Canadian Cannabis Sales Are Lagging – Here Is Why

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Canadian recreational cannabis sales have been flat since November.

Each month, Stats Canada releases retail sales data across Canada for a wide variety of sectors including retail cannabis sales. Nationally, Canadians purchased $49.9 million of cannabis in February, down 9% from $54.9 million in January.

On an annualized basis, sales increased 1% from $646 million in January to $650 million in February. Annualized sales have been relatively stable since November 2018.

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