (Sep 2024) | Total Sales (Sep 2024) | Total Units (Sep 2024) | YoY Sales Growth | |------------------------|----------------------------|------------------------|------------------------|------------------| | Hybrid | $36.13 | $31,671,885 | 876,662 | 2.8% | | Ground Flower | $69.16 | $1,054,396 | 15,246 | 318.9% | | Indica | $38.47 | $5,816,788 | 151,197 | -15.3% | | Sativa | $37.35 | $2,117,009 | 56,687 | -43.4% | | Brand Name | Total Sales | Total Units | Avg. Item Price | [Brand Link](URL) | |-------------------------|-------------|-------------|-----------------|-------------------| | [SunMed](https://www.headset.io/brands/sunmed) | $3,861,952 | 90,184 | $42.82 | | [District Cannabis](https://www.headset.io/brands/district-cannabis) | $2,360,972 | 57,096 | $41.35 | | [Curio Wellness](https://www.headset.io/brands/curio-wellness) | $2,346,260 | 55,613 | $42.19 |
Data Snapshot Oct 03, 2024

Top Cannabis Brands in Maryland

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.
Report
September 22, 2021

A high-level overview of the Maryland cannabis market

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

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.
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.
User rating
MD
Emerging

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