Ontario Boosts Canadian Cannabis Sales To Reach $245M In August

Article by Jelena Martinovic, Benzinga

Ontario Boosts Canadian Cannabis Sales To Reach $245M In August by Jelena Martinovic

Canada cannabis sales increased 94% over the year and 6% sequentially to CA$244.9 million in August.

According to Statistics Canada, the growth can be attributed to the expansion of the retail footprint across provinces, including British Columbia and especially Ontario.

Ontario sales contributed with CA$66.9 million in sales, which accounted for 11%, compared to 2-5% other major provinces contributed.

Other drivers of growth are the success in value-priced flower and the launch of next-generation products, particularly vapes, New Cannabis Ventures reports.

Moreover, cannabis sales in Ontario increased by more than 66% from CA$40.2 million reported in April.

Read the full article here.

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