Statistics Canada released December retail sales for the country, with cannabis sales increasing from the November levels, up 5.3% to C$503.7 million, a new record monthly total.
This sequential increase was up 1.9% on a per-day basis more due to the higher number of days than in the prior month. November, originally reported at C$477.9 million, was revised slightly higher to C$478.4 million.
The sales in December were up 2.9% from a year ago, down from the level in May at 8.3%, from 7.5% in June and the 6.2% in September. This was also down from the 20.3% August 2023 growth rate and better than the prior lowest annual growth rate since legalization commenced of -0.9% in September 2024 and then -1.6% in October due to the BC strike, and it was down substantially from the December 2024 growth of 9.1%. The prior record level in August was only 1.8% above the year-earlier level. In 2024, total sales increased 4.5% to C$5.39 billion, and they were up 4.1% in 2025 to C$5.62 billion.
Read the full article at New Cannabis Ventures
