Alberta Cannabis Sales

Oct, 2024

Cannabis Market Data

Overview

Alberta's cannabis market has demonstrated consistent growth with a notable increase in both sales and unit purchases year over year. In October 2024, Alberta reported a total sales volume of $81.06 million, marking a 6.0% increase in sales compared to the previous year, with unit growth also up by 6.5%. The average item price in October 2024 stood at $22.04, slightly up from $21.94 in September 2024, indicating a stable pricing environment that contributes to the market's growth.

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$81.02M

Oct, 2024

Sales

5.9 %

Year Over Year

Growth

Data Snapshot Nov 03, 2024

Market Comparison

When compared to other major markets in Canada, Alberta's cannabis market is robust, particularly in its growth rates and pricing stability. For instance, British Columbia (BC) experienced a -15.9% YoY sales decline with a total sales volume of $58.58 million, and Saskatchewan (SK) saw a -9.1% YoY decline. Ontario (ON), although having the highest sales at $176.20 million, also faced a -4.8% YoY sales decrease. Alberta's growth and pricing resilience highlight its unique market dynamics and consumer demand patterns.

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Alberta Weed Prices

Flower (Gram)

$12.60

4.20%

Flower (Eighth)

$24.52

4.20%

Edible (10mg)

$4.85

4.20%

Concentrate (Gram)

$33.44

4.20%

Top Strain

Sativa Only

Data Snapshot Nov 03, 2024

Category Performance

Pre-Roll

28.47

7.8

Flower

21.83

-1.0

Vapor Pens

19.13

13.5

Edible

4.17

-4.6

Concentrates

3.57

14.1

Beverage

1.45

2.8

Capsules

0.96

12.9

Topical

0.44

33.3

Tincture & Sublingual

0.02

100.0

The Concentrates category in Alberta has shown remarkable dynamics different from the overall market trend. In October 2024, this category achieved a total sales of $3.57 million with an 8.4% month-over-month sales growth and a significant 14.3% year-over-year growth. The segment analysis within Concentrates reveals diverse trends: - Distillate and Crystalline / THCA / CBDA segments experienced substantial growth, with Distillate sales increasing by 80.9% YoY and Crystalline by 50.3% YoY. - Conversely, segments like Honeycomb / Crumble and Kief faced drastic declines, with sales dropping by 98.9% and 69.0% YoY respectively.

| Segment | Avg. Item Price (Oct 2024) | Total Sales (Oct 2024, $M) | MoM Sales Growth | YoY Sales Growth | |---------|-----------------------------|----------------------------|------------------|------------------| | Distillate | $34.74 | 0.26 | 16.4% | 80.9% | | Crystalline / THCA / CBDA | $35.45 | 0.45 | 10.4% | 50.3% | | Honeycomb / Crumble | $37.01 | 0.01 | -31.7% | -98.9% | | Kief | $13.91 | 0.01 | 23.7% | -69.0% |

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Data Snapshot Nov 03, 2024

Top Cannabis Brands in Alberta

Wyld

Spinach

Back Forty / Back 40 Cannabis

General Admission

Shred

Wana

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Market Trends

Product Category Market Share In Alberta

Monthly Cannabis Sales

Historical Cannabis Sales In Alberta

Alberta Cannabis Reports

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