PRE-ROLL MARKET REPORT
Maryland
Our analysis identifies both positive trends and red flags to help you make better decisions for your brand and business.
Note: Data provided by BDSA and reflects the trailing three months (T3M) May-Jul 2024 vs. previous three months (P3M) Feb-Apr 2024 unless otherwise noted.
Executive Summary
The Maryland cannabis market is on the upswing, with pre-rolls showing particularly strong performance. While overall state sales grew by 4.1%, the pre-roll category outpaced that, jumping by 13.6% over the same period. This segment is forecasted to hit $148.2M by 2028, driven by a steady 10.5% annual growth rate.
Marylanders are all-in on inhalables, with a strong 79.7% consuming them over other options and 60.9% actually preferring them. The growing love, up 4.6% in the last quarter, becomes even more interesting when you look at the surge in pre-roll sales.
Maryland’s market is becoming somewhat competitive with 50 active pre-roll brands and an expanding product line – but we might simply say maturing fast. There are 1,402 total pre-roll products, but Dogwalkers (GTI) leads the way with an impressive 17.2% category share, driven by a robust 63.4% growth rate versus P3M. Infused pre-rolls are hindered by supply issues but gaining traction, making up 10.3% of total pre-roll sales and up 5.16% vs P3M.
Maryland’s market is on a clear path to expansion, with innovation and brand identity becoming key to staying ahead. Dive into our report to see who’s making waves, what’s trending, and where the market is headed next.
Maryland
pre-roll market
by the numbers
Feb-Apr 2024
Revenue:
$31.42M (+13.6%)
Standard pre-roll sales:
$28.19M -5.16%
Infused pre-roll sales:
$3.23M +5.16%
Total brands:
50 -2 P3M
Total products:
1,402 +15 P3M
1 Dogwalkers
2 SunMed Growers
3 Curio Wellness
4 District Cannabis
5 Fade Company
1
Dogwalkers
Afternoon Delight
Pre-Rolled (0.35g), 5 Pack
2
SunMed Growers
Snoop Dogg OG
Pre-Rolled (0.50g), 2 Pack
3
Animal Face
Pre-Rolled (0.35g), 5 Pack
4
Dogwalkers
Brownie Scout
Pre-Rolled (0.35g), 5 Pack
5
Dogwalkers
Show Dog – Hybrid Strain Blends
Infused Pre-Rolled (0.45g), 5 Pack
Who’s Smoking
Dogwalkers (GTI)
SunMed Growers (SunMed Growers)
sunmedgrowers.com
Fade Company (Story Cannabis)
thefadecompany.com
Maryland’s Big Dog
Maryland’s pre-roll market is buzzing, with 50 active brands competing for dominance. What’s surprising? The top dog, Dogwalkers, isn’t just leading—it’s lapping the competition with a staggering 63.4% growth rate, capturing 17.2% of the market. This is pretty surprising, especially when you compare it to more mature markets like Oregon, where the top brands sit around 4% of the category revenue.
Maryland’s market is still fresh, but brands like Dogwalkers are acting like seasoned pros and quickly becoming household names. This kind of brand establishment shows the value of experience when building a business in new markets, or a consumer base that’s eager to find and stick with favorites early on.
To Infuse or not to Infuse
Yes, infused pre-rolls are in Maryland. And yes, they’re already grabbing 10.3% of the market But is that high? No. It’s actually one of the lowest percentages we’ve ever seen. Compare this to a more mature market like California or Michigan, and Maryland looks microscopic, yet poised for more infused products in the coming months. As Marc Duckworth from Grow West MD noted in our interview below, this could primarily be a supply issue as opposed to a demand one. As processing permits are better distributed to businesses, we’ll see sales follow.
Infused pre-rolls are usually a slow burn in new markets, but Maryland already has signals that their consumers could be more adventurous than we might have expected with a solid 5.16% growth rate. At the product level, we see Dogwalkers’ Show Dog infused pre-rolls growing 196.3% and Kaviar’s single 1.5g infused single at 107.6% vs P3M.
Multipacks are the Standard
Single packs? Sure, they’re cool. But in Maryland, multipacks are where it’s at. It’s hard not to continue to mention Dogwalkers’ 5-packs flying off the shelves here – just as they are in New Jersey and Massachusetts, with growth rates hitting over 40% vs P3M. As we’ve seen with Grow West MD, the demand for multipacks have made some businesses shift away from even bothering to create single pack SKUs.
A handful of stand-out single packs are still showing some great growth numbers, but only two of them hit the top ten spots. This shift in buying habits and value of multipack SKUs in a product line is something brands need to pay attention to, like, yesterday.
Premium Positioning: High-Priced Products
Maryland’s cannabis market is growing up fast, with a clear tilt towards premium products. Being a beacon for states where recreational cannabis has not yet been legalized, our guess (and from our interview with Marc from Grow West MD) is there is an excess of demand. It’s not just about the infused options, non-infused pre-rolls with top-shelf strains and slick branding are raking in the cash with high prices. SunMed Growers’ Snoop Dogg OG or Kaviar’s Indica Strain Blends for example, at $13.25 and $16.61 per gram respectively, are priced higher than similar products in other markets, yet still selling strong.
Sure, part of this might be because the market’s still very fresh, but Maryland consumers are clearly down to splurge on quality. The strong growth in premium segments suggests that the state might be on a fast track to maturity.
Insights from Grow West
An Inside Scoop from the Front Lines:
Q: Can you tell us a bit about your journey with Grow West MD?
Q: What sets Grow West MD apart in Maryland’s competitive cannabis market?
Q: How would you describe the consumer landscape in Maryland?
Q: What impact has the legalization of recreational cannabis had on your operations?
Q: What can you tell us about the popularity of multipacks in Maryland? They look hot.
Q: Infused pre-rolls are big in other states, but why are they lagging in Maryland?
Q: What does the future hold for the pre-roll market in Maryland?
Summary
The Maryland pre-roll market is on an upward trajectory, with a strong 13.6% growth rate in the last quarter. Leading brands like Dogwalkers and SunMed Growers are capitalizing on the growing demand and quickly changing consumer preferences. Even though Maryland is still a relatively new market, it’s already starting to see the benefits of diversification. Multipacks are making a notable impact, and the rise of infused products suggests they’ll probably be winners in the near future.
Keep an eye on Maryland, this market’s just getting started. Talking dollar value, it’s showing all the signs of a future heavy hitter.
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