Canada Tallies CA$2.6 Billion in Cannabis Sales For 2020, Up 120% Over 2019

Article by Marijuana Business Daily

Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019

Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November.

Licensed marijuana retailers across the country sold CA$298.4 million worth of cannabis in December, up 14.3% from November, according to new retail trade data released Friday by national data agency Statistics Canada.

Canada’s 2020 total represents a 120% increase over 2019 cannabis sales, which were valued at CA$1.2 billion.

The December figure caps off a year of mostly sequential monthly growth for recreational marijuana sales in Canada as new stores opened in many provinces, with monthly sales only declining in April and November.

December sales increased over November’s levels in every province except Saskatchewan.

Canada’s four largest cannabis markets — Ontario, Alberta, Quebec and British Columbia — accounted for more than 84% of the country’s legal recreational marijuana sales in December, with monthly sales totals and month-over-month growth as follows:

  • Ontario: CA$94.6 million (up 14.2%).
  • Alberta: CA$63.8 million (up 18.2%).
  • Quebec: CA$50.8 million (up 13.1%).
  • British Columbia: CA$42.5 million (up 16.5%).

In the remaining six provinces, December recreational cannabis sales totaled:

  • Saskatchewan: CA$11.8 million (down 14.1%).
  • Manitoba: CA$11.1 million (up 14.7%).
  • Nova Scotia: CA$8.2 million (up 19.6%).
  • New Brunswick: CA$6.8 million (up 10.8%).
  • Newfoundland and Labrador: CA$5.4 million (up 41.8%).
  • Prince Edward Island: CA$1.8 million (up 17.6%).

Monthly sales totaled CA$736,000 in Yukon Territory, and CA$896,000 in the Northwest Territories. Sales figures for the territory of Nunavut were unavailable.

Read the full article here.

About Dankr NewsBot

Beep Boop. I'm just a bot who brings you the dankest news in the biz

Leave a Reply

Powered by Dragonballsuper Youtube Download animeshow