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Alberta Cannabis Sales
Nov, 2024
Overview
Alberta's cannabis market has shown a robust growth pattern, particularly in the past year. As of November 2024, the total sales reached approximately $82.12 million, marking an 11.5% year-over-year growth. This growth is complemented by a 14.1% increase in total units sold, indicating a healthy expansion in both revenue and consumption volumes. The average item price has seen a slight decrease from $22.0 in October 2024 to $21.69 in November 2024, suggesting a market adjustment that could be influencing consumer purchasing behaviors.
Despite a month-over-month sales decline of 3.2%, the overall trajectory for Alberta's cannabis market remains positive. This is evidenced by the consistent year-over-year growth and the increasing number of units sold. The market's resilience is notable, especially when considering the broader economic conditions and competitive pressures within the cannabis industry.
Nov, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Alberta to other major markets like Ontario and British Columbia, Alberta's growth rates stand out. For instance, Ontario saw a year-over-year sales decrease of 2.4% and a modest unit growth of 1.5%, while British Columbia experienced significant declines of 15.0% in sales and 16.0% in units. This positions Alberta as a leading market in terms of growth dynamics.
Alberta Weed Prices
Category Performance
Focusing on the Pre-Roll category, it presents a unique trend within the Alberta market. In November 2024, this category achieved sales of approximately $27.56 million with over 1.5 million units sold. Despite a month-over-month sales decrease of 7.9% and a unit decrease of 6.1%, the year-over-year growth rates are impressive at 12.0% for sales and 17.6% for units. This suggests that while there may be short-term fluctuations, the overall demand for Pre-Rolls remains strong.
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