Saskatchewan Cannabis Sales
Jun, 2024
Overview
The cannabis market in Saskatchewan has shown a distinct trend in the recent data, with a notable decrease in both sales and unit growth. In June 2024, the total sales amounted to $14.04 million, with a decrease of 1.6% month-over-month and a significant 9.5% drop year-over-year. The average item price slightly increased from $21.38 in May 2024 to $21.63 in June 2024. However, this price increase did not translate to higher sales volumes, as the total units sold saw a decrease of 2.8% month-over-month and a sharp 10.0% fall year-over-year. This suggests a challenging market environment where despite stable pricing, demand is waning.
Jun, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Saskatchewan's market to other provinces like Alberta, British Columbia, and Ontario, SK stands out for its lower average item price and smaller market size. For instance, Ontario's total sales in June 2024 were significantly higher at $164.43 million, with a higher average item price of $21.71. The market dynamics in SK, particularly the sharp year-over-year decline, contrast with the more stable or growing markets in other provinces. This suggests unique market challenges or consumer preferences in Saskatchewan that may require targeted strategies to boost market performance.
Saskatchewan Weed Prices
Category Performance
The Flower category in Saskatchewan has experienced varied performance across its segments. The standout segment is the unnamed segment (possibly a niche or premium segment), which saw an extraordinary year-over-year sales growth of 799.5% and a month-over-month sales growth of 79.5%, with total sales reaching $66,635 in June 2024. This contrasts sharply with other segments like Indica and Hybrid, which saw significant declines in both sales and unit growth. The average item price for Flower in June 2024 was $48.23, indicating a premium pricing strategy that might be contributing to the high growth rates in certain segments.
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