Statistics Canada released Canadian recreational cannabis sales for the month.

Last 13 Months:

Daily purchase growth MoM for July 2021 increased +2.8% or to $10.9 million/day or annualized $4.0 billion.  The increase was not as large as last month’s +5.3% but it does mark two months of growth in a row after the negative -1.0% in May 2021.

Annual growth per month on YoY basis is $106 million.  This YoY figure has been decreasing of late and decreased from $117 million last month and $126 million in May 2021. Sales growth is slowing on YoY basis since April 2021 this year.

Annual Growth per month YoY:

• Ontario + $66 million
• Alberta + $9 million
• Quebec + $8 million
• BC + $14 million

Month Over Month $’s delta by Province:

Quarterly Trailing 3-month daily sales evidence a +12.1% QoQ, the highest since November 30, 2020 T3Month % QoQ.  This is the fourth MoM in a row of T3Month growth after the March 2021 +1.6%.

Leading provinces by $ growth for the MoM:

Ontario +$6.6 million… that is 57% of Canada’s growth for the month

BC +$4.2 million

AB + $3.0 million

QC +$2.9 million

No other province was greater than $1.0 million increase.

Leading provinces by $ contraction for the month:

None.

Month Over Month % delta by Province:

July 2020 to July 2021 growth was +46%.

Leading provinces by % growth for the month:

NS +11%

BC +9.4%

NS +6.9%

QC +5.9%

ON +5.5%

Contraction of note:

None.