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Cannabis Sales Down 2% in January

Canadian retail cannabis sales declined 2.1% in January, according to Statistics Canada. Total sales for the month were $347.2 million, down from $354.8 million in December (revised downward from a previously reported $382.4 million). But while month-to-month sales dipped, year-over-year sales increased 24% compared to January, 2021.

The data shows monthly declines in every province except two. In Ontario, Canada’s largest cannabis market, sales were up 8% from December and 57% from a year ago, reflecting an increased number of stores in the province. Saskatchewan saw a 1.5% bump over December, growing to $14.5 million.

The remaining provinces saw declines, with January sales as follows:

  • Alberta: $61.5 million (-6.5%)
  • Quebec: $47.9 million (-13.8%)
  • British Columbia: $50 million (-4.5%)
  • Manitoba: $13.1 million (-6.4%)
  • Nova Scotia: $7.8 million (-10%)
  • New Brunswick: $6.4 million (-8.7%)
  • Newfoundland and Labrador: $5.6 million (-7.2%)

In Prince Edward Island, StatsCan reported January retail sales of $1.8 million, but didn’t record a comparative sales figure for December. Similarly, the bureau reported Yukon sales of $808,000 in January with no number for December. No sales figures were available for the Northwest Territories or Nunavut.

Retail sales typically decline in January due to a boost in holiday-related spending during December.




Tags: Canadian Cannabis (113), Cannabis Sales (69), January sales (1), retail cannabis sales (2), Statistics Canada (51)