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Saskatchewan Cannabis Sales
Nov, 2024
Overview
The cannabis market in Saskatchewan (SK) has shown a distinctive trend in recent months. As of November 2024, the average item price in SK was recorded at $22.09, reflecting a slight increase from the previous month. Despite this, the total sales amounted to approximately $14.56 million, indicating a month-over-month sales decline of 3.3% and a year-over-year decline of 9.4%. This suggests a challenging environment for market growth in the region, potentially influenced by factors such as market saturation or regulatory changes.
The province's performance in unit sales also mirrors this trend, with a decrease of 4.3% month-over-month and 7.1% year-over-year. These figures highlight a contraction in consumer demand or possible shifts in consumer preferences within the cannabis market in Saskatchewan.
Nov, 2024
Sales
Year Over Year
Growth
Market Comparison
When comparing Saskatchewan's market to other provinces like Alberta (AB), British Columbia (BC), and Ontario (ON), SK's market size and growth rates are notably lower. For instance, Ontario reported sales of approximately $169.90 million in November 2024, significantly outpacing SK's $14.56 million. The growth rates in SK are also less favorable, with a year-over-year sales decline of 9.4%, compared to a slight decline of 2.4% in ON.
Saskatchewan Weed Prices
Category Performance
The Tincture & Sublingual category in Saskatchewan presents an intriguing contrast to the overall market dynamics. In November 2024, this category experienced a significant year-over-year sales growth of 816.8% and unit growth of 877.3%, with total sales reaching approximately $24,734. This stark growth is primarily driven by the segment of Breathstrips and Sublingual Pouches, which alone accounted for the entire category's sales.
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Product Category Market Share In Saskatchewan
Historical Cannabis Sales In Saskatchewan
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