Tag: sales

Cannabis sales in Quebec border city collapse after province hikes age requirement

Cannabis store sales plunged in the Quebec border city of Gatineau after the province raised the legal age for buying marijuana from 18 to 21 in January 2020, according to an analysis of data provided by Statistics Canada. Sales in Gatineau reached an all-time high of 1.83 million Canadian dollars ($1.4 million) in December 2019. […]

Australian cannabis sales to surpass $150 million in 2021

Australia’s medical marijuana sales could surpass 200 million Australian dollars ($152 million) this year, a twofold increase over 2020, fueled by growing patient numbers and better product selection, according to a new forecast by data firm FreshLeaf Analytics. The North Sydney-based company said Australia is still “heavily dependent” on Canada and Europe for imports of […]

Ontario, Alberta lead Canadian cannabis sales drop in January

Retail sales of adult-use cannabis products in Canada declined to 282.8 million Canadian dollars ($225 million) in January, 5.6% lower than a month earlier, according to the latest Statistics Canada data. Sales fell in every province and territory. Alberta and Ontario saw the biggest declines on a dollar basis. Consumers in Alberta purchased CA$58.4 million […]

Cannabis companies anticipate added sales bump with new round of stimulus checks

Cannabis companies will likely see a boost in sales from the third round of federal stimulus payments, providing added fuel to an industry already thriving during the coronavirus pandemic. The $1.9 trillion coronavirus relief plan President Joe Biden signed last week puts up to $1,400 in the pockets of individual Americans depending on their income, […]

Aurora Cannabis puts mammoth 1.7 million-square-foot greenhouse on the sales block

Aurora Cannabis is looking to unload one of the largest and most expensive greenhouses ever built to grow marijuana, but any potential buyer could be on the hook for additional expenditures to get the project across the finish line. The company hasn’t set a price but is instead entertaining offers. Aurora has put 260 million […]

Nearly 20 Vermont towns vote to allow recreational cannabis sales

Voters in Vermont’s biggest city, Burlington, as well as the state capital, Montpelier, and at least 16 other towns approved recreational cannabis sales in their communities. At least 27 cities and towns went to the polls Tuesday to decide whether to allow recreational cannabis businesses, the Montpelier-based VTDigger reported. The votes were conducted as part […]

Sales of Canadian cannabis edibles, extracts fall for first time

Canadians purchased fewer cannabis edibles and extracts last November compared to the previous month, new Health Canada data shows, ending at least 11 consecutive months of growth for the categories. In November, some 1.52 million packages of edibles were sold online or in person, down from 1.69 million in October, according to the new data. […]

Sales of cannabis pre-rolls up nearly 50% in 2020 despite pandemic

Sales of cannabis pre-rolls surged nearly 50% last year in key recreational markets, defying expectations that the often-shared product would suffer during a global pandemic caused by a respiratory-related virus. Pre-rolls have become the second-fastest-growing product category as cannabis consumers shop for value products and enjoy the convenience of the prepackaged good. Pre-roll is the […]

Virginia OKs smokable flower in move that could spark medical marijuana sales

Virginia lawmakers overwhelmingly passed legislation that would allow smokable marijuana flower sales later this year, a reform that will dramatically boost sales in the state’s nascent medical cannabis market. Flower sales often account for roughly 50% of market sales. Gov. Ralph Northam has supported marijuana, including urging adult-use legalization, so he’s expected to sign the […]

Canada tallies CA$2.6 billion in cannabis sales for 2020, up 120% over 2019

Canadian sales of legal recreational cannabis totaled 2.6 billion Canadian dollars ($2.08 billion) in 2020, as December sales increased from a relatively sluggish November. Licensed marijuana retailers across the country sold CA$298.4 million worth of cannabis in December, up 14.3% from November, according to new retail trade data released Friday by national data agency Statistics […]