Alberta Cannabis Sales
Apr, 2024
Overview
The Alberta cannabis market has demonstrated a resilient growth pattern, with sales reaching $76.01 million in April 2024, a modest year-over-year growth of 4.7%. Despite a slight month-over-month sales decline of 1.0%, the market has seen a significant increase in unit sales, up 15.0% from the previous year. This indicates a growing consumer base and increased product accessibility. Average item prices have seen a decrease from $23.76 in April 2023 to $21.64 in April 2024, suggesting that consumers are becoming more price-sensitive or that the market is becoming more competitive.
Apr, 2024
Sales
Year Over Year
Growth
Market Comparison
When compared to other markets in Canada, Alberta's cannabis market is robust, with sales outperforming British Columbia's $59.89 million and Saskatchewan's $15.80 million in April 2024. However, it trails behind Ontario's market size of $158.86 million. Alberta's year-over-year growth rate of 4.7% is notably higher than Ontario's -0.8% and British Columbia's -12.6%, and far surpasses Saskatchewan's -16.6%. This indicates that Alberta's market is not only growing but also outpacing several other provinces in terms of growth.
Alberta Weed Prices
Category Performance
Focusing on the Capsules category, it stands out with a remarkable year-over-year sales growth of 40.2% and a unit growth of 20.1%, despite a month-over-month sales decline of 5.5%. This trend suggests a growing consumer interest in this form of consumption. Within this category, the Hybrid segment has shown an exceptional year-over-year sales increase of 125.9% and unit growth of 63.7%, highlighting its popularity.