Statistics Canada released Canadian recreational cannabis sales for the month.

Last 13 Months:

Note From December 2020 Update : We are pessimistic about January 2021 “growth”.  A post-holiday decline (maybe double digits) might occur.  Then with February being 3 days shorter, the MoM might not show an increase until March 2021 is reported in May 2021.

Daily purchase growth decreased post holiday shopping season with -5.6% or $9.1 million/day or annualized $3.3 billion.

Annual growth per month on YoY basis is $129 million

• Ontario + $53 million
• Alberta + $25 million
• Quebec + $17 million
• BC + $21 million

Month Over Month $’s delta by Province:

Quarterly Trailing 3-month sales evidence a +8.3% QoQ. Lowest on record QoQ growth.

Leading provinces by $ growth for the month:

All were negative.

Leading provinces by $ contraction for the month:

Alberta -$5.4 million

Ontario -$4.7 million

BC -$2.4 million

Quebec -$2.0 million

Month Over Month % delta by Province:

January 2020 to January 2021 growth was 84%.

Leading provinces by % growth for the month:

• None All were negative

Contraction of note:

NFLD & Lab -17%

Alberta -8.5%

BC -5.6%

Ontario -5%

Quebec -4%