VIVO Cannabis Inc. VVCIF

Legal pot sales surge above $85 million in May...Globe&Mail

[Schaffhausen]

 ...with Ontario in the lead: StatsCan

Here are some excerpts from the article :

1. Canadian retail cannabis sales jump more than $11 million in May from April

2. Ontario retail cannabis sales up 16 per cent in May vs April, Alberta up 10 per cent

3. Ontario, Alberta and Quebec sell two-thirds of Canada’s retail pot in May

Retail cannabis sales in Canada jumped above $85 million in May, up 15 per cent from April as more stores opened in the country’s biggest consumer market Ontario while increased purchases in Quebec were also a key factor, the most recent Statistics Canada data show.

This marked the third straight month of double-digit growth for the country’s newest industry, with May sales up more than $11 million from April, as legal growers increased their production to meet consumer demand. Every province saw increased sales, with Ontario at the top at $22.8 million in May, up 16 per cent from April, followed by Alberta at $17.5 million, which was up 10 per cent month-over-month.

Statistics Canada pegged Quebec’s recreational pot sales at $17.1 million, up 26 per cent from April.

These three provinces made up roughly two-thirds of Canada’s legal recreational cannabis sales in May, calculations show.

Sales are expected to have risen further in June and July after Alberta’s retail cannabis regulator lifted its licence moratorium due to improved supplies from licensed producers (LPs). Since the end of May, Alberta Gaming, Liquor and Cannabis (AGLC) has granted 95 retail licences, nearly doubling the province’s tally to around 200.

Cheers,

Schaff

[Saskisnow]

The whole legalization roll-out has been a joke. If they really wanted to put the black market out of business they need to cut leagl prices in half. Same revenue with twice the volume of sales. No one, repeat -no one I know is buying legal weed - it's just too expensive when BM is $125.00 -150.00 an ounce. A few friends said they checked it out and it was just ridiculously priced for the

[Leopardalos1]

This post has been removed in accordance with Community Policy

[islander123]

I agree. The black market is alive and well, not just in canada, but in the states where weed is legal.  i believe it will take years before the overall population buys more legal weed than going to the black market where it is around half the price.  Money is money, and there may be some junk in the black market, but there is still alot of high grade herb around too. this is my last

[Hemmingway]

The police might take an interest in illegal pot production (black market)....but the tax man is a completely different story.  NEVER piss off the CRA, or try to eat their lunch.

[JaCkSnap]

Now these are the posts we need on here.