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

Top performing dispensaries in Montana.

Store	City	Est. Sales
#1 SweetGrass - Red Lodge MT-78	Red Lodge	$1-2.5M
#2

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.