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Sales & Inventory Up, Employment Down

New Health Canada market data for October 2022 to December 2022 shows a continued increase in cannabis inventory and sales across Canada, even as the amount of production space and number of employees at production facilities starts to decline.

Total Cannabis Sales

Total medical and non-medical cannabis sales were up 12% from last quarter with 19,569,277 units sold. Dried cannabis has consistently dominated medical and non-medical sales followed by edible cannabis and cannabis extracts. The non-medical sales breakdown by product type is shown in Figure One.

Non-Medical Cannabis Sales

Dried cannabis packaged sales have held relatively steady in the last six months of 2022 as shown in Table One with an increase of 11.76% from January to December.

Edibles, extracts, and topicals saw more notable increases. Edible sales grew throughout the year and jumped in late 2022, up 37.9% from January. Extract sales were up 66.43% from January to December.

Topical sales steadily increased throughout the year with a sudden jump in December. Sales were up 71% from January to December.

Table One: Non-Medical Cannabis Sales (Packaged Units)

Year-Month Dried Cannabis Edible Cannabis Cannabis Extracts Cannabis Topicals
2022-12 9,742,791 4,455,645 4,273,642 56,901
2022-11 8,890,693 3,442,539 3,563,117 37,301
2022-10 9,642,431 3,720,904 3,594,056 36,391
2022-09 9,597,809 3,665,372 3,378,503 33,437
2022-08 9,865,782 3,748,942 3,284,090 40,509
2022-07 9,898,767 3,889,390 3,265,371 41,906
2022-06 9,511,791 3,607,536 3,056,316 44,270
2022-05 9,254,579 3,430,172 2,876,505 37,383
2022-04 9,171,513 3,600,659 2,885,436 36,216
2022-03 8,990,972 3,390,819 2,774,329 35,227
2022-02 7,975,499 3,110,271 2,442,750 34,036
2022-01 8,717,718 3,231,142 2,567,891 33,269
Annual Change 11.76% 37.90% 66.43% 71.03%

Cannabis Inventory

Total packaged inventory held by cultivators, processors, distributors, and retailers was up 6% from last quarter with 75,948,683 packaged units held. The majority of inventory is dried cannabis. The inventory breakdown by product type is shown in Figure Two.

 

Production Space

Despite the increase in inventory and sales, production space and the number of employees at production facilities saw slow declines in 2022.

From October to December 2022, there were 1,595,724 m2 of indoor licensed growing area, 378,863 m2 of processing area, and 595 hectares of outdoor growing area. Production space seems to be levelling out and has decreased across all categories in 2022, as shown in Table Two.

Table Two: Licensed Area

Year-Month Indoor growing area (m2) Processing area (m2) Total building area (m2) Outdoor growing area (hectares)
2022-12 1,595,742 378,863 4,427,069 595
2022-11 1,600,041 378,420 4,452,950 595
2022-10 1,584,199 374,031 4,418,982 594
2022-09 1,658,180 418,381 4,794,641 531
2022-08 1,710,100 421,489 4,877,672 533
2022-07 1,699,653 436,220 4,927,444 530
2022-06 1,688,294 425,567 4,874,453 543
2022-05 1,683,023 423,771 4,863,636 550
2022-04 1,680,173 423,236 4,864,251 642
2022-03 1,673,356 422,946 4,883,746 692
2022-02 1,677,723 424,319 4,886,097 685
2022-01 1,674,950 422,316 4,887,406 685
Annual Change -4.73% -10.29% -9.42% -13.14%

Production Facility Employees

The number of employees at federally licensed production facilities slowly dropped throughout 2022 as shown in Table Three, down 2.20% from January to December.

Table Three: Estimated Employment on Federally Licensed Sites

Year-Month Low estimate High estimate
2022-12 12,576 16,812
2022-11 12,540 16,642
2022-10 12,427 16,639
2022-09 12,991 16,880
2022-08 13,236 17,356
2022-07 13,169 17,131
2022-06 13,045 17,056
2022-05 12,993 16,986
2022-04 12,997 17,103
2022-03 12,923 17,254
2022-02 12,920 17,274
2022-01 12,859 17,183
Annual Change -2.20% -2.16%
Tags: Canadian Cannabis (110), cannabis employment (3), Cannabis Industry (184), cannabis inventory (11), Health Canada (64), licensed producer sales (1), non-medical cannabis sales (1)