ACB - Canadian Cannabis Sales Are Lagging - Here Is Why
All currencies herein are Canadian dollars.
Flat Recreational Cannabis Sales
Note: Canada legalized recreational cannabis on October 17, 2018. Because October was a shortened month, annualized sales are much higher despite flat sales in dollar totals.
Canadian recreational cannabis sales have been flat since November.
Each month, Stats Canada releases retail sales data across Canada for a wide variety of sectors including retail cannabis sales. Nationally, Canadians purchased $49.9 million of cannabis in February, down 9% from $54.9 million in January.
On an annualized basis, sales increased 1% from $646 million in January to $650