Canadian cannabis retail sales top $261 million in November

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The latest numbers from Statistics Canada show retail pot sales in Canada reached more than $260 million for the month of November. It’s a slight dip from the previous month when nationwide sales reached more than $270 million, but a 93 per cent increase from a year ago, reports  New Cannabis Ventures . In Nov. 2019, Canadians bought $135 million worth of cannabis. Ontario is picking up the pace with cannabis retail stores, but staying in the game is no easy task Authorities ready to crack down on weed ‘smurfs’ and ‘loopers’ Trump pardons cannabis prisoners on final day in office Ontario led all provinces and territories, with more than $83 million in sales. Nearly every province saw a slight decline in sales from the previous month with the exception of Saskatchewan, where sales ticked up $140,000 and reached a near-total of $14 million. New Cannabis Ventures reports that the slight month-over-month dip in sales was also mirrored in the U.S. Quebec saw the biggest drop in sales, from $48 million in Oct. 2020 to just under $45 million in Nov. 2020. While Ontario has picked up the pace with its retail offerings , Quebec’s government monopoly on retail has led to fewer than 50 stores opening across the second-most populous province in the country. Ontario saw the largest increase in year-over-year sales, from $31 million in Nov. 2019 to $83 million in Nov. 2020, representing a 168 per cent increase.

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Source : Canadian cannabis retail sales top 1 million in November

reposted by Cannabis News World

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