Canadian recreational cannabis sales decline in October

Monthly retail sales of regulated recreational cannabis in Canada declined by 0.8% from September to October, totaling 389.2 million Canadian dollars ($286 million).

On an annual basis, adult-use cannabis sales grew 9.5% over October 2021, according to new data from Statistics Canada.

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The monthly marijuana sales total for September was revised upward to CA$392.3 million, from the previously reported figure of CA$389.9 million.

The month-over-month sales decline came even though October was one day longer than September.

October cannabis sales declined significantly in British Columbia, Canada’s third-most-valuable provincial cannabis market.

B.C. recreational cannabis sales for the month totaled CA$57.5 million, a 6.7% decrease from September.

Canada’s largest provincial marijuana market, Ontario, saw its monthly sales shrink 1.2% from September to CA$153.7 million.

In the second-largest market, Alberta, sales grew 2.7% on a monthly basis to CA$70.5 million.

Here are October sales totals and month-over-month changes

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Monthly retail sales of regulated recreational cannabis in Canada declined by 0.8% from September to October, totaling 389.2 million Canadian… Continue reading
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