Article by StratCann
The Ontario Cannabis store released their annual year in review today, covering April 2020 to March 2021, showing significant industry growth in the province.
Ontario sold 99,100,000 grams of cannabis, the bulk of it being sold through private retailers. 81,500,000 grams were sold in stores while another 17,600,000 were sold on ocs.ca.
The number of stores in Ontario increased significantly over the past year, with 800 currently operating. The average distance to a store for residents in Ontario is now below 6.5 kilometres, down from almost 20 kilometres less than a year ago. The provincial distributor expects 1,000 stores to be authorized to open by this September.
Ontario’s legal share of the recreational market nearly doubled from 20% during the 2019 – 2020 fiscal year to 37.6% in this past fiscal year. This last quarter, Ontario’s legal share of the recreational market increased by 1% point compared to Q3, reaching 44%.