Statistics Canada released Canadian recreational cannabis sales for the month.

Last 13 Months:

(Note: As NS, Yukon and NWT have not reported in the past few months, I have held NWT and Yukon constant at their last reported month and used NS as a balancing entry to equal the Canadian aggregate.)

Daily purchase growth MoM for October 2021 decreased -0.6% to $11.7 million/day or annualized $4.3 billion.  This is the first MoM decrease since May 2021.

Annual growth per month on YoY basis is $94 million.  This YoY figure has been decreasing of late and decreased from $98 last month, $105 September 2021, $106 million August 2021, $117 million June 2021 and $126 million in May 2021. Sales growth is slowing on YoY basis since April 2021 this year.

Annual Growth per month YoY:

• Ontario + $62 million
• Alberta + $6.6million
• Quebec + $4.5 million
• BC + $12.8 million

Month Over Month $’s delta by Province:

Quarterly Trailing 3-month daily sales evidence a +10.4% QoQ decreasing from last month’s +11.6%, the second decline in seven months in August 2021.  

Leading provinces by $ growth for the MoM:

Ontario +$4.2 million… that is 42% of growth for all of Canada

Alberta +$2.5 million

BC +$1.3 million

Quebec +$1.2 million

No other province was greater than $1.0 million increase.

Leading provinces by $ contraction for the month:

NB -$0.2 million

Month Over Month % delta by Province:

October 2020 to October 2021 growth was +35%.

Leading provinces by % growth for the month:

NFLD & Lab +7.6%

PEI +4.5%

Alberta +4.1%

ON +2.9%

BC +2.6%

Quebec +2.3%

Contraction of note:

NB -2.8%