GREY:CHOOF - Post by User
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CANNABISCANADAon Feb 19, 2022 7:21am
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Something to read on a Saturday
Something to read on a Saturday
Monthly pot sales jump 8.5% in December as annual revenue hits nearly $4B
Canadians bought $3.92 billion worth of cannabis in 2021 following a strong December that was fuelled by holiday-related spending. Statistics Canada said Friday that Canadian cannabis sales rose by 8.5 per cent in December from the prior month to $382.4 million, while increasing by just five per cent on a per-day basis. Sales were up by 28.5 per cent compared to the same month a year earlier, the StatsCan data showed. Much of December's sales were driven by double-digit increases from Atlantic and Western Canadian provinces, with Nova Scotia leading the country with a nearly 16 per cent lift in retail activity. Ontario, which continues to account for the lion's share of Canadian cannabis sales, with about 40 per cent of the total market, only reported a five per cent monthly gain. From the December sales figures, Canada's legal recreational pot industry currently operates at an annual run rate of about $4.58 billion.