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Canadian cannabis market on track to hit nearly $2B in sales

Stockhouse Editorial
0 Comments| April 22, 2020

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Click to enlargeAccording to Statistics Canada, Canadians spent nearly $150 million on cannabis in the month February, down slightly from the prior month. StatsCan said $149.9 million of legal pot was bought in February, down 2.7 percent from January.

On a daily basis, Canadian pot consumers purchased $5.16 million of weed in February, up from the $4.97 million bought per day in January, resulting in an annualized revenue rate of $1.9 billion.

Only three provinces reported monthly sales advances in February, with Saskatchewan leading declines with a nearly 15-percent drop in activity, the data indicated.

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