Canadian retail cannabis sales hit record-breaking $267.8 million USD in July

Bethan Rose Jenkins, Cannabis News Writer/Editorial

Sales of legal adult-use cannabis in Canada are constantly hitting new highs. This past July, sales figures  soared to a record-breaking CAD $338.9 million (USD $267.8 million) representing a 6.2 percent increase from the previous month.

The latest sales figures for Canada’s legal cannabis market were released by analysts at federal data bureau Statistics Canada. Analysts from the North American Country’s national statistical agency reported a slight upward adjustment for June’s sales, which totaled CAD CA$319.2 million.

Impressively, sales figures for the month of July indicate five solid months of steady growth for Canada’s recreational cannabis market. Moreover, the report signifies year-over-year (Y-o-Y) growth of 45.6 percent.

Annual revenue run rate, based on Statistics Canada’s sales data, registers at approximately CAD$4.07 billion for the industry, which has been going strong since legalization was enacted in October 2018.

Ontario generated the most recreational cannabis sales revenue

Statistics Canada highlighted cannabis sales revenue increases across all Canadian provinces. Most notably, Ontario’s licensed stores managed to harvest the greatest financial rewards. 

This is not surprising, considering the fact that Ontario – which boasts more than 1,000 brick-and-mortar retailers claims the title as Canada’s largest provincial market.

To put things into perspective, Ontario’s cannabis sales revenue accounted for 34.7 percent of regulated Canadian adult-use sales during the month of July. For the entire month, sales amounted to CAD$126.7 million and surged 5.5 percent from the previous month.

All cannabis sold in Ontario is available via the Ontario Cannabis Store (OCS). 

An overview of Canada’s recreational cannabis sales revenue in specific provinces

Aside from the monthly recreational cannabis sales figures that were recorded in Ontario, the data released by Statistics Canada also highlighted revenue in the following remaining provinces:

  • Alberta: CA$60.7 million (+4.9 percent)
  • Quebec: CA$52.1 million (+5.9 percent)
  • British Columbia: CA$48.5 million (+9.4 percent)
  • Saskatchewan: CA$13.2 million (+1.9 percent)
  • Manitoba: CA$12.8 million (+7.4 percent).
  • Nova Scotia: CA$8.8 million (+6.9 percent)
  • New Brunswick: CA$7.3 million (+11.2 percent)
  • Newfoundland: CA$5.3 million (+8.5 percent)

Statistics Canada analysts noted that July cannabis sales revenue was not disclosed for the province of Prince Edward Island or Canada’s three territories the Northwest Territories, the Yukon and Nunavut.

For selected major cosmopolitan locations, July cannabis sales revenue was recorded as follows:

  • Toronto: CA$45.2 million (+3.5 percent)
  • Montreal: CA$26 million (+4.6 percent)
  • Edmonton, Alberta: CA$20.8 million (+4.7 percent)
  • Calgary, Alberta: CA$16.4 million (+5.7 percent)
  • Vancouver, B.C.: CA$15 million (+5.6 percent)
  • Ottawa, Ontario: CA$13.4 million (+10.9 percent)
  • Winnipeg, Manitoba: CA$8.7 million (+4.5 percent)
  • Quebec City: CA$6 million (+2.3 percent)
  • Gatineau, Quebec: CA$1.5 million (+2.2 percent)

Retail sales data for the month of August will be officially published by Statistics Canada on October 22.