Saskatchewan Cannabis Sales

Apr, 2024
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Cannabis Market Data

Overview

The cannabis market in Saskatchewan has experienced a fluctuating trajectory over the past year. April 2024 saw a decrease in average item price to CAD 20.86, down from CAD 21.56 the previous year, indicating a potential shift in consumer purchasing patterns or market saturation. Total sales for April 2024 reached CAD 15.8 million, with a year-over-year sales growth plummeting by 16.6% and a corresponding unit growth decline of 13.9%. This suggests a significant contraction in market size and consumer spending within the province.

Despite a challenging year, the month-over-month data shows a slight increase in unit sales by 1.2%, though dollar sales dropped by 2.1%. This could imply a consumer trend towards more budget-friendly options or smaller purchase sizes. The market's response to these shifts will be crucial for future growth and stability.

$15.79M

Apr, 2024

Sales

-16.6 %

Year Over Year

Growth

Data Snapshot May 03, 2024

Market Comparison

When comparing Saskatchewan to other provinces, it's evident that SK's market is smaller and currently facing steeper challenges. For instance, Ontario's market size towers over SK with total sales of CAD 158.9 million in April 2024, and a much smaller year-over-year sales decline of 0.8%. British Columbia, despite a year-over-year sales decline of 12.6%, still outperforms SK with sales of CAD 59.9 million. The average item price in SK is lower than in other provinces, which could be a competitive advantage if leveraged correctly.

Saskatchewan Weed Prices

Product
Apr, 2024
YoY
Flower (Gram)
$8.65
Flower (Eighth)
$22.10
Edible (10mg)
$5.20
Concentrate (Gram)
$32.35
Top Strain
Sativa Only
_Table: Comparative Market Analysis (April 2024)_ | State | Average Item Price | Total Sales (Millions) | Year-over-Year Sales Growth | |-------|--------------------|------------------------|-----------------------------| | [SK](https://www.headset.io/markets/saskatchewan) | CAD 20.86 | CAD 15.8 | -16.6% | | [BC](https://www.headset.io/markets/british-columbia) | CAD 21.49 | CAD 59.9 | -12.6% | | [ON](https://www.headset.io/markets/ontario) | CAD 21.8 | CAD 158.9 | -0.8% |
Data Snapshot May 03, 2024

Category Performance

Category
Apr, 2024
YoY
$
5.19
M
-21.5
%
$
4.19
M
-4.1
%
$
3.97
M
-16.8
%
$
1.04
M
-16.8
%
$
0.47
M
-44.0
%
$
0.28
M
-12.5
%
$
0.18
M
-21.7
%
$
0.07
M
-30.0
%

Edibles stand out as a category that deviates from the overall market trend, with a notable decrease in average item price from CAD 6.40 in April 2023 to CAD 5.68 in April 2024. Despite the lower price point, both sales and unit growth have seen a decline, with sales dropping by 17.4% and units by 6.8% year-over-year. This suggests that while consumers are still interested in edibles, they may be seeking even more competitive pricing or are influenced by other factors such as product innovation or brand loyalty.

_Table: Edibles Category Performance in [Saskatchewan](https://www.headset.io/markets/saskatchewan) (April 2024)_ | Category | Average Item Price | Total Sales (Millions) | Month-over-Month Sales Growth | Year-over-Year Sales Growth | |----------|--------------------|------------------------|------------------------------|-----------------------------| | Edibles | CAD 5.68 | CAD 1.04 | -7.2% | -17.4% |
Data Snapshot May 04, 2024

Top Cannabis Brands in Saskatchewan

Market Trends

Product Category Market Share In Saskatchewan

Monthly Cannabis Sales

Historical Cannabis Sales In Saskatchewan

Saskatchewan 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
February 9, 2021

Canada cannabis sales: A close look at recent trends

his report explores sales trends in Canada, specifically sales since November 2020.
Report
November 2, 2020

The Saskatchewan cannabis market: Canada's first private market

Insights Premium data is now available in Saskatchewan. In addition to coverage in Alberta, British Columbia, and Ontario, Headset data now covers 61% of the total Canadian cannabis market.

Saskatchewan Cannabis News

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.
Blog
August 1, 2022

5 rising cannabis Beverage brands in the US & Canada

With so many new products entering the Beverages category, we compiled a list of a few rising stars that have been turning heads.
User rating
SK
Canadian

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