Canadian adult-use cannabis sales edge up to CA$415.6M in May

Canada’s regulated recreational marijuana retailers sold 415.6 million Canadian dollars ($314.7 million) worth of cannabis in May, a 1.2% increase over April, with the province of Quebec posting the largest monthly gain.

Adjusting for the additional day in May, however, cannabis sales declined by roughly 2.1% between April and May.

May recreational cannabis sales increased by 11.2% over the same month last year, according to federal data bureau Statistics Canada.

April’s recreational cannabis sales total was adjusted downward to CA$410.6 million.

The province of Quebec reported the largest month-over-month increase in retail sales of legal recreational cannabis, growing 7.9% from April to May to CA$52.5 million.

Monthly sales totals and month-over-month changes in the remaining provinces and the territory of Yukon were as follows:

• Ontario: CA$162.5 million (+1.5%)
• Alberta: CA$74.3 million (+2.3%)
• British Columbia: CA$64.8 million (-5.4%)
• Saskatchewan: CA$19.2 million (+1.3%)
• Manitoba: CA$16 million (+0.1%)
• Nova Scotia: CA$9.6 million (+5.2%)
• New Brunswick: CA$7.1 million (+4.6%)
• Newfoundland: CA$6.3 million (+4.1%)
• Prince Edward Island: CA$1.2 million (-36%)
• Yukon: CA$996,000 (+7.7%)

Statistics Canada did not report recreational cannabis sales for the Northwest Territories or Nunavut.

Canadian recreational marijuana sales totaled nearly CA$2 billion between January and May, according to Statistics Canada’s data.

Adult-use cannabis sales in 2022 exceeded CA$4.5 billion.

Source: https://mjbizdaily.com/canadian-adult-use-cannabis-sales-edge-up-to-ca415-6m-in-may/