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Canadians purchased $395.5 million worth of recreational cannabis in January

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After a record-breaking December, Canadian cannabis sales fell seven percent in January, to $395.5 million.

Sales represent a 7 percent decrease from a December high of more than $425 million, and an increase of 14 percent year-over-year.

Ontario was responsible for nearly $155 million in sales in January, followed by Alberta ($69.5 million) and Columbia ($60.6 million), according to the latest numbers from Statistics Canada.

The province saw almost no sales decline except for Saskatchewan, which reported sales of $19.1 million, up 13 percent month-over-month.

New Brunswick saw the biggest drop in sales, posting a monthly drop of nearly 15 percent.

Canadians purchased more than $4.5 billion in recreational cannabis in 2022, up nearly 18 percent year-over-year.

Earlier this year, Ontario’s regional wholesaler Cannabis Store announced it would cut its margins.

Read the full article at ab growth

Grow guide for marijuana beginners.
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