Saskatchewan Cannabis Sales

The Saskatchewan cannabis market has experienced a mix of growth and contraction over the past year. As of March 2024, the average item price has seen a slight decrease from the previous month, settling at CAD 21.56, with total sales amounting to CAD 16.14 million and a total of 748,765 units sold. Despite an 8.0% month-over-month sales growth, the year-over-year figures tell a different story, with a 13.7% decline in sales and a 14.3% drop in units sold compared to the same period last year. This indicates a challenging environment for the cannabis industry in Saskatchewan, with consumers possibly reacting to market saturation or seeking more value-driven options.

The cannabis market in Saskatchewan is diverse, with multiple product categories available to consumers. The overall trend suggests that while there is a month-over-month growth in sales, the year-over-year growth rates are negative across most categories. This suggests that while the market may be stabilizing after a period of decline, it has not yet returned to the growth levels seen in previous years. The average item prices across categories have also seen fluctuations, with some categories like Flower experiencing an increase, potentially indicating a shift in consumer preferences or market dynamics.