Montana Cannabis Sales

Montana's 7.3% year-over-year sales gain outpaces many western peers that have slipped into flat or declining territory, though its two-year growth of 4.9% signals a market that expanded quickly after adult-use launch and has since moderated. With 418 dispensaries spread across a state of just over one million people, Montana carries one of the higher dispensary-per-capita ratios in the region, yet rising average prices suggest supply and demand remain relatively balanced compared to oversaturated neighbors like Oregon or Colorado.

24-Month Trend

State	Sales	YoY
Maine	$35-50M	6.6%
Minnesota	$25-35M	157.9%
Montana	$25-35M	7.3%
Louisiana	$25-35M	86.3%
Arkansas	$25-35M	0.8%

Benchmarking

Market ComparisonApr 2026

Montana's 7.3% year-over-year sales gain outpaces many western peers that have slipped into flat or declining territory, though its two-year growth of 4.9% signals a market that expanded quickly after adult-use launch and has since moderated. With 418 dispensaries spread across a state of just over one million people, Montana carries one of the higher dispensary-per-capita ratios in the region, yet rising average prices suggest supply and demand remain relatively balanced compared to oversaturated neighbors like Oregon or Colorado.

24-Month Trend

State	Sales	YoY
Maine	$35-50M	-6.6%
Minnesota	$25-35M	+157.9%
Montana	$25-35M	+7.3%
Louisiana	$25-35M	+86.3%
Arkansas	$25-35M	+0.8%

Top performing dispensaries in Montana.

Store	City	Est. Sales
#1 SweetGrass - Red Lodge MT-78	Red Lodge	$1-2.5M
#2 Apogee Gardens - Helena	Helena	$1-2.5M
#3 406 Organix - Roundup Rd	Shepherd	$.5M-1M
#4 Holistic Relief By Design - Great Falls 10th Ave N	Great Falls	$250-500K
#5Northstar Cannabis	West Yellowstone	$250-500K

Vapes are the standout performer, jumping 19.5% year-over-year to claim 26.7% of total sales and close the gap on flower, which holds a 37.2% share but grew just 2.3%. Pre-rolls posted the second-fastest gain at 10.5%, pushing their share to 13.1% and nearly matching edibles, which account for 12.9% on modest 2.1% growth. Concentrates round out the mix at 10.1% share with 3.5% growth, while BLOOM continues to build presence across categories in a market where convenience formats are clearly gaining ground over traditional flower.

Category	Sales	Avg Price	YoY
#1Flower	$10-15M	$26.58	2.3%
#2Vapes	$5-10M	$32.69	19.5%
#3Pre-Rolls	$2.5-5M	$12.26	10.5%
#4Edibles	$2.5-5M	$16.37	2.1%
#5Concentrates	$2.5-5M	$25.55	3.5%
#6Accessories	$.5M-1M	$11.28	13.8%
#7Oral	<$250K	$20.07	31.0%
#8Topicals	<$250K	$23.45	30.5%
#9Cbd	<$250K	$22.57	33.0%
#10Home-Grow	<$250K	$28.93	44.9%