Quebec and B.C. top country's weed sales in May
Recreational weed sales in Canada enjoyed a significant boost in May — up 14 per cent — according to data from Statistics Canada.
“Sales improved to $85 million in May, up from $74 million in April and $60 million in March,” Marijuana Business Daily reports. British Columbia recorded the biggest sales growth in May with a 37 per cent increase thanks to improved access via the opening of a number of new dispensaries.
The increase is hardly surprising, considering the level of popularity cannabis enjoys on the West Coast. Nearly a quarter of B.C. residents over the age of 15 reported consuming the drug in 2017, as per the recent United Nations World Drug Report.
The province of Quebec also saw a significant spike in May cannabis sales, thanks to allowing provincially-run SQDC stores to operate seven days a week — up from the previous four days a week that ostensibly allowed it to maintain stock during chronic product shortages. The province raked in $17 million in May, a 25 per cent uptick from the previous month.
Despite the increase, the SQDC recently posted nearly $5 million dollar loss in its first fiscal year, and recent labour disputes also pose a looming threat to the retailer’s profitability.
The Maritime provinces — Prince Edward Island, Newfoundland and Labrador, Nova Scotia, and New Brunswick — yielded the least amount of growth in the month of May.
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