Thursday, April 18, 2024

Canadian Cannabis Sales Hit Another Record — Which Province Sold The Most?

British Columbia saw a 510% growth in cannabis sales in December, compared to the month before, and 22% from a year ago.

By Jelena Martinovic

Cannabis sales in Canada totaled CA$382.4 million ($301 million) in December, representing an increase of 8.5% from November, according to Statistics Canada.

Sales were up 28.5% from a year ago, building on an increase in the number of stores and falling flower prices.

canada cannabis
Photo by madsci/Getty Images

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Hifyre IQ has estimated January sales to be 8% lower — 5.7% below the actual December level and up 29% from a year ago.

Ontario retailers sold the most cannabis, with sales rising 5% on a monthly basis and 68% year-over-year to CA$155 million.

In Alberta, Canada’s second-largest most populated province, cannabis sales increased 11% over from November and 3% on an annual level. Quebec’s cannabis sales increased 14% month-over-month and 9% year-over-year.

RELATED: Super Troopers: Cops In Calgary Authorized To Consume Marijuana Off Duty

British Columbia saw a 510% growth in cannabis sales in December, compared to the month before, and 22% from a year ago.

Product Categories

Hifyre IQ estimated that product categories have seen a shift towards non-flower products, counting it at a record 30% in December compared to 28.5% in November.

Moreover, the data analytics provider projects that non-flower products decreased to 29.5% due to a reduction in the edibles category.

This article originally appeared on Benzinga and has been reposted with permission.

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