Consumer sales of recreational cannabis products in November 2022 fell in almost every Canadian province and major city, according to newly released data by Statistics Canada.
Overall, the country saw a 4.3% monthly decline in adult-use sales to 373.3 million Canadian dollars ($277 million) in November, marking the second straight monthly decline.
Ontarians bought CA$147.2 million worth of recreational cannabis products in November, 4.2% less than in October.
On a dollar basis, Ontario led all provinces with CA$6.5 million less in recreational marijuana sales in November compared to the previous month.
In Alberta, sales fell 6% to CA$66.4 million in November. That marks a CA$4.2 million sales decline from October.
British Columbia’s November sales of CA$55.8 million were 6%,or CA$2.5 million, lower compared to October.
According to at least one analyst, sales of adult-use cannabis in Canada are slowing more quickly than expected.
And, in some provinces, the respective sales figure for November represents a significant decline from previous all-time highs.
For instance, Quebec’s sales in November 2022 were CA$48.5 million, or 12.8% off the province’s best-ever sales month in December 2021.
British Columbia’s sales in November 2022 were CA$55.8 million, or 9.4% off the province’s record month in September 2022.
Ontario’s and Alberta’s sales in November were 6.5% and 5.9% lower than their respective all-time highs.
In the remaining provinces, November sales totals and month-over-month changes were:
Manitoba: CA$15.5 million (-3.7%).
Saskatchewan: CA$15.4 million (-4.4%).
Nova Scotia: CA$8.6 million (-6.2%).
New Brunswick: CA$6.7 million (-4%).
Newfoundland and Labrador: CA$5.6 million (-%).
Prince Edward Island: CA$1.7 million (-3.6%).
Yukon sales fell 10.4% in November to CA$854,000.
No data was released for Nunavut and Northwest Territories.
Toronto continued to lead Canadian cities in sales.
Sales in Ontario’s capital city amounted to CA$47.1 million in November, or 4.2% lower than in October.
November cannabis retail sales in selected Canadian cities and monthly sales changes were:
Montreal, Quebec: CA$26.6 million (-2.3%).
Edmonton, Alberta: CA$22.8 million (-3.9%).
Calgary, Alberta: CA$18.7 million (-6.5%).
Vancouver, British Columbia: CA$18.5 million (-2.6%).
Ottawa, Ontario: CA$14.7 million (-4.2%).
Winnipeg, Manitoba: CA$9.8 million (-4.1%).
Quebec City: CA$4.5 million (-1.4%).
Gatineau, Quebec: CA$1.3 million (-10%).
Statistics Canada’s November cannabis retail sales data is available here.
H/T: mjbizdaily.com
