Statistics Canada released Canadian recreational cannabis sales for the month.
Last month’s figures were adjusted downwards $3.4 million, and BC was the $3.3 million of the adjustment.
Both PEI and Yukon have had blanks for last two months. We have used their March 2021 figures until updated. If we left them blank Stats Canada figure would be off by $2,534 (thousands). The reason given by Stats Canada is: “suppressed to meet the confidentiality requirements of the Statistics Act”
Last 13 Months:
With the above noted Canada correction last months daily purchases growth would have been 6.1% and not the 7.3% reported.
Daily purchase growth MoM for May 2021 decreased -1.0% or $10.1 million/day or annualized $3.7 billion. Second month in a row greater than $10 million/day.
Annual growth per month on YoY basis is $127 million
Ontario + $70 million
Alberta + $13 million
Quebec + $11 million
BC + $19 million
Month Over Month $’s delta by Province:
Quarterly Trailing 3-month daily sales evidence a +9.4% QoQ, the highest since dec. 21, 2020 T3Month % QoQ. This is the second MoM in a row of T3Month growth after the March 2021 decline.
Leading provinces by $ growth for the MoM:
BC +$3.0 million
Ontario +$3.0 million
No other province had a greater than $1 million MoM increase.
Leading provinces by $ contraction for the month:
NB -$0.6 million
Sask -$0.5 million and
NB nominal decrease.
Month Over Month % delta by Province:
May 2020 to May 2021 growth was 68%.
Leading provinces by % growth for the month:
Nfld and Lab +3%
Contraction of note:
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