Statistics Canada released Canadian recreational cannabis sales for the month.
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%
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