Canadian adult-use cannabis sales get summer bump with record July

Adult-use cannabis sales jumped sharply in July as Canadians stocked up for summer, new data from Statistics Canada suggests.

Regulated marijuana sales that month grew to 395 million Canadian dollars ($315 million), an almost 4.5% increase over June.

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It was one of the biggest monthly gains so far this year in Canada.

The province of Manitoba experienced the biggest monthly increase by percentage, jumping 20% to CA$17.1 million in retail sales.

On a dollars basis, the biggest monthly increase was in Ontario, where sales rose CA$6.8 million to CA$159.5 million in July.

Quebec’s cannabis sales grew a disappointing 1% month-over-month to about CA$50 million.

So far this year, roughly CA$2.55 billion worth of recreational cannabis has been sold.

In the remaining provinces, July sales totals and month-over-month sales were:

Alberta: CA$69.1 million (+3%). British Columbia: CA$57.3 million (+6%). Manitoba: CA$17.1 million (+20%). Nova Scotia: CA$9.1 million

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Adult-use cannabis sales jumped sharply in July as Canadians stocked up for summer, new data from Statistics Canada suggests. Regulated… Continue reading
The post Canadian adult-use cannabis sales get summer bump with record July appeared first on GrowCola.com.