You are here
Home 🌿 Recreational Marijuana News 🌿 Canadian cannabis retail sales top $261 million in November 🌿Canadian cannabis retail sales top $261 million in November
The latest numbers from Statistics Canada show retail pot sales in Canada reached more than $260 million for the month of November.
It’s a slight dip from the previous month when nationwide sales reached more than $270 million, but a 93 per cent increase from a year ago, reports New Cannabis Ventures.
In Nov. 2019, Canadians bought $135 million worth of cannabis.
Ontario led all provinces and territories, with more than $83 million in sales. Nearly every province saw a slight decline in sales from the previous month with the exception of Saskatchewan, where sales ticked up $140,000 and reached a near-total of $14 million.
New Cannabis Ventures reports that the slight month-over-month dip in sales was also mirrored in the U.S.
Quebec saw the biggest drop in sales, from $48 million in Oct. 2020 to just under $45 million in Nov. 2020.
While Ontario has picked up the pace with its retail offerings, Quebec’s government monopoly on retail has led to fewer than 50 stores opening across the second-most populous province in the country.
Ontario saw the largest increase in year-over-year sales, from $31 million in Nov. 2019 to $83 million in Nov. 2020, representing a 168 per cent increase.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.