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CANNABISCANADAon Sep 25, 2021 1:06pm
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Something to read on a Saturday
Something to read on a Saturday Canadians buy $338.9M of legal cannabis in July: StatsCan
Canadians bought $338.9 million worth of cannabis in July, reaching a new monthly record and surpassing the $4-billion annual run rate for the first time, according to Statistics Canada. While total Canadian retail sales fell in the month due to lower grocery spending, cannabis sales bucked the trend with all provinces and cities reporting monthly gains in July. Cannabis retail sales rose 6.2 per cent in July from June, increased 45 per cent on an annual basis and was up at a 2.8 per cent pace on a per-day basis. Cannabis sales in Ontario - which was the only province to double sales over the past year - led the country with $126.7 million in pot sold in July, an increase of 5.5 per cent from June. Several analysts note that August cannabis sales are projected by Hifyre to reach nearly $350 million, which would represent roughly a 2 per cent gain. |
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