Canadian Marijuana Sales Trending Down Near Close of 2022 

Retail marijuana sales in Canada took a visible dip in November in 2014, however generally the marketplace is still on the increase from 2021 sales numbers, according to nationwide information launched Friday by the federal government.

Sales were down in November to C$ 373 million (US$ 278 million) from C$ 390 million in October, Stats Canada reported, which corresponds to a month-to-month dip of 4.4%. Yet sales were still up nearly 10% from the very same month in 2021, when the nationwide market offered about C$ 340 million in marijuana.

The sales dip was true across the country in every district other than Newfoundland and also Labrador, where sales remained basically level at C$ 5.6 million. The decline was most noticable in Ontario, where sales dropped by C$ 6.5 million, and also British Columbia, where sales reduced by C$ 2.4 million.

Additionally visible was the year-over-year boost in sales throughout districts, with the exemption of Quebec, which remained about level at C$ 48 million in sales.

Ontario sales were up year-over-year by 9%, to C$ 147 million from C$ 134 million. And also British Columbia sales were up year-over-year by 17%, to C$ 55 million from C$ 47 million.

New Marijuana Ventures expert Alan Brochstein associated the yearly sales enhance to “a boost in the variety of shops in addition to dropping blossom costs,” which has actually had the ability to tempt progressively extra consumers far from the below ground cannabis market.

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