Statistics Canada released Canadian recreational cannabis sales for the month.

Since Legalization:

August 2020 rings in at $245 million in sales an increase from July 2020 results of $232 million, an increase of $12 million or +5.2%.  When adjusted by daily sales the increase is +5.2 % with a run rate of $2.9 billion per annum.

The $12 million increase is the smallest MoM delta in Canada in the past 3 months and less than half last months +$31 million.

Last 13 Months:

Annual growth per month is $118 million August 2019 to August 2020 with

• Ontario + $33 million
• Alberta + $28 million
• Quebec + $18 million
• BC + $25 million

Month Over Month $’s delta by Province:

Quarterly Trailing 3-month sales evidence a +24% QoQ.

Leading provinces by $ growth for the month:

Canada +$12 million

Ontario +$7 million,

BC + $1.9 million

Leading provinces by $ contraction for the month:

Month Over Month % delta by Province:

August 2019 to August 2020 growth was 92%.

Leading provinces by % growth for the month:

• Nfld and Lab + 14%
• On + 11%
• NS + 8.7%

Contraction:

• None