Cannabis Canada: Annualized Legal Pot Sales on Track to Hit $1.75B | Cannabis Culture


Holiday buying strength helps push pot sales to record highs in December.

Canadians bought about $146.2 million of legal cannabis in December, the biggest month of sales on record, according to Statistics Canada. Taken at an annualized run rate, those sales figures would see sales in Canada’s legal recreational cannabis industry hit $1.75 billion. Canadian retail store sales rose 8.1 per cent in December from the prior month with nine out of 10 provinces reporting monthly sales advances. Manitoba led all provincial gains with a surprising 53.9 per cent rise in sales, while British Columbia was the only province to report a decline in purchases.

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– Read the entire article at BNN Bloomberg.