Cannabis sales in Canada reach over $1.3 billion since legalization

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Health Canada releases 8.15% sales increase for December 2019

Health Canada has released cannabis sales figures for the month of December 2019. Although the province of Ontario is still leading the sales, the provinces of Quebec and Alberta have joined the lead. Quebec, which was 3rd in November, is now a few hundred thousand dollars from first position.

We are witnessing a great increase in sales since the start of legalization in October 2018. Sales in December 2019 are now over $146 million, an increase of 8.15% with the month of November 2019 ($135M)

Sales in December 2019 are now over $146 million

All provinces except one saw an increase in sales including Manitoba which almost doubled to $7.1M. Unfortunately, British Columbia saw sales drop 6.59%.

Total sales since the start of legalization amounted to $1.3 billion and constantly increasing. The coming months will gradually show us the start of sales of cannabis 2.0 combined with the increase in stores nationwide.

We can say that despite the precarious situation of several producers, those who manage to get through will have a bright future ahead of them.

For more info visit Health Canada website

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For more information visit the official Health Canada site


This article is written and published by The Cannabis Stock

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