In December of last year, Canadians purchased nearly $300 million worth of cannabis. Nationwide, cannabis retail sales for 2020 totalled more than $2.6 billion, a 117 per cent increase from 2019.
In 2021, though, sales have dropped from the December 2020 high each month. In January, nationwide sales amounted to $282 million.
The lone province that didn’t experience a reduction in sales in February, and, in fact, saw a slight increase, was Ontario. The province posted just under $90 million in sales.
In mid-February, the Alcohol and Gaming Commission of Ontario (AGCO), the organization responsible for regulating cannabis retail in the province, announced it would begin issuing up to 120 Retail Store Authorizations (RSAs) per month. Previously, the AGCO had been issuing 40 RSAs monthly.
Canadian cannabis sales fall for second consecutive month, but still grow by 74 per cent year-over-year
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Canadian cannabis sales fall for second consecutive month, but still grow by 74 per cent year-over-year
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Canadians purchased $282 million worth of retail cannabis in first month of 2021
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