Tag: sales

Canadian cannabis sales surged in March amid COVID-19, data shows

Retail sales of regulated cannabis in Canada soared in March, growing 19% on a monthly basis to a record 181 million Canadian dollars ($129 million). The March retail sales figures from Canada’s national data bureau confirm what industry sources told Marijuana Business Daily that month: Consumers flocked to cannabis stores to stock up as public […]

British Columbia books record tax revenue from cannabis sales

British Columbia’s monthly share of the federal excise duty on adult-use cannabis hit a fresh high, as the province continued to execute its plan to greatly expand the number of private- and publicly-owned marijuana stores. For December, British Columbia’s share of the federal excise tax was 2.5 million Canadian dollars ($1.8 million) – the province’s […]

Medical cannabis sales regain their footing in Ohio despite coronavirus volatility

Sales in Ohio’s nascent medical marijuana industry steadily improved during the first four months of 2020, despite short-term hiccups caused by the coronavirus pandemic. Through the end of April, roughly $50 million of medical marijuana was sold in Ohio in 2020 – just shy of the $58 million sold for the entirety of 2019. Increasing […]

Medical marijuana sales, patient counts hold steady in Maryland

Maryland’s medical cannabis market remains one of the strongest in the United States, with the robust sales and patient increases of 2019 persisting into a tumultuous 2020. Sales in Maryland hit $252 million in 2019, up from $109 million in 2018. Through March 2020, medical marijuana sales in the state eclipsed $91 million, an increase […]

High Times CEO switch, Florida court mulls cannabis revamp, solid sales in Oklahoma & Illinois

Los Angeles-based High Times Holding Corp. replaced CEO Stormy Simon after only four months on the job, marking the third time in a little more than a year the cannabis magazine publisher has hired a chief executive. Simon is being replaced by Peter Horvath, who most recently ran Ohio-based cannabis retailer Green Growth Brands. He also has […]

CIBC slashes cannabis sales forecast to CA$2.5 billion for 2020

One of Canada’s largest banks trimmed almost a billion dollars off this year’s forecast for adult-use cannabis sales, mostly due to issues arising from a slow roll-out of regulated stores in key provincial markets as well as shuttered locations because of the COVID-19 pandemic. CIBC Capital Markets, the investment banking subsidiary of the Canadian Imperial Bank of […]

Canada’s pre-pandemic recreational cannabis sales stagnate in February

Canada’s adult-use cannabis sales fell to just under CA$150 million ($105.7 million) in February, the last full month of purchases before the COVID-19 crisis slammed the global economy. Eight of the 13 provinces and territories experienced lower sales in the month, according to the latest Statistics Canada data, but most of the decreases were within […]

Italian medical cannabis sales grew 50% in 2019, and supply remains stable despite coronavirus

Patients in Italy bought 861 kilograms (1,898 pounds) of medical cannabis in 2019, a nearly 50% increase versus the 578 kilograms sold in Italian pharmacies in 2018, according to new data from Italian health authorities. Most of the growth is attributable to an increase in imports from the Netherlands, which allowed patients in Italy access […]

Coronavirus takes toll on March adult-use marijuana sales

Recreational cannabis sales in four key markets decelerated in March as the COVID-19 crisis continues to disrupt both the cannabis industry and the broader U.S. economy. According to point-of-sale data provided by Seattle-based Headset, recreational cannabis sales in Colorado and Nevada declined from March 2019 to March 2020, the first time that monthly adult-use sales […]

Rush to stock up on recreational marijuana may lead to lower sales now

Despite a couple of temporary sales spikes in recent weeks, adult-use cannabis sales in California, Colorado and Washington state are all suffering from the economic fallout surrounding the coronavirus pandemic. According to point-of-sale data provided by Seattle-based Headset, adult-use cannabis sales were less than those for the same day in 2019 for six consecutive days […]