Canadians bought just $1.2-billion worth of legal weed in 2019, but sales ended the year strong
Vanmala Subramaniam
Financial Post
February 21st, 2020
Vanmala Subramaniam
Financial Post
February 21st, 2020
Read the full story here.Canadians spent $1.2 billion on non-medical cannabis in the first full calendar year since legalization, a number that fell well short of expectations but that appears set to grow significantly in 2020.
A disproportionate amount of sales took place in the latter half of 2019, as supply chain hiccups were smoothed out and the number of retail stores increased across the country.
Statistics Canada data showed cannabis sales in December climbed 8.1 per cent from a month earlier to $146 million, the third straight month in a row sales have increased.
The biggest gains came from Ontario, Quebec and Alberta.
Ontarians bought $33.7-million worth of legal weed, up 6.6 per cent from the month before, while Quebeckers purchased $33.5-million of cannabis, an increase of 12 per cent from November.