Recommended content

Canadian cannabis retail sales set record in July

Retail cannabis sales in Canada continue to rise, with sales in July approaching $340 million, a new record.

The latest numbers from Statistics Canada show that sales have continued to climb, month over month, since March.

In June, nationwide sales amounted to just over $319 million. That record only lasted a month, however, as July’s sales totalled $338.8 million.

Ontario saw the biggest leap in sales, increasing more than five per cent from the previous month, and 110 per cent year over year. The province accounted for just under $127 million worth of sales in July.

In late August, Canada’s most populous province opened its 1,000th store, exactly 880 days after the first retail shops opened.

Alberta saw more than $60 million in sales for July, with Quebec ($52.1 million) and B.C. ($48.5 million) rounding out the top four.

B.C. was

Read full article on The Growth Op

Follow us on Instagram or join us on facebook page

Be first to rate

The Growth Op
Source

More news