Canadian Cannabis Sales Slip in Most Provinces in November

Article by Marijuana Business Daily

Canadian cannabis sales slip in most provinces in November November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada.

November retail sales of recreational cannabis products across Canada fell to 261 million Canadian dollars ($205 million), 3.2% lower than in October, according to the latest data from Statistics Canada.

November’s sales represent the broadest fall since September 2019, when adult-use sales were 2.4% lower month-over-month.

Saskatchewan was the only province to see retail sales growth in November 2020, climbing 1% over the previous month to CA$13.9 million.

Quebec saw the steepest fall on a dollar basis.

The province’s government-run stores sold CA$44.9 million of adult-use marijuana products in November, roughly 6.5% lower than October’s amount, or a decline of CA$3.1 million.

In Alberta, sales fell 4.6% month-over-month to CA$54 million, a decline of approximately CA$2.6 million.

Ontario and British Columbia reported the next biggest declines on a dollar basis.

Sales in those two provinces were almost CA$1 million lower than a month earlier, coming in at CA$82.9 million (-1.1%) and CA$36.8 million (-2.5%), respectively.

Monthly sales also trended lower in most of Canada’s smaller markets:

  • Manitoba: CA$9.6 million (down 2%).
  • Nova Scotia: CA$6.9 million (down 5.7%).
  • New Brunswick: CA$6.1 million (down 1.8%).
  • Newfoundland and Labrador: CA$3.8 million (down 2%).
  • Prince Edward Island: CA$1.5 million (down 9.4%).
  • Yukon: CA$652,000 (down 12%).
  • Northwest Territories: CA$421,000 (up 10%).

Read the full article here.

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