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Maryland Cannabis Sales
Feb, 2025
Overview
Maryland's cannabis market has shown a resilient performance with a slight year-over-year sales growth of 0.8% as of February 2025, despite a month-over-month decline of 7.3%. The average item price in Maryland has seen a decrease from $31.29 in February 2024 to $28.43 in February 2025, reflecting a broader trend of price adjustments across the market. This price adjustment could be indicative of market maturation or increased competition among dispensaries.
The total sales in Maryland for February 2025 amounted to approximately $87.62 million, with a total of 3,081,856 units sold. The market has experienced fluctuations over the past 24 months, with significant growth spikes, particularly in July 2023, where sales nearly doubled month-over-month. This volatility highlights the dynamic nature of the cannabis market in Maryland, influenced by regulatory changes, consumer preferences, and seasonal trends.
Feb, 2025
Sales
Year Over Year
Growth
Market Comparison
Comparing Maryland's market to other states, it is evident that Maryland maintains a higher average item price, particularly when compared to states like Michigan ($9.30) and Oregon ($12.16). However, states like New York ($35.57) and Ohio ($33.11) have higher average prices, which could be attributed to different market dynamics and consumer demographics.
In terms of growth, Maryland's year-over-year growth is modest compared to states experiencing significant growth such as New York (184.9%) and Ohio (93.5%). This suggests that while Maryland's market is growing, it is at a slower pace compared to these emerging markets.
Category Performance
The Flower category in Maryland has demonstrated a relatively stable market presence with a slight year-over-year sales decrease of 4.9% and a month-over-month decrease of 6.8% in February 2025. Total sales for Flower stood at approximately $43.18 million with over 1.12 million units sold. Within the Flower category, the segment performance varied significantly:
Product Category Market Share In Maryland
Historical Cannabis Sales In Maryland
Maryland Cannabis Reports
A deep dive into the Maryland cannabis market
A high-level overview of the Maryland cannabis market
Maryland Cannabis News
A look at Maryland’s first weeks of adult-use sales
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A look at last year's 4/20
Get More Maryland Cannabis Market Data