Cannabis Market Overview March 2022

Welcome to our monthly cannabis market overview.

These five key metrics from February will provide you with a pulse check on legal cannabis markets. Below, you'll find data on total sales, year over year growth, basket count, and more.

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‍Metric Definitions

• Total sales = the total amount of sales for the month.
• YoY sales growth = calculates the percentage change in total sales from the same month last year.
• Basket count = is the total amount of transactions for the month.
• Average basket = total revenue divided by the total number of transactions.
• Brand concentration = is the % of the market that the top 10 brands make up (in terms of sales dollars). EX: in CA in Dec 2019 the top 10 brands held 32% market share.
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The Alberta cannabis market

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PROVINCE:

Alberta

‍TOTAL SALES:

$52.2M CAD

YOY SALES GROWTH:

-2%

AVERAGE BASKET:

$39.36 CAD

COUNT OF BASKETS:

1.3M

BRAND CONCENTRATION:

33%

The Arizona cannabis market

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STATE:

Arizona

TOTAL SALES:

$156.8M USD

YOY SALES GROWTH:

14%

AVERAGE BASKET:

$62.11 USD

COUNT OF BASKETS:

2.5M

BRAND CONCENTRATION:

N/A

The British Columbia cannabis market

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PROVINCE:

‍British Columbia

TOTAL SALES:

$46.7M CAD

YOY SALES GROWTH:

26%

AVERAGE BASKET:

$39.69 CAD

COUNT OF BASKETS:

1.1M

BRAND CONCENTRATION:

36%

The California cannabis market

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STATE:

‍California

TOTAL SALES:

$402.6M USD

YOY SALES GROWTH:

7%

AVERAGE BASKET:

$58.95 USD

COUNT OF BASKETS:

6.8M

BRAND CONCENTRATION:

28%

The Colorado cannabis market

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STATE:

‍Colorado

TOTAL SALES:

$123.2M USD

YOY SALES GROWTH:

-8%

AVERAGE BASKET:

$53.04 USD

COUNT OF BASKETS:

2.3M

BRAND CONCENTRATION:

33%

The Illinois cannabis market

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STATE:

‍Illinois

TOTAL SALES:

$140.9M USD

YOY SALES GROWTH:

28%

AVERAGE BASKET:

$88.53 USD

COUNT OF BASKETS:

1.5M

BRAND CONCENTRATION:

N/A

The Maryland cannabis market

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STATE:

‍Maryland

TOTAL SALES:

$40.6M USD

YOY SALES GROWTH:

-4%

AVERAGE BASKET:

$104.59 USD

COUNT OF BASKETS:

.3M

BRAND CONCENTRATION:

N/A

The Massachusetts cannabis market

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STATE:

Massachusetts

TOTAL SALES:

$109.2M USD

YOY SALES GROWTH:

36%

AVERAGE BASKET:

$72.06 USD

COUNT OF BASKETS:

1.5M

BRAND CONCENTRATION:

N/A

The Michigan cannabis market

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STATE:

Michigan

TOTAL SALES:

$146.1M USD

YOY SALES GROWTH:

39%

AVERAGE BASKET:

$70.03 USD

COUNT OF BASKETS:

2.0M

BRAND CONCENTRATION:

24%

The Nevada cannabis market

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STATE:

‍Nevada

TOTAL SALES:

$59.2M USD

YOY SALES GROWTH:

-14%

AVERAGE BASKET:

$65.73 USD

COUNT OF BASKETS:

.9M

BRAND CONCENTRATION:

28%

The Ontario cannabis market

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PROVINCE:

‍Ontario

TOTAL SALES:

$138.4M CAD

YOY SALES GROWTH:

60%

AVERAGE BASKET:

$44.60 CAD

COUNT OF BASKETS:

3.1M

BRAND CONCENTRATION:

39%

The Oregon cannabis market

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STATE:

‍Oregon

TOTAL SALES:

$79.4M USD

YOY SALES GROWTH:

-10%

AVERAGE BASKET:

$39.72 USD

COUNT OF BASKETS:

1.9M

BRAND CONCENTRATION:

22%

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The Saskatchewan cannabis market

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PROVINCE:

‍Saskatchewan

TOTAL SALES:

$12.4M CAD

YOY SALES GROWTH:

4%

AVERAGE BASKET:

$42.60 CAD

COUNT OF BASKETS:

.2M

BRAND CONCENTRATION:

31%

The Washington cannabis market

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STATE:

‍Washington

TOTAL SALES:

$103.9M USD

YOY SALES GROWTH:

-7%

AVERAGE BASKET:

$33.47 USD

COUNT OF BASKETS:

3.1M

BRAND CONCENTRATION:

22%

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