British Columbia Cannabis Sales

Oct, 2024

Cannabis Market Data

Overview

British Columbia's cannabis market is currently sized at approximately $58.58 million in total sales as of October 2024, with a slight month-over-month sales growth of 0.8%. Despite this modest short-term growth, the market has experienced a significant year-over-year decline in both sales (-15.9%) and units sold (-16.0%). The average item price in BC has seen a slight increase from $21.70 in September 2024 to $21.77 in October 2024. This indicates a relatively stable pricing environment amidst fluctuating sales volumes.

The broader Canadian cannabis market shows varied performance across provinces, with BC not leading in terms of growth rates. This context sets the stage for a deeper exploration into specific categories and comparative analysis with other regions to understand BC's unique market dynamics.

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$58.56M

Oct, 2024

Sales

-15.9 %

Year Over Year

Growth

Data Snapshot Nov 03, 2024

Market Comparison

Comparing BC to other major markets in Canada, Ontario (ON) and Alberta (AB) show different dynamics. Ontario, the largest market, had sales of $176.20 million with a slight decrease in average item price over the past month. Alberta showed stronger month-over-month growth rates in both sales (2.7%) and units (2.2%), with sales reaching $81.06 million.

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British Columbia Weed Prices

Flower (Gram)

$8.59

4.20%

Flower (Eighth)

$26.17

4.20%

Edible (10mg)

$4.48

4.20%

Concentrate (Gram)

$39.17

4.20%

Top Strain

Sativa Only

| Province | Total Sales (Oct 2024) | MoM Sales Growth | YoY Sales Growth | Avg. Item Price (Oct 2024) | |----------|------------------------|------------------|------------------|----------------------------| | BC | $58.58M | 0.8% | -15.9% | $21.77 | | ON | $176.20M | 0.6% | -4.8% | $21.66 | | AB | $81.06M | 2.7% | 6.0% | $22.04 |

Data Snapshot Nov 03, 2024

Category Performance

Pre-Roll

21.84

-17.5

Flower

18.22

-15.1

Vapor Pens

10.16

-13.4

Edible

3.09

-24.8

Concentrates

2.11

-12.4

Beverage

1.06

-18.5

Capsules

0.67

-20.2

Topical

0.29

-3.3

Tincture & Sublingual

0.05

66.7

For a detailed look into the BC market, the Flower category is selected due to its fundamental role in cannabis consumption and its potential distinct market trends compared to overall market performance.

| Segment | MoM Growth | YoY Growth | Avg. Item Price (Oct 2024) | |---------|------------|------------|----------------------------| | Sativa | 1.2% | -14.5% | $23.50 | | Indica | 0.5% | -15.8% | $22.10 | | Hybrid | 0.3% | -17.0% | $21.30 | | Brand Name | Total Sales | Units Sold | Avg. Item Price | Brand Link | |------------|-------------|------------|-----------------|------------| | [Brand A](#) | $1.2M | 50,000 | $24.00 | [Link](#) | | [Brand B](#) | $1.0M | 42,000 | $23.80 | [Link](#) |

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Data Snapshot Nov 03, 2024

Top Cannabis Brands in British Columbia

Jeeter

Spinach

Back Forty / Back 40 Cannabis

General Admission

Shred

Wana

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Market Trends

Product Category Market Share In British Columbia

Monthly Cannabis Sales

Historical Cannabis Sales In British Columbia

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