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Canadian Cannabis Sales Rebound In March

Statistics Canada released March retail sales for the country, with cannabis sales increasing from February by 10.7% to C$358.8 million. February was revised from C$336.4 to C$324.1. The sales were up 20.4% from a year ago, down from the 23.8% February growth rate.

An increase in the number of stores and falling flower prices that bring consumers from the illicit market have been boosting sales. In Ontario, the largest province in population, sales were up 11% from February and 41% from a year ago, reflecting the increase in the number of stores. Alberta, the second-largest province, was up 10% from February and up 7% from a year ago. Quebec was up 1% from February and down 12% from a year ago, while British Columbia was up 21% from February as it advanced 35% from a year ago.

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