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:
Month Over Month % delta by Province:
July 2020 to July 2021 growth was +46%.
Leading provinces by % growth for the month:
Contraction of note:
Ads Blocker Detected!!!
We have detected that you are using extensions to block ads. Please support us by disabling your ad blocker.