Ontario Cannabis Sales

Apr, 2024
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Cannabis Market Data

Overview

The cannabis market in Ontario has demonstrated resilience with a slight year-over-year sales growth of 3.6% as of April 2024. Despite a month-over-month sales decline of 1.5%, the total sales reached $158.9 million with over 7.2 million units sold. The average item price has seen a marginal decrease from $22.76 in April 2023 to $21.80 in April 2024, indicating a competitive pricing environment that may benefit consumers.

Ontario's market is characterized by a diverse range of product categories. While some categories like Flower experienced a decline in both sales and units sold, others such as Capsules and Pre-Rolls saw significant year-over-year growth. This suggests a shifting consumer preference and an opportunity for brands to capitalize on emerging trends.

$158.71M

Apr, 2024

Sales

-0.7 %

Year Over Year

Growth

Data Snapshot May 03, 2024

Market Comparison

When comparing Ontario to other provinces, it stands out as the largest market with $158.9 million in sales, significantly outpacing its closest competitor, British Columbia, which posted $59.9 million. However, Ontario's growth rates are more modest, with a slight year-over-year increase, while Alberta experienced a higher growth rate of 4.7% year-over-year, albeit from a smaller base.

Ontario's average item price remains competitive, with a slight decrease contributing to the overall affordability of cannabis products in the province. The pricing dynamics, coupled with the growth in specific categories like Capsules, highlight the nuanced nature of the market.

For a more detailed analysis or to uncover additional insights, consider exploring Headset Insights.

Ontario Weed Prices

Product
Apr, 2024
YoY
Flower (Gram)
$9.39
Flower (Eighth)
$25.88
Edible (10mg)
$5.48
Concentrate (Gram)
$35.20
Top Strain
GMO Cookies
| Province | Total Sales (M) | MoM Sales Growth | YoY Sales Growth | Avg. Item Price | |----------|-----------------|------------------|------------------|-----------------| | ON | $158.9 | -1.5% | -0.8% | $21.80 | | BC | $59.9 | -0.8% | -12.6% | $21.49 | | AB | $76.0 | -1.0% | 4.7% | $21.64 | | SK | $15.8 | -2.1% | -16.6% | $20.86 |
Data Snapshot May 03, 2024

Category Performance

Category
Apr, 2024
YoY
$
58.25
M
-8.8
%
$
48.66
M
8.4
%
$
28.76
M
5.1
%
$
8.82
M
-13.4
%
$
5.79
M
-1.2
%
$
3.73
M
0.5
%
$
1.82
M
38.9
%
$
0.51
M
-8.9
%

The Capsules category in Ontario has shown remarkable year-over-year growth of 38.4% in sales and 23.5% in units sold, with total sales amounting to $1.82 million in April 2024. Despite a slight month-over-month dip in sales and units, the average item price increased to $25.38, reflecting a consumer willingness to pay more for this product type.

| Segment | Avg. Item Price | Total Sales (M) | Total Units | YoY Sales Growth | |---------------|-----------------|-----------------|-------------|------------------| | Hybrid | $24.32 | $1.19 | 49,045 | 76.2% | | Indica | $22.11 | $0.18 | 8,026 | 29.0% | | CBD / CBN | $30.93 | $0.44 | 14,144 | -4.4% | | Sativa | $25.90 | $0.01 | 384 | -75.8% | | Suppository | $18.79 | $0.000078 | 4 | 1.3% | | Brand Name | Total Sales (M) | Total Units | Avg. Item Price | |------------------|-----------------|-------------|-----------------| | [Redecan](https://www.headset.io/brands/redecan) | $0.59 | 29,487 | $20.07 | | [Tweed](https://www.headset.io/brands/tweed) | $0.24 | 12,240 | $19.94 | | [Dosecann](https://www.headset.io/brands/dosecann) | $0.17 | 4,562 | $37.24 | | [Emprise Canada](https://www.headset.io/brands/emprise-canada) | $0.09 | 2,385 | $37.37 |
Data Snapshot May 04, 2024

Top Cannabis Brands in Ontario

Market Trends

Product Category Market Share In Ontario

Monthly Cannabis Sales

Historical Cannabis Sales In Ontario

Ontario Cannabis Reports

Report
June 27, 2023

Canadian cannabis overview: a look at the last 5 years of recreational sales

This report provides insight into sales growth, pricing, brand development, and product innovation within Canada.
Report
January 4, 2022

A high-level overview of the Ontario cannabis market

In this report, we will explore trends and behaviors of cannabis consumers in Ontario by analyzing different age groups and identifying growth and changes in…
Report
February 9, 2021

Canada cannabis sales: A close look at recent trends

his report explores sales trends in Canada, specifically sales since November 2020.

Ontario Cannabis News

User rating
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Canadian

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